How much did Warren Buffett bet that Wall Street pros cannot beat the S&P?

Billionaire Warren Buffett has wagered roughly $320,000 of his own money that the S&P 500 will outperform a collection of hedge funds.

On June 3, George Soros said oil prices will not “crash” any time soon. What reason(s) did the billionaire cite?

Hungarian-born Soros said commodity index trading “is still inflating the bubble,” but oil prices have “a strong foundation in reality.”

While I’m not exactly counting on a crash, I’m hoping I can restock my oil position (USO) at lower prices.

Billionaire investor George Soros said an oil price bubble is working with fundamentals in the market that may lead to a recession in the world's largest economy. Use caution Masters, the impact of the press and Soros can move things. The story from Bloomberg: ``The rise in oil prices aggravates the prospects for a recession,'' Soros said in testimony prepared for delivery today to the Senate Committee on Commerce, Science, and Transportation. ``The bubble is superimposed on an upward trend in oil prices that has a strong foundation in reality,'' he said. ``To be sure, a ...

What casino-resort company did billionaire Ron Baron recommend on Tuesday?

In this video, Baron recommends Wynn Resorts (WYNN) as well as Ralph Lauren (RL).

Disclosure: At time of publication, William Trent has no financial position in the companies mentioned in this article.

Sponsor: Financial Education Everything you need to know about finance

The DNC unveils new ad highlighting McCain’s 100 years in Iraq statement.

Obama says he doesn’t recall meeting Iraqi-born billionaire at Rezko fundraiser.Who’s better at political comedy Colbert or Stewart?

Howard Dean says one of the candidates needs to drop out in June in order to unify the party.

WSJ opinion article sees the Clinton-Obama contest as Yale’s Lady Macbeth vs. Harvard’s Billy Budd.

Now McCain is stepping into the Rev. Wright issue.

Late tonight it has been revealed through anonymous sources that JPM and Bear are in negotiations to raise the bid price from $2 to $10 per share.  The renegotiation came about with JPM approaching BSC about upping the price on the sentiment that the deal will be rejected.  Apparently, he felt bad about the price - cognitive dissonance.

According to the New York Times...

"The Fed, which must approve any new deal, was balking at the new offer price on Sunday night after several days of frantic, secret negotiations, these people said. As a result, it was still possible the renegotiated deal might be postponed or collapse entirely, said these people, who were granted anonymity because of their confidentiality agreements.

If the Fed were to reject the new proposal, it could set off a furor among shareholders of both firms that the government was preventing them from making a fair deal."

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