The following list comprises the of the most-read stories. Lists are based on daily statistics through Friday, Aug. 8.
Aug. 8 (Bloomberg) -- The Standard & Poor’s 500 Index rose the most in five months while Treasuries fell, as speculation that Russia is de-escalating tension in Ukraine outweighed concern about crises in the Middle East. The yen strengthened.
Aug. 5 (Bloomberg) -- U.S. stocks fell, with the Standard & Poor’s 500 Index sinking to the lowest since May, amid concern that tension in Ukraine may escalate. The dollar rose after American services data added to evidence growth is gathering pace.
3. Banco Espirito Santo Junior Bonds Slide as Bailout Forces Losses
Aug. 4 (Bloomberg) -- Banco Espirito Santo SA’s junior bonds tumbled to a record after the lender’s 4.9 billion-euro ($6.6 billion) bailout left holders facing losses they’re struggling to quantify.
Aug. 6 (Bloomberg) -- Gold rallied with the yen as escalating tension between Russia and western nations over Ukraine damped demand for riskier assets. U.S. stocks were little changed near a two-month low.
Aug. 5 (Bloomberg) -- Howard Wang, a former analyst at Ray Dalio’s Bridgewater Associates LP, says most hedge fund performance mirrors the broader market, failing to justify the high fees collected.
Aug. 7 (Bloomberg) -- As the military endgame in Ukraine approaches, President Vladimir Putin must decide just how far he’s prepared to go to defend the pro-Russian insurgency.
Aug. 6 (Bloomberg) -- Poland said the risk of Russia invading Ukraine has increased in the “last dozen hours or so” after President Vladimir Putin increased the number of troops on his country’s western border.
Aug. 7 (Bloomberg) -- U.S. stocks fell, while Treasuries gained with gold, as demand for haven assets climbed amid concern that tension among western nations and Russia over Ukraine will hurt the global economic recovery.
Aug. 9 (Bloomberg) -- U.S. aircraft hit Islamic State militants in multiple airstrikes yesterday at the start of a sustained campaign to protect American personnel and prevent the massacre of ethnic and religious minorities in northern Iraq.
Aug. 4 (Bloomberg) -- College student Phil Morris and his three roommates split a monthly rent of 2,600 pounds ($4,400) for a four-bedroom row house in London’s Fulham district. A new homebuyer would pay about three times that much for a mortgage on a similar property in their postcode.
Aug. 3 (Bloomberg View) -- In the last few months, I have had a strange and interesting experience. In early April, I found myself the main character in Michael Lewis’s book “Flash Boys.” It told the story of a quest I’ve been on, with my colleagues, to expose and to prevent a lot of outrageous behavior in the U.S. stock market.
Aug. 4 (Bloomberg View) -- The world’s major currencies, which had traded in a relatively stable range, are now in motion -- buffeted by different regional growth and interest rates as well as a simmering brew of geopolitical tensions.
Aug. 4 (Bloomberg View) -- Slipping back into my regular routine is sometimes a challenge after a few days of traveling. The first day back in the markets -- especially following a week like we had to end July and begin August -- can be a bit of an adjustment.
Aug. 7 (Bloomberg View) -- OKCupid, the online dating service founded by Christian Rudder and several Harvard University classmates, revealed recently that it had, like Facebook, been “experimenting” on its users, in this case by purposely removing photos and deliberately setting up bad matches, among other things.
Aug. 5 (Bloomberg View) -- The New York Times has a lengthy and dismaying article on the problems with New York City’s pensions.
1. Draghi Says ECB to Monitor Impact of Geopolitical Risks
Aug. 7 (Bloomberg) -- European Central Bank President Mario Draghi discusses the decision to keep the main refinancing rate at a record low of 0.15 percent, inflation expectations and how “heightened” geopolitical risks could impact the speed of the recovery.
2. DeMark Says Shanghai Index Drops 10%; S&P 500 Drops 16%
Aug. 5 (Bloomberg) -- Thomas DeMark, chief executive officer and founder of DeMark Analytics, says the DeMark Indicators that time market tops and bottoms appear to be showing trend exhaustion for the Shanghai Composite Index, allowing for the possibility of a new high in the next couple of sessions and then a drop of 10%.
3. Forget Coffee: Kick Off Your Day With a 7 A.M. Rave
Aug. 5 (Bloomberg) –- At first glance, Daybreaker is a puzzling new party movement: intense raves, with no drugs or alcohol, taking place at 7 a.m. on weekday mornings.
4. Bond Yields Seen as ‘Biggest’ Risk to European Market
Aug. 4 (Bloomberg) -- Nicola Marinelli, portfolio manager at Sturgeon Capital Ltd., talks about European stocks, European Central Bank policy and the 4.9 billion-euro ($6.6 billion) bailout of Banco Espirito Santo SA.
5. Espirito Santo Bailout a ‘Good Formula,’ Calomiris Says
Aug. 4 (Bloomberg) -- Charles Calomiris, a professor at Columbia Business School, and Hans Humes, chief executive officer of Greylock Capital Management, talk about the decision by Portugal’s central bank to take control of Banco Espirito Santo SA’s assets in a 4.9 billion-euro ($6.6 billion) bailout.