Category stock market

What’s on Nouriel’s Mind: The Deteriorating Economic Outlook

The underlying picture of economic weakness that has not only worsened but has spread to the core economies raises the question of how Europe can possibly grow its way out of the debt crisis.. roubini.com

The $1.6 Billion Woman, Staying on Message

Facebook’s No. 2 executive, Sheryl Sandberg, will reap a fortune in its stock offering. And she hasn’t stopped telling the world how women should take responsibility for their careers… Source: http://www.nytimes.com

The Jewish Billionaires of Forbes

Twenty-five years ago, Forbes began to pursue the world’s billionaires. The magazine’s annual list netted a record 1,226 billionaires this year, worth a total of $4.6 trillion. Because Bubbe has been ragging you to marry up, Jspace has profiled the 17 Jews of Forbes’ list worth more than $10 billion. Source: http://www.forbes.com Larry Ellison: Net […]

Bank Of America Still World’s Biggest Wealth Manager

According to a report out today ranking the world’s 20 biggest wealth managers. BofA took the top spot with $1.944 trillion in assets in private banking followed by Morgan Stanley with $1.628 trillion and UBS AG with $1.559 trillion. The increase in AUM for the private banking industry was helped primarily by market gains which […]

Barack Obama wins election for second term as president

President Barack Obama handily defeated Gov. Mitt Romney and won himself a second term Tuesday after a bitter and historically expensive race that was primarily fought in just a handful of battleground states. Networks project that Obama beat Romney after nabbing the crucial state of Ohio. FULL STORY

VIDEO: Heckler handcuffed, dragged out of Obama rally…

A Pro-Life protester totally hijacked Barack Obama’s rally in Cincinnati on Sunday. The heckler pulled out an abortion poster and started screaming for several minutes until the police came in and dragged him out. FULL STORY

What’s Next for the Son of Asia’s Richest Man?

Richard Li, the son of Asia’s richest man, Li Ka-shing, is known for straying from the family business and venturing into sectors on his own. The WSJ’s Deborah Kan speaks to Dow Jones’ Jeffery Ng about what the younger Mr. Li could be up to next. Source: http://live.wsj.com

Rockefellers and Rothschilds unite

Article located at: http://www.ft.com By Daniel Schäfer in London Two of the best-known business dynasties in Europe and the US will come together after Lord Jacob Rothschild’s listed investment trust.. Read more at Financial Times

Bloomberg’s Billionaires Index: How We Crunch Net-Worth Numbers

The Bloomberg Billionaires Index is a daily ranking of the world’s 20 richest people. In calculating net worth, we strive to provide the most transparent estimates available. Each Bloomberg Billionaire profile contains a detailed analysis of how that person’s fortune has been tallied… Source: http://www.bloomberg.com

Billionaire takes GOP spending spree

Dallas billionaire Harold Simmons is on a GOP spending spree. Simmons, owner of the Contran Corp., whose net worth is $4.5 billion, donated $5 million in January to the Karl Rove-linked super PAC American Crossroads, according to federal filings… Source: http://www.politico.com