Bloomberg Jeffrey Gundlach said yet again that the US economy is gorging on debt. Echoing many of the themes from his annual “Just Markets” webcast, Gundlach took part in a round-table of 10 of Wall Street’s smartest investors for Barron’s. He highlighted the dangers especially posed by US corporate bond market. Prolific sales of junk bonds and significant growth in ...

Bloomberg Ford Motor Co said it will cut thousands of jobs, weed out slow-selling variants and potentially close entire factories in Europe, as the carmakers’s global cost-cutting drive targets a region that has been a drag on earnings for years. The manufacturer, which employs some 54,000 workers across the region mainly in Germany, the UK and Spain, will also review ...

Bloomberg PG&E Corp, the California utility giant facing billions of dollars in wildfire liabilities, may notify employees as soon as Monday that it’s preparing a potential bankruptcy filing, according to people familiar with the situation. The San Francisco-based utility owner is planning to send the notice to fulfill a state law that requires the company to alert workers at least ...