The most-read Bloomberg News reports from the past week are listed below. The rankings are based on daily statistics through March 4. See READSUMS for previous lists.
1. U.S. Stocks Rally With Emerging-Market Assets as Crude Tops $34
(Bloomberg) -- U.S. stocks rallied to a seven-week high after data indicated manufacturing in the world’s largest economy may be stabilizing, while optimism that central banks from Asia to Europe will add to stimulus supported emerging-market currencies and commodities.
2. Goldman, BofA Dismiss Traders After Getting Taste of ’16 Markets
(Bloomberg) -- Goldman Sachs Group Inc. and Bank of America Corp., two of Wall Street’s biggest investment banks, plan to lean on their periodic culls of low performers this year to rein in costs as a market rout pressures returns.
3. Trump and Romney Battle for Soul of Republican Party
(Bloomberg) -- The Republican party descended into full-scale civil war on Thursday, with its last presidential nominee, Mitt Romney, launching withering attacks against current front-runner Donald Trump, who responded with fury.
4. Oil Pioneer McClendon, Charged in Bid Rigging, Dies in Crash
(Bloomberg) -- Aubrey McClendon, the billionaire oilman who was instrumental in launching the U.S. shale energy revolution, died in a car crash in Oklahoma City on Wednesday morning.
5. U.S. Stocks Slip as China Stimulus Boosts Commodities; Yen Jumps
(Bloomberg) -- U.S. stocks failed to hold onto a monthly gain after two weeks of advances, with the Standard & Poor’s 500 Index turning negative in afternoon trading. Fresh stimulus from China bolstered commodities and emerging-market assets, while the yen strengthened.
6. Barclays Plummets as Bank Slashes Dividend in Plan to Shrink
(Bloomberg) -- Barclays Plc fell the most in more than three years in London trading as investors balked at Chief Executive Officer Jes Staley’s pitch that more short-term pain will be necessary for the bank to right itself.
7. Bobby Van’s Is Empty, So Is Sparks as Frazzled Traders Stay Away
(Bloomberg) -- Steps from the New York Stock Exchange, only a handful of tables are occupied at Bobby Van’s Steakhouse. Across the street, Reserve Cut has scores of empty seats. A few blocks away at Delmonico’s, one of the few diners is the restaurant’s own hostess, seated at the end of a half-empty bar.
8. Romney to Lay Out Case Against Donald Trump in Speech Thursday
(Bloomberg) -- The rapidly intensifying effort by the Republican establishment to dislodge Donald Trump from the top of the party’s presidential nominating race will star 2012 nominee Mitt Romney, who is preparing a speech for Thursday when he’ll lay out his case against the front-runner.
9. Trump Puts Republicans in Quandary With Super Tuesday Success
(Bloomberg) -- Donald Trump’s commanding Super Tuesday victories are forcing the Republican Party to decide whether to rally behind their presumptive nominee or continue a bloody fight to take him down, with no clear alternative to take his place.
10. The Lone Analyst Who Said Sell Valeant When Hedge Funds Piled In
(Bloomberg) -- In July 2014, Dimitry Khmelnitsky advised investors to sell Valeant Pharmaceuticals International Inc. and then watched the stock double in a year.
1. The Most Confusing Super Tuesday Ever: Jonathan Bernstein
(Bloomberg View) -- We’re going to need some time to digest what happened on Tuesday night on the Republican side.
2. There’s No Debating Trump’s Ignorance Now: Jonathan Bernstein
(Bloomberg View) -- Last time we saw this embarrassing cast of characters debate, Donald Trump said he couldn’t release his tax returns because he was being audited. As if that was supposed to make us think he was trustworthy.
3. What Friday’s Jobs Report Needs to Show: Mohamed A. El-Erian
(Bloomberg View) -- To withstand headwinds from slower global growth and continued financial volatility, Friday’s U.S. employment report for February will need to show continued robust job additions, higher wage growth and a labor participation rate that is edging up. This is also what the markets require over time, even if it means an even more confusing picture for policy makers at the Federal Reserve and the financial volatility that could ensue.
4. Donald Trump Has a Point About American Decline: Noah Smith
(Bloomberg View) -- American decline is a popular narrative these days. It’s a central feature of Donald Trump’s presidential campaign -- you can’t “make America great again” unless America isn’t-so-great right now. Although Trump often seems disconnected from reality, on this issue he has a point. The U.S. is in decline. Fortunately, the slide isn’t severe, and there’s probably time to arrest its progress or prevent it from accelerating.
5. The Die-Hard Republicans Who Say #NeverTrump: Megan McArdle
(Bloomberg View) -- Over the past week, as it’s begun to sink in that -- no foolin’ -- Donald Trump might really be the nominee, I began to notice a trend among family and friends who are stalwart Republicans. These are people who consistently vote, and consistently vote (R) straight down the line. And they are tortured because they cannot bring themselves to vote for the Republican nominee this year, if the Republican nominee is Trump.
1. Romney Speaks About Republican Party, Trump
(Bloomberg) -- Mitt Romney, the Republican Party’s most recent presidential nominee, speaks about Donald Trump, the odds-on favorite to be the party’s next nominee. Romney says Trump is a phony who is playing the American public for suckers.
2. Donald Trump Speaks in Maine
(Bloomberg) -- Republican presidential front-runner Donald Trump speaks at a campaign rally about 2012 Republican presidential nominee Mitt Romney’s criticism of Trump in a speech today. He also discusses his position on trade.
3. Indian Finance Minister Jaitley Presents Federal Budget
(Bloomberg) -- Indian Finance Minister Arun Jaitley presents the federal budget for the year starting April 1.
4. Christie Endorses Trump at Campaign Event in Texas
(Bloomberg) -- New Jersey Governor Chris Christie, who dropped his bid for the Republican presidential nomination following the New Hampshire primary, endorses Donald Trump for president.
5. NJ Governor Christie Speaks: Jobs, Economy
(Bloomberg) -- New Jersey Governor Chris Christie speaks at a news conference in Trenton about jobs and the economy.
--With assistance from Todd McEvoy in New York.