Old Normal Returns as PIMCO Sees ‘New Destination’ for U.S. Growth
PIMCO’s Bill Gross sees a good year ahead. The bond firm's new leaders say stagnation is not the new norm, and a passle of economists agree.
Sales of Existing U.S. Homes Fall for Third Straight Month
Sales of previously owned homes fell in March for the third consecutive month as rising prices and cold weather discouraged would-be buyers.
Bill Gross’ Wild Ride: PIMCO Total Return Fund Bottom of Bloomberg Ranking
The PIMCO Total Return Fund notched the worst risk-adjusted returns among 16 similar funds ranked by Bloomberg.
SEC Enforcement: ‘Trader’ Bilks Elderly Investors to Pay Mortgage
Other recent targets of SEC actions were an oil services company fined for bribing foreign officials and a penny-stock financier.
U.S. Real Estate Looking Up but Emerging Markets Rising Even Higher: Cohen & Steers
"Emerging markets not only make up a larger percentage of global GDP than a few years ago, but they have grown faster than developed markets," says Cohen & Steers' Jason Yablon.
U.S. Economy Shrinks 0.1% in Q4, First Time Since 2009
The Commerce Department said the economy shrank at an annual rate of 0.1% mainly because companies restocked at a slower rate and the government slashed defense spending.
Broad Housing Recovery Appears Under Way: Zillow Economist
As Americans gather in their homes for the Thanksgiving holiday, recovering from their various labors, many can give extra thanks for what seems like fresh evidence of a recovery of their home’s value...
Greenspan: ‘Markets Will Crater’ With Fiscal Cliff
Former Fed chairman says moderate recession is ‘cheap price’ of coming crisis.
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.
GDP Grew 2.2% in Q1: Commerce Department
The GDP result, while showing slower growth than last quarter, suggests that the economy will continue to expand, slowly but steadily.