Bloomberg News

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Rich Russians Beg Musk: Sell Us Your 'IPhone On Wheels'

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Almost 100,000 Russians follow Musk’s unofficial social media page, yet the Tesla founder seems to be promoting his dream car everywhere but here.

Hoax Phone Call Costs Hedge Fund $1.2 Million And CFO's Job

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The fund's finance chief was conned by a phone caller into providing codes that led to the theft.

Trump's Employees Don't Share Wealth in 401(k) Plan

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Under Bloomberg's rating system for 401(k) plans, the plan Donald Trump offers his employees scores a 30 out of a possible 100.

Cracks In Junk-Bond Market Form As BofA Sees Outlook Darkening

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Junk-bond investors who’ve been enjoying more than six straight years of gains fueled by easy-money policies may soon find their streak nearing an end.

The Hugely Profitable, Wholly Legal Way To Game The Stock Market

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With some deft maneuvers, hedge funds and Wall Street trading desks are reaping hundreds of millions at the expense of index mutual funds.

The Inevitable Selloff In U.S. Treasurys Is Greatly Exaggerated

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Global troubles mean investors are putting a premium on safety and delaying the exodus.

U.S. Sided With Tax-Avoiding Companies Over Contracting Ban

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The Obama administration quietly handed a victory to U.S. companies that avoid taxes by claiming a foreign address, suggesting that virtually all of them are still eligible for government contracts.

Billionaire's Tragedy To Hit Big Screen

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The story of a Brazilian entrepreneur who went from being the eight richest person in the world to ruin in less than 20 months will be told on the big screen.

Hedge-Fund Billionaire Julian Robertson Shrugs As World Churns

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Julian Robertson, founder of Tiger Management, had reasons to smile when Greeks lined up at ATMs to hoard cash and Puerto Rico declared its debt "unpayable."

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