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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: investments

investments stories: 16 news summaries

OPINION

Bailout
Is Bad News
for Savers

Banks get trillions, fixed-income investors get screwed: Sloan

(Newser) - Not fed up enough with just putting your taxpayer dollars directly on the line to bail out the nation’s banks? Allan Sloan has latched on to some insidious “collateral damage” from the government’s rescue plan, those trillions spent “to keep interest rates down to support the... More »

(Newser) - Not even legendary investors can escape this mess. Warren Buffett’s Berkshire Hathaway posted its worst year ever in 2008, the Wall Street Journal reports. A key indicator, book value per share, fell 9.6%, only the second loss since Buffett took control of the company in 1965. Berkshire... More »

OPINION

 Cramer Shares 
 'Obama Portfolio' 

Guru picks hot stocks for 2009

(Newser) - America isn’t out of the economic woods, but savvy investors should drop some kindling on their investment fires, James Cramer writes in New York. “Obama’s swift transition and desire to spend trillions to get us moving could prove that happier days will eventually beckon, at least for... More »

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investing stock market investments financial markets stock James Cramer Mad Money financial stocks

Your money

Time Is
Ripe to Pass
Cash to Heirs 

Struggling market
can help you avoid
paying estate tax

(Newser) - Sinking stocks offer a window of opportunity when it comes to passing your money on to heirs without incurring huge taxes, Anne Tergesen writes in the Wall Street Journal. Transferring struggling assets to the next generation can mean a big payoff for the heirs when conditions improve—without the estate... More »

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stock market taxes trust fund investments charity inheritance interest rate estate tax financial crisis

ANALYSIS

Obamas Play It Too Safe
With Personal Finances

Despite big new book-generated income, and youth, they're too cautious

(Newser) - Barack and Michelle Obama invest their own money “very, very safely”—perhaps too conservatively, say Sam Grobart and Tara Siegel Bernard in Slate. The Democratic frontrunner and his wife only began rolling in the money recently and their portfolio—“for the most part, a collection of run-of-the-mill... More »

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Barack Obama John McCain Michelle Obama investments retirement fund mutual funds Obama family

Credit Suisse Warning Revives Rogue Trader Fears

'Intentional misconduct' behind billions in writedowns

(Newser) - Investment banks got a brief lift from Wall Street results this week, but surprising reports from Credit Suisse are likely to send their confidence back into the basement, the Financial Times reports. The Swiss firm issued an unexpected first-quarter profits warning yesterday—and said “intentional misconduct” from its own... More »

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Credit Suisse UBS investments asset management finance banking writedowns rogue trader

Rosy Realtor Ads Omit Pesky Housing Crash

NAR campaign claims slumping market is a can't-lose investment

(Newser) - Apparently, real estate is a can’t-fail investment right now. Or at least, that’s the questionable gospel the National Association of Realtors is preaching, in a blitz of new commercials claiming that home values, on average, double every 10 years, and that a home is “the key to... More »

Gay Plays
Well for Maverick VC

So says Valleywag about contrarian
PayPal founder Thiel

(Newser) - In Silicon Valley, where "like funds like," Valleywag thinks it's important to note that Peter Thiel, "the smartest VC in the world, is gay." Why mention it? Thiel's Founders Fund, which just raised a $220 million financing round, could reinvent the way entrepreneurs get paid, and... More »

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Facebook investments venture capital PayPal Peter Thiel

Atlantic City Takes on
Las Vegas

Four companies to invest $9 billion, open luxe mega-casinos

(Newser) - Atlantic City is about to get a $9 billion makeover, with four companies slated to build  as many new mega-casinos by 2012. The luxury resorts constitute the biggest burst of investment in the city since the start of casino gambling in 1978, the AP reports. As Atlantic City bids to... More »

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architecture Atlantic City gambling Las Vegas investments casino tallest buildings

China Throws $13K Tea Parties

Puer variety gains wine-like following

(Newser) - China's latest investment fad trades paper for tea leaves, the Wall Street Journal reports. A type of tea pressed into discs, puer (pronounced "poo-ahr") was once the domain of collectors. But an excess of cash and dearth of investment outlets has made the tea a hot asset. Like... More »

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China investments tea

Exit Scrambles Fidelity Succession Picture

Mutual-fund giant loses possible heir apparent

(Newser) - A top Fidelity Investments exec has resigned her post, reigniting speculation about the closely held firm's line of succession, reports the Wall Street Journal. Ellyn McColgan, 53, who was president of a division of the largest American mutual-fund company, was seen as a front-runner in the race to succeed 77-year-old... More »

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stock market business investments Fidelity mutual funds Ned Johnson III Rodger Lawson Ellyn McColgan

Death Threats Sent to
Goldman Sachs

'We are inside. You cannot stop us,' read anonymous letters

(Newser) - Investment powerhouse Goldman Sachs has been the subject of menacing letters sent to newspapers across the country, prompting an investigation by the FBI. "Hundreds will die,"  warn the  letters that have been traced back to Queens, New York. "We are inside. You cannot stop us." More »

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FBI New York City New York Goldman Sachs investments death threats threats Jersey City The Star Ledger Newark investment firm Queens letters mail investment banks

Clintons Sell Stock to
Avoid Bonds

Couple liquidates
blind trust to head off political fallout

(Newser) - Nobody wants to see Whitewater II, least of all the Clintons. As Hillary barrels towards the White House, they've liquidated a blind trust worth $5 million to $25 million in an effort to avoid potential conflict-of-interest charges. The fund, invested on their behalf since Bill took office, included live-wire investments... More »

Hedge Funds Skip Riskier Gambles

Returns are down
as more cautious investors hold sway

(Newser) - Are hedge funds going soft? The swashbuckling industry has long been known for its high-risk, high-rewards MO, but returns are down, on average trailing the S&P 500 last year. The reason, BusinessWeek suggests, may be that alternative investments are no longer so alternative. And other non-traditional investments, like private... More »

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private equity money investments finance hedge fund

Bernanke Keeps Interest Rate Steady

Sees housing crisis as risk, but doesn't see recession

(Newser) - With inflation creeping up, Fed chairman Ben Bernanke will keep interest rates steady—at least for now, reports the Wall Street Journal. Soft business investment and weakening housing are becoming serious risks, but the long-term outlook is good, Bernanke told Congress yesterday. "The current stance of monetary policy is... More »

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inflation Ben Bernanke economics subprime mortgages Alan Greenspan investments housing recession interest rate

Wall Street Tigers Bearish on Stocks

Investment club moves to hedge funds, private equity instruments

(Newser) - Tiger 21—the elite investment club whose members have at least $10 million each — is moving away from stocks and into alternatives like hedge funds and private equity instruments. Michael Sonnenfeldt, Tiger 21 founder, reports that assets in stocks are down 10 percent from last year, based on members'... More »

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private equity stock market Wall Street Michael Sonnenfeldt stocks investments Tiger 21 hedge fund

16 Stories