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☆ The rarest US stamp is going up for auction. It’s expected to sell for millions
▼ + stars: | 2024-03-13 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +5 min

This summer, philatelists will have a chance to snag the rarest US stamp ever: the 1868 one-cent “Z-grill.”Interested? On June 14, the one-cent Z-grill will be put up for sale by Robert A. Siegel Auction Galleries, marking the first time the rare stamp has been on auction since 1998. Of the two known copies of the one-cent Z-grill, one is held by the New York Public Library. That leaves only one one-cent Z-grill available to private collectors. “There’s multiple stamps that’ll bring $500,000 or $750,000, but the (one-cent) Z-grill is the star of the show,” Shreve said.

Persons: Robert A, Bill Gross, “ It’s, ”, Charles Shreve, Gross, “, Benjamin Franklin, Scott Trepel, ” Trepel, Trepel, Jerry Buss, Shreve, ‘, ’ ” Shreve, Don Sundman, ” Shreve Organizations: CNN, British, New York Public Library, US Post, Los Angeles Lakers, Pacific Investment Management Company, US Postal Service Locations: New York, British Guiana

☆ CPI data very consistent with Fed easing rates in June, says former PIMCO chief economist
▼ + stars: | 2024-03-12 | 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 EmailCPI data very consistent with Fed easing rates in June, says former PIMCO chief economistPaul McCulley, former PIMCO chief economist and Georgetown University adjunct professor, joins 'Squawk on the Street' to discuss what the CPI report means for the Fed's next meeting, what would give the Fed more comfort to cut rates in June, and mo

Persons: Paul McCulley Organizations: Georgetown University

☆ PIMCO's Schneider talks extending interest-rate exposure beyond money funds
▼ + stars: | 2024-03-12 | 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 EmailPIMCO's Schneider talks extending interest-rate exposure beyond money fundsCNBC's Rick Santelli and PIMCO's Jerome Schneider discuss the latest inflation data's impact on Fed policy and the bond market.

Persons: PIMCO's Schneider, Rick Santelli, PIMCO's Jerome Schneider

☆ President Biden's economic agenda could face headwinds if reelected: PIMCO's Libby Cantrill
▼ + stars: | 2024-03-08 | 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 EmailPresident Biden's economic agenda could face headwinds if reelected: PIMCO's Libby CantrillLibby Cantrill, PIMCO head to U.S. public policy, joins 'The Exchange' to discuss President Biden's economic agenda following the State of the Union, the odds of a Democrat majority Congress and Senate if President Biden wins reelection, and more.

Persons: PIMCO's Libby Cantrill Libby Cantrill, Biden Organizations: Union, Democrat

☆ Pimco's Sonali Pier lets her 'cautious contrarianism' speak for itself: The bets she's making now
▼ + stars: | 2024-03-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

In this article Follow your favorite stocks CREATE FREE ACCOUNTSonali Pier is a portfolio manager with PimcoPimco's Sonali Pier strives for outperformance. Pier has risen through the ranks since joining Pimco and is now a portfolio manager within the firm's multi-sector credit business. Her father also raised her to value education and hard work, Pier said. Where Pier is bullishRight now, Pier prefers developed markets over emerging markets and the U.S. over Europe. However we can most efficiently express our view and trade that will lead to the best total return," Pier said.

Persons: Sonali, Pimco Pimco's Sonali, Pier, she's, Morningstar, It's, Mike Mulach, Mulach Organizations: Princeton University, JPMorgan, Pimco, Morningstar, Fund, SEC, Bloomberg Global Credit Locations: New York, California, Russia, Ukraine, U.S, Europe, financials

☆ No urgency from Fed Chair Powell when it comes to easing interest rates, says Paul McCulley
▼ + stars: | 2024-03-06 | 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 EmailNo urgency from Fed Chair Powell when it comes to easing interest rates, says Paul McCulleyPaul McCulley, Former Chief Economist at PIMCO, joins 'Fast Money' to talk Fed Chair Powells testimony on Capitol Hill today and the main takeaways from it.

Persons: Powell, Paul McCulley Paul McCulley Organizations: Capitol

☆ The Fed will be data oriented even during a presidential election year, says PIMCO's Libby Cantrill
▼ + stars: | 2024-03-01 | 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 Fed will be data oriented even during a presidential election year, says PIMCO's Libby CantrillLibby Cantrill, PIMCO head to U.S. public policy, joins 'Squawk Box' to discuss the history of the Federal Reserve's policy actions during a presidential election year, the state of the 2024 race, and more.

Persons: PIMCO's Libby Cantrill Libby Cantrill

☆ Unilever and Dell have shut down some sustainability marketing initiatives as big corporations embrace 'green hushing'
▼ + stars: | 2024-02-27 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

Late last month, computing giant Dell cut part of its marketing team that focused on sustainability and other ESG-related marketing roles, Business Insider has learned. This story is available exclusively to Business Insider subscribers. AdvertisementThis is feeding into a growing trend of "green hushing," where companies stop publicizing their sustainability efforts due to concerns around regulatory scrutiny or a consumer backlash, experts say. Other sustainability agencies have been absorbed into wider offerings, R3 EVP of delivery Sarah Tan told Business Insider. Leo Rayman, head of the sustainability consultancy and venture studio Eden Lab, said that the green hushing phenomenon could suggest a sign of maturity in the space.

Persons: we're, Hein Schumacher, hushing, Pimco, , Harriet Kingaby, Sarah Tan, Kingaby, Bud, Bud Light, influencer Dylan Mulvaney, Guy Parker, — that'll, Parker, Leo Rayman, Rayman, Townsend Organizations: Dell, Business, Unilever, JPMorgan, State, ACT Climate Labs, Media, Advertising Network, Brands, Green Guides, Standards Authority, ASA, BMW, Shell, Etihad Airways, Competition, Markets Authority, Eden, Sustainability

☆ What’s behind Wall Street’s flip-flop on climate?
▼ + stars: | 2024-02-20 | by ( David Gelles | ) www.nytimes.com time to read: +1 min

Many of the world’s biggest financial firms spent the past several years burnishing their environmental images by pledging to use their financial muscle to fight climate change. Now, Wall Street has flip-flopped. In recent days, giants of the financial world, including JPMorgan, State Street and Pimco, have pulled out of a group called Climate Action 100+, an international coalition of money managers that was pushing big companies to address climate issues. Bank of America reneged on a commitment to stop financing new coal mines, coal-burning power plants and Arctic drilling projects. And Republican politicians, sensing momentum, called on other firms to follow suit.

Organizations: JPMorgan, State, Bank of America, Republican Locations: BlackRock

☆ Wall Street giants like JPMorgan and Pimco are walking back their environmental pledges after years of outspoken support for fighting climate change
▼ + stars: | 2024-02-19 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

Read previewSome Wall Street giants, many of which have spent the last few years pledging to fight climate change through corporate responsibility, are now retreating from some of their environmental initiatives. Founded in 2017, Climate Action 100+ initially launched as a five-year initiative that in 2022 was extended until 2030. AdvertisementFollowing the departures of JPMorgan, State Street, and Pimco, financial investors including Neuberger Berman, William Blair Investment Management, and Wellington Management remain members of Climate Action 100+, whose targeted companies include American Airlines, Chevron, and Procter & Gamble. Other finance giants have similarly stepped back from previous environmentally friendly initiatives, The New York Times reported. They include BlackRock, which scaled back its participation with Climate Action 100+ in recent weeks, as well as Bank of America, which walked back a pledge to stop financing coal.

Persons: —, Neuberger Berman, William Blair Organizations: Service, JPMorgan, State Street, Business, New York Times, Politico, State, William Blair Investment Management, Wellington Management, Climate, American Airlines, Chevron, Procter, Gamble, The New York Times, BlackRock, Bank of America

☆ More Wall Street Firms Are Flip-Flopping on Climate. Here’s Why.
▼ + stars: | 2024-02-19 | by ( David Gelles | ) www.nytimes.com time to read: +1 min

Many of the world’s biggest financial firms spent the past several years burnishing their environmental images by pledging to use their financial muscle to fight climate change. Now, Wall Street has flip-flopped. In recent days, giants of the financial world including JPMorgan, State Street and Pimco all pulled out of a group called Climate Action 100+, an international coalition of money managers that was pushing big companies to address climate issues. Bank of America reneged on a commitment to stop financing new coal mines, coal-burning power plants and Arctic drilling projects. And Republican politicians, sensing momentum, called on other firms to follow suit.

Organizations: JPMorgan, State, Bank of America, Republican Locations: BlackRock

☆ Georgetown's Paul McCulley reacts to January's CPI report
▼ + stars: | 2024-02-13 | 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 EmailGeorgetown's Paul McCulley reacts to January's CPI reportPaul McCulley, former PIMCO chief economist, joins 'Squawk on the Street' to discuss the latest inflation data to cross the tape and more.

Persons: Paul McCulley

☆ Companies will continue to be able to deliver on earnings in 2024, says PIMCO's Erin Browne
▼ + stars: | 2024-02-07 | 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 EmailCompanies will continue to be able to deliver on earnings in 2024, says PIMCO's Erin BrowneErin Browne, PIMCO portfolio manager, joins 'Closing Bell' to discuss adding equity risk to your portfolio.

Persons: PIMCO's Erin Browne Erin Browne Organizations: Companies

☆ PIMCO's Richard Clarida expects a mid-year Fed cut
▼ + stars: | 2024-02-02 | 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 EmailPIMCO's Richard Clarida expects a mid-year Fed cutRichard Clarida, PIMCO global economic advisor, joins 'Closing Bell' to discuss the hot jobs report and how he expects the Fed to react to the data.

Persons: Richard Clarida

☆ Market is correct pricing in three rate cuts, the question is 'timing', says PIMCO's Bill Gross
▼ + stars: | 2024-01-31 | 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 EmailMarket is correct pricing in three rate cuts, the question is 'timing', says PIMCO's Bill GrossHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Bill Gross, Brian Sullivan, “ Organizations: CNBC

☆ There is no urgency for the Fed to ease, says former PIMCO chief economist
▼ + stars: | 2024-01-30 | 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 is no urgency for the Fed to ease, says former PIMCO chief economistPaul McCulley, former PIMCO chief economist, joins 'The Exchange' to discuss the timeline for rate cuts, Fed Chair Powell's strategy, and more.

Persons: Paul McCulley

☆ China's bank reserve ratio cut is a 'very bold policy step,' portfolio manager says
▼ + stars: | 2024-01-25 | 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 EmailChina's bank reserve ratio cut is a 'very bold policy step,' portfolio manager saysStephen Chang, managing director and Asia portfolio manager at Pimco, says the People's Bank of China is "much more mindful about market signals."

Persons: Stephen Chang Organizations: People's Bank of Locations: Asia, People's Bank of China

☆ The South Carolina primary will be 'make it or break it' for Nikki Haley, says PIMCO's Libby Cantrill
▼ + stars: | 2024-01-24 | 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 South Carolina primary will be 'make it or break it' for Nikki Haley, says PIMCO's Libby CantrillLibby Cantrill, PIMCO head of U.S. public policy, and CNBC's Brian Schwartz join 'Power Lunch' to discuss the presidential nomination campaigns and GOP funding.

Persons: Nikki Haley, PIMCO's Libby Cantrill Libby Cantrill, Brian Schwartz Locations: Carolina

☆ Short-term funding bill allows markets to 'ignore' Congress for another six weeks: PIMCO's Cantrill
▼ + stars: | 2024-01-19 | 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 EmailShort-term funding bill allows markets to 'ignore' Congress for another six weeks: PIMCO's CantrillLibby Cantrill, PIMCO head of U.S. public policy, joins 'Squawk Box' to discuss latest news out of Washington DC, state of Ukraine aid, border security, impact on the markets, and more.

Persons: PIMCO's, Libby Cantrill Organizations: Washington DC Locations: Washington, Ukraine

☆ Inflation is stuck and the Fed can't lower prices without damaging the economy, top economist Mohamed El-Erian says
▼ + stars: | 2024-01-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Inflation looks to be stuck above the Fed's target rate, top economist Mohamed El-Erian said. If the Fed lowers inflation to 2% too quickly, it risks "crushing" the economy, El-Erian has warned. AdvertisementThe Federal Reserve's inflation fight has hit a wall, and central bankers can't lower prices in the economy any further without causing damage, according to top economist Mohamed El-Erian. El-Erian warned last year that inflation would likely get stuck around the 3%-4% mark, thanks to persistent pressures in the economy that will push prices higher, he said. Other commentators on Wall Street have warned of the possibility of resurgent inflation as price pressures in the economy linger.

Persons: Mohamed El, Erian, — Organizations: Service, Allianz, Bureau of Labor Statistics, Bloomberg, CPI, stoke, El, New York Fed, Cleveland Fed Locations: El, That's, Red

☆ Investors seeking a high-quality bond fund can find one in this 'solid' offering, says Morningstar
▼ + stars: | 2023-12-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

By contrast, the other intermediate-term fund on the Morningstar FundInvestor 500 list, PIMCO Investment Grade Credit Bond fund, has more than 10% in high yield, according to Morningstar. "That's why having that exposure to investment grade corporate bonds … at this point in the cycle is a tremendous value," he added. Meanwhile, the assets in the fund that are high yield are what Narayanan calls high quality, "mispriced securities." Those are the types of names that have recently been upgraded back into the investment grade space," he said. "We tend to use that capacity in high yield to add to those types of issuers before the upgrade, anticipating the upgrade."

Persons: Morningstar, Paul Olmsted, Olmsted, Arvind Narayanan, Narayanan, VFIDX Organizations: Vanguard's, Fund, SEC, Morningstar, Oppenheimer, Vanguard, Credit Bond, CNBC Fed Survey, Fitch, Occidental Petroleum, Federal Reserve Locations: Detroit, Morningstar, Treasurys, Occidental

☆ The business world is shaken after the death of 'financial genius' Charlie Munger
▼ + stars: | 2023-11-29 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Charlie Munger, Warren Buffett's right-hand man at Berkshire Hathaway, died on Tuesday at age 99. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "Charlie Munger once offered what I consider to be the best life advice one can receive: 'How to find a good spouse? Still, others praised the former vice chairman of Berkshire Hathaway for his lifelong advocacy of education and philanthropy, with multiple users calling Munger a legend and "financial genius."

Persons: Charlie Munger, Warren Buffett's, Berkshire Hathaway, —, Charlie Munger's, @WarrenBuffett, Mohamed, Charlie, — Mohamed, Munger, Nancy Barry, Sahil Bloom, William Green Organizations: Berkshire, Service, Berkshire Hathaway Locations: Munger, LA

☆ Watch CNBC's full interview with SoFi's Liz Young and PIMCO's Erin Browne
▼ + stars: | 2023-11-28 | 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 SoFi's Liz Young and PIMCO's Erin BrowneLiz Young, SoFi head of investment strategy, and Erin Browne, PIMCO portfolio manager, join 'Closing Bell' to discuss markets, labor trends, and their market outlook for 2024.

Persons: SoFi's Liz Young, PIMCO's Erin Browne Liz Young, Erin Browne

☆ The investing world reacts to death of Berkshire legend Charlie Munger
▼ + stars: | 2023-11-28 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Several investors mourned the passing of famed investor Charlie Munger, vice chairman of Warren Buffett's Berkshire Hathaway , on Tuesday. "So sad to hear the news of the passing of Charlie Munger," El-Erian wrote. Mario Gabelli, chairman and CEO of Connecticut-based GAMCO Investors, wrote on Twitter: "Charlie Munger ….a titan has passed …all will miss Charlie." "Charlie Munger helped build an American institution, and through his wisdom and insights, inspired a generation of leaders. "Charlie Munger was a brilliant attorney," Annandale Capital chairman George Seay said Tuesday evening on Yahoo Finance.

Persons: Charlie Munger, Warren Buffett's Berkshire Hathaway, Berkshire Hathaway, Buffett, Munger, Ariel Investments, Charles Bobrinskoy, Mohamed El, PIMCO, Erian, Mario Gabelli, Charlie Munger …, Charlie, Tim Cook, Cook, Stephanie Link, Hightower, Whitney Tilson, Tilson, George Seay, Wesley Chan, Chan, —, Christina Cheddar Berk, Brian Evans, Alex Harring Organizations: Warren, Allianz, Twitter, Apple, Berkshire, Hightower Advisors, Berkshire Hathaway, CNBC, Yahoo Finance, Daily, Costco Locations: Munger, Connecticut, Berkshire, American, California, Annandale, FPV

REUTERS/Lori Shepler/File Photo Acquire Licensing RightsNov 27 (Reuters) - U.S. bond giant Pacific Investment Management Company (PIMCO) said on Monday it expects the next few years to provide the best opportunities for private credit investors since the global financial crisis. "As private credit investors, this is the environment we’ve been waiting for," portfolio managers at PIMCO said in a note. In particular, PIMCO expects the lower liquidity environment to create opportunities for private credit investors in specialty finance - collateral-based loans to consumers and small businesses - as well as in senior corporate loans and commercial real estate. Within specialty finance, the asset manager singled out residential mortgage credit, solar and home improvement lending, equipment finance and aircraft leasing. PIMCO said it expects opportunities for private credit to provide such financing not just directly to borrowers, but also to banks and non-bank lenders.

Persons: Lori Shepler, PIMCO, Matt Tracy, Davide Barbuscia, Nick Zieminski Organizations: REUTERS, Pacific Investment Management Company, Thomson Locations: Newport Beach , California

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