Financial and Media News - Week of May 29, 2016

By Zach Kouwe

This list is in addition to the main piece of business news that dominated the week: the "stunningly weak" jobs report that has ramped up speculation that the Federal Reserve is unlikely to raise interest rates in June or perhaps for the rest of the year. Expect Fed speculation to continue into the next week in addition to political news focused on the California primary and the results there. Polls are close in the Democratic race. 

Markets & Economy:

• MetLife Suit Raises Questions of Extent of Corporate Liability (NYT)
• Interesting infographic on all of the insider trading cases over the past decade or so (Bloomberg)

Asset Management:

• Pension funds pile into risk assets seeking better returns (WSJ)
• Larry Fink expects consolidation in the asset management industry (Bloomberg)
• Radical changes are on the way for investment banks (WSJ)

Long Reads:

• Hillary Clinton vs. Herself (why relationships with the media are important) (New York Magazine)
• The untold story behind Saudi Arabia’s 41-year debt secret (Bloomberg)
• Inside Twitter’s $10 billion identity crisis (Vanity Fair)

Alternatives:

• Unloved commodities funds are pulling in capital (Bloomberg)
• Apollo is acting more like a bank (Business Insider)

Media Industry and Journalism:

• I stand with Gawker - an op-ed by someone shamed by the site (NYT)
• Changes underway at The Economist (The Guardian)
• The Future of the New York Times? (Vanity Fair)
• Ratings up at Fox Business Network (tvNewser)
• Tribune changes its name to Tronc... (NYT)