This appears to be the case for iron ore, where a Reuters poll of analysts published on Wednesday showed a median estimate of $68 a tonne for spot Asian prices in 2015.. The problem with the forecast of $68 a tonne average for this year is the current spot price of the steel-making ingredient is already 7.8 percent lower, closing on Wednesday at a fresh six-year low...» Read More
CNBC's Robert Frank reports pressure is growing for the Oligarchs to pay a price for Russia's politics.
Legendary hedge fund manager Leon Cooperman's Omega Advisors has $10.7 billion in assets. In this collection of interviews, the Bronx-born, tough-talking, no-nonsense billionaire, shares his favorite stocks; why he really sold GM and his definition of having it all.
Klara Glowczewska, Town & Country Magaine, discusses this year's top luxury getaway destinations for the very wealthy, including philanthropic travel packages, and visiting "The Brando."
Mogul Chen Guangbiao is hoping to improve U.S.-China relations by hosting a charity lunch for several hundred poor Americans in New York City's Central Park, reports CNBC's Eunice Yoon.
Most stereotypes associated with the world's ultra-high-net-worth UHNW)population are just plain wrong, says research house Wealth X Institute.
Ford is looking to add a new environmental option to its tool box and it plans to team up with ketchup maker Heinz to to make it happen.
A Redfin report shows which billionaire could buy your city. CNBC's Robert Frank hosts "Who Wants to Buy a City" on "Street Signs," with CNBC's Brian Sullivan and Mandy Drury.
Thailand's economy was already struggling before the country's military seized power in a bloodless coup Thursday, saying it needed to restore order after six months of protests aimed at ousting the elected government.
Goldman Sachs is still doing business with Steven A. Cohen and extended a loan to the billionaire after his firm, SAC Capital Advisors.
Digicel founder Denis O'Brien is worth $5.7 billion, due to his mobile phone network provider in Central America and the Caribbean. In an interview at the Milken Global Conference, the former Bank of Ireland deputy governor describes improved conditions in earthquake-ravaged Haiti, thanks to millions of dollars in multinational corporate investment, more than 3 percent economic growth and a 20 percent boost in tourism.
While these may not be the best of times for hedge funds, they're still pretty good for the best of the best.
Billionaire investor Mario Gabelli told CNBC on Friday the unique arrangement to try to buy Botox-maker Allergan is unfair.
David Geffen says he, Winfrey and Oracle's Larry Ellison are joining together to bid for the team, according to ESPN.
There are so many big names at Milken's annual Global Conference in Los Angeles that billionaires don't automatically get VIP treatment.
Adam Memon, head of economic research at CPS, discusses the key ingredients needed to become a billionaire.
CNBC's Robert Frank reports on a political battle between billionaires: The Koch brothers versus Tom Steyer.
Comcast may divest about 4 million subscribers after its merger with Time Warner Cable and may sell a portion to Charter Communications.
It's a perfect storm and everyone is buying, says Fredrik Eklund, Bravo's "Million Dollar Listing New York" star, discussing Manhattan's soaring luxury real estate market.
CNBC's Robert Frank reports on the income gap among the wealthy.
U.S. stocks fell as Ukraine weighed on sentiment and pushed investors to take profits in some of the market's biggest trading favorites.