Goldman Loan Lends a Boost to Penney's Flagging Finances
J.C. Penney confirmed Monday that Goldman Sachs will provide it with $1.75 billion in financing, confirming rumors that first surfaced Friday.
george soros
News of George Soros Investment Lifts J.C. Penney Shares
Shares of beleaguered retailer J.C. Penney rose more than 6% in aftermarket trading on Thursday after billionaire financier George Soros disclosed a 7.9% stake in the company.
Reuters Prematurely Publishes Harsh George Soros Obituary
Reuters published on Thursday evening an online obituary for Hungarian-born American financier George Soros, who remains alive, giving a harshly critical portrait of his life.
16 Big Bubbles That Are Getting Ready to Pop
With stocks markets soaring, many wonder if equities will be the next bubble to burst. But stocks aren't the only assets that look frothy: These are showing danger signs too.
Pity the Rich Investing in Hedge Funds. Seriously.
It seems unfair that ordinary people can't invest in hedge funds. And, it is unfair -- to the wealthy folks whose hedge fund investments consistently underperform the market.
George Soros Bails Out the Democrats with $2 Million
Just when everyone thought that Soros was focusing on philanthropy and ignoring Democratic calls for cash because of a perceived snub, "The Man Who Broke The Bank of England" is back in action, rescuing the Democrats from an October in which they're severely outgunned financially.
Super PACs: New Rules, But an Old Political Game
Pundits have lately focused on the growth and influence of super PACs -- and the power of the mega-rich men who fund them -- but the current business-sponsored presidential contest isn't unusual: Come along as we review the long and rich tradition of election-buying in American history.
Is Sheldon Adelson Trying to Buy the White House?
Casino mogul Sheldon Adelson has stirred up controversy recently for his $10 million in political help to the Newt Gingrich campaign -- but it's all perfectly legal. Still, with billionaires and corporations now able to make almost unlimited political donations, is the presidency for sale?
Meet the Richest People in America
The nation's wealthiest are worth a combined $1.53 trillion, according to Forbes. And while there are many familiar faces on this year's list of the richest Americans, a younger group of entrepreneurs are marching their way up the ranks.
The Truth About Billionaire Soros' Big Moves
George Soros, the man who made $1 billion in a day by shorting the British pound, is returning all outside money invested in his hedge fund, citing new disclosure requirements in the Dodd-Frank Act. Coverage of this enormous story has so far been misleading. Here's what's really going on in Soros's head -- we think.
The Financial Landscape: Gas Is Falling; Euro is Failing
Even before the International Energy Agency and the White House announced they were releasing billions of gallons or oil from fuel reserves, gas prices were falling. In the past two weeks, a gallon is down more than 11 cents. Also falling -- hopes for the euro, and the outlook for U.S. Treasury bonds.
Week in Preview: Bed Bath & Beyond and Monsanto Earnings
Home retailers Bed Bath & Beyond and Pier 1 Imports are scheduled to post quarterly earnings this week, along with Monsanto, the biotech, agriculture and chemical giant. Here's what analysts expect to see.
Why Gold Rose 420% in Eight Years: Blame It on the ETF
Gold is on a record bull run, up from $328 in 2002 to $1,375 an ounce today. What caused that steep rise wasn't any inherent increase in gold's value to society, but a clever marketing scheme that allowed it to be traded easily without the hassle of physical delivery: The SPDR Gold ETF.
10 Best Stock Picks of the 10 Richest Hedge Funds
The smartest money on Wall Street may be at the top hedge funds, whose investment managers are paid billions a year to beat the market. Those gurus only take big money clients, but you can follow their lead: DailyFinance has the 10 best stock picks of the 10 highest-paid hedge fund managers.