Most Read on Bloomberg in February: JPMorgan, Barclays, S&P 500
The following list comprises the most-read Bloomberg News reports during February.
1. JPMorgan, Goldman, 16 Other Firms to End Analyst Surveys
Feb. 26 (Bloomberg) -- JPMorgan Chase & Co. and Goldman Sachs Group Inc. were among 18 financial firms that agreed to stop participating in some surveys of analyst sentiment while New York investigates early access to the information.
2. Barclays to Cut 12,000 Jobs as Profit Falls; Bonuses Grow
Feb. 11 (Bloomberg) -- Barclays Plc, the U.K.’s second-biggest bank by assets, will eliminate as many as 12,000 jobs this year, including more than 800 senior bankers, after fourth-quarter profit tumbled.
3. S&P 500 Tumbles Most Since June as Treasuries Advance With Gold
Feb. 3 (Bloomberg) -- The Standard & Poor’s 500 Index dropped the most since June and emerging-market stocks extended the worst start to a year since 2009 as data from China to the U.S. signaled a slowdown in manufacturing. Treasuries rose and gold rallied while copper capped its longest slump in 18 years.
4. Goldman Sachs Traders Join Citadel in Hedge Fund Migration
Feb. 10 (Bloomberg) -- Two Goldman Sachs Group Inc. managing directors are leaving for Citadel LLC, joining the migration of traders leaving Wall Street banks for hedge funds as lenders pull back from riskier businesses.
5. S&P 500 Touches Record as Commodities Rise, Ukraine Stocks Surge
Feb. 24 (Bloomberg) -- U.S. equities rallied, with the Standard & Poor’s 500 Index touching an intraday record and all but erasing its 2014 decline, amid confidence the economy is strong enough to weather cuts to monetary stimulus. Commodities gained while Ukrainian shares jumped the most since 2010.
6. Young Bankers Climbing Wall Street Unfurl Plans to Fix World
Feb. 4 (Bloomberg) -- The founders of the Resolution Project don’t dwell on generosity or charity when they describe why their nonprofit mentors and funds young leaders. They favor the language of finance.
7. Yellen Pledges Continuity With Gradual Tapering of QE: Economy
Feb. 11 (Bloomberg) -- Federal Reserve Chairman Janet Yellen pledged to maintain her predecessor’s policies by scaling back stimulus in “measured steps” and signaled that the bar is high for a change in that plan.
8. Buffett Warns of Liquidity Curse, Celebrates Property Wagers
Feb. 24 (Bloomberg) -- Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., cited a farm he’s owned since 1986 to caution individuals against frequent buying and selling of stocks.
9. Slack Hiring Jumbles Outlook as Jobless Rate Drops: Economy
Feb. 7 (Bloomberg) -- Payrolls rose less than projected in January and the jobless rate unexpectedly dropped to the lowest level in more than five years, clouding the outlook for the U.S. economy and Federal Reserve.
10. Ex-Jefferies Trader Customers Say Lies a Common Trade Tactic
Feb. 25 (Bloomberg) -- Ex-Jefferies & Co. trader Jesse Litvak’s former customers told a jury during his fraud trial in Connecticut that lies and misrepresentations are a common part of the give-and-take of bond trading.
1. Why Marrying Your Equal Can Boost U.S. Inequality: Peter Orszag
Feb. 5 (Bloomberg) -- Rich and poor Americans are slowly but surely staking out separate lives. Increasingly, they have been moving to different communities, and more and more they are also marrying people of similar income and educational backgrounds. This is a phenomenon social scientists call assortative mating.
2. Credit Suisse CEO Joins Wall Street Clueless Club: Jonathan Weil
Feb. 27 (Bloomberg) -- One of the best lines to come out of the financial crisis was by Michael Lewis in a March 2008 column for Bloomberg News: “Jimmy Cayne plays bridge, and Stan O’Neal golfs while their firms collapse, not because they don’t care their firms are collapsing, but because they don’t know that their firms are collapsing,” he wrote.
3. What I Saw When I Visited the Dachau Gift Shop: Jeffrey Goldberg
Feb. 14 (Bloomberg) -- This is a piece about a photograph I took in the gift shop at the Dachau concentration camp a couple of weeks ago.
4. Buffett Drives Headline Writers Crazy: Jonathan Weil
Feb. 13 (Bloomberg) -- Few things in journalism are more amusing than dueling headlines from competing news organizations on a big breaking financial news story. And we have some doozies to enjoy thanks to a disclosure yesterday by Berkshire Hathaway Inc. and Graham Holdings Co., former publisher of the Washington Post.
4. Buffett Pal Munger Is Head of Very Weird Company: Jonathan Weil
Feb. 12 (Bloomberg) -- Charles Munger is the chairman of Daily Journal Corp., a small California newspaper publisher. He also is Warren Buffett’s longtime business partner and Berkshire Hathaway Inc.’s vice chairman. So it’s understandable why many investors would be curious to know what stocks Daily Journal owns.
1. Draghi Signals ECB Ready to Wait Until March for Action
Feb. 6 (Bloomberg) -- European Central Bank President Mario Draghi speaks at a news conference in Frankfurt about the decision to keep the main refinancing rate unchanged at 0.25 percent, inflation expectations and the outlook for future rat cuts.
2. Yellen Testifies on Federal Reserve Policy, U.S. Economy
Feb. 11 (Bloomberg) -- Federal Reserve Chairman Janet Yellen delivers her semi-annual report on monetary policy before the House Financial Services Committee in Washington.
3. Yellen Gives Fed’s Semi-Annual Report to Congress
Feb. 27 (Bloomberg) -- Federal Reserve Chairman Janet Yellen appears before the Senate Banking Committee in Washington to present the Fed’s semi-annual report to Congress. The hearing, originally scheduled for Feb. 13, was postponed by a snow storm.
4. BMW Woos Driving Machine Purists With New M235i Coupe
Feb. 6 (Bloomberg) --Bayerische Motoren Werke AG presents its new 2 Series model, the M235i, in a company video.
5. BOE’s Carney Updates Guidance, Renews Low-Rates Pledge
Feb. 12 (Bloomberg) -- Bank of England Governor Mark Carney speaks at a news conference about the bank’s quarterly inflation report, forward guidance, interest-rate expectations and unemployment. The BOE’s Spencer Dale, Charles Bean, Paul Fisher and Nils Blythe also speak.
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