Most Read on Bloomberg in January: El-Erian’s Exit, Stocks FallAudrey Barker
The following list comprises the
Lists are based on monthly statistics through Jan. 31.
1. Gross Heir Apparent El-Erian Quits as Pimco Sees Redemptions
Jan. 22 (Bloomberg) -- Mohamed El-Erian, widely viewed as the successor to Pacific Investment Management Co.’s Bill Gross, resigned after six years as the firm struggles to stem record redemptions from the world’s largest bond fund.
2. Stocks Fall as Slide in Emerging Markets Sends Bonds, Yen High
Jan. 24 (Bloomberg) -- Global stocks tumbled the most since June, as the biggest drop in emerging markets in two months prompted investors to seek havens in Treasuries, German bunds and the yen. Natural gas reached a three-year high.
3. Shocked Gross Told El-Erian ‘Hell No’ Seeking to Stop Departure
Jan. 23 (Bloomberg) -- When Mohamed El-Erian first told Bill Gross several weeks ago that he wanted to leave to "recharge the batteries," the co-founder of Pacific Investment Management Co. was "shocked" and "discouraged."
4. Fed Seen Sticking to Gradual Tapering of Purchases
Jan. 11 (Bloomberg) -- The Federal Reserve will stick to its plan for a gradual reduction in bond purchases, economists said after a government report showed that U.S. employment rose at the slowest pace in three years in December.
5. JPMorgan Technology VP Dies in Fall From London Headquarters
Jan. 28 (Bloomberg) -- A vice president in technology operations, Gabriel Magee, died after falling from JPMorgan Chase & Co.’s London headquarters, the bank said today.
6. U.S. Stocks Tumble as Treasuries Rise With Gold After China Data
Jan. 23 (Bloomberg) -- U.S. stocks slumped, with the Dow Jones Industrial Average sliding to the lowest close in a month, while Treasuries rose after a gauge signaled a contraction in Chinese manufacturing. Emerging-markets equities slipped and the dollar retreated while gold and natural gas climbed.
7. U.S. Stocks Sink With Emerging Currencies After Fed; Yen Climbs
Jan. 29 (Bloomberg) -- U.S. stocks fell, pushing the Standard & Poor’s 500 Index to a two-month low, while Treasuries and the yen gained as the Federal Reserve said it would make further cuts to economic stimulus and as emerging-market currencies weakened. Gold and natural gas climbed.
8. Treasuries to Oil Retreat Before Fed as U.S. Stocks Extend Drop
Jan. 27 (Bloomberg) -- Treasuries fell before the Federal Reserve’s meeting tomorrow and commodities slid after data on U.S. home sales missed forecasts. U.S. stocks slipped, with the Standard & Poor’s 500 Index extending its biggest weekly drop since 2012 as emerging-market shares declined.
9. BlackRock to End Analyst Queries For Nonpublic Data in N.Y. Pact
Jan. 9 (Bloomberg) -- BlackRock Inc., the world’s biggest money manager, agreed to end an analyst survey program that New York Attorney General Eric Schneiderman said could be used to execute trades based in part on nonpublic information.
10. Frigid Air Threatens Coldest U.S. Weather in Almost 20 Years
Jan. 6 (Bloomberg) -- The coldest air in almost 20 years is sweeping over the central U.S. toward the East Coast, threatening to topple temperature records, ignite energy demand and damage Great Plains winter wheat.
1. Bankers Elated That Sheila Bair Is Joining a Bank: Jonathan Weil
Jan. 28 (Bloomberg) -- Sheila Bair, the Federal Deposit Insurance Corp.’s chairman from 2006 to 2011, has been hired for a new gig as a board member at the Spanish lender Banco Santander SA. This seems to have gotten some people upset, even riled.
2. Cohen Seems Oblivious to Trading Law: William D. Cohan
Jan. 6 (Bloomberg) -- You’ve got to figure that if the Justice Department had the goods on Steven A. Cohen, the billionaire hedge-fund manager, we would know about it by now. For years, the U.S. has been investigating allegations that Cohen’s SAC Capital Advisors LP is little more than a sandbox for insider traders. Cohen, the ultimate prize, has so far evaded Justice’s clutches.
3. Bill Ackman Has a Short-Sale Lesson for All of Us: Jonathan Weil
Jan. 29 (Bloomberg) -- One of the market’s best-performing stocks yesterday was a company called World Acceptance Corp., which makes small loans to people whose finances are in dreadful condition, many of whom can’t even get a credit card. This is a lucrative business, as long as the cops don’t clamp down too hard. And so far they haven’t, notwithstanding the efforts of some hedge funds that have shorted World Acceptance’s shares.
4. Soros May Make Next $2 Billion Off China’s Enron: William Pesek
Jan. 8 (Bloomberg) -- George Soros probably shouldn’t expect any warm invitations to Beijing -- not with the much-reviled short seller warning of a giant Chinese crash.
5. Kim Jong Un’s $5 Trillion Price Is Worth Paying: William Pesek
Jan. 17 (Bloomberg) -- As Park Geun Hye searches for ways to compete with China and Japan, the South Korean president is eyeing a rather surprising ally: Kim Jong Un.
1. Draghi Bolsters Pledge to Keep Rates Low to Aid Economy
Jan. 9 (Bloomberg) -- European Central Bank President Mario Draghi speaks at a news conference in Frankfurt about the decision to keep its benchmark interest rate unchanged at a record low 0.25 percent, inflation expectations and the asset-quality review of the region’s banks.
2. Hollande Says Must Cut Spending to Reduce Taxes
Jan. 14 (Bloomberg) -- French President Francois Hollande
discusses cuts in public spending, taxation and euro-area
3. Polar Blast Plunges Chicago Temperatures to Below Zero
Jan. 6 (Bloomberg) -- The coldest air in almost 20 years
is sweeping over the central U.S. toward the East Coast,
threatening to topple temperature records, ignite energy demand and damage Great Plains winter wheat.
4. Glenview’s Robbins Tops Markets Magazine Hedge List
Jan. 8 (Bloomberg) -- Larry Robbins’s Glenview Capital Opportunity Fund gained 84 percent through Oct. 31, making it No. 1 in the annual Bloomberg Markets ranking of the best-performing large hedge funds. David Goel’s Matrix Capital Management Fund came in second, followed by John Paulson’s Paulson Recovery Fund. The ranking is a featured article in the February issue of Bloomberg Markets magazine.
5. Rodman Sings ‘Happy Birthday’ to N. Korean Leader Kim
Jan. 8 (Bloomberg) -- Former National Basketball Association player Dennis Rodman sang "Happy Birthday" to North Korean leader Kim Jong Un prior to an exhibition basketball game earlier today at Pyongyang Indoor Stadium. Kim watched from the stands.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The Two Words That Will Help Get an Airline Upgrade Over the Phone
- Stocks Turn Lower, Dollar Rises After Fed Minutes: Markets Wrap
- Risky Crypto Bet Dents Dennis Gartman's Retirement Account
- Apple in Talks to Buy Cobalt Directly From Miners
- Brighter U.S. Growth Outlook Emboldens Fed on Rate-Hike Course