Allianz

Mohamed El-Erian, the chief economic adviser at Allianz, has advised the Federal Reserve to postpone a rate cut until September. He also emphasized the significance of the upcoming Jackson Hole symposium for Fed Chair Jerome Powell to regain control of the narrative. What Happened: El-Erian, in a...

Allianz chief economic adviser and noted economist Mohamed El-Erian has expressed his skepticism on some of the high-conviction calls that state a recession in the U.S. is likely to be short. He noted that it was important to keep an open mind on the possible recession...

U.S. bond markets rallied on Wednesday, with the yield on the 10-year benchmark Treasuries falling close to 4%, as expectations regarding a less aggressive Federal Reserve began growing. The greenback, too, lost steam as the dollar index fell below the 110 mark. However, Allianz...

A new survey by Allianz Life Insurance Company of North America suggests a majority of Americans approaching retirement age are expecting to work beyond their traditional retirement age. Working Beyond Retirement Age: According to Allianz's 2022 Retirement Risk Readiness Study, 59% of Americans...

Benzinga will be holding its annual Benzinga Global Fintech Awards, a day of dealmaking, networking, and recognition in the financial technology space, on Nov. 10, 2020. In recognition of those disruptive innovators creating positive and diverse change within the financial services space...

HSBC Holdings plc (NYSE: HSBC) shares dropped more than 6% on Monday following reports the bank was involved in large-scale money laundering over a period of nearly two decades. Investors in HSBC and the other banks mentioned in the reports are now trying to figure out exactly what the...

On Sunday, the Federal Reserve issued its second emergency interest rate cut of March, slashing its fed funds target range by 1% to between 0% and 0.25%. In addition to the rate cut, the Fed announced a new $700 billion quantitative easing program. On Monday morning, the Federal Reserve said it...

The stock market could drop as much as 30% from the record highs reached earlier this year before bottoming out, the chief economic advisor at Allianz, said Monday.  The economist, Mohamed El-Erian, also said on CNBC's "Sqawk Box" that most retail investors should stay...

Negative-yielding sovereign debt levels now exceed $15 trillion, and negative-yielding corporate debt is now greater than $1 trillion around the world. With the Federal Reserve cutting interest rates for the second time this year, investors are growing increasingly concerned that U.S. interest...

For the second straight morning, U.S. investors concerned about an imminent recession received data suggesting the economy is stronger than expected. The S&P 500 traded higher on Friday morning after the U.S. jobs market bounced back from a relatively weak November reading and exceeded...

Bitcoin, Ethereum and other cryptocurrencies have been some of the hottest investments in the world in recent years. This year alone, the Bitcoin Investment Trust (OTC: GBTC) is up more than 476 percent. But while some investors are going all in on cryptocurrency as the future of payments, other...