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Oil.jpgBillionaire investor George Soros is to tell US lawmakers on Tuesday that “a bubble in the making” is under way in oil and other commodities and that commodity indices are not a legitimate asset class for institutional investors. He is expected to tell a congressional committee that rising (more…)

Record high oil prices at $135 a barrel deepened worries about inflation on Thursday and weighed on some Asian stocks although Japanese shares ended slightly (more…)

The nation’s largest pension fund is involved in one of the biggest land deals to fall victim to the housing bubble. It is an unusual position for the investor, which has a reputation for avoiding such blowups. (more…)

Mars, the makers of M&M’s, was near a deal last night to acquire the Wm. Wrigley Jr. Company, the chewing gum concern, for more than $22 billion, people involved (more…)

The Bush administration on Monday introduced the broadest overhaul of Wall Street regulation since the Great Depression, presenting a 218-page proposal that would, for the first time, create a set of federal regulators with authority over all players in the financial system. (more…)

Recently I have seen TV infomercial’s where some guy is telling the viewer how to get rich in real estate. I watched a couple of them while riding my exercise bike the other morning and was laughing my rear-end off when I actually figured out what they (more…)

The billionaire investor Warren E. Buffett disclosed Friday that he had earned profits for shareholders of Berkshire Hathaway by speculating in the Brazilian currency, the real, and by buying a large stake in a French pharmaceutical company, Sanofi-Aventis. (more…)

 The rogues’ gallery of banking has a new candidate for membership: 31-year-old trader Jérôme Kerviel. In one of the banking world’s most unsettling recent disclosures, France’s Société Générale SA said Mr. Kerviel had cost the bank (more…)

For many Americans, the effects of the Federal Reserve’s aggressive rate cut will be swift and striking. The average borrower could save hundreds of dollars within a few (more…)

Fears that the United States is in a recession reverberated around the world on Monday, sending stock markets from Bombay to Frankfurt into a tailspin and puncturing the hopes of many investors that Europe (more…)

Global inflation, stock volatility, the upcoming Chinese New Year holiday — you name it, there’s a reason out there for gold’s rapid rise and the likelihood it (more…)

Crude oil prices briefly hit the $100-a-barrel mark and gold prices jumped to an all-time high as investors poured money into commodities on Wednesday amid deepening fears about the (more…)

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