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☆ Paul McCulley, fmr. PIMCO chief economist, expects the Fed to pivot in the second half of 2023
▼ + stars: | 2023-01-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPaul McCulley, fmr. PIMCO chief economist, expects the Fed to pivot in the second half of 2023Paul McCulley, fmr. PIMCO chief economist, joins 'Closing Bell' to discuss the Fed's inflation fight and what that means for the markets.

☆ Rick Singer and Other Notable Figures Who Were Sentenced in the Varsity Blues Scandal
▼ + stars: | 2023-01-09 | by ( Melissa Korn | Jennifer Levitz | ) www.wsj.com time to read: 1 min

Douglas HodgeThe former chief executive of bond giant Pimco was sentenced to nine months in prison after paying $850,000 to the company and charity of Mr. Singer, as well as to Georgetown’s former tennis coach and a University of Southern California account controlled by an administrator who was also charged in the case. Katherine Taylor/Reuters

☆ BlackRock's mighty tech unit is a silver lining in an awful market. But competition and a recession could test its momentum.
▼ + stars: | 2023-01-09 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +7 min

In a tumultuous year for BlackRock, its powerful Aladdin business won record new mandates. "2022 was a good litmus test for the BlackRock model vis-a-vis Aladdin," said Cathy Seifert, a senior equity analyst at CFRA Research. Now Sudhir Nair, the longtime BlackRock executive who runs the Aladdin business globally, and his sprawling business face a test: Keeping that momentum. "To get new business, Aladdin may have to sharpen their pencils, despite the fact that I do think they still retain a best-in-class position," Seifert said. Influential rival money managers like Two Sigma, Pimco, State Street, and Amundi have been putting resources behind their own proprietary tech platforms.

☆ There will be some headline risk, but it's much ado about nothing in the House, says PIMCO's Cantrill
▼ + stars: | 2023-01-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere will be some headline risk, but it's much ado about nothing in the House, says PIMCO's CantrillPIMCO's Libby Cantrill joins 'Power Lunch' to discuss the impact on issues like the debt ceiling now that Kevin McCarthy has been named House Speaker.

☆ 'Buy cheap and out of favor' this quarter, says Paul McCulley, fmr. PIMCO chief economist
▼ + stars: | 2023-01-03 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Buy cheap and out of favor' this quarter, says Paul McCulley, fmr. PIMCO chief economistPaul McCulley, former PIMCO chief economist and Georgetown adjunct professor, on what to expect from markets and inflation this year. With CNBC's Brian Sullivan and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.

☆ Inside climate tech's record-breaking year where the energy crisis, new regulation, and a maturing debt market helped European startups raise $17.5 billion
▼ + stars: | 2022-12-30 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +7 min

Climate tech was a clear green shoot in a tumultuous 2022 but there will be a delayed correction. But there has been one green shoot: Climate tech. "We've just gotten started when it comes to climate tech," Emitwise's Cozzi said. Many climate tech companies have raised at high valuations, said Magda Lukaszewicz, principal at Balderton Capital. Energy and infrastructure companies are tipped as winners, while pure software plays may see some consolidation, climate tech investors and founders said.

☆ The world's top investment firms pay Rob Arnott for advice. He shares 2 trades he thinks will deliver 15% annualized returns over the next decade — and breaks down why there's a 'decent likelihood' th
▼ + stars: | 2022-12-28 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

The first opportunity is in international developed market value stocks, which are represented by the EAFE Value Index. Investors can gain exposure to developed market value stocks through funds like the iShares MSCI EAFE Value ETF (EFV) and the Vanguard International Value Fund (VTRIX). The second is in emerging market value stocks, which he said have an average Shiller P/E of 10x. The iShares Edge MSCI EM Value Factor UCITS ETF (EMVL) and the Dimensional Emerging Markets Value ETF (DFEV) offer exposure to emerging market value stocks. The Invesco S&P 500 Pure Value ETF (RPV) is one way to gain exposure to US value stocks.

☆ The world's top investment firms pay Rob Arnott for advice. He shares 2 trades he thinks will deliver 15% annualized returns over the next decade — and breaks down why inflation could remain elevated
▼ + stars: | 2022-12-22 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Dec 22 (Reuters) - Scott Minerd, global chief investment officer at investment and advisory firm Guggenheim Partners and a prominent Wall Street bond investor, has died, his firm said on Thursday. During his 25-year stint with Guggenheim, Minerd became a prolific commentator on financial markets and was often quoted by the media. He will be greatly missed by all," Mark Walter, chief executive and a founder of Guggenheim Partners, said in the firm's statement. Guggenheim said it had implemented a succession plan, with Anne Walsh, managing partner and CIO of Guggenheim Partners Investment Management, assuming many of Minerd's responsibilities on an interim basis. Minerd was regarded in the past few years as one of the U.S. "bond kings," along with Jeffrey Gundlach, chief executive of DoubleLine, and Dan Ivascyn, chief investment officer of bond giant PIMCO.

☆ Watch CNBC's full interview with Georgetown's Paul McCulley and JPMorgan's David Kelly
▼ + stars: | 2022-12-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Georgetown's Paul McCulley and JPMorgan's David KellyPaul McCulley, former PIMCO chief economist, and David Kelly, JPMorgan Asset Management chief global strategist, join 'Squawk on the Street' to discuss whether the Fed's likely to go too far with interest rate hikes, how investors should position for the long-run and more.

☆ There's no reason for the Fed to incite recession to curb inflation, says JPMorgan's David Kelly
▼ + stars: | 2022-12-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's no reason for the Fed to incite recession to curb inflation, says JPMorgan's David KellyPaul McCulley, former PIMCO chief economist, and David Kelly, JPMorgan Asset Management chief global strategist, join 'Squawk on the Street' to discuss inflation and whether the Fed's going to go too far with interest hikes, how investors should position for the long-run and more.

☆ Billionaire investor Bill Gross warns of chaos ahead for US housing and bond markets if the Fed keeps pushing up interest rates
▼ + stars: | 2022-12-21 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

The housing and bond markets look particularly vulnerable, Gross added. The former PIMCO investment chief said Tuesday that he's worried that there could be a recession as well as market crises in 2023 if interest rates keep rising. "If interest rates keep going up, we've got more than that," he added. The billionaire investor, famously known as 'bond king', also said that rising interest rates could create turbulence in fixed income markets. "With the yen strengthening as opposed to weakening and interest rates moving a little higher this yen carry trade stands a good chance of being reversed."

☆ The bipartisan $1.7 trillion omnibus spending bill is likely to pass, says PIMCO's Libby Cantrill
▼ + stars: | 2022-12-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe bipartisan $1.7 trillion omnibus spending bill is likely to pass, says PIMCO's Libby CantrillLibby Cantrill, head of public policy at PIMCO, joins 'The Exchange' to discuss the $1.7 trillion omnibus spending bill, the bipartisan support behind the bill and what new acts are included.

☆ Watch CNBC’s full interview with PIMCO co-founder Bill Gross
▼ + stars: | 2022-12-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with PIMCO co-founder Bill GrossBill Gross, PIMCO co-founder, joins the 'Halftime Report' to offer his outlook on the markets going into next year in the facer of more Fed rate hikes.

☆ The economy is slowing and is heading toward a recession, says PIMCO co-founder Bill Gross
▼ + stars: | 2022-12-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe economy is slowing and is heading toward a recession, says PIMCO co-founder Bill GrossBill Gross, PIMCO co-founder, joins the 'Halftime Report' to offer his outlook on the markets going into next year in the face of more Fed rate hikes.

☆ Bill Gross says markets are headed for 'potential chaos' if interest rates keep going up
▼ + stars: | 2022-12-20 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Famed investor Bill Gross said he expects big trouble ahead should the Federal Reserve keep hiking interest rates. "We've got potential chaos in financial markets," Gross said. A tightening of monetary policy would further roil the capital markets, according to Gross. Meanwhile, a rise in interest rates spells trouble ahead for commercial real estate, which could face "potential defaults" ahead, Gross said. "But in terms of a debacle, as in '07, '08, I don't think we're headed there."

☆ 'Bond King' Bill Gross likes these REITs as Fed rate hikes hit the housing market
▼ + stars: | 2022-12-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bill Gross has been investing in real estate investment trusts, also known as REITs. Nevertheless, he described the state of residential real estate as being "a little bit better" than commercial, and the Bond King has spotted an opportunity in mortgage REITs with yields of 14% to 16%. Generally, REITs are companies that own or finance income-producing real estate, or real estate-related assets, across property sectors. Gross noted that both Annaly and AGNC are "volatile" but said the spreads have widened "so much." Earlier this year, Gross predicted the Fed would be unable to raise its benchmark interest rate above 2.5% without cracking the economy.

☆ Fmr. Fed Vice Chair Richard Clarida agrees with Fed on the need for ongoing restrictive policy
▼ + stars: | 2022-12-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. Fed Vice Chair Richard Clarida agrees with Fed on the need for ongoing restrictive policyRichard Clarida, former Fed vice chair and PIMCO managing director, joins 'Closing Bell' to discuss the market reaction post-Fed meeting, scaling the severity of a slowdown next year and the relationship between wage inflation and price inflation.

LONDON, Dec 14 (Reuters) - The Federal Reserve, investment world and wider economy now have a major sequencing problem. With headline annual CPI ebbing to 7.1% last month, and core rates undershooting forecasts too to just 6.0%, most economists seem confident inflation did indeed peak around midyear. Equivalent public readings from New York Fed surveys are on the wane too. Fed Futures See Lower Rates End-23Reuters Graphics Reuters Graphics"TAIL SCENARIO"Sounding something of a klaxon for most asset markets after the CPI number, the peak or terminal Fed funds rate that futures markets implied by May was dragged firmly back below 5%. Apart from verbal guidance, one important signal markets will watch on Wednesday will be the Fed's economic projections that include policy rate assumptions for the year.

The cedi has lost more than 50% of its value this year , pushing up the cost of Ghana's external debt. Interest payments alone absorb between 70 and 100% of the government's revenuesHOW BIG IS GHANA'S DEBT? Ghana's public debt was 467.4 billion cedis ($37.4 billion) in September, of which 42% was domestic debt, according to the most recent central bank figures released last month. Ghana's debt-to-GDPWHO OWNS GHANA'S DEBT? The fund is yet to comment on Ghana's debt sustainability or domestic bond exchange plans.

☆ Jamie Dimon sounds off on the economy, Fed, and crypto
▼ + stars: | 2022-12-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

There are few top executives who draw as much attention and speak as freely as Jamie Dimon, the CEO of JPMorgan. "Inflation is eroding everything…and that $1.5 trillion will run out sometime mid-year next year," Dimon said. Never one to mince words, Dimon then blasted the cryptocurrency sector when asked what he thought of the FTX collapse. Meanwhile, days after the EU's $60 per barrel price cap kicked in, oil prices slumped to levels not seen since before the invasion of Ukraine. There's been much debate about how the measure will alter oil prices moving forward — but PIMCO commodities strategist Greg Sharenow said it's going to come down to three factors.

☆ Carvana shares tank as bankruptcy concerns grow for used car retailer
▼ + stars: | 2022-12-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Ernest Garcia III, CEO of Carvana, speaks to CNBC on the floor of the New York Stock Exchange, March 7, 2019. Shares of Carvana plummeted by more than 40% in Wednesday morning trading after the embattled online used car retailer's largest creditors signed a deal binding them to act together in negotiations with the company. Such creditor agreements are viewed as a way to streamline negotiations around new financing or a debt restructuring. JPMorgan said Wednesday that the creditor deal signals that Carvana "may have initiated debt restructuring negotiations with bond holders" but the "possibility of imminent Ch. Carvana's stock has plummeted by about 97% this year after reaching an all-time intraday high of $376.83 per share on Aug. 10, 2021.

☆ Stocks making the biggest moves premarket: Campbell Soup, Pinterest, Toll Brothers and others
▼ + stars: | 2022-12-07 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:Campbell Soup (CPB) – Campbell Soup beat estimates by 14 cents with adjusted quarterly earnings of $1.02 per share. Pinterest (PINS) – Pinterest rose 1.2% in premarket trading after an official from activist investor Elliott Management was added to the image-sharing website operator's board of directors. Carvana tumbled 18.2% in premarket trading. Dave & Buster's (PLAY) – Dave & Buster's shares slid 3.9% in premarket action even though its quarterly profit matched analyst estimates. Airbnb (ABNB) – Airbnb fell 3.8% in premarket trading after Morgan Stanley downgraded the stock to underweight from equal-weight.

☆ Wedbush downgrades Carvana, sees stock dropping to $1 as bankruptcy risk rises
▼ + stars: | 2022-12-07 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Bankruptcy is becoming more likely for beaten-down car seller Carvana , according to Wedbush Securities. Analyst Seth Basham downgraded the online used car retailer's stock to underperform from neutral and slashed his price target to $1 from $9 per share. Basham said a restructuring would allow to company to bring down its annual interest expense burden of more than $600 million. It's the latest news in a year that's pummeled the car platform's share value. In 2022 alone, the share value has dropped 97.1% from where it began the year.

☆ Carvana plunges 45% as major creditors reportedly form pact to cooperate on restructuring
▼ + stars: | 2022-12-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Carvana stock plunged 45% to a record low on Wednesday after a report of a pact between creditors. The pact was signed by 70% of Carvana's unsecured debt holders, and it is designed to prevent a nasty creditor fight if Carvana goes bankrupt. About 70% of Carvana's unsecured debt holders, representing about $4 billion, joined in on the cooperation agreement. Wedbush downgraded Carvana to Underperform from Neutral on Wednesday in response to the Bloomberg report of creditors teaming up. The stock hit a record low of $3.71 in early Wednesday trades, representing a 99% decline from its 2021 high of $376.83.

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