Financial News & Markets Analysis

Cristina Fernandez de Kirchner, president of Argentina, speaks to Economy Minister Axel Kicillof in Buenos Aires on Sept. 30

Photograph by MartinZabala/Xinhua Press/Corbis

A New Twist in the Argentine Debt Saga

Bondholder Kenneth Dart, after staying quiet, says he wants full payment—just like Paul Singer

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Energy

Four Reasons Europe Is Stuck Buying Gas From Putin
Although Europe would like to end its reliance on Russian gas, alternative sources are either too expensive or not abundant enough
Currencies

CurrentC's Data Breach Adds to Awful Week for Apple Pay Rival
Things were bad for the Wal-Mart-backed payments app before hackers gained access to the e-mail addresses of CurrentC's pilot users
Investing

A Slumping SodaStream Stops Fighting Big Soda, Embraces Water
Does SodaStream's turn toward branding itself as a sparkling water vendor—and its dismal financial performance—suggest that it's seeking a…
U.S. economy

The Hawaiian Tropic Effect: Why the Fed's Quantitative Easing Isn't Over
Or how purchases of suntan lotion help explain the effect of Federal Reserve policy on the U.S. economy
Energy

Cheap Oil Lifts All Airlines, but Spirit Gets to Fly Highest
The big drop in fuel prices this fall won't help every airline equally. Here's why
Banks

Ex-IMF Chief Strauss-Kahn's Foray Into Money Management Ends
Dominique Strauss-Kahn acquired a 20 percent stake in a Luxembourg finance firm last year, but quit his chairmanship on Oct. 20. His ex-partner…
Real Estate

Detroit's 'Blight Bundle' of 6,000 Foreclosures Goes to a Casino Developer
A casino developer was the sole bidder for 6,000 Detroit properties. Now he needs to find a way to tear down half of them in six months
Apple

It's Official: T-Mobile Won the iPhone 6 Launch
In October, more than two customers joined T-Mobile from a competitor for every customer that left it
Europe

An ABBA Star's Campaign for a 100% Cash-Free Sweden
ABBA's Björn Ulvaeus loves money, money, money—as long as it's virtual
U.S. economy

Are Americans Saving Too Much and Spending Too Little?
Income inequality may lead to less spending, which could hurt economic growth. But redistributing wealth isn't the answer
Alpha Investors

The Humane Society Takes Its Steak 'n Shake Fight to the Shareholders
The CEO of the restaurant's holding company allegedly says animal welfare doesn't help his bottom line
Policy

The Government Lets Almost Anyone Collect on Defaulted Student Loans
The Department of Education may double the number of debt collectors who go after defaulted federal student loans
Political Aide in Bondage Bar: Tabloid Scandals Weaken Abe
Just as Prime Minister Shinzo Abe of Japan is preparing another round of taxes, the Japanese press says an aide spent political funds in a bondage…
Europe

Fork Over an Extra $2.7 Billion to Brussels? No Way, Says Britain
The European Commission, the executive branch of the European Union, has recalculated the contributions the 28 member states should make to the EU budget

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Real Estate

Detroit's 'Blight Bundle' of 6,000 Foreclosures Goes to a Casino Developer
A casino developer was the sole bidder for 6,000 Detroit properties. Now he needs to find a way to tear down half of them in six months
Banks

People Who Warned the Fed Are Very Smart and Very Wrong
Nine people who predicted armageddon from Fed bond purchases are standing by their warning as quantitative easing winds down
Real Estate

A Mystery Bidder Offers $3 Million for 6,000 of Detroit's Worst Homes
No one was expected to bid on the blighted lots because the cost of cleaning them up, as required, means there's no way to turn a profit
Banks

Ex-IMF Chief Strauss-Kahn's Foray Into Money Management Ends
Dominique Strauss-Kahn acquired a 20 percent stake in a Luxembourg finance firm last year, but quit his chairmanship on Oct. 20. His ex-partner…
Real Estate

Why Are Chinese Millionaires Buying Mansions in an L.A. Suburb?
Chinese millionaires are moving in—and building up—in Arcadia, Calif.
Hedge Funds

A Judge's Rage Goes Ignored While Argentina Sidesteps Holdout Hedge Funds
The weapons at U.S. District Judge Thomas Griesa's disposal have been practically neutralized by the fact that Argentina doesn't seem to care
Housing

Housing's 30-Percent-of-Income Rule Is Nearly Useless
The enduring rule of thumb is arbitrary and almost meaningless in today’s market
Real Estate

Murder Hits Monaco's First Family of Real Estate
Hélène Pastor, Monaco's richest woman, was shot in her car
Investing

For the Fed's Janet Yellen, It's No More Ms. Nice Chair
Yellen is still perceived as a dove, but investors who bet on that may be in for a nasty surprise
Real Estate

Gary Barnett, Controversial Master of New York City Luxury Real Estate
The real estate developer is pretty down to earth for a guy whose new tower is 90 stories tall, warehouses money for oligarchs, and blots out the sun
Who Benefits When Gas Prices Fall?
Oct. 29 (Bloomberg) –- Bloomberg’s Scarlet Fu reports on crude futures and gas prices on “Market Makers.” (Source: Bloomberg)
Wall Street

Master Limited Partnerships: Investors May Not See the Risks
The high-payout energy stocks may be riskier than they look
Real Estate

Why Redfin, Zillow, and Trulia Haven't Killed Off Real Estate Brokers
Unlike travel agents, real estate brokers are still prevalent. Website Redfin's attempts to grab market share show just how stubborn they can be
Private Equity

Deep Thoughts With the Homeless Billionaire
Nicolas Berggruen has long been famous for having no home and throwing great parties. Now he'd like to save democracy, too
Wall Street

Understanding the Bears' Case for Stocks—and the Bulls'
The bears have a dramatic tale to tell involving bubbles, busts, and global dislocations. The bulls are steady-as-you-go. Who's right?

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Real Estate

Detroit's 'Blight Bundle' of 6,000 Foreclosures Goes to a Casino Developer
A casino developer was the sole bidder for 6,000 Detroit properties. Now he needs to find a way to tear down half of them in six months
Real Estate

A Mystery Bidder Offers $3 Million for 6,000 of Detroit's Worst Homes
No one was expected to bid on the blighted lots because the cost of cleaning them up, as required, means there's no way to turn a profit
Banks

Ex-IMF Chief Strauss-Kahn's Foray Into Money Management Ends
Dominique Strauss-Kahn acquired a 20 percent stake in a Luxembourg finance firm last year, but quit his chairmanship on Oct. 20. His ex-partner…
Real Estate

Why Are Chinese Millionaires Buying Mansions in an L.A. Suburb?
Chinese millionaires are moving in—and building up—in Arcadia, Calif.
Real Estate

Gary Barnett, Controversial Master of New York City Luxury Real Estate
The real estate developer is pretty down to earth for a guy whose new tower is 90 stories tall, warehouses money for oligarchs, and blots out the sun
ECB Stress Tests: Italian Banks Seen as Problem Child
Oct. 27 (Bloomberg) -- Bloomberg’s Elisa Martinuzzi examines the Italian banking industry as nine banks failed the ECB stress test and looks at the…
Volatility Prompts More Scrutiny of Bond Funds
Oct. 27 (Bloomberg) -- Bloomberg’s Lisa Abramowicz reports on market volatility and bond funds on “Money Clip.” (Source: Bloomberg)
Real Estate

Why Redfin, Zillow, and Trulia Haven't Killed Off Real Estate Brokers
Unlike travel agents, real estate brokers are still prevalent. Website Redfin's attempts to grab market share show just how stubborn they can be
Currencies

The Latest Rate Dip Spurs a Refinance Rush
After a lull, lenders scramble to keep up with demand
Legislation

How to Pay No Taxes: 10 Strategies Used by the Rich
A look at the shelters, dodges, and rolls—all perfectly legal—favored by America's wealthiest people
Investing

High-Frequency Traders Find Microwaves Suit Their Need for Speed
Microwave towers are faster than fiber-optic cable, so speed traders are buying them up
Investing

The Hedge Fund Hunger Games
When you're in the business of seeding new funds, how do you find out which prospects have talent? By making them fight
Real Estate

Murder Hits Monaco's First Family of Real Estate
Hélène Pastor, Monaco's richest woman, was shot in her car
The 350,000 Percent Rise of Christopher Wool's Masterpiece Painting
The story of the contemporary art boom told through the journey of one painting, Christopher Wool's Apocalypse Now
Dudley on the Defense: What Do the Goldman Tapes Reveal?
Oct. 2 (Bloomberg) -- William C. Dudley, president of the Federal Reserve Bank of New York, defended his bank-supervision staff following…

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Real Estate

A Mystery Bidder Offers $3 Million for 6,000 of Detroit's Worst Homes
No one was expected to bid on the blighted lots because the cost of cleaning them up, as required, means there's no way to turn a profit
Real Estate

Detroit's 'Blight Bundle' of 6,000 Foreclosures Goes to a Casino Developer
A casino developer was the sole bidder for 6,000 Detroit properties. Now he needs to find a way to tear down half of them in six months
Energy

Frackers' Reports on Oil Reserves Differ for Investors and Regulators
Drillers are telling the public and the government different stories about the size of their oil reserves
Home Health Care for Your Elderly Parents
Hedge Funds

A Judge's Rage Goes Ignored While Argentina Sidesteps Holdout Hedge Funds
The weapons at U.S. District Judge Thomas Griesa's disposal have been practically neutralized by the fact that Argentina doesn't seem to care
Banks

Ex-IMF Chief Strauss-Kahn's Foray Into Money Management Ends
Dominique Strauss-Kahn acquired a 20 percent stake in a Luxembourg finance firm last year, but quit his chairmanship on Oct. 20. His ex-partner…
Commodities

The Deadly Tin Inside Your Smartphone
On Indonesia's Bangka Island, tin miners labor under awful conditions for the solder that binds your favorite devices. And the death rate on the…
Wall Street

Light at the End of the Tunnel for Detroit’s Bankruptcy
The deal would tie creditors to the city’s future
U.S. Government Prepares Defense in AIG Trial
Oct. 28 (Bloomberg) -- David Boies spent much of the past month interrogating the architects of the 2008 Wall Street bailout, making the case that…