The Volcker Rule, which curbs risk- taking by banks by imposing restrictions on speculating with their own money, excludes collateralized loan obligations that don’t hold assets other than loans, according to the Loan Syndications & Trading Association.
Jonathan Miller, the president and chief executive officer of Miller Samuel Inc., says that after falling for three months in a row, apartment rents in Manhattan are likely to stabilize as a spate of home purchases in the borough, which was spurred by rising mortgage rates, subsides. Miller speaks with Bloomberg's Kathleen Hays and Vonnie Quinn on Bloomberg Radio's "The Hays Advantage."
Scott Adams, the cartoonist who created the comic strip "Dilbert" and author of several books, discusses his latest work, "How to Fail at Almost Everything and Still Win Big: The Kind of Story of My Life." Adams speaks with Bloomberg's Kathleen Hays and Vonnie Quinn on Dec. 10 on Bloomberg Radio's "The Hays Advantage."
Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co. and is recommending short-term debt, maintained his biggest holdings in Treasuries and U.S. government-related securities in November.
Cecile Bonnefond, chief executive officer of Piper-Heidsieck and Charles Heidsieck Champagnes, says holiday purchases account for 40% of sales. Bonnefond talks with Bloomberg's Pimm Fox and Carol Massar on Bloomberg Radio's "Taking Stock" on December 9th.
Five U.S. agencies will finish the Volcker rule today after more than three years of Wall Street resistance to its limits on trading and investing. Lawmakers and their allies who want to rein in big banks are ready to pounce if it isn’t strict enough.
Susan MacTavish-Best, founder of Living MacTavish, explains how she leveraged her years teaching technology titans in Silicon Valley how to entertain, by starting her own lifestyle brand. Living MacTavish encourages people to get offline and spend time with friends. MacTavish-Best started a retail website www.livingmactavish.com selling MacTavish lifestyle goods and offering lifestyle tips. MacTavish Best speaks with Bloomberg's Kathleen Hays and Vonnie Quinn on Bloomberg Radio's "The Hays Advantage."
Honed by 15 years of falling consumer prices that burnished the appeal of fixed-income assets in Japan, the Asian nation’s bond buyers are amassing long-term Treasuries as disinflation emerges in the U.S.
The share of economists predicting the Federal Reserve will reduce bond buying in December doubled after a government report showed back-to-back monthly payroll gains of 200,000 or more for the first time in almost a year.