Johnson Billionaires Found in Fidelity Fund Empire
Sept. 20 (Bloomberg) -- Bloomberg's Matthew G. Miller reports on the Johnson family, whose combined fortune is worth $22 billion, according to the Bloomberg Billionaires Index. The clan, led by patriarch Edward C. "Ned" Johnson III, controls businesses including Fidelity Investments, BostonCoach Corp. and Boston Seaport. Miller speaks on Bloomberg Television's "In the Loop." (Source: Bloomberg)
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58:15 - The Federal Reserve will refrain from raising interest rates this year and Treasuries are poised to rally, according to Amundi Asset Management, which oversees $1.1 trillion. U.S. policy makers, who meet Tuesday and Wednesday, will stay on hold as they struggle to spur inflation, said Eric Brard, the global head of fixed income. Treasuries will also benefit because they’re attractive compared to bonds in Japan and Europe, where yields are negative, Brard, who is based in Paris, said in an interview Monday in Singapore. Treasuries rose Tuesday. State Street Global Markets Global Head of Macro Strategy Michael Metcalfe discusses with "On the Move" hosts Manus Cranny in London and Caroline Hyde in Berlin.