Most Read on Bloomberg in June: Stocks, FX Rate Fixing, Bernanke
The following list comprises the most-read Bloomberg News reports for June.
June 24 (Bloomberg) -- U.S. stocks fell after Chinese equities entered a bear market on concern a cash crunch will hurt growth. Treasuries pared losses on speculation investors overreacted to a possible reduction of central bank stimulus.
2. Traders Said to Rig Currency Rates to Profit From Clients
June 12 (Bloomberg) -- Traders at some of the world’s biggest banks manipulated benchmark foreign-exchange rates used to set the value of trillions of dollars of investments, according to five dealers with knowledge of the practice.
3. Stocks Tumble With Bonds as Gold Slides in Global Rout on Fed
June 20 (Bloomberg) -- Stocks tumbled, with the benchmark index of global equities sinking the most in 19 months, and bonds fell around the world after the Federal Reserve said it may phase out stimulus and China’s cash crunch worsened. Gold led commodities lower as the dollar rallied for a second day.
4. Obama Says Bernanke Has Been at Fed ‘Longer Than He Wanted’
June 18 (Bloomberg) -- President Barack Obama said Federal Reserve Chairman Ben S. Bernanke has stayed in his post “longer than he wanted,” one of the clearest signals the central bank chief will leave when his current term expires next year.
5. Bernanke Says Fed on Course to End Asset Buying in Mid-2014
June 19 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the central bank may start dialing down its unprecedented bond-buying program this year and end it entirely in mid-2014 if the economy finally achieves the sustainable growth the Fed has sought since the recession ended in 2009.
6. Stocks Drop on Global Stimulus Outlook as Asian Futures Decline
June 12 (Bloomberg) -- U.S stocks fell and Asian equity futures dropped on concern central banks are growing reluctant to add more stimulus after the Bank of Japan left its lending program unchanged. Ten-year Treasury yields fell from a 14-month high and the yen was little changed after surging yesterday.
7. U.S. Stocks Climb as Asian Futures Signal Rebound After Tumble
June 14 (Bloomberg) -- U.S. equities rose and Asian stock futures signaled a rebound after yesterday’s rout as better-than-forecast U.S. economic data and speculation the Federal Reserve will look to maintain record-low interest rates bolstered markets. The yen pared this week’s gains.
8. Trading Desks at Wall Street Banks Defying Second-Quarter Curse
June 19 (Bloomberg) -- Wall Street banks, buoyed by record stock-market prices and high-yield bond issuance, probably will report a jump in second-quarter trading and investment-banking revenue from the same period a year ago.
9. Men Over 40 Should Think Twice Before Racing Triathlons
June 21 (Bloomberg) -- For men competing in triathlons past the age of 40, the grueling slog to the finish line could be their last.
10. Sodomy Hazing Leaves 13-Year-Old Victim Outcast in Colorado Town
June 20 (Bloomberg) -- At the state high-school wrestling tournament in Denver last year, three upperclassmen cornered a 13-year-old boy on an empty school bus, bound him with duct tape and sodomized him with a pencil.
June 19 (Bloomberg) -- Hillary Clinton’s return to the living was almost flawless. Almost.
2. Why Are So Many College Graduates Driving Taxis?: Peter Orszag
June 26 (Bloomberg) -- It’s a parent’s nightmare: shelling out big money for college, then seeing the graduate unable to land a job that requires high-level skills. This situation may be growing more common, unfortunately, because the demand for cognitive skills associated with higher education, after rising sharply until 2000, has since been in decline.
3. The Real Reason Young People Dislike Republicans: Ramesh Ponnuru
June 11 (Bloomberg) -- Mitt Romney, the 2012 Republican presidential candidate, won among voters over the age of 30, but lost younger voters by 23 points. That statistic has gotten a lot of attention from Republicans, especially since they have now lost young voters in three presidential elections in a row. They worry that voting Democratic could be habit-forming for this generation.
4. If John Paulson Wins on Fannie Mae, America Loses: Jonathan Weil
June 7 (Bloomberg) -- For years, the White House and many lawmakers have been saying the government needs to put Fannie Mae and Freddie Mac out of their misery. Yet they live on. And now their stock charts look like electrocardiograms.
5. How Poor Students Get Soaked for College Sports: Richard Vedder
June 18 (Bloomberg) -- As parents and students struggle to keep up with rising college tuition and take on greater burdens of debt, universities are being challenged to justify the ballooning athletic fees they tack on to the bill.
1. Ferrari-Powered Maserati Ghibli Lures Bored BMW Buyers
June 28 (Bloomberg) -- The 2014 Maserati Ghibli sedan is seen in a promotional video from Maserati SpA.
2. Draghi Sees Economic Recovery This Year at Subdued Pace
3. Bernanke Says Fed May End Asset Buying in Mid-2014
4. Gross Says Markets Misinterpreted Bernanke on Inflation
June 19 (Bloomberg) -- Bill Gross, manager of the world’s biggest mutual fund at Pacific Investment Management Co., talks about bond market reaction to Federal Reserve Chairman Ben S. Bernanke’s remarks that the central bank may begin reducing bond purchases later this year and end them in the middle of 2014 if the U.S. economy continues to improve.
5. Massachusetts Police Arrest Aaron Hernandez
June 26 (Bloomberg) -- Aaron Hernandez, a tight end who played for the New England Patriots football team, was arrested this morning by police in North Attleboro, Massachusetts, in connection with a murder.
To contact the editor responsible for this story: Alan Mirabella at email@example.com