Most Read on Bloomberg: Fed Refrains, DC Shooter, Summers Exits
The following list comprises the most-read Bloomberg News reports from the past week.
1. Fed Refrains From Taper as It Seeks Signs of Sustained Growth
Sept. 18 (Bloomberg) -- The Federal Reserve unexpectedly refrained from reducing the $85 billion pace of monthly bond buying, saying it needs more evidence of lasting improvement in the economy and warning that an increase in interest rates threatened to curb the expansion.
2. Texas Man Seen Behind Washington Shooting That Left 13 Dead
Sept. 16 (Bloomberg) -- A 34-year-old Navy veteran from Texas was identified by the FBI as the suspected gunman in shootings at the Washington Navy Yard that left at least 12 others dead.
3. Summers’s Withdrawal Said to Put Yellen as Fed Front-Runner
Sept. 16 (Bloomberg) -- Fed Vice Chairman Janet Yellen is the leading candidate to replace Ben S. Bernanke following the withdrawal of Lawrence Summers from consideration, a person familiar with the process said.
4. Gross’s Trade Sours as Bonds Lose Faith in Fed Guidance
Sept. 16 (Bloomberg) -- Bond investors are losing confidence in the Federal Reserve’s pledge to keep benchmark interest rates at about zero into 2015 as the U.S. economy accelerates.
5. Berkshire Billionaire Found With More Shares Than Bill Gates
Sept. 17 (Bloomberg) -- Stewart Horejsi’s business was in a funk. It was 1980, and Brown Welding Supply LLC, his family’s third-generation distributor of hydrogen and oxygen tanks, was battling competitors that were intent on expanding into the corner of Kansas he controlled.
6. Fall in Home Loans Pushing Fed Away From Taper in Mortgages
Sept. 18 (Bloomberg) -- Federal Reserve policy makers, while considering today whether to taper $85 billion in monthly bond buying, confront a drop in demand for home loans that argues against a cut to their mortgage bond purchases.
7. Sold for Sex at Puberty Village Girls’ Fate in Wealthier India
Sept. 19 (Bloomberg) -- Like many Indian girls, Suchitra was taught her future profession by her mother. In her village, there was only one path. Even before she’d reached puberty, Suchitra had learned different sexual positions and other ways to please a customer.
8. Ex-JPMorgan Traders Indicted in $6.2 Billion Derivative Loss
Sept. 17 (Bloomberg) -- Two former JPMorgan Chase & Co. traders were indicted for engaging in a securities fraud to hide trading losses that eventually surpassed $6.2 billion on wrong-way derivatives bets last year.
9. Less Tapering Becomes Tighter Credit No Matter What Fed Says
Sept. 17 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke sent bond yields a percentage point higher just by talking about adding stimulus at a slower pace. The rout serves as a warning to monetary policy makers that their exit from record accommodation won’t be easy to control.
10. Jefferies Profit Tumbles 83% on Plunge in Bond-Trading Revenue
Sept. 18 (Bloomberg) -- Jefferies Group LLC, the investment bank owned by Leucadia National Corp., said profit plunged 83 percent in the fiscal third quarter as trading revenue fell to the lowest since the depths of the financial crisis.
1. Meet the New IPhones, Same as the Old IPhones: Rich Jaroslovsky
Sept. 18 (Bloomberg) -- Ever since the launch of the first iPhone in 2007, Apple has introduced one new model a year.
2. Summers Felled by Obama, Community Organizer: Margaret Carlson
Sept. 17 (Bloomberg) -- Community organizers like President Barack Obama make great husbands.
3. Putin Was Right About American Exceptionalism: Ronald Inglehart
Sept. 19 (Bloomberg) -- As part of the debate over intervention in Syria, the question of whether the U.S. is an exceptional country has once again bubbled up.
4. Summers Did the Right Thing, Now It’s Obama’s Turn: Jonathan Weil
Sept. 16 (Bloomberg) -- L’affaire de Larry Summers is over. And thank goodness. The grand circus of leaks, posturing and trial balloons was no way to select the next leader of the Federal Reserve. Summers deserves credit for withdrawing his name from consideration.
5. Skimpy Bikinis Are the Least of Indonesia’s Woes: William Pesek
Sept. 20 (Bloomberg) -- Indonesians are taking to the streets to demand the government heed their complaints. Are they livid about corruption? No. Fed up with poverty? Not really. Angry over political gridlock? Not so much. It’s those damn bikinis.
1. Bernanke Says Asset Purchases Aren’t on ‘Preset Course’
Sept. 18 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke speaks about the central bank’s asset purchases, interest rates and U.S. economic conditions.
2. Minerd Says Fed Decision Better for Bonds Than Stocks
Sept. 18 (Bloomberg) -- Scott Minerd, chief investment officer at Guggenheim Partners LLC, Nathan Sheets, global head of international economics at Citigroup Inc., Douglas Holtz-Eakin, president of American Action Forum, and Michael Hanson, senior U.S. economist at Bank of America Corp., talk about the Federal Reserve’s decision to refrain from reducing its asset purchases.
3. Bentley’s Flying Spur Coddles the Rich Up to 200 MPH
Sept. 19 (Bloomberg) -- The 2014 Bentley Flying Spur luxury sedan is seen in a promotional video from Bentley Motors Ltd.
4. Ellison’s Dream Is Scariest America’s Cup Racing Yacht Yet
Sept. 9 (Bloomberg) -- As the America’s Cup defender, Larry Ellison’s team Oracle got to set the rules and choose the type of boat for this year’s races. Bloomberg’s Cory Johnson gives you an in-depth look at this year’s boat.
5. Warren Buffett Says Fed Greatest Hedge Fund in History
Sept. 19 (Bloomberg) -- Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., talks about Federal Reserve policy, the U.S. economy and his investment strategy.
To contact the editor responsible for this story: Alan Mirabella at email@example.com