Vanguard announces fee cuts for nearly 100 funds, including ETFs with billions of dollars in assets

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  Vanguard puts pressure on rivals with large round of fee cuts

  Money manager claims reductions will save clients $350mn this year
  
  Financial Times - 6h
• 

  Extra £100m funding announced as police warn of cuts

  Yvette Cooper says the cash is for more local officers but some forces say they still face budget shortfalls.
  
  BBC News - 3d
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  Starbucks announces several changes, including plans to cut some menu items

  Starbucks announced several changes, including its plan to cut some items from the food and drink menu.
  
  NBC News - 5d
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  Elon Musk Casts Doubt on Trump’s $100 Billion Stargate A.I. Announcement

  Mr. Trump had claimed the A.I. announcement as an early trophy, taking credit for the companies’ decision to spend up to $500 billion building data centers.
  
  The New York Times - Jan. 22
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  Trump Announces $100 Billion Stargate A.I. Initiative With OpenAI, Oracle and SoftBank

  OpenAI, Oracle and SoftBank formed a new joint venture called Stargate to invest in data centers, building on major U.S. investments in the technology.
  
  The New York Times - Jan. 21
• 

  The Dodgers Won the World Series. Then They Spent Nearly Half a Billion Dollars.

  It’s been 25 years since an M.L.B. team won back-to-back titles, but Los Angeles is unfazed.
  
  The New York Times - Jan. 21
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  Hedge fund managers pocket nearly half of investment gains as fees

  Industry has taken $1.8tn in charges since the 1960s, according to LCH research
  
  Financial Times - Jan. 20

• Vanguard to pay more than $100 million to SEC over violations involving target date retirement funds

  The payment stems from a 2020 change by Vanguard that led to redemptions in one class of target date funds.
  
  CNBC - Jan. 17
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  Vanguard fined more than $100 million by SEC over violations involving target date retirement funds

  Asset management giant Vanguard has been fined more than $100 million to settle charges related to disclosures around target date investment funds, the Securities and Exchange Commission announced ...
  
  NBC News - Jan. 17

More from CNBC

• Trump pauses Mexico tariffs for one month after agreement on border troops

  President Donald Trump over the weekend said he was imposing 25% tariffs on goods imported from Mexico and Canada, and a 10% tariff on goods from China.
  
  CNBC - 2h

• Trump signs order establishing a sovereign wealth fund that he says could buy TikTok

  The fund would serve as an economic development tool and perhaps be used to buy TikTok.
  
  CNBC - 49m

• Trump names Treasury Secretary Scott Bessent acting head of CFPB after firing Chopra

  Bessent, a former hedge fund manager, was confirmed as head of the U.S. Treasury last week.
  
  CNBC - 3h

• Apple shares fall on concern Trump tariffs on China will hit profit

  Among the tech megacaps, Apple may be the most vulnerable to President Trump's announced tariffs on China.
  
  CNBC - 1h

• Temu parent PDD's stock tumbles as Trump tariffs close trade loophole

  PDD-owned budget online retailer Temu and its rival Shein have relied on de minimis to maintain their rock bottom prices.
  
  CNBC - 1h

More in Business

• How investors can protect themselves from Trump’s tariffs with bonds

  “There’s no reason to expose your investors to lower-quality credit,” said Adam Abass at Harris Oakmark.
  
  MarketWatch - 14m

• Oil, gasoline futures rise after Trump slaps tariffs on Canadian crude

  Oil futures finished Monday with a gain after President Trump slapped tariffs on Canada, Mexico and China over the weekend, sparking worries over U.S. crude imports.
  
  MarketWatch - 25m

• Stock market’s wild ride on Monday could be a microcosm of what to expect in 2025

  Wall Street had a message for investors on Monday: Buckle up, because you could be in for a bumpy ride.
  
  MarketWatch - 25m

• Why Wells Fargo favors industrial stocks despite new tariffs as S&P 500 stumbles

  The industrial sector is one area of the U.S. stock market that looks favorable to Wells Fargo Investment Institute after new tariffs on Canada, Mexico and China.
  
  MarketWatch - 27m

• Elon Musk may have just staged a ‘21st-century coup’ at the Treasury Department. What could happen next.

  Democrats say Musk, in shutting down USAID, is acting at China’s behest.
  
  MarketWatch - 45m