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Paul Dykewicz

Gross’s Mistake on Fed Taper Ripples Across Pimco Funds

Money manager Bill Gross, also known as “The Bond King,” misjudged the timing and impact of the Federal Reserve’s plan to scale back its asset purchases in 2013, spurring the Pimco Total Return Fund’s (PTTRX) biggest decline in almost two decades.

Jobless Claims in U.S. Fall to Lowest Level in a Month

Applications for U.S. unemployment benefits dipped last week to the lowest level in a month as typical volatility during the year-end holidays waned.

Merkel Says Balanced Budget, Energy Will Take Priority in Her Third Term

German Chancellor Angela Merkel said eliminating the budget deficit and completing the country’s transformation from coal and nuclear energy to renewables are key priorities for her third four-year term.

Shrinking Inventory Helps Boost Home Prices in Many U.S. Cities

A dwindling inventory of foreclosed properties has helped restrict the supply of homes for sale, pushing up prices despite pricing mortgage rates.

Wall Street Ends Mostly Flat in Thin Trading

Stocks closed mostly flat on Monday following a two-week rally, with weaker-than-forecast housing data and light trading volume holding back upward momentum.

Crocs to Receive $200 Million from Blackstone, CEO to Retire

Crocs Inc (CROX.O) announced today that Blackstone Group LP (BX.N) is making a $200 million investment that will give the private equity firm a 13 percent stake in the shoe company.