Financial News Roundup for the Week of May 1, 2017

What We've Been Reading - Week of May 1

Markets & Economy:

• China’s credit slowdown poses a threat to global growth (WSJ)
  
• China’s war on debt causes stocks to drop, bond yields to shoot up and defaults to rise (WSJ)
  
• Senate confirms Trump’s pick to lead SEC, signaling new era (Politico)
  
• Let’s (not) play games with Dodd-Frank (The Hill op-ed)
  
• Wall Street elite find it hard to bank on Trump’s breakup talk (Reuters)
  
• Political turmoil is high, but Wall Street’s fear gauge is very low (NYT)
  
• Why rallying bank stocks should worry the Fed (WSJ)
  
• HSBC’s money-in, money-out concept needs work (Bloomberg Gadfly)
  

Asset/Wealth Management:

• Why Derek Jeter and A-Rod will be stock traders for a day (New York Post)
  
• Index funds are finally sexy. What a shame (Bloomberg)
  
• Asset management industry lacks diversity (Knight Foundation)
  
• Morgan Stanley ditches Vanguard (Reuters)
  

Long(er) Reads:

• How a hedge fund ace chased Silicon Valley and embarrassed himself (WSJ)
  

Alternatives:

• Super rich private equity stars rue “lousy” reputation, say they are misunderstood (Reuters)
  
• Alternative Asset Managers Make IR Hires at Record Pace (Institutional Investor)
  
• ‘50 Cent’ trading mystery focuses on $20bn London fund (Financial Times)
  

Media Industry and Journalism:

• Twitter teams up with Bloomberg for 24/7 streaming news service (WSJ)
  
• To understand Brexit, look to Britain’s tabloids (NYT)
  
• ​How did the Kremlin-funded RT channel get so powerful? (Bloomberg Businessweek)