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The chances that the U.S. will achieve genuine growth right now are 50-50, Mohammad El-Erian, chief executive of Pimco, said Monday. Speaking at the Milken Global Conference here, El-Erian said the key is that the Fed eventually needs to let markets work on their own without government assistance. Further, concerns remain that resources are being misallocated and that there are market bubbles forming, he said. "The excitement in the marketplace is being accompanied by anxiety," El-Erian said.Copyright © 2013 MarketWatch, Inc....
On Friday, gold ( NYSEARCA:GLD ) futures for August delivery spiked $57.90 to settle at $1,622.10 per ounce, while silver ( NYSEARCA:SLV ) futures gained 76 cents to...
The debt crisis and central bank policy responses have degraded the quality and value of debt markets and signal a "potential breaking point" in the global economy, ...
Pimco is no longer buying Greek and Portuguese bonds but is buying and holding Italian and Spanish sovereign debt, Chief Executive Mohamed El-Erian tells German week...
NEW YORK (Reuters) - The Federal Reserve on Wednesday dialed up its aid to the beleaguered U.S. economy, launching an effort to put more downward pressure on long-te...
FRANKFURT (Reuters) - German insurer Allianz <ALVG.DE> has separated Pacific Investment Management (PIMCO) from its other asset management business to prepare it for...
An eleventh-hour deal to raise the U.S. debt ceiling may have postponed an embarrassing default by the U.S. government, but it does little to remove the threat of an...
The U.S. avoided a fiscal crisis with an eleventh hour debt ceiling deal, and the markets are recovering from its fainting spell that the U.S. might default for the ...
Rob Kaplan was 48 years old when he decided to retire as vice chairman of Goldman Sachs Group Inc. (NYSE:GS).The year was 2006, a mortgage-fueled U.S. economy revved...
By Steven C. Johnson and Richard LeongNEW YORK (Reuters) - Global financial markets have been more than patient throughout this summer's struggle over raising the U....
U.S. House Speaker John Boehner broke off talks with President Barack Obama on Friday on a deficit-reduction deal to prevent a devastating default, derailing efforts...
NEW YORK (Reuters) - Mohamed El-Erian, co-chief investment officer of Pimco, on Thursday put low odds on a third round of U.S. monetary stimulus unless there is a "m...
WASHINGTON (Reuters) - Greece's sovereign debt restructuring is inevitable, PIMCO co-chief investment officer Mohamed El-Erian said on Sunday, warning the nation's p...
The plunge in the gold price in the past week may have raised a big red flag over the global economy.Some top investors say the gold sell-off, and the broader declin...
American employers hired at the slowest pace in nine months in March, a sign that Washington's austerity drive could be stealing momentum from the economy.The econom...
World markets have reacted calmly to the twists and turns of Cyprus's financial rescue in the last fortnight but many investors fear the economic fallout is yet to c...
The head of PIMCO's mortgage credit portfolio management team said the firm is targeting direct commercial real estate investments and non-securitized loans, which c...
A former junk bond portfolio manager at PIMCO, the $2 trillion money management firm, claimed he was fired last year in retaliation for reporting financial misconduc...
Considering the strong start to the year for equities, Ben Bernanke's smile must be getting as big as the Federal Reserve's balance sheet. The Fed Chairman is on rec...
Shares of the Market Vectors Egypt ETF (NYSE:EGPT), the lone ETF devoted exclusively to the North African nation, surged nearly two percent today on volume more than...
