Most Read on Bloomberg: Stocks Rally, Meredith Whitney, DefaultAudrey Barker
The following list comprises the of the most-read stories. Lists are based on daily statistics through Friday, Oct. 11.
Oct. 10 (Bloomberg) -- U.S. stocks jumped the most since January and Treasury bill rates tumbled as lawmakers moved toward an agreement to raise the debt ceiling and avoid a default. Gold slumped while oil rallied.
Oct. 10 (Bloomberg) -- Meredith Whitney, who built her own Wall Street advisory firm after winning renown for a 2007 call on Citigroup Inc., deregistered her brokerage unit following three unprofitable years and is setting up an investment fund, according to industry records.
Oct. 7 (Bloomberg) -- Anyone who remembers the collapse of Lehman Brothers Holdings Inc. little more than five years ago knows what a global financial disaster is. A U.S. government default, just weeks away if Congress fails to raise the debt ceiling as it now threatens to do, will be an economic calamity like none the world has ever seen.
Oct. 11 (Bloomberg) -- Brevan Howard Capital Management LP has started an investment fund run by a team of former Deutsche Bank AG market strategists in New York, as Europe’s second-biggest hedge-fund firm expands its presence in the U.S.
Oct. 9 (Bloomberg) -- Royal Bank of Scotland Group Plc has handed over records of instant messages to U.K. regulators after concluding a former currency trader’s communications with counterparts at other firms may have been inappropriate, according to two people with knowledge of the matter.
Oct. 11 (Bloomberg) -- JPMorgan Chase & Co. reported its first loss under Chief Executive Officer Jamie Dimon after taking a $7.2 billion charge to cover the cost of mounting litigation and regulatory probes.
Oct. 8 (Bloomberg) -- Brevan Howard Capital Management LP, Europe’s second-largest hedge-fund firm, hired former Goldman Sachs Group Inc. partner Dhruv Piplani, adding an equity-derivatives trader in Asia.
Oct. 9 (Bloomberg) -- President Barack Obama will nominate Janet Yellen as chairman of the Federal Reserve, which would put the world’s most powerful central bank in the hands of a key architect of its unprecedented stimulus program and the first female leader in its 100-year history.
Oct. 8 (Bloomberg) -- Morgan Stanley, Bank of America Corp. and Wells Fargo & Co. are poised to lead the six largest U.S. lenders by reporting a jump in earnings that may surprise some investors fixated on a slump in trading and mortgage lending.
Oct. 7 (Bloomberg) -- U.S. House Speaker John Boehner said the Republican-controlled chamber can’t pass an increase to the U.S. debt ceiling without packaging it with other provisions -- something President Barack Obama has labeled a nonstarter.
Oct. 9 (Bloomberg) -- To paraphrase the old E.F. Hutton commercials, “When Jamie Dimon talks, people listen.”
Oct. 7 (Bloomberg) -- “I am not a member of any organized political party,” the humorist Will Rogers said. “I am a Democrat.”
Oct. 7 (Bloomberg) -- In any negotiation, it is inadvisable to make threats that aren’t credible. Probably the only thing worse is to threaten actions that will end up helping the other side. Yet the Tea Party-affiliated House Republicans aren’t simply making this very mistake with the government shutdown; they are gearing up to do it again, on a grander and more fatal scale, with the debt ceiling.
Oct. 8 (Bloomberg) -- The showdown over the U.S. debt ceiling demonstrates a crucial failing of human beings: We are systematically incapable of understanding how precarious our existence, or the continuance of our currently familiar condition, really is.
Oct. 10 (Bloomberg) -- In an earlier time, you might have advertised your tech credentials with a pocket protector and a slide rule. For late 2013, there’s Samsung’s new Galaxy Gear smartwatch and Galaxy Note 3 phone.
Oct. 8 (Bloomberg) -- President Barack Obama speaks about the U.S. government shutdown and federal debt ceiling.
Oct. 10 (Bloomberg) -- The sixth generation Maserati Quattroporte sedan is seen in a promotional video from Maserati SpA.
Oct. 9 (Bloomberg) -- Meredith Whitney, who built her own Wall Street advisory firm after gaining renown for a 2007 call on Citigroup Inc., deregistered her brokerage unit after three unprofitable years and is setting up an investment fund, according to industry records.
Oct. 10 (Bloomberg) -- Treasury Secretary Jacob J. Lew testifies before the Senate Finance Committee in Washington about the need for Congress to raise the debt ceiling and the potential risks of a default.
Oct. 7 (Bloomberg) -- Dario Franchitti, a four-time IndyCar Series champion, suffered a spinal fracture yesterday when his car went airborne after a collision with Takuma Sato’s car and slammed into a metal safety fence during the final lap of the Houston Grand Prix.