George Soros

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How Donald Trump Cost George Soros $1B

Soros made the wrong call on how stock market would respond after election

(Newser) - George Soros literally bet against Donald Trump after the election and lost. The Wall Street Journal reveals the hedge fund manager and Hillary Clinton supporter misread what the stock market was going to do after the election and said goodbye to almost $1 billion. Soros, who'd already been leery... More »

George Soros: I'll Invest $1B in Ukraine if West Gets Involved

Billionaire says EU making 'terrible' mistake in its approach

(Newser) - It's time for the West to push for more private investment in the Ukraine, says billionaire George Soros, and he's ready to put his money where his mouth is. "The West can help Ukraine by increasing attractiveness for investors. A political risk insurance is necessary," Soros... More »

Lie of the Year: Overblown Ebola Claims

Americans' concern about disease has wildly fluctuated

(Newser) - When Americans learned about the Ebola outbreak in March, they weren't too concerned; then, "from August to October, it was the apocalypse," a researcher tells Politifact . Now, they say it was "overhyped," he notes. Indeed, when a US health worker arrived for treatment in the... More »

Liberals Seek to Ape Right's Money Machine

Alliance turns focus to Democrats' state-level efforts

(Newser) - As many on the left criticize big, secretive money funding Republican races, liberals have decided to fight fire with fire. Leading donors, organized by the likes of George Soros and venture capitalist Rob McKay, are quietly putting their cash behind the Democracy Alliance. The group says it has donated some... More »

FBI Probes Herbalife Pyramid Scheme Allegations

Hedge fund manager made accusation in 2012

(Newser) - In December 2012, a hedge fund manager accused nutrition company Herbalife of being a pyramid scheme; now, the FBI is investigating. The criminal probe comes on top of civil investigations from multiple agencies, including the Federal Trade Commision, the Financial Times reports—though no charges have been filed. Following news... More »

JCPenney Shares Surge as Soros Reveals Big Stake

Billionaire informs SEC he owns 8%

(Newser) - Finally, a spark of hope for floundering JCPenney. Shares of the retailer were up more than 6% in aftermarket trading today after billionaire financier George Soros disclosed a 7.9% stake in the company. Soros disclosed he owns about 17.4 million shares in a filing with the Securities and... More »

George Soros Gives $1M to Pro-Obama Super PAC

He adds another $500K for congressional Democrats

(Newser) - Need more proof that deep-pocketed Democrats are finally coming around to the notion of Super PACs? None other than George Soros announced this afternoon that he's giving $1 million to the pro-Obama Priorities USA Action and another $500,000 to a pair of Super PACs backing Democrats in Congress,... More »

Soros to Germany: Put Up or Get Out of Eurozone

Billionaire investor says euro poor could be stronger without Germany

(Newser) - If Germany isn't going to take the lead—meaning take on weaker countries' debts and relax austerity demands—George Soros thinks it should just get out of the eurozone altogether, reports Reuters . Without Germany, Soros says the rest of Europe could service their debts more cheaply and be more... More »

Soros Giving $2M in Dem Donations

He donates $1M to super PAC despite opposing them

(Newser) - George Soros has put himself back in the big leagues of political donors with a pair of hefty donations to pro-Democratic groups. The billionaire—who donated $23 million to groups opposing George W. Bush's re-election in 2004—has given $1 million to the advocacy group America Votes, and $1... More »

Obama's Super PAC Scrambles for Big Donors

Fundraisers emboldened by Obama's endorsement

(Newser) - Now that President Obama has changed his tune on his super PAC , officials at Priorities USA Action have kicked into overdrive attempting to recruit deep-pocketed liberal donors who have largely been inactive since 2004. Ex-Obama aides held dozens of meetings with potential donors in LA, New York, and elsewhere yesterday,... More »

George Soros: Double-Dip Recession Is Here

Rejection of stimulus a big mistake: investor

(Newser) - Worry no longer about an impending double-dip recession—it’s already here, says George Soros. “I think we are in it already,” the billionaire investor told CNBC , citing Republicans’ rejection of fiscal stimulus as a key problem. “We have a slowdown and basically a conflict about whether... More »

Bill Gates Richest American Again

His $59B tops Warren Buffett's $39B

(Newser) - Forbes is out with its annual ranking of the richest Americans, with some familiar names up top. Highlights from the magazine and MSNBC :
  1. Bill Gates, $59 billion
  2. Warren Buffett, $39 billion
  3. Larry Ellison (Oracle), $33 billion
  4. (tie) Charles Koch, $25 billion
  5. (tie) David Koch, $25 billion
More »

George Soros Sued for $50M by Spurned Ex

Brazilian soap star, 28, angry she didn't get swank digs

(Newser) - Billionaire financier George Soros is often in the news, but not often for such sordid reasons: 28-year-old Brazilian soap star Adriana Ferreyr claims he was violent in bed and reneged on a real estate gift to the tune of $1.9 million. Ferreyr filed a $50 million lawsuit against Soros... More »

Bloomberg Footing $30M Bill for Minority Youth Push

Hizzoner opens wallet for blacks, Latinos

(Newser) - Michael Bloomberg thinks his city doesn’t do enough for black and Latino youth—and he’s putting his money where his mouth is. The mayor is pushing for a $130 million program designed to help New York City youth, and in an unusual move, he’s offering to chip... More »

Soros Kicks Investors Out of His Hedge Fund

He'll manage exclusively family assets from now on

(Newser) - From now on, George Soros’ hedge fund is strictly a family affair. The billionaire has decided to oust all outside investors from the fund, in order to duck new federal regulations requiring hedge funds to register with the SEC, Bloomberg reports. From now on, the fund will manage Soros’ own... More »

Soros: Euro on Verge of Major Collapse

'Inevitable' a country will leave euro, he warns

(Newser) - Billionaire investor George Soros had harsh words for the euro zone yesterday, saying it had "fundamental flaws," "no plan B," and that the system is "on the verge of an economic collapse," reports Reuters . The core flaw, says Soros, is that the euro is... More »

Rabbis Urge Murdoch to Rein In Beck, Fox News

Coalition slams constant use of Holocaust, Nazi imagery

(Newser) - A coalition of 400 rabbis have had enough of Glenn Beck's use of Nazi and Holocaust imagery and attacks on George Soros . The group is urging Rupert Murdoch to sanction Beck and Fox News chief Roger Ailes. It has bought a full-page ad in one of Murdoch's own papers, the ... More »

Slate Presents '80 Over 80'

Influential octogenarians, from politicians to celebrities

(Newser) - Thirty under 30? Pshaw. Slate offers up its annual 80 Over 80, a list of politicians, industry leaders, and other icons who also happen to be really old, ranked in order of power and importance. The top five:
  1. Thomas S. Monson: The Mormon president, 83, acts as divine prophet for
... More »

George Soros Sours on Obama

Tells other donors their money may be better spent elsewhere

(Newser) - Plenty of President Obama's supporters are disappointed after the midterms in his performance, but this one in particular has very deep pockets. Here's the quote attributed to progressive-minded billionaire George Soros: "We have just lost this election, we need to draw a line. And if this president can't do... More »

ADL Rips Beck for 'Horrific' Assault on George Soros

Jewish liberal helped send Jews to camps, he said

(Newser) - The Anti-Defamation League is blasting Glenn Beck for accusing liberal philanthropist George Soros, who is Jewish, of helping Nazis send Jews to their death. Soros at the age of 14 "used to go around with this anti-Semite and deliver papers to the Jews and confiscate their property and then... More »

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