Most Read on Bloomberg: Stock Buybacks, Koch Brothers and 1888

The most-read Bloomberg News reports from the past week are listed below. The rankings are based on daily statistics through March 18.
See NI READSUMS for previous lists.

STORIES

1. There’s Only One Buyer Keeping S&P 500’s Bull Market Alive
(Bloomberg) -- Demand for U.S. shares among companies and individuals is diverging at a rate that may be without precedent, another sign of how crucial buybacks are in propping up the bull market as it enters its eighth year.

2. Fed Scales Back Rate-Rise Forecasts as Global Risks Remain
(Bloomberg) -- Federal Reserve officials held off from raising borrowing costs and scaled back forecasts for how high interest rates will rise this year, citing the potential impact from weaker global growth and financial-market turmoil on the U.S. economy.

3. The Billionaire Koch Brothers Have a Hot New Number: 1888
(Bloomberg) -- In the age of Rockefeller, Carnegie and Morgan, a young Dutchman named Hotze “Harry” Koch struck out for America to seek his fortune in the nation’s free-wheeling markets.

4. Trump Faces a Contested Convention as Clinton Nears Nomination
(Bloomberg) -- Donald Trump’s road to securing the Republican presidential nomination got longer after Tuesday’s primaries in five states. Democratic front-runner Hillary Clinton’s got shorter.

5. Valeant Plunges Most Ever on Forecast Cut, Warning Over Debt
(Bloomberg) -- Valeant Pharmaceuticals International Inc. shares plunged Tuesday in their worst day ever, falling 51 percent after the company cut its 2016 forecast, reported a weak fourth quarter and said it risked breaching some of its debt agreements if it can’t file its annual report in time.

6. Brevan Howard Said to Cede Management of $450 Million Hedge Fund
(Bloomberg) -- Brevan Howard Asset Management is giving full control of a systematic trading hedge fund to David Gorton as billionaire Alan Howard focuses on macro strategies, according to a person with knowledge of the matter.

7. U.S. Stocks Little Changed as Oil Retreats; Dollar Gains on Fed
(Bloomberg) -- U.S. stocks ended little changed after fluctuating throughout the day, while oil retreated as investors awaited for further assurance that central banks will continue to support growth and the glut in crude will ease.

8. Jefferies Reports Loss on Trading Slump as CEO ‘Humbled’
(Bloomberg) -- Jefferies Group reported a fiscal first-quarter loss as revenue from trading stocks and bonds tumbled 82 percent, leaving Chief Executive Officer Richard Handler vowing to do better.

9. China Burns Hedge Funds as $562 Million Yuan Bet Turns Worthless
(Bloomberg) -- The battle over the fate of China’s currency is starting to get bloody for the bears.

10. Goldman Seen Succumbing, Too, as Wall Street Has Awful Quarter
(Bloomberg) -- As Wall Street leaders warn publicly about this quarter’s plunging revenue from trading and deals, Goldman Sachs Group Inc., the bank most reliant on those operations, has provided no guidance. The mystery isn’t whether it is getting hit too -- it’s how hard.

COLUMNS

1. What the Fed Will and Won’t Do This Week: Mohamed A. El-Erian
(Bloomberg View) -- The Federal Reserve’s policy meeting this week will be closely watched, particularly after the stimulative measures taken by the European Central Bank last week.

2. Hidden Message in the Fed’s Projections: Narayana Kocherlakota
(Bloomberg View) -- The U.S. Federal Reserve’s latest economic projections contain an encoded message crucial to understanding the central bank’s policies: Inflation has been stuck below the Fed’s target in part because officials don’t actually want to get it back up.

3. A Chilling Mathematical Model of Inequality: Mark Buchanan
(Bloomberg View) -- Economists have offered various explanations for the frustrating slowness of global growth, from excessive debt to a shifting balance of power bringing an end to an American century. A new analysis suggests there’s one that deserves greater attention: the chilling effect of inequality.

4. Canada’s Future Under Trudeau Looking Bright: Michael Bloomberg
(Bloomberg View) -- The value of the Canadian dollar and the price of oil, one of the nation’s top exports, have both tumbled to near record lows. But those details -- and the apparent demise of the Keystone XL pipeline -- don’t begin to tell the story of what lies ahead for the economy of Canada, America’s second-largest trading partner.

5. Marco Rubio Remembered Too Late Who He Is: Margaret Carlson
(Bloomberg View) -- Marco Rubio started the race for his party’s nomination young. Too young, if you ask Jeb Bush, his political big brother, or if you listen to Donald Trump, as many did. He dubbed him "Little Marco," and it stuck. Last night, Rubio suffered the first loss of his storied career and it was a devastating one. Trump whomped him by almost 20 points in his home state.

MULTIMEDIA

1. Yellen News Conference: Fed Policy, Economy
(Bloomberg) -- Federal Reserve Chair Janet Yellen speaks at a news conference in Washington about the central bank’s rate decision today.

2. Osborne Presents U.K. Budget in Parliament
(Bloomberg) -- Chancellor of the Exchequer George Osborne delivers his budget statement in the House of Commons in London.

3. Cameron Answers Questions from Lawmakers, Osborne Budget Statement
(Bloomberg) -- U.K. Prime Minister David Cameron answers questions from lawmakers in the House of Commons in London. Chancellor of the Exchequer George Osborne’s budget statement and a debate on the budget follows.

4. China’s Li Speaks About Policies as NPC Concludes
(Bloomberg) -- Chinese Premier Li Keqiang speaks about the government’s policies at a press conference in Beijing that marks the conclusion of the 12-day National People’s Congress.

5. Trudeau on Canadian Economy, Fiscal Policy, Bombardier
(Bloomberg) -- Canadian Prime Minister Justin Trudeau talks about the Canadian economy, fiscal policy and relations with the U.S.

--With assistance from Anny Kuo in New York.

To contact the reporter on this story:
Audrey Barker in New York at abarker3@bloomberg.net
To contact the editors responsible for this story:
Bob Brennan at rjbrennan@bloomberg.net
James Amott

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