DIRS.INFO The most relevant business & tech news

☆ People are being pulled in by 'a very strong soft landing narrative', says Mohamed El-Erian
▼ + stars: | 2023-07-19 | 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 EmailPeople are being pulled in by 'a very strong soft landing narrative', says Mohamed El-ErianMohamed El-Erian, Allianz chief economic advisor and president of Queens' College, Cambridge, joins 'Squawk Box' to discuss why the markets are being propelled by the relief over what has not happened, the Fed's rate hike campaign, and more.

Persons: Mohamed El, Erian Mohamed El Organizations: Erian, Allianz, Queens ' College , Cambridge

☆ America's inflation headache is gone, top economist Steve Hanke says. Paul Krugman and Mohamed El-Erian aren't so sure.
▼ + stars: | 2023-07-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

US inflation fell to a two-year low of 3% in June, dividing experts on whether the threat is over. Top economist Steve Hanke said the headache is gone and the Fed has things under control. Paul Krugman was less convinced, while Mohamed El-Erian noted a recession could still hit. Even if inflation is on the retreat, interest rates may need to remain high to prevent a resurgence, Krugman continued. El-Erian's comment raises the prospect that inflation could rear its head again, forcing the Fed to keep hiking rates and trigger a recession.

Persons: Steve Hanke, Paul Krugman, Mohamed El, Erian, stoked, aren't, Johns Hopkins, Ronald Reagan, Hanke, Krugman Organizations: Service, Reserve, CNBC, Princeton, MIT, Phillips, Fed Locations: Wall, Silicon

☆ Mohamed El-Erian: Not seeing goods disinflation 'immediately translate' to the service sector
▼ + stars: | 2023-07-12 | 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 EmailMohamed El-Erian: Not seeing goods disinflation 'immediately translate' to the service sectorMohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, Cambridge, joins 'Squawk Box' to preview June's CPI data, what it means for the Fed's rate hike campaign, and more.

Persons: Mohamed El, Mohamed Organizations: Erian, Allianz, Gramercy, Queens ' College , Cambridge

☆ The U.S. economy is much more resilient than people are willing to acknowledge: Mohamed El-Erian
▼ + stars: | 2023-06-30 | 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 EmailThe U.S. economy is much more resilient than people are willing to acknowledge: Mohamed El-ErianMohamed El-Erian, Allianz chief economic advisor and president of Queens' College, Cambridge, joins 'Squawk Box' to discuss the Fed's rate hike campaign its impact on the U.S. economy, China's economic recovery, and more.

Persons: Mohamed El, Erian Mohamed El Organizations: Erian, Allianz, Queens ' College , Cambridge Locations: U.S

☆ Alexandria building collapse: Child among four killed
▼ + stars: | 2023-06-27 | by ( Kareem El Damanhoury | ) edition.cnn.com time to read: +2 min

CNN —At least four people, including a child, have died and four others were injured after a building collapsed in the Egyptian city of Alexandria on Monday, state newspaper Al-Ahram reported. Three victims of the collapse have been identified. So, I walked a few steps forward to find the ceiling falling along with them [my mother and brother]. I was facing the sky and they were down.”Workers put out a small fire after Monday's collapse, a live stream showed. About 7,000 old, inhabited buildings in Alexandria are at risk of collapse, Al-Ahram reported, citing a member of Egypt’s House of Representatives.

Persons: Ahram, Abdullah Mahfouz, Mostafa Othman, Hamdy El, Mohamed El Sherif, Mohamed Ahmed, “, ” Organizations: CNN, Al, Getty, ” Workers, Hazem, Egypt’s Locations: Egyptian, Alexandria, Al, Xinhua, Hazem Gouda, AFP

☆ Powell's message to markets was 'confused and confusing': Allianz's Mohamed El-Erian
▼ + stars: | 2023-06-20 | 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 EmailPowell's message to markets was 'confused and confusing': Allianz's Mohamed El-ErianMohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, Cambridge, joins 'Squawk Box' to discuss his problem with Jerome Powell's message to the markets, the Federal Reserve's data dependence, and more.

Persons: Allianz's Mohamed El, Erian Mohamed El, Jerome Powell's Organizations: Erian, Allianz, Gramercy, Queens ' College , Cambridge

☆ With scores missing from shipwreck, family members flock to Greek migrant camp
▼ + stars: | 2023-06-19 | by ( Karolina Tagaris | ) www.reuters.com time to read: +3 min

Relatives have been turning up outside the Malakasa migrant facility since survivors were brought here on Friday, showing photos of the missing through the camp gates, in the hopes someone might recognize them. The vessel is thought to have set off with passengers from the Libyan coastal city of Tobruk on June 10. At Malakasa, Mohammad sprinted into his brother's open arms as they both sobbed, holding each other for several moments. "My uncle was with me on the same boat, the boat that capsized. In Pakistan, 14 people were arrested in connection with the alleged trafficking of several of the victims, police there said.

Persons: Atia Al Said, Mohamed El Sayed, Radwan, Stelios, Read, Mohammad Hadhoud, Fadi, Mohammad, Karolina Tagaris, Frank Jack Daniel Our Organizations: REUTERS, Amnesty International, Reuters, Thomson Locations: Greece, Malakasa, Athens, Germany, Tobruk, Egypt, Syria, Pakistan, Kalamata

☆ The Fed just held interest rates and signaled future hikes at the same time – a move that baffled many. Here's how Larry Summers, Mohamed El-Erian, and others have reacted.
▼ + stars: | 2023-06-17 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +6 min

The Fed pressed pause on its interest-rate increases this month after boosting borrowing costs 10 times since early 2022. The move spurred a wave of commentary given the central bank at once held rates and signaled more hikes. "It seems like the unanimity of opinion that we need more rate hikes has been clear, but the path of rate hikes is all over the place," he added. "It was what I would call, an awkward but hawkish pause," he added. Peter Schiff, chief global strategist at Euro Pacific Capital"Don't believe the hype on the Fed's hawkish pause on rates.

Persons: Larry Summers, Mohamed El, David Rosenberg, Jeff Gundlach, —, Jerome Powell, Summers, Erian, Tom, Dick, Harry, " Rosenberg, Gundlach, Steve Forbes, Forbes, Don't, Richard Clarida, they've, they're, Clarida, Whitney Watson, Watson, Peter Schiff, Schiff Organizations: Fed, Service, Federal Reserve, Bloomberg, Erian, Allianz, CNBC, Federal, Global, Goldman Sachs, Euro

☆ Mohamed El-Erian says Fed communication is seen as 'confused and confusing' after it held rates and signaled hikes at the same time
▼ + stars: | 2023-06-16 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Mohamed El-Erian said the Federal Reserve's latest policy communication was seen as "confused and confusing." The Fed left interest rates unchanged at its Wednesday meeting, but signaled future increases. In a tweet on Thursday, the top economist said the central bank's policy communication this week was seen as "confused and confusing," and shared tweets echoing a similar sentiment from journalists and experts including economist David Rosenberg. "A sample from quite a set of reactions to what is seen as confused and confusing Fed communication," El-Erian said in the tweet, accompanied by three critical observations the Fed from market commentators including Rosenberg. The Fed has been on an aggressive path to cool inflation over the past year, hiking interest rates by 500 basis points to a range between 5%-5.25%.

Persons: Mohamed El, Erian, —, David Rosenberg, Jerome Powell, Rosenberg, Powell, Summers Organizations: Federal, Service, Rosenberg Research, Bloomberg

☆ It's Fed Day. Here's what markets are eyeing as Powell gets ready to speak.
▼ + stars: | 2023-06-14 | by ( Max Adams | ) www.businessinsider.com time to read: +5 min

The Federal Reserve is set to announce a critical policy decision today — hike (possibly), pause (likely), or cut (probably not). The Fed has made 10 consecutive rate hikes leading up to today, making for one of its most aggressive tightening campaigns ever. Tuesday's cooler-than-expected inflation data is still double the Fed's 2% target, which suggests there could be more hawkishness ahead. Meanwhile, Wharton professor Jeremy Siegel suggested in a separate note that the Fed may actually be done with policy tightening altogether. He explained that, since he doesn't see a recession, the stock market could actually rally higher across all sectors because of investor FOMO.

Persons: Jerome Powell, David Bahnsen, Mohamed El, —, Christopher Waller, Wharton, Jeremy Siegel, Powell, Goldman Sachs, David Solomon, Tom Lee, FOMO, Read, Warren Buffett's, they're, Qatar's Sheikh Jassim, Jim Ratcliffe, Max Adams, Hallam Bullock, Nathan Rennolds Organizations: Federal, Reuters, Bahnsen, Reserve, Spar Group, Capital Economics, Berkshire Hathaway, Manchester United Locations: New York, London

☆ Oil prices jump as China looks to kickstart its economy while Wall Street eyes Fed pause
▼ + stars: | 2023-06-13 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

Oil prices climbed Tuesday as China tries to boost growth amid a disappointing post-COVID rebound. The People's Bank of China unexpectedly trimmed its short-term lending rate. US inflation data also raised hopes on Wall Street for a pause in Fed rate hikes. The People's Bank of China unexpectedly trimmed its short-term lending rate and deposited 2 billion yuan into the banking system, which suggests policymakers' growing urgency to stoke the economy. China's policy loosening comes as fresh inflation data in the US raised hopes on Wall Street that the Federal Reserve will pause its rate hikes.

Persons: —, Brent, Mohamed El Organizations: People's Bank of, Service, Texas Intermediate, Federal, Traders, Financial Times Locations: China, People's Bank of China, stoke, Mohamed

☆ 5 trillion-dollar companies — including Nvidia, Apple, and Amazon — have been behind most of the S&P 500's 10% gains this year
▼ + stars: | 2023-05-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Collectively, the five companies have raised their market cap by about $2.9 trillion in 2023 — contributing 96% of the almost $3 trillion gains in the S&P 500's market value this year, Fortune reported on Wednesday. Read further to know the five bigwigs' market capitalization — or marcap — gains this year, in descending order:1. Apple: $718 billion in marcap gainsThe world's largest company by market cap, Apple shares ended 2022 at $129.93 apiece. On Tuesday, the chipmaker's market cap briefly hit the coveted $1 trillion mark for the first time. This takes Amazon's market cap to $1.25 trillion — up from $857 billion at the end of 2022.

Persons: Fortune, Insider's Zahra Tayeb, Mohamed El, Read, Tim Cook, Cook, CNBC's Steve Kovach, Bing, Jensen Huang, Huang, Sundar Pichai, Pichai, Andy Jassy Organizations: Apple, Microsoft, Nvidia, Nasdaq, Allianz, Big Tech, CNBC, Wall, OpenAI, Bloomberg, Amazon Locations: California, Nvidia's

☆ Sudanese army suspends ceasefire talks
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +5 min

The RSF said in a statement late on Tuesday it was committed to the ceasefire "despite repeated violations" by the army. CHALLENGING NEGOTIATIONSCommenting on the Sudanese army's withdrawal from the Jeddah talks, Mohamed El Hacen Lebatt, African Union spokesperson on the crisis in Sudan, said: "It is not surprising. We hope the mediator will succeed to bring both parties for working on an expected ceasefire." Before the ceasefire deal was renewed, an army source said the army had demanded the RSF withdraw from civilian homes and hospitals as a condition for an extension. After the five-day extension was agreed, talks continued on the truce terms.

Persons: Abdel Fattah al, Burhan, Mohamed Hamdan Dagalo, Mohamed Nureldin Abdallah, Hemedti's, Dagalo, Mohamed El Hacen, Hemedti, Omar al, Bashir, Khalid Abdelaziz, Nafisa Eltahir, Dawit, Michael Georgy, Edmund Blair, Mark Heinrich, Grant McCool Organizations: Rapid Support Forces, Nations, REUTERS, Union, United Nations, Thomson Locations: Khartoum, KHARTOUM, Saudi, Jeddah, Khartoum's Mogran, Omdurman, Bahri, Sudan, au, Saudi Arabia, United States, Darfur, Sudan's, Port Sudan, Dubai, Nafisa, Cairo, Addis Ababa

☆ Investors are losing hope for a Fed pause and bracing for another interest-rate hike instead. Here's what 8 experts have predicted.
▼ + stars: | 2023-05-31 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +6 min

Investors are losing hope that the Federal Reserve will pause its interest-rate hikes in June. For example, several market experts have warned the commercial real estate industry is at risk if the Fed keeps raising borrowing costs. "But I do think it's possible they're going to raise a little more. Ed Yardeni, market veteran"The market has been remarkably resilient, mostly because the economy has been remarkably resilient," Yardeni said in a CNBC interview. "So I think they're where they want to be – and I think they're going to keep it here."

Persons: They're, —, Mohamed El, David Solomon, Goldman Sachs, Solomon, It's, Jamie Dimon, Dimon, Ed Yardeni, Yardeni, Doom, Roubini, Mark Zandi, Zandi, Mark Nash, Nash Organizations: Federal, Service, Bank, Signature Bank, First Republic, Fed, Erian, Allianz, CNBC's, JPMorgan, CNBC, Bloomberg, NYU Stern, Jupiter Asset Management

☆ The best response to a debt issue is economic growth, says Allianz's Mohamed El-Erian
▼ + stars: | 2023-05-30 | 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 EmailThe best response to a debt issue is economic growth, says Allianz's Mohamed El-ErianMohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, Cambridge, joins 'Squawk Box' to discuss the latest on debt ceiling deal, the Fed's rate hike campaign, and more.

Persons: Allianz's Mohamed El, Erian Mohamed El Organizations: Erian, Allianz, Gramercy, Queens ' College , Cambridge

☆ The Fed could 'crush' the US economy by pursing its inflation target too quickly, Mohamed El-Erian warns
▼ + stars: | 2023-05-22 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +2 min

Mohamed El-Erian warned the Fed could crush the US economy by trying to quickly cut inflation to 2%. While inflation has cooled, it still stood at almost 5% in April. The Federal Reserve could crush the US economy if it fights to bring inflation down quickly to its target of 2%, according to top economist Mohamed El-Erian. He tweeted on Saturday that "getting to 2% quickly would risk unnecessarily crushing the economy" but added the "credibility-damaged Fed" would struggle to adopt an alternative target. He said the Fed "steadfastly pursuing" the target was "inappropriate for a world of deficient aggregate supply."

☆ Mohamed El-Erian says the discord between Fed signals and investors' interest-rate expectations could ignite market turbulence
▼ + stars: | 2023-05-18 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +2 min

The persistent discord between the Fed's policy signals and investors' interest-rate expectations is unusual and unsettling, Mohamed El-Erian said. It could lead to a surge in market volatility or end up eroding the central bank's credibility, the top economist said on Twitter. Money-market prices reflect expectations for lower borrowing costs by year-end, but the Fed hasn't signaled any rate cuts. The Fed has been persistent in its war against inflation, and raised interest rates for the 10th time in a row this month. "It is also unsettling as its resolution will involve either a bout of market volatility or further erosion of Fed credibility," he added.

☆ Will The U.S. Economy Pull Off a 'Soft Landing'? - The New York Times
▼ + stars: | 2023-05-18 | by ( Paul Krugman | ) www.nytimes.com time to read: +22 min

Will The U.S. Economy Pull Off a ‘Soft Landing’? The soft, the hard and the grayThere isn’t any standard definition of an economic soft landing. But what’s an acceptable inflation rate? On the other side, policymakers used to believe that an unemployment rate below 4 percent was basically unattainable without runaway inflation. Unless we have a really, really hard landing, the overall story of the postpandemic economy will be one of remarkable resilience.

☆ Mohamed El-Erian says the debt-cap deadlock threatens Americans' economic well-being and the US's international reputation
▼ + stars: | 2023-05-17 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

Mohamed El-Erian said the US debt-ceiling deadlock threatens more than Americans' economic well-being. "It also risks undermining further the country's international reputation for sound economic management," he said in a tweet. Lawmakers have been sparring over the debt ceiling for months, despite the risk that the government could run out of money. Top economist Mohamed El-Erian has weighed in on the impasse, which has already prompted several experts to warn of the serious economic and financial risks it poses. El-Erian previously noted that the US debt ceiling is one of four factors that will determine the future of the global economy, along with the Federal Reserve's efforts to reduce high inflation.

☆ Dow surges 400 points as Biden and lawmakers inch closer to a debt ceiling deal
▼ + stars: | 2023-05-17 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

US stocks jumped Wednesday as lawmakers made progress on debt ceiling negotiations. President Biden and members of Congress are getting closer on a deal after weeks of deadlock. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. "I'm confident we'll get the agreement on the budget, that America will not default on its debt," Biden said on Wednesday morning. While an actual default was widely thought to be unlikely, the possibility of such a scenario has weighed on markets in recent weeks.

☆ Mohamed El-Erian says regional banks are in a 'hospital' phase of turmoil, but a Fed policy mistake will drive them 'back into the ICU'
▼ + stars: | 2023-05-16 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

The regional banking crisis has shifted out a severe stage, economist Mohamed El-Erian told Bloomberg on Tuesday. But another Fed policy mistake could drive small to mid-sized lenders "back into the ICU." If there's another [Fed] policy mistake, the patient goes back into the ICU," said the chief economic adviser at Allianz. Depositors have yanked hundreds of billions of dollars out of regional lenders collectively this year, including PacWest and First Republic Bank. What would another policy mistake look like to El-Erian?

☆ Mohamed El-Erian says the US is in the second stage of the banking turmoil – and lists 4 ways to avoid a 'significantly damaging' third phase.
▼ + stars: | 2023-05-10 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

Mohamed El-Erian said conditions in the US banking sector have stabilized, but more can be done to prevent further damage. The Allianz economic adviser listed four ways the US can avoid a "damaging" third phase of banking tumult. Indeed, it must if we are to avoid a third phase entailing considerably more financial and economic damage," El-Erian, president of Queen's College, Cambridge University, said. "This second phase can also be contained. "Doing so is necessary if the US is to avoid a third, and significantly more damaging, phase of the banking turmoil," El-Erian said.

☆ Banking turmoil is far from over. Bill Ackman, Jeffrey Gundlach, and Mohamed El-Erian have renewed their warnings about unresolved risks.
▼ + stars: | 2023-05-06 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +4 min

Bill Ackman, Jeffrey Gundlach, Mohamed El-Erian and others are warning the banking turmoil is far from over. That's prompting top economists and investors to once again warn that the banking turmoil is far from over. Below is a selection of the most recent warnings on US banking risks from high-profile investors, analysts and other experts. Bill Ackman, billionaire investor"The FDIC's failure to update and expand its insurance regime has hammered more nails in the coffin," Ackman said Wednesday on Twitter. He was raising doubts about Federal Reserve chair Jerome Powell's suggestion during a Wednesday press conference that the worst of the banking turmoil is over.

☆ Bitcoin could rally 40% by the end of the year, according to a top blockchain founder
▼ + stars: | 2023-05-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

A pile of Bitcoin slugs sit in a box ready to be minted on April 26, 2013 in Sandy, Utah. And bitcoin is front-running this scenario, pointing to a future that is effectively a return to relatively low rates. A big reason why bitcoin has performed so well was that it was just really oversold during the collapse of FTX. In such a scenario, all assets would have a correlation of one with each other, including bitcoin and even gold. Big gold buyers like HSBC and JPMorgan have shunned business with Moscow — leaving billions of dollars worth of gold in need of new landing spots.

☆ Banking 'cancer' may be spreading as otherwise healthy firms seem vulnerable and credit gets pulled from the economy, Mohamed El-Erian says
▼ + stars: | 2023-05-05 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Banking sector "cancer" is starting to spread, Mohamed El-Erian said. Other regional lenders have shown signs of weakness after First Republic Bank failed this week. Widespread contagion would turn the banking situation into a true crisis, El-Erian warned. "The cancer within them is starting to spread, and we've got to keep an eye on that," he added. Credit conditions are also beginning to tighten, and the risks of further contraction go up as banking contagion spreads.

Search resuls for: "Mohamed el"

25 mentions found