Financial and Media News - Week of May 15, 2016

By Zach Kouwe

What We've Been Reading - Week of May 15

Markets & Economy

• Berkshire Hathaway bought $1 billion worth of Apple stock last quarter (Bloomberg)
  
• New financial center...Jacksonville? (FT)
  
• Yield curve flattens as market data clouds Fed’s June decision (WSJ)
  
• Goldman upgrades Tesla just hours before $2 billion offering (Forbes)
  

Asset Management

• Fidelity makes a push for more index funds... (WSJ)
  
• Investor fees on mutual funds have gone up over time (WSJ)
  
• UBS Wealth Management teams up with a robo-advisor (NYT)
  

Alternatives:

• Vice decides to weigh in on why hedge funds still exist (Vice)
  
• Major Activists form Lobbying Group (Reuters via FINalternatives)
  

Long Reads:

• Helping Bosses Decode Millennials for $20k an hour (WSJ)
  

Media Industry and Journalism:

• New York Times going increasingly global (Politico)j
  
• Why Rupert Murdoch decided to support Trump (New York)
  
• Finalists for the Loeb Awards (the Pulitzers for Business Journalism) are announced
  
• Why Business Insider is Different than the WSJ and FT (Der Speigel)