Most Read on Bloomberg: Goldman Drops Och-Ziff, BOE Stimulatesby
The most-read Bloomberg News reports from the past week are listed below. The rankings are based on daily statistics through Aug. 6.
See READSUMS for previous lists.
1. Goldman Employees to Pull $350 Million From Och-Ziff Fund
(Bloomberg) -- Goldman Sachs Group Inc.’s retirement plan is pulling cash from one of the investment bank’s most famous alumni, liquidating a hedge fund run by Daniel Och’s Och-Ziff Capital Management Group.
2. Carney Ready to Cut Rate Again After BOE Eases on Brexit Fallout
(Bloomberg) -- Mark Carney unleashed a package of stimulus, including the Bank of England’s first interest-rate cut in seven years, and said more easing could come as Britain feels the effects of its decision to leave the European Union.
3. Buffett Rips Trump on Tax Returns, Bankruptcies at Rally
(Bloomberg) -- Billionaire investor Warren Buffett ripped into Republican Donald Trump Monday over his refusal to release tax returns, his business bankruptcies, and his attack on a fallen soldier’s family, repeating a famous phrase from the McCarthy era, “have you no sense of decency, sir?”
4. Global Stocks Drop as Oil Stokes World Growth Angst; Yen Climbs
(Bloomberg) -- Investors turned risk averse, sending U.S. stocks to their biggest drop in four weeks amid a selloff in equities from Japan to Europe as oil’s plunge into a bear market rekindled global growth concerns. Gold climbed with the yen amid demand for havens.
5. Donald Trump Tries to Slow Down Campaign Skid
(Bloomberg) -- Donald Trump’s campaign is trying mightily to turn around a rough week by dispatching his running mate to fix his most pressing problem while aides circled the wagons against an onslaught of criticism.
6. Trump’s Attacks on Khan Family Roil Race But May Not Alter It
(Bloomberg) -- Donald Trump’s swipe at the heartbroken parents of a Muslim-American war hero killed in Iraq has sparked condemnation across party lines, prompting top Republicans in Congress to distance themselves from the GOP presidential nominee, and for Democrat Hillary Clinton to reassess her own tack with voters during a weekend bus tour across Pennsylvania and Ohio.
7. Oil Sinks Into Bear Market as U.S. Stocks Drop; Treasuries Fall
(Bloomberg) -- Crude oil sank into a bear market, falling below $40 a barrel for the first time since April amid renewed concerns over a supply glut. Energy producers drove declines in U.S. stocks, while emerging-market equities jumped to their highest level in almost a year.
8. Trump Urges Exit From Market Boosted by ‘Artificially Low’ Rates
(Bloomberg) -- Donald Trump on Tuesday said interest rates set by the Federal Reserve are inflating the stock market and recommended 401(k)-holders to get out of equities, just like he did.
9. ‘Trump Is Cratering’: New Polls Signal Deep Trouble for Republican Nominee
(Bloomberg) -- A raft of new national and battleground-state polls released Thursday found Donald Trump slipping well behind Hillary Clinton one week after the end of the Democratic convention, and as the Republican nomineereels from a public feud with the parents of a slain Muslim American soldier
10. Paul Tudor Jones Calls on Quants to Revamp Firm Hurt by Losses
(Bloomberg) -- Even for Paul Tudor Jones, who became a hedge fund legend by trading the old fashioned way, it’s time to bring in the quants.
1. The Company That Donald Trump Keeps: Timothy L. O’Brien
(Bloomberg View) -- With Donald Trump’s skeletal presidential operation navigating rough waters, how might he steer his ship back on course? He could try taking his own advice and begin building relationships with respected, trustworthy advisers and fellow politicians.
2. Why You Should Thank Donald Trump: Pankaj Mishra
(Bloomberg View) -- Political life in the West, it is safe to say, has not witnessed a figure such as Donald Trump for decades. His attacks on the parents of Army Captain Humayun Khan, who died on duty in Iraq in 2004, is the latest jaw-dropping episode from his presidential campaign. But as he lurches toward what one hopes will be ignominious defeat in November, we must also acknowledge two positive contributions he has made, however inadvertently, to public life.
3. Why Millennials Having Less Sex Is Worrying: Leonid Bershidsky
(Bloomberg View) -- Millennials are less sexually active as young adults than previous generations were. On the surface, that looks great: They appear to be less disposed toward risky behaviors, better at saying no to unwanted encounters, more motivated to study, work and make money, which could lead to more financially secure, happier families. Yet there could be an ugly side to this that could turn what looks like increased responsibility into a demographic threat.
4. How Low Will Republican Leaders Let Trump Go?: Margaret Carlson
(Bloomberg View) -- Silence is not enough.
Republicans who refused to attend the convention last month got a lot of praise for not falling in line behind a dangerous demagogue. But after Donald Trump’s attacks on the Muslim-American parents of a fallen soldier, merely passing on attending this coronation is insufficient. As are the statements criticizing the nominee flowing out of Washington. How can you condemn Trump for his inhuman reaction to the parents of an American hero but still endorse him to be president?
5. ‘Helicopter Money’ Is Coming to America: A. Gary Shilling
(Bloomberg View) -- Several years of rock-bottom interest rates around the world haven’t been all bad. They’ve helped reduce government borrowing costs, for sure. Central banks also send back to their governments most of the interest received on assets purchased through quantitative-easing programs. Governments essentially are paying interest to themselves.
1. BOE’s Carney on Stimulus Measures: News Conference
(Bloomberg) -- Governor Mark Carney speaks at the Bank of England’s quarterly inflation report news conference in London after unveiling an “exceptional” package of stimulus, including the BOE’s first interest-rate cut in seven years.
2. BOE Decision LIVE: Bloomberg TV Coverage
(Bloomberg) -- Live coverage of the Bank of England interest-rate decision on Bloomberg Television.
3. BofAML’s Blanch: Buy This Oil Dip Ahead of Rebound to $50
(Bloomberg) -- Francisco Blanch, head of global commodity research at Bank of America Merrill Lynch, sees a rebound in oil prices by the end of the year. He explained to Francine Lacqua and Tom Keene on "Bloomberg Surveillance" why this pullback is a "buying opportunity."
4. Buffett to Trump: Have You No Sense of Decency, Sir?
(Bloomberg) -- Warren Buffett, the billionaire chairman of Berkshire Hathaway, speaks at a Hillary Clinton campaign event in Omaha, Nebraska.
5. Donald Trump Speaks at Rally in Virginia
(Bloomberg) -- Republican presidential nominee Donald Trump speaks at a campaign rally in Loudoun County, Virginia.
--With assistance from Anny Kuo in New York.