May 11 (Bloomberg) -- The following list comprises the most-read Bloomberg News reports during April.
To read any article, click on story links shown below or go to READ 1M <GO> or MNI COLUMNS 1M <GO>. See NI READSUMS <GO> for previous lists of the most-read stories. Lists are based on monthly statistics through Wednesday, April 30.
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. Lewis Likens Einhorn to ‘Dumb Tourist’ in Fixed Card Game
April 2 (Bloomberg) -- In today’s “rigged” U.S. stock market, large investors such as Greenlight Capital Inc.’s David Einhorn are like “dumb tourists” led to a casino where the card games are fixed, according to Michael Lewis, whose book “Flash Boys” has touched off a national debate about high-frequency trading.
3. BofA Tumbles After Stress-Test Error Halts Dividend Increase
April 28 (Bloomberg) -- Bank of America Corp. fell the most since November 2012 after suspending plans for a dividend increase and $4 billion of share repurchases because of an error in its stress-test submission to the Federal Reserve.
4. 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.
5. U.S Stocks Fall as JPMorgan Misses; Treasuries, Oil Advance
April 11 (Bloomberg) -- U.S. stocks fell, giving the Standard & Poor’s 500 Index its worst week since 2012, amid disappointing results at JPMorgan Chase & Co. and signs hedge funds were dumping the bull market’s top performers. Treasuries rose, while oil hit a five-week high.
6. U.S. Stocks Rebound as Treasuries Climb, Emerging Markets Slump
April 15 (Bloomberg) -- U.S. stocks climbed for a second day as optimism grew over corporate earnings and the Nasdaq Composite Index rebounded after falling near its average level for the past 200 days. Treasuries rose amid increasing tensions in Ukraine, while emerging markets slumped on signs China’s economy is slowing.
7. Wall Street Bond Dealers Whipsawed on Bearish Treasuries Bet
April 21 (Bloomberg) -- Betting against U.S. government debt this year is turning out to be a fool’s errand. Just ask Wall Street’s biggest bond dealers.
8. U.S. Stocks Rise as Selloff Fades While Bonds Retreat Before Fed
April 28 (Bloomberg) -- U.S. stocks rose, with the Standard & Poor’s 500 Index erasing an earlier slide as a selloff in Internet and smaller companies abated amid optimism over deal activity. Treasuries declined for the first time in a week before Federal Reserve policy makers meet tomorrow.
9. Ukraine Battles Separatists as Russian Troops Are Identified
April 15 (Bloomberg) -- Ukraine unleashed an offensive to dislodge militants from cities in the eastern Donetsk region as authorities in the capital Kiev said Russian special forces were identified among the anti-government groups.
10. ‘Shame on You’ Is Bats Executive’s Rebuttal of Michael Lewis
April 1 (Bloomberg) -- Author Michael Lewis’s argument that U.S. stock trading is rigged reflects a misunderstanding of how the market operates and its history, said Bill O’Brien, the president of exchange operator Bats Global Markets Inc.
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’s Up With Charlie Munger’s Other Business?: Jonathan Weil
April 28 (Bloomberg View) -- New York Times columnist Joe Nocera threw a well-deserved dart at Warren Buffett the other day for failing to practice what he has preached at Coca-Cola Co., where Berkshire Hathaway Inc. is the largest shareholder and his son, Howard Buffett, is a director.
3. Japan Misses Opportunity as Abe Looks Backward: William Pesek
April 15 (Bloomberg) -- For Abenomics bulls who still hold out hope that Prime Minister Shinzo Abe intends to make good on his pledges to revitalize Japan, the past week must have been at least a little disconcerting.
4. 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.
5. Why Give Ackman 10 Days to Reveal His Intentions?: Jonathan Weil
April 22 (Bloomberg View) -- Bill Ackman’s hedge fund, Pershing Square Capital Management LP, acquired 9.7 percent of Allergan Inc. in less than two months without having to disclose this fact until yesterday. Is there something wrong with that?
1. Draghi Says ECB Doesn’t Exclude Further Monetary Easing
April 3 (Bloomberg) -- European Central Bank President Mario Draghi speaks at his monthly news conference in Frankfurt about the decision to leave the benchmark interest rate unchanged at a record low of 0.25 percent.
2. 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.
3. BOJ’s Kuroda Says Halfway to 2% Inflation Goal
April 30 (Bloomberg) -- Bank of Japan Governor Haruhiko Kuroda talks about policy and the nation’s economy at a press briefing in Tokyo.
4. NBA’s Silver Says Clippers’ Sterling Suspended for Life
April 29 (Bloomberg) -- National Basketball Association Commissioner Adam Silver talks about his decision to impose a lifetime ban on Los Angeles Clippers owner Donald Sterling for racist comments made by Sterling.
5. 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 one wheel at a time.
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