The world’s 300 wealthiest people lost a combined $44.4 billion yesterday as global stocks tumbled the most in a month amid Russia’s growing military presence in Ukraine.
While his newspapers are embarking on their own digital strategy, Buffett hasn’t been able to move speedily enough to avoid the erosion that has afflicted the industry.
The SEC is asking whether banks are adequately explaining the risks of exchange-traded notes, a step toward its first new guidance for the market in almost eight years.
Mt. Gox, once the world’s largest Bitcoin exchange, filed for bankruptcy in Japan, and said that 850,000 Bitcoins belonging to its customers and the firm were missing.
The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say.
In the Sotheby’s auction in November, a New York diamond cutter defeated three bidders to win the most expensive gemstone ever. Now the auction house says the buyer couldn’t pay.
