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PIMCO’s Rigorous Approach to Managing Portfolio Liquidity Risk
SUMMARY At PIMCO, liquidity risk management is a crucial component of portfolio construction and is complemented by diligent monitoring. We have started to see pockets of disturbance in liquidity in certain markets, and we believe the risk that future shocks result in market liquidity events has increased. We use stress testing and vigorous historical data analysis to determine targets for
Your Employees Might Be Leaving Because of Their Terrible Commutes
As the unemployment rate continues to drop and the labor market turns into a seller’s game, employees are getting pickier about what they will tolerate. And, increasingly, the rush hour blues are getting the better of them. A new survey by staffing firm Robert Half found that nearly one-quarter of workers have left a job due to a bad commute.
3 Steps to Create a 21st-Century Work Culture
There was a time when it was perfectly acceptable for leaders and managers to rule with an iron fist. If a subordinate didn’t want to perform a task as assigned—or, God forbid, offered up a better alternative to an old way of doing things—he or she was given a stern talking-to, written up, or even fired. When the command-and-control leadership
Musk Will Buy Another $20M in Tesla Stock — The Same Amount He Was Fined By the SEC
In a new 8-K filing detailing CEO Elon Musk’s fraud settlement with the Securities and Exchange Commission, Tesla, Inc. (NASDAQ: TSLA) announced Musk will be purchasing an additional $20 million of the automaker's stock. What Happened? On Tuesday after the close, Tesla filed an 8-K document related to the company and Musk’s settlement with the SEC after the regulatory agency
There is a Growing Push to Replace Mark Zuckerberg as Facebook's Chairman
In the aftermath of the Cambridge Analytica scandal - in which about 87 million Facebook users had their data improperly shared with the now-defunct voter profiling company - Trillium Asset Management filed a shareholder proposal asking Facebook's board of directors to make its chairman an independent position, removing CEO Mark Zuckerberg from that role. And now, following Facebook's latest data
Cramer Says 'Nibble' Away at Tech, While Pro Likes Apple
At times when stocks as a whole are trading lower, investors tend to seek safety in steady consumer staple stocks like Procter & Gamble Co (NYSE: PG), which boasts an attractive dividend yield and small but steady growth, according to CNBC's Jim Cramer. Not This Time Around Instead of following the typical stock market downturn playbook and gravitating toward a
Google's CEO Doubles Down On Plan For Censored Search Engine in China
Google's controversial plan to attempt re-entering China with a censored version of its search engine was met by a backlash from within its ranks - with both current and former employees expressing dismay. However, despite the blowback, Google's executive team shows no signs of backing down from its plans. In fact, while speaking at the WIRED 25 Summit this week,
Microsoft Co-Founder Paul Allen Dies at 65
Paul Allen, who co-founded Microsoft with Bill Gates in 1975 and was one of the most important figures in the personal computing revolution, died on Monday in Seattle. He was 65. The cause was was complications of non-Hodgkin’s lymphoma, according to a statement from his family. Allen worked at Microsoft for about seven years, but left in the early-'80s when
Facebook Says Hackers Accessed Millions of Emails and Phone Numbers
Do you want the good news first or the the bad new? Here's the good news: The security breach Facebook announced in September actually affected 20 million fewer people than initially thought. About 30 million users instead of 50 million were hacked. Here's the bad news: Facebook says that 14 million of the 30 million users who were hacked had
The Big Shorts Dig into Tesla
Tesla, Inc. (NASDAQ: TSLA) short sellers have been an obsession for CEO Elon Musk in 2018. Unfortunately for Musk, the short sellers have had the winning trade as of late, with Tesla stock down 28.9 percent in the past year and Musk being forced out of his chairman role as part of a tentative settlement with the SEC. But rather