Most Read on Bloomberg: Stocks Slump, Altruistic Bankers, HiringAudrey Barker
The following list comprises the of the most-read stories.
Lists are based on daily statistics through Friday.
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.
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.
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.
Feb. 3 (Bloomberg) -- A winter storm spread snow, ice and sleet across the Northeast, dropping as much as 8 inches (20 centimeters) on parts of New York City and grounding flights as visiting Super Bowl fans sought to get home.
Feb. 4 (Bloomberg) -- Bank of America Corp., the second-largest U.S. lender, cut the bonus pool for interest-rate traders by 15 percent to 20 percent as revenue fell, said two people with direct knowledge of the matter.
Feb. 3 (Bloomberg) -- Jason Brady avoided 10-year Treasury notes as yields fell to all-time lows and a soaring stock market slowly sapped demand for government debt. No more.
Feb. 5 (Bloomberg) -- Bill Gross, who oversees the world’s biggest bond fund at Pacific Investment Management Co., said the pace of economic growth in China is among the biggest questions in developing nations and the largest risks for markets.
Feb. 7 (Bloomberg) -- Former SAC Capital Advisors LP fund manager Mathew Martoma was found guilty in the most lucrative insider-trading scheme ever as federal prosecutors racked up a seventh conviction in their six-year probe of the hedge fund and its billionaire founder, Steven A. Cohen.
Feb. 6 (Bloomberg) -- U.S. stocks rallied the most this year amid better-than-estimated earnings and jobless claims, while the euro rose and German bonds fell as the European Central Bank left interest rates unchanged and refrained from adding stimulus. Gasoline, nickel and zinc led commodity gains.
Feb. 4 (Bloomberg) -- U.S. stocks rose, with the Standard & Poor’s 500 Index rebounding following the biggest drop since June, as Treasuries retreated and Turkey’s lira led gains among emerging-market currencies. A gauge of stocks in developing nations extended its worst-ever start to a year.
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.
Feb. 6 (Bloomberg) -- Using the tragic death of a celebrity as a basis to discuss national drug problems is usually pointless. For one thing, the actor Philip Seymour Hoffman, who died with a syringe in his arm and packets of drugs found nearby, had the wealth and access to insulate himself from some mundane forces -- price and availability -- that affect so many people struggling with addiction.
Feb. 4 (Bloomberg) -- For such a smart politician, Chris Christie sure can be dumb. How stupid is it to go after an ally who could hurt you by hurting him first and where it hurts most: revisiting his awkward teenage years?
Feb. 6 (Bloomberg) -- On any list of banking accidents waiting to happen, China is assured a place at the very top. But could a crash there take the entire global economy down with it?
Feb. 6 (Bloomberg) -- The U.S. has been in a jobs emergency since at least 2008. The cause of the crisis -- too little demand -- isn’t mysterious, and neither are the solutions. We could invest in infrastructure to create construction jobs. We could give tax breaks to employers who hire new workers. We could restore the payroll tax cut to workers so they have more money to spend. We could help state and local governments hire back some of the employees they laid off during the recession. Macroeconomic Advisers, an economic consulting firm, found that the American Jobs Act, which contained many of these policies, would have created 2 million jobs.
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 rate cuts.
Feb. 6 (Bloomberg) -- Bayerische Motoren Werke AG presents its new 2 Series model, the M235i, in a company video.
Feb. 4 (Bloomberg) -- Bill Gross, co-founder of Pacific Investment Management Co., talks about the outlook for financial markets, investment strategy and resignation of Pimco Chief Executive Officer Mohamed El-Erian.
Feb. 3 (Bloomberg) -- The Seattle Seahawks captured their
first Super Bowl since joining the National Football League in
1976 with a 43-8 rout last night of the Denver Broncos, the
biggest margin of victory by an underdog in the game’s 48-year
Feb. 6 (Bloomberg) -- Former SAC Capital Advisors LP fund manager Mathew Martoma was found guilty in the most lucrative insider trading scheme ever as federal prosecutors racked up a seventh conviction in their six-year probe of the hedge fund and its billionaire founder, Steven A. Cohen.