(Adds Pimco Total Return Fund's peak in assets, Bernanke appointment). By Jennifer Ablan. May 4 (Reuters) - The Pimco Total Return Fund, launched by Bill Gross, has lost its title as the world's biggest bond mutual fund, following two years of withdrawals.
Wall Street ended higher on Monday as corporate earnings came in better than feared, although shares of McDonald's declined after the fast-food chain's turnaround plan left investors wanting more.
The U.S. Commerce Department said today that orders for manufactured goods spiked in March, RTTNews reported. Factory orders increased 2.1 percent in March following a revised 0.1 percent decrease in February.
The Supreme Court announced Monday that it will review whether a federal agency may require electric market operators to compensate customers who lower their consumption of electricity during peak demand hours.
One key person with a voice in U.S. monetary policy said he is taking a cautious approach to raising interest rates and said he advocates no increase until early next year.