Winning Stock Plays

A subsidiary of Allianz agreed to pay $6 billion and pleaded guilty to charges of fraud and misleading investors. The Justice Department brought charges against Allianz Global Investors US for the March 2020 scheme. The Securities and Exchange Commission also sued three men and accused them of securities fraud. Loading Something is loading. Allianz Global… Continue reading The SEC just charged a US subsidiary of investment giant Allianz in a multibillion dollar fraud scheme that targeted pensions and other investors

China’s main bond trading platform for foreign investors stopped publishing data on May 11, Bloomberg reports.  The move follows a recent sell-off in the Chinese debt markets.  BlackRock last week forecasted a “rapidly worsening” outlook for the world’s second-largest economy.  Loading Something is loading. After record net sales of sovereign debt, China’s primary bond trading… Continue reading China just saw a record bond sell-off. Now its main trading platform isn’t publishing foreign debt trades, report says.

The dollar and euro are on the verge of being equal for the first time since 2002.  A top economist told Insider that parity could be reached within “a month or so.” The euro has lost nearly 14% against the dollar in the past year and is far below its March 2008 peak of roughly… Continue reading The dollar and euro are on the verge of parity for the first time in 20 years — and it could happen within a month. Here’s what to know.

The dollar’s rise to 20-year highs poses global financial risks, economist Mohamed El-Erian said.  Dollar strength makes imports more expensive for developing countries already dealing with cost crunches from COVID.  The DXY index last week marked a 10% rise for 2022.  Loading Something is loading. Famed economist Mohamed El-Erian said Tuesday higher import prices for… Continue reading The US dollar is at a 20-year high and that’s raising risks for the global economy and financial stability, says Mohamed El-Erian