investment

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A Warren Buffett 'Mystery' Has Been Solved

His Berkshire Hathaway has scooped up a major stake in Chubb insurance giant, worth about $6.7B

(Newser) - Both CNN and the Wall Street Journal call it a "mystery" that's now been solved: Warren Buffett's Berkshire Hathaway has revealed a major stake that's been kept hush-hush since last year. The outlets report that the investment is in global insurance giant Chubb, and that Buffett'...

This Year, a Tried-and True Investment Strategy Backfires

'Buy the dip' doesn't work if the market keeps dipping

(Newser) - The stock market had another brutal week last week, and investors who decided to "buy the dip" in anticipation of a rebound might have been regretting it early Monday. The market began the new week in the red once again, reports CNBC . Such regret has been common in 2022,...

High-Profile Data Company Makes Unusual Investment

Palantir buys $51M worth of gold as a hedge against 'black swan event'

(Newser) - In its latest SEC filing, the data analytics firm Palantir revealed what Bloomberg calls an "unusual investment strategy." The company bought $51 million worth of gold bars. "You have to be prepared for a future with more black swan events," chief operating officer Shyam Sankar tells...

Lance Armstrong's $100K Uber Investment Went Wild

Disgraced cyclist says pumping cash into ride-sharing company 'saved our family'

(Newser) - It's expensive being Lance Armstrong , especially after his endorsements fell by the wayside and he was hit with various lawsuits as a result of his doping scandal. It could have been devastatingly expensive, in fact, except for the one thing the elite cyclist says "saved our family": an...

Unusual Investment Strategy Misfires 30 Years Later

Lots of Southerners planted trees 30 years ago; now they're ready to harvest, but there's a glut

(Newser) - It's not a strategy that typically comes up in investment planning: plant a field of pine trees. But as the Wall Street Journal reports, it made much sense to thousands of Southerners about 30 years ago, thanks in part to a federal incentive to reforest the land. "If...

Steve Jobs' Widow Makes Big Move in Pro Sports World

Looks like Laurene Powell Jobs is buying major stake in Capitals, Wizards empire

(Newser) - There aren't many women who hold top ownership positions in the sports world's "Big Four" pro leagues, but the wife of the late Steve Jobs is about to up those numbers. Citing sources familiar with the deal, the Washington Post reports that billionaire philanthropist Laurene Powell Jobs...

Slim Shady's Fans May Soon Be Able to Fatten Their Wallets

Company plans on offering unique investment opportunity

(Newser) - Between 1999 and 2013, Eminem released some of his most famous work, including 1999's The Slim Shady LP, 2000's The Marshall Mathers LP, and 2002's The Eminem Show. Now a new company has formed to nab the royalties income stream from his songs from that period, and...

Buffett Has Bought $12B in Stocks Since Trump Win

He's now world's 2nd-richest man

(Newser) - Warren Buffett didn't want Donald Trump to be president—but the Berkshire Hathaway chief didn't get rich by ignoring investment opportunities. In a recent interview with Charlie Rose , the billionaire revealed that his company has invested more than $12 billion in stocks since Trump won the election, more...

GM Set to Announce $1B Factory Investment: Source

AP source says jobs announcement coming Tuesday

(Newser) - General Motors will announce a $1 billion investment in its factories that will create or keep around 1,000 jobs, a person briefed on the matter tells the AP . The Detroit automaker will make the announcement Tuesday morning. The investment is part of the normal process of equipping factories to...

Our Biggest Meat Producer Invests in Vegan 'Meat'

Tyson Foods nabs 5% stake in startup Beyond Meat

(Newser) - The country's largest meat producer is investing in a vegan startup. Tyson Foods has acquired a 5% stake in Beyond Meat, whose food products made from plant-based proteins are sold in 11,000 stores across the country, reports the Wall Street Journal . One analyst suspects Tyson Foods is more...

Saudi Prince's Plan: End Kingdom's 'Oil Addiction'

Prince Mohammed bin Salman wants to boost global investment, get away from reliance on oil

(Newser) - Saudi Arabia's 30-year-old deputy crown prince is looking toward the future with his new "Vision 2030" plan—a plan that includes pulling the kingdom out of its overreliance on oil and leaning more on non-oil investment to transform it into a global power, Reuters reports. "We will...

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...

What It Takes to Retire at 36
 What It Takes to Retire at 36 
May 6, 2014 11:34 AM CDT

What It Takes to Retire at 36

Lawyer had no cell phone, car for most of his adult life

(Newser) - Marc Hardekopf, 37, is no Silicon Valley pioneer or pro athlete; he graduated law school $65,000 in debt. Yet he's already retired, thanks to a combination of wise, early investments and a frugal lifestyle, CBS News reports. He worked as a lawyer in New York City government, maxing...

Mysterious Twitter Investor to Make Big Bucks on IPO

Suhail Rizvi's equity firm amassed 15% stake, says Reuters

(Newser) - As Twitter prepares to go public , there's plenty of people waiting in the wings to cash in; yesterday's filings reveal investment firms, board members, and execs will have the highest payouts, but one mysterious Hollywood financier also will add a good chunk of change to his bank account....

N. Korea Loads Missiles, Hides Launchers: Report

Observers fear surprise launch: Yonhap

(Newser) - North Korea has installed two medium-range missiles on mobile launchers hidden close to its east coast, Yonhap News reports by way of South Korean military sources. One senior official describes them as Musudan missiles , which Yonhap notes were debuted in October 2010 and are believed to have a 1,865-mile...

US Factory Orders Jump 1.8%
 US Factory Orders Jump 1.8% 
Feb 4, 2013 9:39 AM CST

US Factory Orders Jump 1.8%

...But indicator of future investments takes a downward turn

(Newser) - US factory orders increased in December, even though companies trimmed their orders for goods that signal investment plans. The Commerce Department says factory orders rose 1.8% compared to November, when orders had fallen 0.3%. But demand for core capital goods, a category considered a proxy for business investment...

Africa Sees Its First Woman Billionaire

Isabel dos Santos is daughter of Angolan president

(Newser) - Africa's got its first female billionaire. Thanks to her shares in Portuguese and Angolan companies, Isabel dos Santos, 40, is now worth more than $1 billion, Forbes reports. The daughter of Jose Eduardo dos Santos, the 33-year president of Angola, she opened her first business, an Angola restaurant, at...

Mystery Exodus: $114B Withdrawn From Banks in Jan.

Fed data shows post-9/11 record

(Newser) - The country's biggest banks have seen $114 billion leave their coffers this month, with withdrawals in the first full week of the year hitting a post-9/11 record, according to Fed data. Seasonal adjustment cuts the figure to $52.8 billion, which remains the third-highest ever recorded. Bloomberg is trying...

North Korea Plans to Open Its Economy: Report

Kim Jong Un's regime hires economists for 'radical' change

(Newser) - Investors haven't exactly been dying to throw their money at North Korea—but soon they may have a chance. A German newspaper reports that North Korean leader Kim Jong Un is seeking "radical" economic change and wants to open the country to foreign investment, Der Spiegel reports. In...

We Need a Minimum Tax on Über Rich

 We Need a 
 Minimum Tax 
 on Über Rich 
warren buffett
Nov 26, 2012 7:53 AM CST

We Need a Minimum Tax on Über Rich

Warren Buffett: Taxes won't deter wealthy investors

(Newser) - Warren Buffett is taking another stand in the tax debate. In a New York Times op-ed this morning, the Berkshire Hathaway boss calls on Congress to establish a minimum tax on the richest Americans, "right now." His proposal: "30% of taxable income between $1 million and $10...

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