Black swan funds bet on things that are unlikely to happen. And when global economic collapses and catastrophic natural disasters dominate headlines, black swans are raking in the cash.
BP can't proceed towards a planned partnership with the Russian oil firm Rosneft. The Russian deal was supposed to be a way forward fr the company, following the Gulf of Mexico spill.
The Federal Reserve historically has been one of the government's most secretive institutions. But now, Fed chairmen Ben Bernanke will address the press and answer questions four times a year.
Bloomberg BusinessWeek reporter Peter Coy reports that many of the nuclear plants in the United States are built with the same technology as Japan's damaged Fukushima plant. But, he reports, there are newer and safer technologies, too.
The earthquake and tsunami forced Japan to shutter many of its car parts factories, causing a widening gap in the global supply chain. Some U.S. auto manufacturers may face factory shutdowns because of the slow down.
According to a survey released by the Federal Reserve today, the average family's household net worth declined around 20 percent between 2007 and 2009.
Chris Low, chief economist at FTN Financial, explains some of the new numbers from the 2010 Census, including movements in housing trends and an increase in the hispanic population.
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