Most Read on Bloomberg: Stocks, Bonuses, Buffett, Burger FlipperAudrey Barker
The following list comprises the of the most-read stories. Lists are based on daily statistics through Friday, Oct. 10.
Oct. 9 (Bloomberg) -- The Standard & Poor’s 500 Index wiped out its biggest rally of the year as small-caps tumbled with oil amid concern over Europe’s economy. Gold rose on bets the largest economies will keep interest rates low.
Oct. 7 (Bloomberg) -- Stocks tumbled and bonds rallied, sending yields to the lowest since May 2013, as the International Monetary Fund cut its global outlook and German industrial production plunged. Oil slid to a 17-month low.
Oct. 9 (Bloomberg) -- Bond traders at JPMorgan Chase & Co. and Citigroup Inc. face the fastest-shrinking bonus pools on Wall Street this year, while Morgan Stanley investment bankers head for the greatest gains.
Oct. 10 (Bloomberg) -- Global stocks extended a selloff, with the Dow Jones Industrial Average erasing gains for the year, as losses among chipmakers spread to the broader market amid concern over economic growth. Treasuries climbed with the dollar.
Oct. 8 (Bloomberg) -- Stocks rallied with Treasuries, giving the Standard & Poor’s 500 Index its biggest gain of the year, as Federal Reserve concerns over a global slowdown spurred bets interest rates will remain low. Gold rose, the dollar erased gains while Brent crude slid into a bear market.
Oct. 7 (Bloomberg) -- Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said he was puzzled by the sluggish rebound in U.S. home construction amid near record-low interest rates and a broader recovery in the economy.
Oct. 7 (Bloomberg) -- “Inactivity drives me crazy,” said Tom Palome, a 78-year-old former marketing executive who works as a short-order cook and bartender to make ends meet.
Oct. 6 (Bloomberg) -- Russia’s wheels of power are grinding to a halt.
Oct. 8 (Bloomberg) -- Federal Reserve policy makers last month worried that slowing global growth and a stronger dollar posed risks to the U.S. economy as they decided to maintain a pledge to keep interest rates low for a “considerable time.”
Oct. 6 (Bloomberg) -- Kelly Wood, 29, and her husband Ethan Bushman married last month, waiting seven years after they met in order to further their education and careers.
Oct. 6 (Bloomberg View) -- Kerrisdale Capital, the self-promotin’-est hedge fund in the land, is out with its big billion-dollar short idea, and it’s Globalstar.
Oct. 5 (Bloomberg View) -- I’ve been rereading a novel that I’m increasingly sure is an unacknowledged masterpiece. You may be unaware of it -- in the U.S., it’s been in and out of print, with more than one title. I’ve praised it before, but persistence is a virtue and I believe you’ll thank me for giving you another chance to discover it.
Oct. 8 (Bloomberg View) -- In many ways, 2011 was the year the 1970s finally ended. It was when solar power first started to show that it could be more economically viable than in the Jimmy Carter years. It also was the year that the conservative populism that started taking over the nation in the ’70s reached a sort of reductio ad absurdum with the Tea Party and the debt-ceiling threat. And it was the year when most of America finally realized that inflation wasn’t coming back.
Oct. 6 (Bloomberg View) -- One of the things I like to do in all of my musings is to find some thing or person who is wrong about an investing-related subject, then trying to figure out where they went awry. On occasion, small pearls of wisdom can be derived from this analytical process, as in this discussion on narrative. Other times, the lessons are simply an exercise in snarky fun, as in the “12 Rules of Goldbuggery.”
Oct. 8 (Bloomberg View) -- In August 2012, Crockfords, one of London’s poshest casinos, refused to pay Phil Ivey $14.3 million he won playing Punto Banco (a form of baccarat), claiming he cheated. Ivey sued, and has now lost, in Her Majesty’s High Court of Justice. Meanwhile, in a mirror-image case, the Borgata in Atlantic City has sued Ivey to recover $9.63 million he also won playing that game.
Oct. 9 (Bloomberg) -- European Central Bank President Mario Draghi speaks at the Brookings Institution in Washington about ECB policy, the European economy and investors’ expectations for the timing of interest-rate increases.
Oct. 8 (Bloomberg) -- Bank of Japan Governor Haruhiko Kuroda speaks about the nation’s economy and policy at the Economic Club of New York.
Oct. 9 (Bloomberg) -- U.S. Federal Reserve Vice Chairman Stanley Fischer, International Monetary Fund Managing Director Christine Lagarde, Eurogroup President Jeroen Dijsselbloem, Banco de Mexico Governor Agustin Carstens and Bank Negara Malaysia Governor Zeti Akhtar Aziz participate in a panel discussion about the outlook for the global economy and central bank policy.
Oct. 6 (Bloomberg) -- BlackRock chief investment strategist Jeffrey Rosenberg talks about changes to fixed income investing and how divergence creates investing opportunities.
Oct. 6 (Bloomberg) – Cocktail culture is going through a renaissance and prices reflect it. But how much are you actually paying for the ingredients? Bloomberg spoke to three of New York City’s most popular mixologists to figure out exactly how much is actually going into that glass.