It’s earnings season, and with Lehman, Goldman Sachs and Morgan Stanley kicking it off this week, many investors will be asking themselves: Is the financial crisis over? (Or, at least, is it winding down?) The smart money at the sovereign...
Warren Buffett bet $1 million that the Vanguard S&P 500 index fund will outperform five funds of hedge funds (averaged returns, net of fees) picked by professional money management firm Protégé Partners LLC, Fortune reported this week. Though the...
Gold Diggers and Sugar Daddys joined forces Thursday at New York City’s Taj nightclub to raise money for charity—and make-out! Nothing says “selfless” like paying $5 to sell oneself at a weekday party that starts at 5:30 in...
So, the efficient market theory vanquished active management (okay, people still argue over this but given the amount of money flowing into passive indexes and ETFs . . . ). Now Warren Buffett says the S&P 500 can outperform a professionally...
Investors may not be that impressed by Lehman CFO Erin Callan's forthrightness. The Wall Street Journal (among others) reported today that Lehman Brothers Holding is taking a $2.8 billion loss for the second quarter—a worse-than-expected...
According to analyst Richard Bove of Punk Ziegel (now a unit of Ladenburg Thalmann & Co.), Reuters reports, “Jamie Dimon did one for the United States. He's a patriot—but he didn't do one for JPMorgan.”
According to today’s New York Sun, Eliot Spitzer, the disgraced former New York State governor once heralded as Sheriff of Wall Street, is mulling launching a distressed real estate fund.
Credit downgrades last week to MBIA and AMBAC Financial Group, the world’s largest bond insurers, will lead to more write-downs at Citigroup, Merrill Lynch and UBS, according to a research report from Oppenheimer analyst, Meredith Whitney.
This weekend won’t likely be a relaxing one for UBS executives, private bankers and thousands of wealthy American clients. The New York Times reports today that the firm is under intense pressure from authorities as one of its top private...