News > Capital Markets

U.S. Core Inflation Increases Due to Metals Costs, Tariffs
U.S. consumer prices rose more than expected in July, reinforcing our view that the Fed will continue its gradual pace of interest rate hikes, at least for now. July’s U.S. CPI (Consumer Price Index) report showed core inflation accelerated to a 2.4% annual rate, up from 2.3% in June, as businesses may have started to pass on rising costs of
ESG Integration and Engagement: South Africa Sovereign Credit
Environmental, social and governance (ESG) indicators are integral to PIMCO’s sovereign credit assessments, which inform our investment decisions. But how exactly do we incorporate ESG considerations into our decisions? In addition to rigorous analysis of ESG and other risk factors, in-country engagement is key for us to gain a holistic sense of broader developments, pinpoint country-specific risks, share in active
EM Stocks in the Time of Trade Tantrums
Capital Markets
Trade war’s becoming a bigger source of concern amongst investors, particularly in emerging markets, because a lot of those economies are very trade dependent. But there’s a difference between the first-order effects, the categories that are actually under trade restriction or trade tariffs now, and what might be happening in future. China exports 2 trillion dollars’ worth of goods every
Emerging Markets—No Reward Without Risk
Capital Markets
Executive Summary Emerging equities are more volatile than developed market equities. This owes little to the volatility of emerging stock markets in local terms and much more to the strong positive correlation between their local stock markets and movements in their currencies. The spring of 2018 was a classic example of this, with US dollar strength driving significant emerging weakness.
Tesla Shares Temporarily Halted After Elon Musk Suggests He May Take Company Private
Capital Markets
You may not have Elon Musk to kick around anymore. Tesla's shares were temporarily suspended at $367 on Tuesday just after 2 PM in New York after the Tesla founder and CEO stunned investors by suggesting in a tweet that he may actually take the struggling company private. "Am considering taking Tesla private at $420," Musk tweeted. "Funding secured." https://twitter.com/elonmusk/status/1026894228541071360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1026894228541071360&ref_url=https%3A%2F%2Fwww.wsj.com%2Farticles%2Felon-musks-twitter-account-am-considering-taking-tesla-private-at-420-1533661152
Hong Kong-Based Travel Booking Startup Just Raised $200M For Major U.S. and European Expansion
Klook, a Hong Kong-based travel booking platform announced that it has closed US$200 million in Series D funding, giving it $300 million in total financing and reportedly securing its place on the list of global unicorns. The funding round was led by Sequoia China, Matrix Partners, Goldman Sachs, Boyu Capital and TCV, an Asia-based sovereign wealth fund. Other investors include
The End of the FANG Era? Gene Munster Makes the Case
Capital Markets
FANG investors may want to consider a portfolio shuffle, as the acronym used to describe Facebook, Inc. (NASDAQ: FB), Amazon.com, Inc. (NASDAQ: AMZN), Apple Inc. (NASDAQ: AAPL) Netflix, Inc. (NASDAQ: NFLX), and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) will undergo a divergence over the next year, according to Gene Munster. The Analyst Loup Ventures' Munster, a research analyst turned venture
No Such Thing: San Francisco Seeks to End Free Lunches for Tech Employees
Capital Markets
One of the tech industry's most popular employee perks could be coming to an end: Two city officials in San Francisco have proposed banning companies from moving into new office space in the city and offering their employees free lunches, as CNBC reports. The proposal, from Ahsha Safaí and Aaron Peskin, two San Francisco supervisors, is an effort to get
Report: Facebook Has Asked Large U.S. Banks to Share Customer Data Since it Has Done So Well Protecting Data in the Past
Capital Markets
Fool me once, shame on you; fool me twice, shame on any bank willing to turn over customer data to Facebook. Despite still dealing with the fallout from the Cambridge Analytica scandal - in which about 87-million Facebook users had their data improperly shared with the voter-profiling company - the social media giant has asked some of the biggest U.S.
Barclays: The Market Believes AMD is Gaining On Intel
Capital Markets
Barclays raised its price target on Advanced Micro Devices, Inc. (NASDAQ: AMD) Monday while simultaneously downgrading competitor ;Intel Corp. (NASDAQ: INTC) from Overweight to Equal Weight. The Analyst Analyst Blayne Curtis maintained an Underweight rating on AMD and lifted the price target from $9 to $15. The Thesis Barclays has made no material changes to its AMD estimates, but its