Most Read on Bloomberg: Brexit and Sterling, Soros Back in Gameby
The most-read Bloomberg News reports from the past week are listed below. The rankings are based on daily statistics through June 11.
See READSUMS for previous lists.
1. Pound Weakens as Three Surveys Signal Greater Chances of Brexit
(Bloomberg) --The more the pound is rattled by public opinion, the more attention it gets from the rest of the world.
2. Soros Said to Return to Hands-On Trading, Sees Market Shifts
(Bloomberg) -- Billionaire investor George Soros has become more involved in trading at his family office, concerned about the outlook for the global economy and the risk that large market shifts may be at hand, according to a person familiar with the matter.
3. Stocks, Oil Sink While Dollar Rallies as Brexit Risk Ramps Up
(Bloomberg) -- Global stocks posted their steepest drop in four months, the dollar rallied, and bond yields slid to record lows, as investors braced for a series of events later this month that could renew turbulence in markets.
4. Lone Wolf Saved by Soros Trounces Peers With $1 Billion Fund
(Bloomberg) -- In the early 1980s, Hideo Shiozumi walked out of his job as a fund manager and was planning to open a Japanese restaurant, when he got a call from George Soros.
5. Clinton Claims Historic Victory as Battle With Trump Begins
(Bloomberg) -- Hillary Clinton declared herself the victor in the Democratic nominating race, becoming the first woman to run as the presidential candidate of a major U.S. political party, and immediately launched her general election campaign with an attack on presumptive Republican nominee Donald Trump.
6. Goldman Sells Stakes in Five Hedge Funds for $800 Million
(Bloomberg) -- Goldman Sachs Group Inc. is selling minority stakes in five hedge funds to Affiliated Managers Group Inc. for about $800 million.
7. S&P 500 Rises to 10-Month High as Crude Rallies, Dollar Weakens
(Bloomberg) -- The S&P 500 Index rose to the highest level since July as crude settled above $50 a barrel and the dollar weakened to a one-month low on speculation that the Federal Reserve won’t rush to raise rates amid moderate growth in the world’s largest economy.
8. Stocks End Winning Streak as Optimism Ebbs; Bonds, Dollar Climb
(Bloomberg) -- A weeklong rally in global stocks ended as investors reassessed the outlook for global economic growth ahead of a series of events that could set the tone in financial markets for the next six months.
9. Draghi Fires Starting Gun on Corporate Bond Purchases in Europe
(Bloomberg) -- The European Central Bank entered new territory in its efforts to stimulate the euro region’s flagging economy, plunging into the corporate bond market on Wednesday and buying the debt of some of the continent’s biggest companies.
10. Here’s How George Soros’s Latest Predictions Have Played Out
(Bloomberg) -- George Soros, the 85-year-old billionaire who broke the Bank of England in 1992, is becoming more involved in day-to-day trading at his family office, taking a series of big, bearish bets.
1. Markets May Have Overreacted to Jobs Report: Mohamed A. El-Erian
(Bloomberg View) -- The very sharp drop in yields on U.S. Treasuries on Friday suggests that the fixed-income markets have interpreted the last week’s disappointing jobs report as an indication that the economy is facing diminishing demand momentum. As a result, traders significantly lowered their expectations of an interest-rate hike by the Federal Reserve this summer, which also drove down yields elsewhere in the world.
2. Jamie Dimon’s 8 Billion Reasons to Oppose Brexit: Mark Gilbert
(Bloomberg View) -- Britain’s pro-Europe camp drafted Jamie Dimon last week to warn about the dangers of quitting the European Union. Some commentators questioned the wisdom of enlisting the American JPMorgan chief to sway hearts and minds of Brits. A better question might be why the banking chief went to Bournemouth to share a platform with Chancellor of the Exchequer George Osborne.
3. Uber and Strippers Have Something in Common: Noah Feldman
(Bloomberg View) -- You might not think that Uber and strippers belong in the same sentence. But both are deeply interested in the great legal question of the sharing economy: who’s an independent contractor and who’s an employee?
4. Mr. Trump Is Ready for His Close-Up. Always.: Timothy L. O’Brien
(Bloomberg View) -- Donald Trump tapped my arm as we flew to Los Angeles on his jet and, between bites of Oreos, confided a little something: “Clint Eastwood is the greatest star ever,” he said. “All those Sergio Leone westerns. Nobody was cooler.”
5. Five Reasons Decent People May Want to Back Trump: Megan McArdle
How can a decent human being support Donald Trump?
That’s a question that a lot of pundits have been asking in recent days, particularly as we are treated to the sight of Speaker of the House Paul Ryan calling Trump’s remarks about the Hispanic judge in his fraud case “the textbook definition of a racist comment” while still refusing to disavow his support for the Republican nominee.
1. Fed’s Yellen Speaks: Monetary Policy, U.S. Economy
Federal Reserve Chair Janet Yellen speaks about the U.S. economy and monetary policy. She speaks at an event hosted by the World Affairs Council of Philadelphia.
2. Fed’s Yellen Talks About Labor Market, Job Training
Federal Reserve Chair Janet Yellen participates in a roundtable discussion about the labor market and job training at the West Philadelphia Skills Initiative.
3. Draghi: Cost of Delaying Reforms Too High to Ignore
European Central Bank President Mario Draghi speaks about fiscal policy and the economic outlook in the region. Draghi speaks at the Brussels Economic Forum.
4. Modi Speaks to Congress About India-U.S. Relations
India’s Prime Minister Narendra Modi speaks about the relationship between India and the U.S. He speaks to a joint meeting of Congress in Washington.
5. Marks: People Need to Understand Economic Reality
Oaktree Capital co-Chairman Howard Marks discusses the political realities of economics. He speaks on "Bloomberg ‹GO›."
--With assistance from Anny Kuo in New York.