In his annual letter to Berkshire Hathaway shareholders, Warren Buffett says he did some "dumb things in investments" last year, while defending Berkshire's "equity put" derivatives contracts. Buffett also predicts the economy will "be in shambles throughout 2009 - and for that matter, probably well beyond - but that conclusion does not tell us whether the stock market will rise or fall." He's still optimistic for the long-term, however, again pointing out that "our country has faced far worse travails in the past" but always "we've overcome them." He says confidently, "America's best days lie ahead."
This week the embattled hedge fund manager sold $88 million worth of fine art. Does this trader know something the rest of the art market doesn't?
A new study from McKinsey argues that the Fed's stimulus program has had little effect on the stock market.
The growing wealth disparity between CEOs and workers finally may be catching up to corporate America.
New Fed Chairman Yellen got exactly what she wanted: a quiet, non-controversial hearing. Stocks rose modestly.
Heated competition for depleted inventory means shoppers must have all their financials lined up before they even hit an open house.
Who is Gotham's "Funniest Person in Finance" -- a trader? a financial advisor? an IT guy? Click ahead to find out!
Fed chief nominee-in-waiting Janet Yellen got markets rolling on Wednesday with her dovish remarks. Don't expect much follow-through.
Meredith Whitney is hoping to apply her financial advisory skills to hedge funds, but it's not clear if investors will buy in.
The new boss of the New York Stock Exchange talks about the future of the trading floor.
Macy's was the first big retailer to report, and its results this morning were certainly encouraging.
British Airways is testing a digital tag that can be programmed with flight details and baggage destination information.
There's a growing tension in politics: business is increasingly fed up with the activist wing of the GOP.
Lincoln has unveiled the new MKC small SUV, at a time when "small utility vehicles" have become the hottest selling models in the luxury auto market.
Dish's Ergen believes consolidation in the cable and satellite TV industry makes sense, and acquiring T-Mobile is still on the table.
Consumers may benefit from more low-cost competition as a result of the deal that paves the way for US Airways and American to merge.
The high likelihood that the Federal Reserve will maintain current interest rate policy means stock buybacks likely will remain in vogue.
A divorced commodities trader with a preference for Cuban cigars and custom-made suits shows up mysteriously in a newspaper story.
Ray Dalio's giant hedge fund says the issue isn't whether the Fed tapers QE. It's whether QE will continue to work or run out of gas.
Investing in private equity funds may not be so great after all, according to new research.
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