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Global Correction Seen as U.S. Stocks Succumb to Broad Selloff
©2015 Bloomberg News NTES5Y6K50XU (Bloomberg) — Currency and equity markets from Hong Kong to Johannesburg and Istanbul were already faltering. Then U.S. stocks joined in. The stresses that have been building in global markets roared ashore in America Thursday as the Standard & Poor’s 500 Index tumbled the most in
The Financial Industry Is Having Its Napster Moment
published Apr 7th 2016, 7:04 am, by Eric Balchunas (Bloomberg) — Has the music stopped for the financial industry? Just as record companies in the early 2000s had to deal painfully with the digitization of music courtesy of Napster and Apple Inc.’s iTunes, many asset managers are now facing a
