If the euro can't go ahead, it will go backwards, the famous financier said. "It's important to understand that if you don't make the next steps forward for the euro, the euro will go to pieces and the European Union too," Soros added.
The legendary investor who forced the pound out of the Exchange Rate Mechanism in 1992 believes that the rescue package is only "a little step" that may not stop Athens falling into a "debt spiral".
The Lazarus-like recovery of the nation’s big banks did not benefit just the bankers — it also created huge paydays for hedge fund managers, including a record $4 billion gain in 2009 for one bold investor who bet big on the financial sector.
Stocks rose for second day Wednesday as a Deere earnings beat and a rebound in housing starts helped renew investor optimism about the recovery. Consumer stocks were among the best performers; energy, the weakest.
While the younger generation, very visibly led by Lloyd C. Blankfein, chief executive of Goldman Sachs, lobbies Congress against such regulation, their spiritual elders support the reform proposed by Paul A. Volcker and, surprisingly, even more restrictions. The New York Times reports.
Stocks opened higher Wednesday after Deere blew past earnings expectations and a report showed a rebound in housing starts.
Wall Street looks set to extend the previous session's gains Wednesday, with stock index futures pointing to a modest rise.
Nassim Taleb, the author who gained fame and fortune writing about 'Black Swans,' says there isn't enough evidence to show that Warren Buffett's skill, and not his good luck, is responsible for the billionaire's enormous investing success over the decades.
Billionaire financier George Soros has often been looked as an authority on where global market stands. Soros sat down with Bartiromo for a look at the U.S. economy, China and more importantly, where investors can find opportunities.
The list of speakers and attendees ranges from economists to founders of new social networking sites. Click ahead for the faces of Davos.
The Davos conference is truly a global event. Inevitably some things get lost in translation. This invitation I received has to be one of them.
Finding out who is Davos begins on the plane on the way here. Arthur Sulzberger Jr., the publisher of The New York Times, sat behind me.
Soros Fund Management, the hedge fund run by billionaire investor George Soros, increased its holdings in U.S. stocks to $6.2 billion from $4.2 billion and bought a stake in Ford Motor.
The regulatory reform package provokes concerns about big government, but others on Wall Street said it could help prevent a repeat of the financial crisis.
The financial reform should include some way of separating banks' proprietary trading from commercial banking, although a return to regulation similar to the Glass-Steagall Act would be impractical, legendary investor George Soros wrote in the Financial Times.
The Robin Hood Foundation’s spring fund-raising event has long set the pace for charity benefits, raising tens of millions of dollars from publicity-averse hedge fund moguls who engaged in raucous bidding wars. That was then, this is now.
"As the Fed and the BOE have become more sane by printing money the so called gurus like Soros and Buffett suffer a deficit of sanity. They are saying the actions of these central banks will lead to inflation. I contest that," Hugh Hendry told CNBC.
The US dollar will remain the world's reserve currency for a while and it is probable that the world economy will start growing next year, with China, Brazil and India among the first to bounce back, billionaire investor and currencies expert George Soros told CNBC.
I’m so behind in opening up my mail, I must have 60 new books I still need to look at, but I did open one package today from McGrawHill. Inside, Robert Slater’s newest book, “SOROS: The World’s Most Influential Investor.”