Most Read on Bloomberg: Bankers' Jobs and Pay, Chinese Bondsby
The most-read Bloomberg News reports from the past week are listed below. The rankings are based on daily statistics through April 22.
See READSUMS for previous lists.
1. Oil Falls as Doha Output Talks Fail Amid Saudi Demands on Iran
(Bloomberg) -- Oil slid after talks Sunday in Doha between the world’s biggest producers ended without an agreement to limit supplies.
2. Wall Street Bonus Pay Restricted Under Regulators’ Proposal
(Bloomberg) -- Wall Street executives would have to wait at least four years to collect most of their bonus pay and could be forced to return money if their companies lose big under rules being proposed to install one of the last major planks of the Dodd-Frank Act.
3. Banker Unrest Threatens Credit Suisse, Deutsche Bank Turnarounds
(Bloomberg) -- Investors, regulators and employees hailed John Cryan andTidjane Thiam as leaders who could turn around Europe’s two biggest investment banks. Less than a year into their jobs, the joy is gone.
4. Soros’s Rogers, Donfeld to Leave After Disagreeing With CIO
(Bloomberg) -- David Rogers and Joshua Donfeld, two portfolio managers at billionaire George Soros’s family office, are leaving the firm over disagreements with its new chief investment officer about the direction of global markets, according to people with knowledge of the matter.
5. It’s All Suddenly Going Wrong in China’s $3 Trillion Bond Market
(Bloomberg) -- The unprecedented boom in China’s $3 trillion corporate bond market is starting to unravel.
6. Goldman First-Quarter Profit Plunges 60% as Revenue Drops
(Bloomberg) -- Goldman Sachs Group Inc., the worst performer in the Dow Jones Industrial Average this year, posted a 60 percent drop in profit as the firm reported its lowest revenue for a first quarter since Chief Executive Officer Lloyd Blankfein took the top post in 2006.
7. Weaker Dollar Sparks Commodities Rally; U.S. Stocks Edge Higher
(Bloomberg) -- The dollar fell to the weakest level since June, sparking a rally in commodities from oil to silver that lifted emerging-market assets. The Standard & Poor’s 500 Index closed above 2,100 for the first time since Dec. 1 amid a spate of corporate earnings results.
8. Treasuries Tumble as Dollar Gains With Crude; Stocks Edge Higher
(Bloomberg) -- U.S. stocks pared an advance that took the Standard & Poor’s 500 Index to a five-month high, while Treasuries tumbled and the dollar rose the most in a week versus the euro. Crude rallied to the highest since November as American production dropped.
9. U.S. Stocks Rise as Crude Pares Decline; Japan Futures Advance
(Bloomberg) -- U.S. stocks advanced, pushing the Dow Jones Industrial Average past 18,000 for the first time in nine months, as Brent crude pared losses amid falling output in Kuwait. Japanese index futures signaled advances.
10. Trump, Clinton Win New York Primaries to Control Their Races
(Bloomberg) -- Donald Trump and Hillary Clinton won their New York presidential primaries Tuesday, ending losing streaks for both campaigns and allowing the two front-runners to reassert control over their party nominating fights.
1. Parents Could Go Bankrupt Trying to Look Adequate: Megan McArdle
(Bloomberg View) -- Why can so few people seem to save any money? The number of people scraping along from paycheck to paycheck is astonishing; surveys routinely find that somewhere between a third and half of all Americans don’t have the savings to fund ordinary emergencies -- a moderately large repair, a month with no income. These are not the kind of astonishing runs of bad luck that no one could realistically expect to cover, like a $100,000 medical bill, or a multi-year illness that makes it impossible to work. They’re just the normal vicissitudes of regular life, and somehow, Americans are unprepared.
2. What Were They Thinking in North Carolina?: Matthew Winkler
(Bloomberg View) -- Why would a state making big recent strides in improving its economic health want to be on the wrong side of Google, American Airlines, Apple, Bank of America, Deutsche Bank, Duke University, Facebook, Lowes, Marriott, Microsoft, PayPal, the National Basketball Association, Wells Fargo and Bruce Springsteen?
3. Here’s Why U.S. Will Meet Paris Climate Goals: Michael Bloomberg
(Bloomberg View) -- As world leaders gather in New York on Friday to sign theParis Agreement on climate change, some have expressed concern that as they implement their commitments, the U.S. Supreme Court has put on hold the Obama administration’s Clean Power Plan. Their concern is understandable, but it’s important to recognize: The federal government is not the primary force in the U.S. fight against climate change, and even if the court ultimately strikes down certain parts of the plan, the U.S. will meet and probably exceed its commitment to reduce emissions by 26 to 28 percent by 2025. Here’s why.
4. If You’re Contrarian, You’re Like Everyone Else: Barry Ritholtz
(Bloomberg View) -- Romanticizing that you are a contrarian when you are indistinguishable from consensus can’t be good.
5. Online Poker’s Killing the Russian Chess Star: Gregory Mathieu
(Bloomberg View) -- Among the many weighty questions that Russia’s government has struggled with in recent months -- of war and peace, budget cuts and sanctions -- is this one: Is poker a game of skill or chance?
1. Draghi Defends ECB Stimulus: Full News Conference
(Bloomberg) -- European Central Bank President Mario Draghi speaks at the ECB’s six-weekly news conference in Frankfurt about the economy, inflation and the Governing Council’s stimulus measures.
2. BOE’s Carney at House of Lords Committee Hearing
(Bloomberg) -- Bank of England Governor Mark Carney spoke Tuesday before the House of Lords Economic Affairs Committee in London about the U.K. economy and the risks of leaving the European Union.
3. Obama Speaks About GCC Meeting
(Bloomberg) -- U.S. President Barack Obama speaks on the closing day of the Gulf Cooperation Council meeting in Riyadh.
4. ECB Holds Steady on Interest Rates, Bond-Buying Program
(Bloomberg) -- The European Central Bank kept interest rates at record lows and stayed the course on its bond-buying program as President Mario Draghi looks for economic effects of additional stimulus announced at the central bank’s last meeting. Bloomberg’s Jonathan Ferro reports on “Bloomberg ‹GO›.”
5. George Soros Warns Over China’s Debt
(Bloomberg) -- Billionaire investor George Soros is sounding the alarm bells over China. He says its debt-fueled economy looks just like the U.S. did eight years ago before credit markets froze up and caused a global recession. Bloomberg’s Haidi Lun reports on “Asia Edge.”
--With assistance from Anny Kuo in New York.