gundlach

As world markets drop, Fed officials try to shake it off

SOMERSET, N.J./SAN FRANCISCO (Reuters) – As U.S. stock indexes dropped in volatile trading and oil crashed below $30 a barrel on Friday, Federal Reserve officials stuck to a well-worn script: day-to-day financial market swings do not drive monetary policy. At the same time…

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As world markets drop, Fed officials try to shake it off

gundlach

China’s economy grew by around 7 percent in 2015, services made up half of GDP – Premier

China's gross domestic product (GDP) totaled more than $10 trillion in 2015 and the economy grew by around 7 percent, with the services sector accounting for half of GDP, Premier Li

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China’s economy grew by around 7 percent in 2015, services made up half of GDP – Premier

gundlach

Citigroup, Wells Fargo gird for loan losses as oil price dives

Wells Fargo & Co raised provisions against soured assets by more than 70 percent, nearly half of them for oil and gas loans, to ensure it is covered should prices stay at current levels for the rest of the year. The San Francisco-based bank, a major lender to the U.S. energy industry, said it and other banks were talking to borrowers, including production companies and oil services firms, about how to navigate the crunch. Citigroup Inc set aside $250 million to cover losses related to its energy portfolio …

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Citigroup, Wells Fargo gird for loan losses as oil price dives

gundlach

Bond King musical chairs: Gundlach replaces Gross on Barron’s Roundtable

By Jennifer Ablan NEW YORK (Reuters) – In recent years, bond investor Jeffrey Gundlach has been outperforming his rival Bill Gross. Now, Gundlach has replaced Gross on a high-profile investor panel. Weekly financial magazine Barron's said on Saturday that Gross decided to quit its Barron's Roundtable.

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Bond King musical chairs: Gundlach replaces Gross on Barron’s Roundtable