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An expired patent â previously held by Vanguard â may spark a shake-up in the exchange-traded fund industry. Wall Street saw the patent as critical to Vanguard’s success because it saved an enormous amount of money in taxes. Now, the firm’s ETF competitors could get a chance to use it, too. “It’s really a game changer,” BNY […]
Vanguard’s expired patent may emerge as ‘game changer’ for fund industry Read More »
A federal judge on Friday ordered the Consumer Financial Protection Bureau’s leadership, appointed by President Donald Trump, to halt its campaign to hobble the agency. In a filing, Judge Amy Berman Jackson sided with the CFPB employee union that sued acting CFPB director Russell Vought last month to prevent him from laying off nearly all
Judge orders CFPB to reinstate fired employees, preserve records and get back to work Read More »
Charlie Javice, founder of a startup purchased by JPMorgan Chase in 2021, was convicted in federal court Friday of defrauding the bank by vastly overstating the company’s customer list. The jury decision comes after weeks of testimony in New York over who was to blame for the flameout of a once-promising startup. Frank, founded by
Joel Greenblatt, a longtime bargain hunter, doesn’t think value investing deserves its bad rap. The 67-year-old investor, now running Gotham Asset Management, believes that traditional criteria that define “value,” such as price-to-book and price-to-sales ratios, don’t necessarily represent the essence of the philosophy. “We’re very cash flow oriented … the way Morningstar or Russell classified
Joel Greenblatt defends value investing: It's not difficult to beat the market Read More »
Check out the companies making headlines in midday trading. Rocket Lab â Stock in the aerospace manufacturer gained 3% after the U.S. Space Force listed the company as one of the firms entered in its pool of launch providers. Braze â Stock in the cloud software company added 6% after beating analyst estimates in the
Barry Ritholtz had a hard time writing his first book, “Bailout Nation.” Drafted in the midst of the 2008 financial crisis, the biggest challenge, he said, was that a different company “would blow up” every week. It felt as if the writing “was never over,” said Ritholtz, the chairman and chief investment officer of Ritholtz
Check out the companies making headlines before the bell. Lululemon Athletica â Shares tumbled more than 11% after the athleisure retailer’s 2025 guidance came in weaker than expected . Lululemon forecasts first-quarter earnings in a range of $2.53 to $2.58 per share, compared to the $2.72 expected by analysts polled by LSEG. First-quarter projected revenue
Stocks making the biggest moves premarket: Lululemon, Rocket Lab, U.S. Steel and more Read More »
BEIJING â Chinese President Xi Jinping on Friday met with global executives and made a case for investing in the country, as Beijing focuses on reaching out to businesses amid escalating trade tensions with the U.S. He said multinational companies had a big responsibility to “uphold global order” and that they needed to work hand
BEIJING â In the latest step toward building a revenue-generating robotaxi business, Chinese start-up Pony.ai said it has obtained China’s first permit to charge fares for fully driverless taxis in core parts of a business district of Shenzhen. The city is a coastal tech hub in southern China, sometimes dubbed the country’s Silicon Valley. The
Several analysts on Wall Street see a clear winner emerging from President Donald Trump ‘s new auto tariff policy: Tesla . Trump announced on Wednesday that all cars not made in the U.S. would be slapped with a 25% tariff beginning next week. The news sent shares of major American car producers in diverging directions
