News blog
For almost 20 years, I’ve had the same investment adviser.
She and I don’t always agree. That’s why I like her.
Earlier this year, I asked her about a value fund manager who was lagging behind.
I wanted to sell the fund and put more into energy stocks.
"The big bargains are when a style is out of fashion. […]
Filed under: management by Wolf
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China's Finance Minister Xie Xuren was called back from an international economic conference in Peru before the meeting began, following orders from Beijing to help resolve problems at home, an organizer of the event said.
Xie left Trujillo, Peru, where Asia-Pacific Economic Cooperation finance officials are meeting this week, shortly after arriving at 11:00 […]
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Suddenly, I am a cool guy.
Savings habits I have preached and practiced for years — and the realization that avoiding waste is being smart, not a cheapskate — are now in vogue.
With Americans facing continued economic uncertainty, I run across an almost daily stream of common sense (but frequently neglected) savings tips […]
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The Federal Reserve announced Monday it will offer an unlimited amount of dollars to three other central banks in an unprecedented move to provide liquidity to the global banking system.
The U.S. central bank will lend dollars at a fixed interest rate to the central banks of England, Switzerland and the European Union, according to […]
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Japan, Australia and India pumped $33 billion into money markets on Wednesday as a U.S. government bailout of insurer AIG did little to ease a funding squeeze triggered by the crisis engulfing Wall Street.
Across Asia, central banks were bracing for market turmoil.
The Bank of Korea warned that foreign funds would keep flowing out of […]
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Hedge fund manager Ospraie Management LLC will close its flagship fund after it plunged 27 percent in August on losses in energy, mining and natural resources equity holdings, in one of the biggest ever closures of a commodities-focused hedge fund.
The closure of the fund, announced by the firm’s founder Dwight Anderson in a letter […]
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In June 2008, Democrat Barack Obama raised more money than Republican John McCain in McCain's home state of Arizona.
Obama raised $432,000 compared to McCain's take of $313,000, reports the Arizona Republic.
Over the last year, McCain has raised twice as much as Obama in Arizona, with a total of $4.7 million. […]
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The Treasury Department says the federal deficit swelled to $268.7 billion in the first nine months of this budget year as record spending during the period outpaced revenues.
The department’s fresh look at the government’s balance sheets, released Friday, shows that the deficit for the budget year that began Oct. 1 was up sharply from […]
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A 6-cent jump in gas prices had motorists fuming yesterday as they filled up at pumps pricing regular fuel as high as $1.36 across the city.
"This is ridiculous," said Ivan Mendez, a tow-truck driver in Toronto, filling up at a downtown gas station at $1.34. "These prices are killing me," he said.
The spike […]
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Oilfield services provider Smith International said Tuesday it will buy W-H Energy Services Inc. in a deal valued at roughly $3.2 billion, a combination that will broaden Smith’s offerings in key drilling services markets.
Smith International Inc (SII, Fortune 500). will pay $56.10 cash and 0.48 Smith shares for each W-H Energy share outstanding, the […]
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