S&P 500 Erases 2015 Loss, Bonds Rally on ECB Stimulus; Oil Drops
The S&P capped its fourth straight gain amid the ECB's stimulus news and strong bank and transportation earnings.
Sallie Krawcheck Misses Wall St., Warns Volatility Will Hurt Banks
“I'm a recovering research analyst, so I am a skeptic of everything,” Krawcheck said.
El-Erian Talks Jobs, Particularly Bill Gross’
Mohamed El-Erian, former PIMCO CEO, was surprised to hear the news of Gross’ departure.
PIMCO’s Gross Slams Draghi, Says Jeremy Siegel Belongs in ‘Ivory Tower’
The co-CIO of PIMCO said Draghi should have offered concrete policy steps at Thursday’s ECB policy meeting.
PIMCO’s Gross, El-Erian on Sour Economic News: Avoid Europe, Leaders Losing Control
PIMCO’s leaders reacted to the dour economic news of the past few days, highlighted by the third straight disappointing jobs report on Friday.
PIMCO’s Gross, El-Erian Pessimistic on Jobs, Economy
After the Commerce Dept. released a report on the economy's sluggish 2.2% growth in Q1, PIMCO’s leaders share their concerns over outlook for remainder of the year.
Birinyi Bullish, Sees S&P at 1,700
Laszlo Birinyi called the market bottom in March 2009 and he still likes what he sees three years on. Despite the stock market’s largest decline this year earlier in the week, he’s bullish on U.S. equities.
John Bogle on Taxes: Praise for Obama; Raise Capital Gains
Often at odds with the modern fund industry he helped create, Bogle’s comments ran counter to vehement opposition from investment managers and trade organizations over raising taxes on dividends and capital gains.
Buffett Slams Romney for ‘Shoving Around Money’
Warren Buffett and Rep. Scott Rigell, R-Va., spoke with Bloomberg Television's Betty Liu in Omaha, Neb., during their first in-person meeting following Rigell's pledge to give 15% of his salary to help pay down the national debt.
PIMCO’s El-Erian: ECB Waiting for IMF, Governments to 'Step Up'
PIMCO CEO and co-CIO Mohamed El-Erian spoke to Bloomberg Television's Betty Liu on a wide range of topics Thursday that included Europe's crisis and the fact that the ECB is waiting for governments and the IMF to 'step up' before taking further action.