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Biggest Winner of Famed Buffett Bet? Girls Inc. of Omaha

Biggest Winner of Famed Buffett Bet? Girls Inc. of Omaha

Warren Buffett bet $1 million in 2007 that an index fund would outperform a basket of hedge funds over a decade. When the closing bell rang at the New York Stock Exchange Friday, the famed investor locked in his victory.

Published 5 months ago

The Bull Moose and the Octopus

The Bull Moose and the Octopus

The Bull Moose and the Octopus

Published 1 second ago

U.S. Steelmakers Raise Their Bets on Energy, Construction

U.S. Steelmakers Raise Their Bets on Energy, Construction

Steelmakers are betting on the U.S. again, building mills they hope will help them compete against cheap imports as demand rises. Others see expansion as a risky bet.

Published 5 months ago

Charities See Surge of Giving Ahead of Change in Tax Law

Charities See Surge of Giving Ahead of Change in Tax Law

The organizations are encouraging last-minute donations ahead of the implementation of the new U.S. tax law, while also fretting the largess will precede a steep decline in the year ahead.

Published 5 months ago

Bank Stocks Extend Their Winning Streak

Bank Stocks Extend Their Winning Streak

Tax and regulatory changes are giving banks a potent antidote to persistently low long-term interest rates.

Published 5 months ago

Pardon of Former Peru President Draws Anger of Victims

Pardon of Former Peru President Draws Anger of Victims

Peru President Pedro Pablo Kuczynski’s decision to release former President Alberto Fujimori after serving less than half of his 25-year prison sentence has sparked a backlash and left the president politically isolated.

Published 5 months ago

Uber’s rise triggers financial crisis at taxi lenders

Uber’s rise triggers financial crisis at taxi lenders

Credit unions at risk of failure as loan losses mount

Published 1 second ago

Hedge fund mogul Steve Cohen plans comeback in January

Hedge fund mogul Steve Cohen plans comeback in January

SAC founder’s new venture aims to charge some of the industry’s highest fees

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Lynn Tilton Beats $1 Billion Zohar Racketeering Suit

Lynn Tilton Beats $1 Billion Zohar Racketeering Suit

A New York federal judge absolved financier Lynn Tilton of the racketeering lawsuit brought by managers of the Zohar investment funds who want her ousted from some troubled companies she has been running.

Published 5 months ago

China’s Communist party raises army of nationalist trolls

China’s Communist party raises army of nationalist trolls

Growing band of online patriots prowls the internet to promote their homeland

Published 1 second ago

Palau holds out as China squeezes Taiwan’s allies

Palau holds out as China squeezes Taiwan’s allies

Tiny tourism-reliant Pacific nation defies pressure from its biggest source of visitors

Published 1 second ago

Ackman agrees $194m settlement over Allergan trading claims

Ackman agrees $194m settlement over Allergan trading claims

Pershing Square and Valeant were accused of improper trading ahead of 2014 bid for Botox maker

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Forecasting the world in 2018

Forecasting the world in 2018

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