President Donald Trump and his cabinet are skipping out on Davos this week, but he’ll still be the biggest presence at the annual gathering of the world’s richest and most powerful people. Whether it’s the U.S.-China trade dispute, Trump’s reported wish to withdraw from NATO, or the government shutdown threatening the world’s biggest economy, it’ll
0 Comments
In his last book, “Stay the Course,” Jack Bogle left investors and professionals a warning about a coming battle in investment management. He had been watching closely over the past few years as a growing number of academics raised questions about the size of big passive fund managers, such as Vanguard, BlackRock and State Street
0 Comments
Bogle believed that culture trumped strategy every time and that Vanguard would be a place where everyone’s contribution was valued and respected, McNabb told CNBC on Friday. The culture Bogle fostered at Vanguard was one of hard work, treating everyone with respect, always doing the right thing and putting clients’ interests first, McNabb said. Bogle
0 Comments
Saul Loeb | AFP | Getty Images Facebook founder and CEO Mark Zuckerberg arrives to testify following a break during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook on Capitol Hill in Washington, DC. The Federal Trade Commission is considering imposing a “record-setting fine” against Facebook for allegedly
0 Comments
R. Kelly has been dropped by Sony Music, according to reports in Variety and Billboard. The news comes after Lifetime’s documentary series “Surviving R. Kelly” aired earlier this month. In it, several women accuse the R&B singer of sexual misconduct. Sony Music did not immediately respond to a request for comment. A protest occurred Wednesday
0 Comments
Tiffany tempered its yearly profit forecast on Friday after its holiday sales fell unexpectedly as Chinese tourists spent less globally and the U.S. luxury jeweler faced softer demand in Europe and at home. Like other firms which sell luxury products, Tiffany relies on demand from China’s burgeoning middle class as consumer demand for its rings,
0 Comments