(Bloomberg View) - Humans have a terrible track record of predicting financial crises in time to fend them off. Some computer scientists think that algorithms might help...
(Bloomberg) -- Why would anyone spend $24 million to buy a 1 percent stake in the New York Yankees? Minority ownership seems like a lose-lose proposition: A lot of money for very little power. For wealthy sports fans, though, it’s cool ...
(Bloomberg) -- Money managers are dumping Treasury exchange-traded funds as a revival in equity and commodity prices curbs demand for the relative safety of U.S. debt...
A move to introduce post-trade reporting in Treasuries would shift the market for U.S. government debt closer to the approach in corporate and municipal bonds
(Bloomberg) -- Billionaire Steven Cohen has a way to raise money from outside investors prior to 2018, the year he can resume running hedge funds under a January settlement with the U.S. Securities and Exchange Commission...
(Bloomberg) -- BlackRock Inc., the world’s largest money manager, said first-quarter profit fell 20 percent as a global stock-market slump early in the year crimped revenue and the firm cut jobs...
(Bloomberg) -- Bank of America Corp. posted a first-quarter profit that missed analysts’ estimates as trading and underwriting revenue dropped and energy loans soured. The stock fell in early trading in New York...
