Trump ‘Revenge' Tax Prompts AMP to Halt Long-Term US Investments

One of Australia's top asset managers has frozen new long-term investments in the US, citing mounting uncertainty over President Donald Trump's policies.
AMP Ltd.'s main concern is a proposal to lift taxes on US income of non-US businesses as part of Trump's sweeping domestic policy legislation, Head of Portfolio Management Stuart Eliot said in an interview. Roughly a third of the pension and wealth firm's A$135 billion ($88 billion) of assets under management are US-domiciled, he said.

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Customer shocked by Aussie cafe's extra 30 per cent charge: 'Not normal'

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Investors in Catapult Group International (ASX:CAT) have seen incredible returns of 656% over the past three years

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CoreWeave (CRWV) Jumps 8% on Rosy Growth Prospects

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