The following list comprises the most-read Bloomberg News reports from the past week.
1. Stocks Drop for Third Day in U.S. as Treasuries Gain, Oil Jumps
Dec. 3 (Bloomberg) -- U.S. stocks fell a third day amid concern an improving economy will cause the Federal Reserve to reduce monetary stimulus, while 10-year Treasuries advanced as the central bank bought debt. The pound climbed to near a two-year high against the dollar and crude oil surged.
2. Deutsche Bank to RBS Fined by EU as Libor Bill Tops $6 Billion
Dec. 4 (Bloomberg) -- Deutsche Bank AG and Royal Bank of Scotland Group Plc are among six companies fined a record 1.7 billion euros ($2.3 billion) by the European Union for rigging interest rates linked to Libor.
3. Unemployment Drop to 7% Boosts Fed QE Taper Speculation: Economy
Dec. 6 (Bloomberg) -- The jobless rate dropped to a five-year low of 7 percent in November as American employers added more workers than forecast, boosting speculation the Federal Reserve may start scaling back stimulus as soon as this month.
4. Treasuries Fall With Stocks on Fed Outlook as Oil to Gold Climb
Dec. 4 (Bloomberg) -- U.S. Treasury yields rose to an 11-week high and stocks fell a fourth day as signs of economic growth fueled concern the Federal Reserve will scale back bond buying. Copper, gold and crude oil led commodities higher.
Dec. 5 (Bloomberg) -- Grant Hill spent much of his tenure with the Orlando Magic in the trainer’s room, where to the chagrin of him and teammate Pat Garrity, control of the television remote was governed by majority rule.
6. Japan’s GPIF Needs to Start Selling Bonds Now, Ito Says
Dec. 6 (Bloomberg) -- The world’s biggest retirement fund needs to cut local debt holdings now because Japan’s government will follow an advisory panel’s recommendation that the wealth manager seek higher returns, the panel’s head said. Bonds fell.
7. Deutsche Bank to Cut 200 as Commodity Jobs Fall to 2009 Low
Dec. 5 (Bloomberg) -- Deutsche Bank AG is cutting about 200 commodities jobs, joining the world’s largest financial firms in reducing headcount for trading in everything from energy to metals to the lowest since at least 2009 as regulations tighten and revenue slides.
8. Growth in U.S. Accelerates on Inventory Build: Economy
Dec. 5 (Bloomberg) -- The U.S. economy expanded more in the third quarter than initially estimated as unsold merchandise piled up at the fastest rate since early 1998, setting the stage for a possible slowdown in the final three months of the year.
9. Warren Buffett Market-Beating Skills Revealed: Cutting Research
Dec. 6 (Bloomberg) -- Warren Buffett isn’t just a great investor. He’s the best investor, an economic study has found.
10. Black Friday Weekend Spending Drop Pressures U.S. Profit: Retail
Dec. 2 (Bloomberg) -- The first spending decline on a Black Friday weekend since 2009 reinforced projections for a lackluster holiday, increasing chances retailers will extend the deep discounts already hurting their profit margins.
1. Adults Who Love Football and Kids Who Suffer: Margaret Carlson
Dec. 3 (Bloomberg) -- While we’re still in the season, let’s give thanks to Mike DeWine, a former U.S. senator who has made good in his second life as the attorney general of Ohio.
2. Summers Revives Depression-Era Keynesian Retread: Caroline Baum
3. Call Me a Terrorist as George Orwell Visits Japan: William Pesek
Dec. 3 (Bloomberg) -- Shinzo Abe owes Xi Jinping a debt of gratitude.
4. Ten Things Auburn’s Kick Returner Wasn’t Thinking: Albert Hunt
Dec. 3 (Bloomberg) -- It’s the season of end-of-the-year awards. For journalism, 2013 presents us with a new category: the most banal question of the year.
5. Why Families Need a Tax Break for Second Earners: Peter Orszag
Dec. 3 (Bloomberg) -- Conservatives who worry about the ill effects of marginal tax rates on high earners rarely discuss the even higher marginal tax rates that some low- and moderate-income families face.
1. Draghi Says ECB Lowers 2014 Inflation Forecast to 1.1%
Dec. 5 (Bloomberg) -- European Central Bank President Mario Draghi speaks at a news conference in Frankfurt about the decision to keep the ECB’s benchmark interest rate unchanged at a record low 0.25 percent, inflation expectations and economic growth forecasts.
2. Steelers’ Tomlin Seen Being Fined for Going on Field
Dec. 2 (Bloomberg) -- Pittsburgh Steelers coach Mike Tomlin is seen in this video stepping on the field and interfering with play in the team’s game against Baltimore on Nov. 28.
3. Amazon Testing Drones for Package Delivery, Bezos Says
4. Metro-North Train Derailment in Bronx Kills Four People
Dec. 2 (Bloomberg) -- A train on New York’s Metro-North Railroad derailed yesterday causing the first passenger fatalities in the line’s 30-year history, renewing scrutiny of safety on one of the city’s major mass-transit arteries.
5. Osborne Sees Faster U.K. Growth; Reduced Need to Borrow
To contact the reporter on this story: Audrey Barker in New York at email@example.com
To contact the editor responsible for this story: Alan Mirabella at firstname.lastname@example.org