The following list comprises the of the most-read stories.
Lists are based on daily statistics through Friday.
Jan. 30 (Bloomberg) -- When Paul Taboada ran Charles Morgan Securities Inc. at 120 Wall St., he set himself apart by wearing suits with the brokerage’s name stitched into the pinstripes.
Jan. 28 (Bloomberg) -- A vice president in technology operations, Gabriel Magee, died after falling from JPMorgan Chase & Co.’s London headquarters, the bank said today.
Jan. 30 (Bloomberg) -- Federal Reserve policy makers trimmed bond buying for a second straight meeting, uniting behind a strategy of gradual withdrawal from Ben S. Bernanke’s unprecedented easing policy as Janet Yellen prepares to succeed him as chairman.
Jan. 29 (Bloomberg) -- U.S. stocks fell, pushing the Standard & Poor’s 500 Index to a two-month low, while Treasuries and the yen gained as the Federal Reserve said it would make further cuts to economic stimulus and as emerging-market currencies weakened. Gold and natural gas climbed.
Jan. 27 (Bloomberg) -- Treasuries fell before the Federal Reserve’s meeting tomorrow and commodities slid after data on U.S. home sales missed forecasts. U.S. stocks slipped, with the Standard & Poor’s 500 Index extending its biggest weekly drop since 2012 as emerging-market shares declined.
6. Turkey Rate Increase Stems Lira Drop as Basci Defies Erdogan
Jan. 29 (Bloomberg) -- Turkey’s lira strengthened, extending the biggest three-day rally since 2011, and bond yields declined after the central bank raised interest rates and signaled a return to a simpler monetary policy. Stocks fell.
Jan. 31 (Bloomberg) -- Stocks fell, pushing the Standard & Poor’s 500 Index to a third weekly loss, and Treasuries rose amid a slump in emerging-market currencies and weaker corporate earnings. Copper fell for an eighth day, the longest streak since December 1998.
Jan. 29 (Bloomberg) -- Deutsche Bank AG co-Chief Executive Officer Anshu Jain said he plans to deal with most of the bank’s legal costs by the end of the year, after the expenses contributed to lower pay for its investment bankers.
Jan. 31 (Bloomberg) -- Wall Street chief executive officers including Lloyd C. Blankfein and Jamie Dimon are avoiding a squeeze on pay that helped their firms lower costs in 2013.
Jan. 28 (Bloomberg) -- Industrial & Commercial Bank of China Ltd. said investors in a troubled high-yield trust can recoup their funds, averting a threatened default that underscored concern over the shadow-banking system and helped spur a selloff in emerging-market currencies and stocks.
Jan. 28 (Bloomberg) -- Sheila Bair, the Federal Deposit Insurance Corp.’s chairman from 2006 to 2011, has been hired for a new gig as a board member at the Spanish lender Banco Santander SA. This seems to have gotten some people upset, even riled.
Jan. 29 (Bloomberg) -- One of the market’s best-performing stocks yesterday was a company called World Acceptance Corp., which makes small loans to people whose finances are in dreadful condition, many of whom can’t even get a credit card. This is a lucrative business, as long as the cops don’t clamp down too hard. And so far they haven’t, notwithstanding the efforts of some hedge funds that have shorted World Acceptance’s shares.
Jan. 27 (Bloomberg) -- Bollywood’s biggest international success, after many expensive and absurd attempts to break through abroad, was the 2009 film “3 Idiots.” Based on a novel by the Indian writer Chetan Bhagat, the movie follows three engineering students struggling to realize their deepest desires against the punitive strictures of teachers and parents. Meeting young people from China, Japan, South Korea and Taiwan early this month at a conference in Hong Kong, I had a clearer sense of why East Asian millennials responded so keenly to the film’s evocation of a life beyond and above conventional notions of success.
Jan. 27 (Bloomberg) -- One of the nice things for wealthy people in China is that mysterious, unidentified third parties occasionally swoop in at the last minute to bail them out of investments that are about to default. And they do such generous things for the good of the country and its financial system, of course.
Jan. 31 (Bloomberg) -- Earlier this month, stomach-turning images of brutally abused Hong Kong maid Erwiana Sulistyaningsih shamed the world’s “freest” economy, and rightly so.
1. S. Africa Increases Benchmark Rate to 5.5%, Marcus Says
Jan. 29 (Bloomberg) -- South African Reserve Bank Governor Gill Marcus speaks at a news conference in Pretoria about the
decision to increase its benchmark interest rate to 5.5 percent from 5 percent.
2. Representative Michael Grimm Threatens NY1 Reporter
Jan. 29 (Bloomberg) -- Representative Michael Grimm, a New York Republican, threatens to throw NY1 reporter Michael
Scotto, off a balcony following a post State of the Union
interview last night.
3. Stay Nearby at Super Bowl Suite for $25K Per Night
Jan. 30 (Bloomberg) -- Bloomberg Businessweek’s Sam
Grobart checks out the best places to stay Super Bowl weekend
for those who want to be as close to the game as possible.
Everything from an AirBnB apartment near the stadium for
$1800/night to a suite at the New York Palace Hotel going for
4. Ben Bernanke: From Assistant Professor to Fed Chairman
Jan. 29 (Bloomberg) -- Over the past 35 years, Ben S. Bernanke has been interpreting, teaching and implementing monetary policy. As he exits his office as Federal Reserve chairman for a final time in two days, he can say he took actions that were the first or the biggest of their kind in the central bank’s 100-year history.
5. UBS’s Baweja Says Emerging-Market Sell-Off to Escalate
Jan. 27 (Bloomberg) -- Bhanu Baweja, head of emerging-market cross-asset strategy at UBS AG, talks about the sell-off in emerging markets.