{"id":8194,"date":"2019-08-26T19:02:33","date_gmt":"2019-08-26T19:02:33","guid":{"rendered":"https:\/\/zackspcg.com\/blog\/?p=8194"},"modified":"2022-02-26T13:07:13","modified_gmt":"2022-02-26T13:07:13","slug":"government-eyes-new-regs-for-tech-fewer-for-banks-plus-more","status":"publish","type":"post","link":"https:\/\/zacksim.com\/blog\/government-eyes-new-regs-for-tech-fewer-for-banks-plus-more\/","title":{"rendered":"Government eyes new regs for tech, fewer for banks, plus more"},"content":{"rendered":"\n<p>Big tech companies like Google, Facebook and Amazon are\nbeing called into question with a new investigation, while big banks may see\nfewer regulations in the future. Read on to get the details.<\/p>\n\n\n\n<p><strong>Big Tech in a\nRegulatory Crosshairs<\/strong> \u2013 The target on Big Tech\u2019s back continues to grow.\nJust last month, the U.S. Justice Department announced it was conducting an\nantitrust review of Alphabet\u2019s Google unit and Facebook. This week, it was\nreported that a group of state attorney generals are banding together to launch\na formal antitrust investigation against a handful of big tech platforms\n(likely including Google, Facebook, Amazon, and Twitter), which may begin as\nearly as next month. Early reporting shows that the attorney generals involved\nin the investigation have concerns about the use of personal data by big\ntechnology companies, while also looking into whether their business practices\nconstitute monopolistic practices that put consumer privacy and data at risk.<sup>1\n<\/sup>While none of these criticisms of big technology companies are new, the\nonslaught of investigations on both the federal and state levels represent\nuncharted territory for companies whose exponential growth has largely been\nhelped by few regulatory hurdles.<\/p>\n\n\n\n<p><strong>____________________________________________________________________________<\/strong><\/p>\n\n\n\n<p><strong><a href=\"https:\/\/go.steadyinvestor.com\/arrow-9-retirement-mistakes?source=blog&amp;medium=website&amp;term=steadyinvestor_zim_2019_8_24&amp;content=9_retirement_mistakes_guide \">9 of the Biggest Financial Mistakes You Should Avoid!<\/a><\/strong><\/p>\n\n\n\n<p>Looking toward the remainder of this bull market, many\ninvestors may be wondering what to do and how to prepare for what\u2019s next.<\/p>\n\n\n\n<p>See what we believe are the biggest mistakes investors make\nand how to avoid them with our guide, \u201c9 Retirement Mistakes to Avoid.\u201d<\/p>\n\n\n\n<p>If you have $500,000 or more to invest and want to learn\nmore, click on the link below:<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/go.steadyinvestor.com\/arrow-9-retirement-mistakes?source=blog&amp;medium=website&amp;term=steadyinvestor_zim_2019_8_24&amp;content=9_retirement_mistakes_guide \">Learn About the 9 Retirement Mistakes to Avoid!<\/a><sup><a href=\"https:\/\/go.steadyinvestor.com\/arrow-9-retirement-mistakes?source=blog&amp;medium=website&amp;term=steadyinvestor_zim_2019_8_24&amp;content=9_retirement_mistakes_guide \">2<\/a><\/sup><\/strong><\/p>\n\n\n\n<p><strong>____________________________________________________________________________<\/strong><\/p>\n\n\n\n<p><strong>Big Banks to See\nFewer Regulations Going Forward \u2013 <\/strong>While technology companies prepare for\nmore scrutiny, big financial companies may be catching a break. In the\naftermath of the 2008 financial crisis, the 2010 Dodd-Frank legislation created\na web of new rules designed to prevent big banks from taking too much risk. One\nsuch regulation was known as the Volcker Rule, which prevented big banks from\nmaking speculative trades using their own capital. The issue many banks took\nwith the rule was how complicated it was in its application, which in turn\nprevented them from making normal, allowable trades. Under the new changes set\nto go into effect on January 1, 2020, firms with less than $1 billion in\ntrading assets and liabilities will no longer have to prove to regulators that\nthey are complying with the Volcker rule\u2019s trading restrictions. The biggest\nbanks, like JP Morgan, Bank of America, and Citigroup will not have to\ndemonstrate to regulators that trades made for less than 60 days weren\u2019t for\nshort-term profit.<sup>3<\/sup> Not only will the rule changes ease the\ncompliance burden for many banks, it will also allow them more flexibility in making\ntrades.<\/p>\n\n\n\n<p><strong>Stuck in China:\nManufacturers Find It Difficult to Move \u2013 <\/strong>Many companies with manufacturing\noperations in China are finding it difficult to navigate production in the\nmidst of the trade war. Early on, many companies clung to hopes that the trade\nwar would be negotiated quickly, and that production and supply chains would be\nleft largely unscathed. But as the trade war increasingly appears to have no\nend in sight, companies have been grappling with how to diversify supply\nchains. Countries like Vietnam are eager to take manufacturing production\nbusiness from China, but the reality on the ground is that China\u2019s specialized\nsupply chains and factories with U.S.-focused safety certifications are not\neasy to find. China had a 15-year head-start on other Southeast Asian countries\nin the quest to become a manufacturing powerhouse, and is also saddled with a\npopulation of 1.3 billion that dwarfs most countries eager to compete. Some\nsolution-driven companies have moved pieces of production to other countries,\nin a strategy known as \u201cChina +1.\u201d<sup>4<\/sup> <\/p>\n\n\n\n<p><strong>Can Recreational\nVehicle (RV) Sales Offer Clues About Business Cycles? <\/strong>About 65% of RVs are\nmade in the Elkhart, Indiana region, which today sports an unemployment rate of\nabout 3% (which is less than the 3.9% national average). Many economists and\ninvestors take clues from pocket industries like RV sales, since consumer\nspending is such a large component of the U.S. economy. That\u2019s why it was\nconcerning for many to see that RV sales to dealers have fallen nearly 20% this\nyear, following a 4.1% decline last year. The key data point is that\nhistorically, multiyear declines in RV shipments have preceded recessions (true\nfor the last three).<sup>5<\/sup> Many RV manufacturers believe that consumer\ndemand is on the decline and they\u2019re seeing signs of a top.<\/p>\n\n\n\n<p>We can\u2019t predict or control what is in store for\nthe market, but investors can stay focused on making sure their own actions help\nguide their investments to succeed. One way to do this is not to fall prey to\ncommon investing mistakes.<br>\n&nbsp;<br>\nThere are common mistakes and habits that can\nhelp some investors succeed while others fail. To help you understand some of\nthese mistakes and how to avoid them, we have created the guide, \u201c9 Retirement\nMistakes to Avoid.\u201d<sup>6<\/sup><br>\n&nbsp;<br>\nIn this guide, we provide our thoughts on what\nwe believe are&nbsp;<strong>9 of the biggest retirement mistakes investors\nshould avoid<\/strong>. If you have $500,000 or more to invest and want to learn\nmore, click on the link below:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Antitrust review for big tech, Volcker rule relaxed, RV sales may predict business cycles<\/p>\n","protected":false},"author":3,"featured_media":7426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/8194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/comments?post=8194"}],"version-history":[{"count":1,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/8194\/revisions"}],"predecessor-version":[{"id":10720,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/8194\/revisions\/10720"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/media?parent=8194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/categories?post=8194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/tags?post=8194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}