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

A top 10 fund manager with $2 trillion in assets is being created. ‘The bigger, the better,’ says analyst.

Generali and Natixis are planning to merge to create the ninth-largest investment manager in the world by assets under management, the companies said Tuesday.

MarketWatch - Jan. 21

Saudi wealth fund ramps up efforts to tap ETF investors

Public Investment Fund stumps up $200mn as seed investor in SSGA’s Europe-listed bond fund in support of Vision 2030

Financial Times - Jan. 21

Trump's crypto-frenzied inauguration weekend makes first family billions of dollars richer

Donald Trump launched a meme coin Friday night, while many of his backers were partying at the Crypto Ball in Washington, D.C.

CNBC - Jan. 20

Vanguard triumphs over rivals in 2024 Australia ETF sales

Flows to Vanguard vehicles more than doubled helping it to account for 31% of the total flows of A$30.8bn

Financial Times - Jan. 20

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

Funding cuts to Afghanistan are the biggest threat to helping women, aid agency chief warns

The head of a major international aid agency is warning that funding cuts to Afghanistan are the biggest threat to helping the country’s women

ABC News - Jan. 19

McDonald’s Just Made a $76 Billion Announcement. You Should Probably Do the Exact Same Thing

Humility can be a virtue, but so can moderation.

Inc. - Jan. 19

Hospital funding announcement next week, BBC told

A Department of Health and Social Care spokesperson said the government planned to rebuild the NHS.

BBC News - Jan. 19

Your cash emergency fund probably isn’t going to cut it in this economy

The amount of time people spend looking for a new job in the U.S. has grown lengthier — yet most people have not adjusted their savings to account for that.

MarketWatch - Jan. 18

Starbucks’s turnaround plan under new CEO now likely includes job cuts

Coffee chain Starbucks’s promised overhaul may require cutting jobs as it tries to work more efficiently, CEO Brian Niccol said.

MarketWatch - Jan. 18

Vanguard to Pay $106 Million in Restitution to Retirement Fund Investors

An investigation by the S.E.C. and several states found that the company had failed to notify investors of changes in the terms of some funds, leading to higher capital gains taxes.

The New York Times - Jan. 18

Obesity drugs Ozempic and Wegovy included in US price-cut talks

Novo Nordisk shares hit as government adds blockbuster weight-loss treatments to new round of negotiations

Financial Times - Jan. 17

US announces $1.2 billion to help finance renewable energy projects in Puerto Rico

The U.S. Department of Energy says it's setting aside $1.2 billion in federal funds to help finance renewable energy projects in Puerto Rico to reduce its dependence on fossil fuels

ABC News - Jan. 17

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

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

Vanguard to Pay $106.4 Million to Resolve Alleged Violations Linked to Retirement Funds

The SEC said a lack of notifications by Vanguard drove higher capital gains tax bills for many retail investors.

The Wall Street Journal - Jan. 17

Medicare announces weight-loss drugs, including Ozempic, will be up for price negotiations

The Biden administration on Friday released its next round of prescription drugs selected for Medicare price negotiations, which includes Ozempic.

NBC News - Jan. 17

Biden announces final round of student loan forgiveness, bringing aid total to nearly $189 billion

The Biden administration announced on Thursday its final round of student loan forgiveness, clearing over $600 million in the debt for thousands of borrowers.

CNBC - Jan. 17

These tips for investing in mutual funds and ETFs help your portfolio go further

The new year is a good time to make long-term plans for your money and finances.

MarketWatch - Jan. 17

Canada Readies Billions of Dollars in Retaliatory Moves to Trump Tariff Threat

The government is preparing for the possibility that the incoming U.S. administration will impose high tariffs on Canadian goods, setting the close allies up for a showdown.

The New York Times - Jan. 16

Billion-dollar video game: is this the most expensive piece of entertainment ever made?

How player-funded development launched a multiplayer game of galactic proportions – and costs – in Star Citizen. How much does it cost to make a video game? The development expenses of blockbuster ...

The Guardian - Jan. 16

Pakistan's premier welcomes World Bank's 10-year funding plan of $20 billion

Pakistan’s prime minister has welcomed the first-of-its-kind agreement with the World Bank under which his country will receive $20 billion in the next decade to invest in renewable energy, ...

ABC News - Jan. 15

Can I cut how much I pay towards my children’s school fees?

My ex-wife has chosen a school with very high fees and I can’t afford them following VAT changes

Financial Times - Jan. 15

Meta announces 5% cuts in preparation for 'intense year' — read the internal memo

Meta will cut about 5% of its staff, focusing on its lowest-performing workers, CNBC confirmed.

CNBC - Jan. 14

Meta announces 5% cuts in preparation for 'intense year.' Read the internal memo.

Meta is set to cut about 5% of its workforce, focusing on the company’s lowest-performing staffers, CNBC confirmed Tuesday.

NBC News - Jan. 14

Kate Middleton shares health update nearly 1 year after announcing cancer diagnosis

Kate announced her cancer diagnosis in March and underwent chemotherapy.

ABC News - Jan. 14

Moderna stock plunges nearly 17% after company lowers 2025 sales forecast by $1 billion

Moderna now expects 2025 revenue to come in between $1.5 billion and $2.5 billion, most of which will come in the second half of the year.

CNBC - Jan. 13

These tips for investing in mutual funds and ETFs can guide your money decisions

Don’t miss these top money and investing features.

MarketWatch - Jan. 10

California fires live updates: death toll likely to rise; Biden announces federal funding for fight against blazes

Robert Luna decries ‘unacceptable’ looting in fire-ravaged areas, while Palisades wildfire grows to nearly 20,000 acres. Full report: wildfires continue to rage in Los Angeles Visual ...

The Guardian - Jan. 9

Xbox Developer Direct Announced For This Month, Includes "Brand-New Game"

The next Xbox Developer Direct event is coming up soon. Microsoft has announced a new Xbox Developer Direct broadcast for January 23, and it will feature a number of games like South of Midnight ...

GameSpot - Jan. 9

Anthropic in Talks for $2 Billion Funding Round

The financing efforts follow new funding rounds by Elon Musk’s xAI and the market leader, OpenAI, which is now valued at $157 billion.

The New York Times - Jan. 8

3 reasons Trump keeps floating U.S. control of Greenland — including one tied to tax cuts

Here’s why President-elect Donald Trump keeps talking about one idea from his first term in office — getting control of Greenland, the giant territory controlled by Denmark.

MarketWatch - Jan. 8

AI Startup Anthropic Raising Funds Valuing It at $60 Billion

The Amazon-backed OpenAI rival was valued at $18 billion last year.

The Wall Street Journal - Jan. 7

Johnson says no cuts to Social Security and Medicare to fund Trump's agenda

House Speaker Mike Johnson said cuts to Social Security and Medicare won't be part of the legislative plan being worked out to fund President-elect Donald Trump's agenda.

ABC News - Jan. 7

Trump Blurs Lines in $20 Billion Data Center Announcement and Other Deals

Even before the start of the new administration, there has been repeated blurring of lines between the federal government efforts and Trump family businesses.

The New York Times - Jan. 7

Anthropic in talks to raise funding at $60 billion valuation

AI startup Anthropic is in late-stage talks to raise as much as $2 billion at a $60 billion valuation, according to a person familiar with the deal.

CNBC - Jan. 7

Trump announces Dubai company will invest at least $20 billion in U.S. data centers

DAMAC Properties is the latest foreign investor to announce plans for the U.S. since Donald Trump's victory.

CBS News - Jan. 7

Trump announces $20 billion foreign investment to build new U.S. data centers

Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging the money.