Billionaire hedge fund manager Seth Klarman has been called "the next Warren Buffett" and the "Oracle of Boston." He bought his first stock at 10 years old.
If the shutdown continues through the week, Friday will mark the second federal paycheck missed by affected federal workers, whose household budgets have been completely upended.
Lenders are turning to borrowers with harder-to-document finances, helping drive growth in the kind of home loans that helped fuel the housing meltdown.
Bad money habits your parents taught you
Transportation is changing, and the motorcycle maker may be on the wrong side of the trend.
John and Adrienne Mars have been great friends of the Smithsonian for more than three decades. They have generously shared their time and expertise through volunteer service and made many gifts of support across the Institution. A new gift from them furthers their commitment to the National Air and Space Museum and the National Zoological Park by endowing the director positions at the Air and Space Museum and at the Zoo’s Smithsonian Conservation Biology Institute. The positions are currently held, respectively, by John Dailey, eighth director of the Air and Space Museum, and Steve Monfort, founding director of the Institute. Both director positions now are named for John and Adrienne Mars.
Ray and Barbara Dalio: “We learned that beyond having enough money to help secure the basics - quality relationships, health, stimulating ideas, etc. - having more money, while nice, wasn't all that important. …So we found taking our excesses and providing it to others who have extreme shortages has been both a good investment and a great satisfaction.”
Jim Justice, a West Virginia philanthropist and mine owner, gave away and invested more than $200 million while his mines failed to pay $2 million in delinquent mine safety penalties.
MSK will open a new state-of-the-art outpatient medical facility, made possible by a $150 million commitment from David H. Koch.
Things Remembered Inc, a U.S. retailer that sells engraved gifts and keepsakes, is preparing to file for bankruptcy protection in the coming days and shutter most of its roughly 400 stores, people familiar with the matter said on Wednesday.