Umang Soni

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Goldman Sachs’ sick con: How they made money off your misery

<b>Lloyd Blankfein is sworn in to testify before the Senate Subcommittee on Investigations hearing on Wall Street investment banks and the financial crisis on Capitol Hill, April 27, 2010. (AP/Susan Walsh)</b><p>Documents and emails show manipulation was part of the game at Goldman — and what led them to win …

How To Avoid The Business Blunder That Cost Star Wars Makers $7 Billion

In 1973, George Lucas approached 20th Century Fox Studios with the idea for <i>Star Wars</i>. It was going to be his next film after American Graffiti, which had been a big hit earlier that year. While Lucas was set for a large raise for his directing services – from $150,000 for <i>American Graffiti</i>, to …

How George Soros Made $4B In 2013: Short The Yen, Bet Against Bill Ackman

Just like when he broke the Bank of England, netting $1 billion betting on the inevitable devaluation of the British pound, George Soros came into 2013 with a large currency bet: shorting the Japanese yen amid intense monetary easing encouraged by the administration of Prime Minister Shinzo Abe in …

How Michael Jordan Made $90 Million In 2013

Nike released the Air Jordan 10 “Powder Blue” retro sneaker on Saturday, 20 years after the first Jordan 10s hit shelves. Like all the Jordan retro releases, this one was highly anticipated and first-day sales hit $35 million. For perspective, in all of 2013, Adidas sold $40 million in the U.S. of …

Samsung Galaxy S5 Has Three New Battery Saving Technologies

Samsung Galaxy S5 comes with a 2,800 mAh battery, which is considered a big upgrade over its predecessor, which was equipped with a 2,600 mAh one.<p>The …

Gear & Gadgets

Berkshire Hathaway profit rises with U.S. economy

Warren Buffett's Berkshire Hathaway Inc. said fourth-quarter and full-year profit and revenue jumped as the giant conglomerate's businesses benefited …

Three warning signs from higher gold prices

LONDON (MarketWatch) — It is not often the financial markets reach a consensus. No one can agree whether the euro zone is now fixed or just getting …