published Dec 24, 2018, 12:00:15 AM, by Mark Gilbert(Bloomberg Opinion) — It’s almost 80 years since Fred Schwed’s book “Where are the Customers’ Yachts?” lifted the lid on Wall Street’s propensity to enrich itself at the expense of its clients. A new study suggests that the most lucrative investment a fund

published Dec 19, 2018, 8:53:14 AM, by Vivian Nereim(Bloomberg) — It was time to showcase the new Saudi Arabia. Under pulsing lights, men and women danced to the bass line of house music superstar David Guetta after electric racing cars whizzed around a track. Crown Prince Mohammed bin Salman, the 33-year-old

published Dec 27, 2018, 7:23:02 PM, by Matthew Burgess(Bloomberg) — The late surge in U.S. stocks on Thursday might prove to be a one-afternoon wonder, if futures trading Friday is anything to go by. Despite the biggest upward reversal on Wall Street since 2010, contracts are in the red in Asian

published Dec 24, 2018, 12:00:15 AM, by Mark Gilbert(Bloomberg Opinion) — It’s almost 80 years since Fred Schwed’s book “Where are the Customers’ Yachts?” lifted the lid on Wall Street’s propensity to enrich itself at the expense of its clients. A new study suggests that the most lucrative investment a fund

published Dec 26, 2018 7:55:35 PM, by Christopher Anstey (Bloomberg) — Asian stocks climbed on Thursday after the biggest rally in U.S. equities since 2009 offered relief from this month’s wrenching global market downturn. Japanese benchmarks jumped well over 3 percent and Australian shares advanced more than 1 percent as

published Dec 26, 2018 7:37:43 PM, by Abhishek Vishnoi, Min Jeong Lee, Matthew Burgess and Livia Yap (Bloomberg) — Some Asia equity traders greeted U.S. stocks’ best rally since 2009 — and subsequent strong gains in Japanese shares — with conviction that this is more a turning point than a

published Dec 25, 2018 8:49:40 PM, by Sarah Ponczek (Bloomberg) — U.S. stock-index futures extended their losses, signaling that the benchmark for American equities could enter a bear market when cash markets reopen on Dec. 26. March contracts on the S&P 500 Index slipped 0.4 percent as of 10:48 a.m.

published Dec 23, 2018 5:07:18 PM, by Saleha Mohsin and Ros Krasny (Bloomberg) — Treasury Secretary Steven Mnuchin called top executives from the six largest U.S. banks over the weekend, he said Sunday on Twitter, a move that followed heavy losses in the stock market last week and a partial

published Dec 23, 2018 6:28:28 PM, by Vildana Hajric and Elena Popina (Bloomberg) — U.S. stock futures were mixed, signaling the S&P 500 may get a reprieve from a months-long rout as investors speculated the chaos gripping Washington won’t spill over into the economy. Contracts on the S&P 500 retreated

published Dec 20, 2018 8:21:34 PM, by Tom Schoenberg, Chris Dolmetsch and Jennifer Epstein (Bloomberg) — The U.S. Justice Department announced indictments accusing Chinese officials of coordinating a decade-long espionage campaign to steal intellectual property and other data from dozens of companies, drawing a strong denial from China. Two Chinese