Pacific Investment Management Co. investment chief
Daniel Ivascyn
is in a slump, hurt by a bet on housing bonds and investors flight to safety.For much of the past decade, Mr. Ivascyns Pimco Income Fund has posted stellar returns. Its surging popularity ma…
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WELLFLEET, Mass.During a recent morning surf at a town beach here, Andy Jacob spotted a dark shadow in the water just a few feet away. He assumed it was a gray seal because they are everywhere these daysuntil he got a better view.As clear as day, it was a gre…
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Friendship has always called for some maintenance costs.Whether it is going to a concert of your favorite band or trying out a new wine bar in town, hanging out with friends sometimes means opening your wallet. But in a world where birthday parties for milest…
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More than two months after Hong Kongs summer of dissent began, the citys protesters organized their latest massive rally in the center of the city, billed as peaceful and rational to contrast with recent demonstrations where protesters and police clashed.Sund…
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LOS ANGELESAbout three months after Walt
Disney Co.
DIS 1.34%
acquired Twentieth Century Fox, the two studios hosted a red-carpet premiere in Hollywood for the X-Men movie Dark Phoenix, the first major Fox offering since the merger.Before the event this …
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In waging a trade war on several fronts, President Trump appears to be turning the clock back to a bygone era, when high barriers to trade were a daily fact of economic life.In fact, the tit-for-tat tariff fight between the U.S. and China is the public face o…
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A prolonged dollar rally is pressuring U.S. corporate earnings, hitting commodity prices and threatening to deepen a selloff in emerging markets.The U.S. currency has continued to grind higher this year despite an escalating trade war with China and broadsid…
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AT&T Inc.
T 1.83%
has opened each of its earnings calls this year by raising a topic that has been much on investors minds: debt reduction.Making that subject a top priority is somewhat unorthodox in corporate America but has been much appreciated on W…
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LONDONGibraltar rejected a last-minute American attempt to detain an Iranian tanker, opening the way for the ship to sail out of the British overseas territory after over six weeks in detention. Gibraltars Justice Ministry on Sunday rejected a U.S. Justice De…
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Local prosecutors in Manhattan labeled Jeffrey Epstein a low-level sex offender nearly a decade ago, against the recommendation of a state panel of experts and to the shock of a New York judge.Documents obtained through a public-records request provide new in…
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