The following list comprises the most-read Bloomberg News reports from the past week.
1. Nasdaq Falls Most Since 2011 as Tech Selloff Resumes; Bonds Gain
April 10 (Bloomberg) -- U.S. stocks fell, with the Nasdaq Composite Index sinking the most since 2011, as technology shares resumed a selloff on concern valuations are too high as earnings season begins. Treasury rates sank to a three-week low on speculation interest-rate increases won’t be accelerated.
2. S&P 500 Erases 2014 Gain as Tech Slide Worsens; Treasuries Rise
April 7 (Bloomberg) -- U.S. stocks fell, pushing the Nasdaq 100 Index to its biggest three-day retreat since 2011, as technology and consumer shares extended last week’s slide. European equities fell from a six-year high and Treasuries rose.
3. Bill Gross Ponders Future of Pimco After El-Erian’s Departure
April 10 (Bloomberg) -- There is no one who talks quite like Bill Gross, the co-founder of Pimco.
4. Banker Dumps Wall Street to Boost Taxes on New York Millionaires
April 8 (Bloomberg) -- The reason Gus Christensen looks like an investment banker is that he was one until four months ago. A handshake reveals a shirt monogram over the wrist, an Omega watch and lapis cuff links he got on a JPMorgan Chase & Co. trip to Chile.
5. U.S. Stocks Fall as JPMorgan Misses; Treasuries, Oil Advance
April 11 (Bloomberg) -- U.S. stocks fell, with the Standard & Poor’s 500 Index headed for the worst week since January, as technology shares extended a selloff and JPMorgan Chase & Co.’s results disappointed. Treasuries rose, while oil hit a five-week high.
6. JPMorgan Profit Falls 19% on Trading, Mortgage Revenue Drop
April 11 (Bloomberg) -- JPMorgan Chase & Co., the biggest U.S. bank, said first-quarter profit fell 19 percent on lower revenue from fixed-income trading and mortgages, themes that may be repeated across Wall Street next week. The shares declined 2.9 percent.
7. Federal Reserve Plays Down Own Forecasts for Rate Increase
8. Goldman Alum Gives Up Funds to Become Trailer-Park Mogul
April 10 (Bloomberg) -- When Dan Weissman worked at Goldman Sachs Group Inc. and, later, at a hedge fund, he didn’t have to worry about methamphetamine addicts chasing his employees with metal pipes. Or SWAT teams barging into his workplace looking for arsonists.
9. U.S. Stocks Rise as Tech Rebounds; Gold, Oil Lead Commodity Gain
April 8 (Bloomberg) -- U.S. stocks gained as a recovery in technology shares helped the Nasdaq 100 Index rebound from its worst three-day drop since 2011. Oil, gold and Treasuries rose while the Bloomberg Dollar Spot Index slid to a five-month low.
10. JPMorgan’s Masters Said to Have Angled for CEO Post in Unit Sale
April 11 (Bloomberg) -- When JPMorgan Chase & Co. set out to sell its powerhouse commodities unit, the group’s boss, Blythe Masters, made it clear that she wanted to go along with the business and continue as its chief.
1. Teens Are Trading Naked Selfies for Mugshots: Margaret Carlson
April 9 (Bloomberg) -- Will teenagers ever learn? You think yours will. Maybe so. But it’s likely that was also the hope of the parents of children who were so shamed by nude photos of themselves that went south -- how else can they go -- that they killed themselves.
2. What Doesn’t Kill JPMorgan Makes Dimon Stronger: Jonathan Weil
April 10 (Bloomberg) -- There are many requisite qualifications for being a member of JPMorgan Chase & Co.’s board. A sense of irony might not be one of them.
3. How Malaysia Can Limit Harm From Lost Flight 370: William Pesek
April 8 (Bloomberg) -- President Barack Obama always knew his Asia tour later this month would be fraught with political landmines. The two nations that lead off his itinerary -- U.S. allies Japan and South Korea -- have been squabbling for more than a year over World War II history. Another, the Philippines, is one of Asia’s economic bright spots even as President Benigno Aquino’s government is locked into a dangerous maritime territorial spat with China -- a country Obama would rather not antagonize.
4. Feds Tell Wall Street Nobody’s Too Big to Jail: William D. Cohan
April 8 (Bloomberg) -- Preet Bharara’s March 31 speech was little noticed outside a small gathering of legal and compliance executives in Manhattan. He delivered it on the day Wall Street and the financial news media were obsessing over the contention in Michael Lewis’s latest book that high-frequency traders have “rigged” the stock market.
5. Best Speech Ever About How the SEC Really Works: Jonathan Weil
April 8 (Bloomberg) -- Before today, I had never heard of Jim Kidney. And I certainly hope this isn’t the last time I do.
1. Kuroda Says Confident BOJ Can Achieve Price Target
April 8 (Bloomberg) -- Bank of Japan Governor Haruhiko Kuroda talks about monetary policy and the nation’s economy.
2. Riding the One-Wheeled Motorcycle of the Future
April 9 (Bloomberg) –- Is it a Segway? Is it a motorcycle? Is it a unicycle? One thing is for sure, the Ryno vehicle is an Internet sensation. Bloomberg’s Rachel Crane went to Portland to talk to the inventor of the Ryno to find out how he plans to change the way we think about transportation.
3. Yankees’ Win Clouded by Substance on Pineda’s Hand
April 11 (Bloomberg) -- The Yankees’ 4-1 win over the Boston Red Sox last night was overshadowed by television images that seemed to show an unidentified substance on New York starting pitcher Michael Pineda’s throwing hand.
4. Pimco’s Gross Says El-Erian Should Explain His Exit
April 10 (Bloomberg) -- Bill Gross, co-founder of Pacific Investment Management Co., talks about the U.S. stock market selloff, Federal Reserve policy, media attention on Pimco following the departure of Mohamed El-Erian and the outlook for the company.
5. Mobius Says Tata Consultancy Among Top Picks in India
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