‘The Bond King’ author retells the rise and fall of Bill Gross

Nicknamed “the Bond King” by Fortune Magazine in 2002, Pacific Investment Management Company (PIMCO) founder Bill Gross made both a name and a very profitable empire managing bond funds. At the height of his career, Gross earned over $300 million in net returns and had accumulated almost $500 billion in assets. Then it all came tumbling down. Gross stepped down from PIMCO following a widely-publicized internal conflict between him and fellow chief executive Mohamed A. El-Erian. More… Source link

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FOMC preview: The tightening begins this week – Yahoo Finance

On Wednesday the Federal Reserve will likely take the first steps in paring back its stimulus — by raising interest rates for the first time since the global pandemic began. High inflation makes it a near certainty that the central bank will move to “tighten” its policies of printing money, by raising the target federal funds rate (the benchmark for short-term interest rates) by 0.25%. The uncertainty for Fed policy lies in how aggressive the central bank will move after the first… Source link

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Ford to sell Explorer SUVs missing rear climate controls due to chip crunch

Ford (F) is taking an unusual approach to battle the ongoing semiconductor crunch afflicting global automakers — doing without them, for the time being. “We are working as hard as we can and offering ways for our customers to get their vehicles sooner during the global semiconductor shortage … Beginning soon, we will offer customers a way to get their Explorer more quickly, too, thanks to a specification change that will keep rear seat heating/air conditioning auxiliary controls up… Source link

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Fallout from Ukraine invasion could last for years

WASHINGTON — When he invaded Ukraine, Vladimir Putin almost certainly expected a quick, decisive conquest that would restore the Kremlin’s influence in Eastern Europe and burnish his own status as a Russian leader on par with Peter and Catherine the Great. Weeks later, Russia is a hobbled pariah, while the dogged Ukrainian resistance — led by charismatic President Volodymyr Zelensky — has attained admiration in much of the world. There is little doubt that the Russian army has the… Source link

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Fernando Tatis Jr.’s wrist injury alters fantasy draft value

Awful news broke Monday that Fernando Tatis Jr. fractured his wrist during the offseason and is likely to undergo surgery that will cost him up to three months. Tatis was going No. 1 overall in Yahoo fantasy drafts, but that honor now falls to Trea Turner. Tatis already had an ongoing shoulder concern and reportedly injured his wrist earlier in the offseason, which flared up again when he began to swing a few weeks back. Unfortunately for fantasy managers, MLB players and owners were not… Source link

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3 reasons to buy stocks during weakness in markets: JPMorgan

There are a couple reasons why investors should use the weakness in markets as a good buying opportunity even in front of notable risks like the Federal Reserve raising interest rates to fight inflation and the ongoing Russia-Ukraine war, argues strategists at JPMorgan. “Despite the current tumultuous conditions, we believe a lot of risk is already priced in, sentiment is depressed and investor positioning is low, so we would add to risk with a medium-term horizon. We would advise against… Source link

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Google Performance Max campaigns: What marketers should know

More and more marketers are turning to Performance Max, Google’s goal-based ad campaign format that helps target customers that are most likely to convert. Its automation capabilities have made it an inviting option for those looking to enhance their search campaigns. “It’s a new goal-based campaign that aims to increase online sales, generate more leads and drive more store visits to physical business locations,” said Rodney Ip, global product lead of Google Ads,… Source link

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Older Americans head back to the workforce amid inflation and volatile stocks

A growing number of retirees are heading back to work. In February, 3% of retired workers made the decision to return to work, marking the highest percentage to date during the pandemic and a continuation of a trend that started in the spring of last year, Nick Bunker, the director of economic research at Indeed Hiring Lab, told Yahoo Money. Strong demand for workers and COVID vaccinations initially helped to fuel the return, Bunker said. “Even more retirees could come off the… Source link

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U.S. stocks are ‘on sale right now:’ strategist

Amid a turbulent market environment characterized by surging inflation and geopolitical risks, the broader pullback in markets has left investors with plenty of uncertainty, with the Federal Reserve expected to announce rate hikes this week. According to John Hancock Investment Management Co-Chief Investment Strategist Emily Roland, U.S. stocks may currently be cheaper than they appear. “Higher gas prices are certainly going to take a bite out of the consumer. But the consumer is coming… Source link

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‘You cannot stop the flow of our medicine to Russia’: Pfizer CEO Albert Bourla

Pfizer (PFE) announced it is halting new clinical trials in Russia and donating revenue from Russia to the Ukrainian cause, joining other big pharmaceutical companies. “Today we are announcing that effective immediately Pfizer will donate all profits of our Russian subsidiary to causes that provide direct humanitarian support to the people of Ukraine,” a company statement said. “Our medicines are medicines, not like [an] iPhone Pro, for example, or the new Mac,” Pfizer CEO Albert Bourla told… Source link

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