Officials from the Trump administration issued a partial -- and qualified -- denial to the revelation that there have been discussions about imposing limits on U.S. investments in Chinese companies and financial markets. A statement over the weekend said there were no current plans to stop companies from the world’s second-largest economy listing on American exchanges. The statement did not address nor rule out other possibilities. Authorities in Beijing, meanwhile, insisted they would continue to take measures to open the country’s financial markets to foreign investment. (Bloomberg)
Forever 21, the fashion retailer whose constantly changing styles and low prices once made it a hit among young women, has filed for bankruptcy protection, felled by intense competition and its own aggressive global expansion. After weeks of questions about its future, the California-based company said on Sunday night that it planned to shut as many as 350 of its 800 stores around the world as part of a Chapter 11 restructuring. (First FT)
Congressional antitrust investigators are scrutinizing plans by Google to use a new internet protocol because of concerns that it could give the company a competitive advantage by making it harder for others to access consumer data. The new standard modernizes a fundamental building block of the internet known as the domain name system, or DNS. (WSJ)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Josh Fenili.