George Soros, the billionaire hedge fund manager and philanthropist, warned Saturday that failing to resolve the sovereign debt crisis in Europe could lead to a "real meltdown" of the global financial system.
It's time for the left to get off its duff and turn the tables on the radical right. And our history reveals that there's an excellent method for accomplishing precisely that: a great march of the unemployed on Washington.
Soros Fund Management, the hedge fund founded by billionaire investor George Soros, has officially closed its doors to outside investors, according to a letter to clients Tuesday.
Legendary financier George Soros is at it again, talking over the weekend about a potential euro collapse. But don't bust out your old Greek drachmas, Portuguese escudos, Italian lira or Spanish pesetas just yet.
Billionaire hedge fund manager George Soros sold nearly $800 million of gold during the first quarter, as the precious metal surged to record highs.
For charities hoping to land a big gift from one of America's wealthiest individuals, 2010 was a very bad year.
Creepy medieval puppets hung from the ceiling on the set of the "Glenn Beck Program" -- a conquistador, a squire, a witch, and a bearded guy who looked like a cross between Santa Claus and the Fiddler on the Roof.
A Nevada group supporting a change in how judges in the state are selected has apologized for political "robocalls" featuring retired Justice Sandra Day O'Connor, which were mistakenly sent out in the middle of the night.
Billionaire philanthropist George Soros has thrown his support behind Proposition 19, the initiative to legalize marijuana in California.
Billionaire investor George Soros will donate $100 million to Human Rights Watch, the organization announced Tuesday.
For stock market operators, a strong stomach and preparedness for the unknowable are critical traits. Yesterday's action in the U.S. equity markets tested even the most savvy of investors. But, as Robert Frost famously said, "In three words I can sum up everything I've learned about life: it goes on." And indeed it does.
After plunging during the financial crisis, the income of top hedge fund managers surged in 2009 to a record high as financial markets recovered from historic lows, according to a new survey published Thursday.
updated: Thu Dec 10 2009 14:09:00
Investor George Soros tells CNN about a plan he says could free funds to fight climate change in the developing world.
From the mid-1980s, Hungarian-born investor and philanthropist George Soros pumped hundreds of millions of dollars into foundations in Eastern Europe dedicated to promoting the idea of the "open society" and challenging the region's Soviet-backed regimes. Since then his Open Society Institute has evolved into a network of foundations and offices working in over 60 countries. Here, writing exclusively for CNN.com, he describes how the work of his foundations ultimately contributed to the collapse of communism.
Billionaire George Soros has pledged $50 million to a new foundation that will seek an alternative to what he calls "market fundamentalism."
The campaign finance reform case being argued Wednesday at the Supreme Court is about the tension in federal elections between free speech and government regulation .
Despite turbulence in the financial markets and the global economic downturn, the world's 25 top-earning hedge fund managers raked in a staggering $11.6 billion last year, according to a ranking released Wednesday.
A Congressional panel grilled five of the world's richest and most powerful hedge fund managers Thursday as lawmakers sought to understand how much blame they could assign the little-understood hedge fund industry for the global economic collapse.
A congressional committee scrutinized risks in the hedge fund industry on Thursday to determine whether further regulation is needed.
Outspoken billionaire investor George Soros on Sunday criticized U.S. and European officials for taking too long to effectively address the financial crisis.
High oil prices, driven by decreasing crude supplies and increasing demand could drive the U.S. economy into a recession, George Soros, the fund manager and commodities investor, told lawmakers Tuesday.
Broke and friendless in postwar London, having just spent his last penny on food, 22-year-old George Soros made the first of a lifetime of prescient economic calls. "I have touched bottom," he told himself, "and I am bound to rise."
Let us go then, you and me, As all our liquid funds float out to sea Like stale bread crumbs cast upon the water; Let us go, through certain downtown streets, Littered with dead spreadsheets That lent an air of reason to stupidity, The shine of fiscal prudence to cupidity; Streets that bend and wind like a rationale Offered by our mercantile cabal That lead you to an overwhelming question... Oh, come on and quit your pouting! Let us go and make our outing.
How treacherous are the financial markets these days? So treacherous that you can get blind-sided even if you're one the world's great investors, even if years ago you anticipated the credit crisis now roiling Wall Street - even if you're George Soros.
Hedge fund manager John Paulson of Paulson & Co. took home $3.7 billion last year, making him the biggest earner in the industry, according to Alpha Magazine.
updated: Sun Mar 02 2008 18:43:00
CNN's Helena de Moura reports on a billionaire's quest to save the Amazon rainforest.
Fortune: How bad do you think the economy will get?
There's a lot of snow in Davos for this year's World Economic Forum, but a noticeable lack of the usual sunny American optimism about economic prospects.
Stocks rose Wednesday, with the Dow industrials closing at another record high, as investors set aside worries about housing and looked to upbeat corporate news, including big investments from Berkshire Hathaway and others.
Stocks rose Wednesday afternoon, with the Dow industrials seeking another record close as investors shook off worries about housing and looked to upbeat corporate news, including big investments from Berkshire Hathaway and others.
Wall Street was encouraged Wednesday by bullish buys from major investors like Warren Buffett and George Soros as well as news from the housing sector.
Maybe you missed the big move in oil or were too slow to catch uranium on the way up. Don't worry: There's still time to cash in on commodities before the pork bellies leave the barn.
My wife and I recently bought a home and are now looking into getting a jump on saving for retirement and for our son's future college tuition. But we're unsure what to do first.
When it comes to withdrawing money from savings for retirement, why don't more advisors encourage people to just live off interest and dividends and leave the principal alone?
In your opinion, are index funds the best way to go for someone already in retirement who is trying to be sure he doesn't outlive his money? Or should one buy individual stocks and bonds? - Bill Watson, Columbia, South Carolina
READER QUESTION: In the past, you've said that investors shouldn't try to time their investing so they get in just before the market soars. While most of my investments are in stock funds, I have some cash parked in a money-market fund waiting for lower stock prices. I almost moved some of this cash recently when the Standard & Poor's 500 declined to around 1220, but I really want to invest at an S&P of 1200. Meanwhile, the cash is earning 5 percent. What's wrong with this approach? - Alan S., Silver Spring, Maryland
I'm thinking of starting a hedge fund. Let's be clear: I'm in it for the money.
What's going on with Mrs. Market? (Yes, a SHE!) We get close to the Dow record, then we get scared off. Makes sense to me actually ... too much inflation for my taste.
Be afraid. Be very afraid.
If you thought you couldn't mix your love of rock music with your passion for high finance -- think again.
President Bush is looking for a new Fed head.
BASEBALL HAS A DREARY HISTORY IN WASHINGTON, D.C., where the saying used to be: "First in war, first in peace, last in the American League." The original Washington Senators became the Twins in 196...
Billionaire financier George Soros has joined one of the groups bidding to purchase the Washington Nationals baseball team, the Washington Post reported Thursday.
HEDGE FUNDS are the fad du jour on Wall Street, and the business press is filled with that classic cocktail of envious money porn ("George Soros made $750 million in one year") and anguished hand-w...
Reassuring words on the dollar, sort of, are coming from billionaire investor George Soros.
"Hey, Jimmy Rogers!" says the retiree in the red sweater and the hunter's hat with big earflaps. "I read your book!"
Vice President Dick Cheney told viewers Tuesday night they could verify his claims from the vice-presidential debate at an independent Web site -- www.factcheck.com -- but visitors to the site found a searing anti-Bush message.
Top Democrats slapped back Sunday at a remark by House Speaker Dennis Hastert that al Qaeda leaders want Sen. John Kerry to beat President Bush in November.
WASHINGTON (CNN) -- Check out the links below to hot political stories around the country this morning.
The Left gathers in Washington's Woodley Park today to rally around John Kerry with rallying cries from George Soros, Hillary Clinton and Howard Dean. And that's all before lunch.
Until recently, if you heard the name George Soros you'd have thought of the man who made a killing "breaking the Bank of England" in 1992 with a bet against the British pound--and reaped billions ...
Even before he became the overseer of the mother of all campaign contributions, Steve Rosenthal was a figure of considerable consequence in national Democratic politics. As the political director o...
Check out the links below to hot political stories around the country this morning.
The Bush-Cheney re-election campaign plans to file a complaint Wednesday with the Federal Election Commission, charging that a $5.1 million anti-Bush ad campaign in key battleground states violates the new campaign finance reform law, spokesman Terry Holt said.
My favorite political website--hands down--is Opensecrets.org, a financial database run by the Center for Responsive Politics. With a few keystrokes, visitors can find out anything, from which Hous...
Season's Greetings! I know full well that most of the folks on my holiday list neither need nor deserve gifts this year, but what with the economy turning and the stock market likely to be up for t...
George Soros owns no private plane, no Caribbean island, no yacht, no ranch in the West, no collection of Old Masters. When he travels to Budapest, the city where he was born and survived the Nazi ...
"I now have a short position against the dollar because I listen to what the Secretary of the Treasury is telling me" --George Soros, famed financier, on CNBC
Ron Baron comes off as more impresario than stodgy money manager. His firm occupies a 38,000-square-foot office on the 49th floor of Manhattan's prestigious General Motors Building that is magnific...
Fred Smith brushed aside the C he received on the college economics paper in which he outlined his idea for an overnight delivery service. His gut told him it would work anyway. (Besides, the Feder...
1 Lou Gerstner's 60th birthday. After almost nine years as CEO of IBM, Sweet Lou is retiring. Today. Sam Palmisano takes over, and Gerstner walks away with almost $10 million in cash. Time to buy a...
They've got to rank as the most expensive business lunches ever: $54,000 each. That's the price per meal paid by an anonymous bidder at a recent charity auction for "A Year with the Titans"--10 lun...
You can find business advice in the oddest places, but few people look to the airline industry--save Southwest and perhaps Continental--for tips on making customers happy. Add JetBlue Airways and i...
1949 Former Fortune writer Alfred Winslow Jones and four friends pool $100,000 to exploit research he had gathered for a story on technical approaches to the stock market. Considered the father of ...
Investing, at its heart, is a deeply optimistic activity. It requires you to forgo the enjoyment of your money today in the hope of earning a lot more to enjoy in the future. Over the past 100 year...
1979 The Hunt brothers of Dallas borrow heavily to corner the silver market. In early 1980, silver prices drop from nearly $50 an ounce to about $10. The Hunts, unable to cover margin calls, are fo...
It is, of course, cruel and childish to take pleasure in other peoples' misfortunes. And so it would be wrong to gloat over press reports that George Soros' Quantum fund has lost a lot of money--lo...
Recently I found myself in not one but two meetings that also included George Soros, and I was inspired to furious intellectual effort. You see, I'm convinced it's possible to construct a terrific ...
Some pretty good Russia jokes are making the rounds on Wall Street these days. A sampling:
When financier George Soros declared Aug. 13 that Russia's economy is in a "terminal phase" and suggested Moscow devalue the ruble, all hell broke loose: The Russian stock exchange dropped 15% as B...
The sprawling lobby at the worldwide headquarters of Waste Management, in the Chicago suburb of Oak Brook, Ill., betrays precious little evidence of what once made the company great. There are no p...
Say it ain't so, Josephine! When some lovable grandmothers from the heartland published The Beardstown Ladies' Investment Guide, their book became not only a bestseller but a cultural phenomenon. N...
Charity purists, beware. Anyone who thinks of Mother Teresa as the true embodiment of the virtue is hopelessly old-fashioned. Forget self-sacrifice (or Wasp noblesse oblige). Nowadays, giving money...
Malaysian Prime Minister Mahathir Mohamad, who was on vacation during the speculative attack on Southeast Asia's currencies in mid-July, returned to Kuala Lumpur in a combative mood. Mahathir remai...
When 200 investment professionals were asked by Rivel Research Group in Westport, Conn. last year which money managers they most admire, they named famous stock pickers such as Warren Buffett, Pete...
George Soros, it goes without saying, is a very smart guy. You don't get to be a billionaire stock trader by being stupid. He's also by all accounts very well intentioned. Years ago, Soros had made...
The bull improbably rages on--and nothing sizzles like the market for initial public offerings. Sometimes it may seem as if these IPOs are creating more instant millionaires than state lotteries do...
As philanthropist Ross Perot might say, here's the problem: Making money is fun, sexy--a great outlet for aggression. But giving it away? What's the challenge there? Any idiot with an Ivy League de...
THIS MONTH: The IRS' cool new Website Fat chance of a real flat tax Book excerpt: How to handle your pension payout
WHAT'S NEXT FOR POWERFUL FUND MANAGER MICHAEL Price, 44, now that he played a key role in the $9.9 billion Chemical-Chase bank merger? Well, if he gets his way, $1.1 billion IVAX Corp (ivx; $26), t...
Are you underpaid? Most likely the answer is a resounding yes, especially in this era of tightfisted bosses who make Scrooge seem like Mother Teresa. But what can you do about it? First, you might ...
How is it that with all the advances in data delivery and other sophisticated technology, most money managers still fail to beat the market? One big reason: The mental models most people use to int...
BET YOU THOUGHT commercial real estate was dead for the foreseeable future. Well, a remarkable thing happened on the way to the graveyard. The body started twitching. Money is beginning to flow bac...
Mark Strome is having a great year. The swashbuckling Los Angeles investor shorted government bonds in the U.S. and bought them in Europe and Japan. He traded currencies and played the internationa...
FOR A FEW HEADY months earlier this year, gold was in the news and on a roll. Prices began to move out of the cellar in March. In April celebrity investors George Soros and Sir James Goldsmith anno...
WHAT'S the smart money buying? Look at George Soros, smart money personified these days: He's buying real estate. Soros's Quantum Realty Fund, a partnership with busted property guru Paul Reichmann...
Back in the 1980s, guests at Japan's Funabara resort hotel enjoyed the warm waters of the world's priciest plumbing fixture: a 22-karat solid-gold bathtub. The resort is now closed, but you can sti...
These days the gold market is, well, golden. In late May the price of the glittery stuff hit a two-year high of $383 an ounce. And it's not just a case of inflation jitters, either. People in devel...
Karma: ''Action, seen as bringing upon oneself inevitable results, good or bad, either in this life or in a reincarnation.'' So says the new edition of The Random House Dictionary. Hmmm. Maybe an e...
Why was George Soros, the Hungarian-born manager of the Quantum Fund, which lost $851 million in the crash, tooling around Moscow in January, deep in talks with Soviet President Andrei Gromyko? Was...
IN THE BULL MARKET of a lifetime, stocks had been streaking ever higher. Yet disquiet kept growing within the bosoms of enormously enriched investors. The market, after all, had whooshed beyond man...
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