Author: Press Room
The Global X U.S. Infrastructure Development ETF (BATS:PAVE) is one of the more intriguing thematic ETFs I’ve come across recently. PAVE seeks to profit from opportunities in the infrastructure. It’s become increasingly evident that the United States has a good deal of outdated, substandard, or run-down infrastructure in areas such as bridges and highways, ports, water systems, etc. There are reasons to think that federal, state, and municipal governments may put more tax dollars to work in infrastructure spending in coming years to help address these deficiencies while also helping promote job employment and provide a boost to local economies.…
The week ahead is a significant one for central banks on both sides of the pond, with the Federal Reserve and the Bank of England each set to announce interest rate decisions. First up on Wednesday is the Fed, where it would seem the question is no longer if there will be a rate cut, but rather by how much. Markets on Friday ascribed a 57 per cent probability to a quarter-point cut.The Bank of England is expected to keep UK rates on hold, but last Tuesday’s underwhelming economic growth report for July have slightly increased the odds of a…
Golf courses, and in particular former President Donald Trump’s own properties, have long been a source of concern among Secret Service officials tasked with securing the grounds while the commander in chief plays, according to people familiar with the matter. A golf course is often the largest outdoor area a president can visit, and their design — often abutting public roads and containing elements like trees and hills which can conceal would-be assassins — make them particularly difficult for the agency to secure. Like other presidents before him, Trump’s presence at a golf course does not prompt the club to…
CTA and Estate Plans and Trusts The Corporate Transparency Act (“CTA”) is a mandate that requires most smaller closely held business entities to file a rather invasive report with the Financial Crimes Enforcement Network of the Treasury Department. The CTA has been written about extensively, but it seems that most business entities, and their owners and those controlling them have not addressed compliance yet. When it comes to estate planning, and particularly entities owned by trusts, determining who has to file as a beneficial owner is particularly complicated. That is a real issue because the penalties are about $600/day and…
Former president Donald Trump lashed out at pop star Taylor Swift on Sunday, less than a week after the musician endorsed Vice President Kamala Harris.”I hate Taylor Swift!,” Trump posted in all caps on Truth Social, the website owned by the Trump Media & Technology Group.Swift endorsed Harris in on Instagram post on Tuesday, shortly after the presidential debate between the two major party candidates.”I think she is a steady-handed, gifted leader and I believe we can accomplish so much more in this country if we are led by calm and not chaos,” Swift wrote in the post. She also…
Former President Donald Trump was safe on Sunday, his campaign said, after shots were fired near him at his Florida golf course.”The FBI has responded to West Palm Beach Florida and is investigating what appears to be an attempted assassination of former President Trump,” the Federal Bureau of Investigation told NBC News in a statement.U.S. Secret Service officers fired shots at a person they believed was aiming a weapon outside the fence line of Trump’s golf course in West Palm Beach, Florida, where the Republican presidential nominee was golfing, four senior law enforcement officials told NBC News.One person is now in custody, the officials…
Federal Reserve officials won’t say how former President Donald Trump winning a second term could impact the economy. Actually, the Fed prides itself on avoiding even the suggestion that it is wading into politics. But transcripts of closed-door Fed meetings from Trump’s first term give some clues about top economists’ true feelings about Trump’s economic agenda. If voted into office in the November US presidential election, Trump has promised to impose sweeping tariffs of at least 10% on all foreign imports, up to 60% for some Chinese products, and levies as high as 100% for countries that abandon the dollar…
Introduction One of the interesting elements of preferred shares in Canada is that some of the issues (and then predominantly preferred equity issued by larger companies) have a conversion component. Within the preferred security spectrum, you generally have two types of preferred shares: Fixed rate and floating rate preferred shares. In Canada, even the floating rate preferred shares generally see preferred dividend rates being locked in for five year stints (i.e. every five years the preferred dividend rate gets reset, usually based on a five-year government bond plus a mark-up). However, in some cases, preferred shareholders get the option to…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.German billionaire Mathias Döpfner and KKR are nearing a deal to split up the media giant Axel Springer, in a move that would allow one of the world’s largest private equity firms to bow out of news media after five turbulent years. The two sides are expected to discuss the proposed structure of a deal that would give KKR majority control of the company’s profitable classifieds business at a meeting of its supervisory board on Thursday, according to four people familiar with the…
Political scientist has theory why Trump keeps pushing debunked claim about Haitian immigrants University of Virginia Center for Politics director Larry Sabato explains why Donald Trump continues to push a debunked lie about Haitian immigrants at rallies and public appearances. Read the full article here
