Sheila Bair: 'The time has come' to raise interest rates

Why the Saudis, OPEC want cheaper oil

The oil industry has not fully adapted to a world of lower energy prices yet. Sure, the U.S. drilling rig count is down 60% since peaking late last year. But one gets the feeling oil executives and oil investors both believe higher prices are just around the corner.

Hedge fund mogul Paulson gives Harvard record $400 million donation

Harvard University, which has educated many of the world’s wealthiest investors, is now getting its biggest single gift from one them: a $400 million donation from Wall Street hedge fund mogul John Paulson. The donation is the third record-sized gift Harvard has received from alumni since last year, and comes two years into the Ivy League school’s five-year campaign to raise $6.5 billion in donations.