Vanguard’s expired patent may emerge as ‘game changer’ for fund industry

An expired patent — previously held by Vanguard — 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...

Judge orders CFPB to reinstate fired employees, preserve records and get back to work

FILE PHOTO: Office of Management and Budget (OMB) Acting Director Russell Vought testifies before House Budget Committee on 2020 Budget on Capitol Hill in Washington, U.S., March 12, 2019. Yuri Gripas | ReutersA federal judge on Friday ordered the Consumer...

Startup founder Charlie Javice found guilty of defrauding JPMorgan Chase in $175 million deal

Charlie Javice, who is charged with defrauding JPMorgan Chase & Co into buying her now-shuttered college financial aid startup Frank for $175 million in 2021, arrives at United States Court in Manhattan in New York City, June 6, 2023.Mike Segar | ReutersCharlie...

Joel Greenblatt defends value investing: It’s not difficult to beat the market

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...

Stocks making the biggest moves midday: Rocket Lab, Lululemon, AppLovin, Bausch + Lomb and more

Check out the companies making headlines in midday trading: Rocket Lab — 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 — Stock in the cloud software...

Investors will be ‘miles ahead’ if they avoid these 3 things, ‘How Not to Invest’ author says

Barry Ritholtz, chief executive officer at FusionIQ, speaks during an interview in New York, U.S., on Monday, March 5, 2012. Scott Eells | Bloomberg | Getty ImagesBarry Ritholtz had a hard time writing his first book, “Bailout Nation.”Drafted in the...

Stocks making the biggest moves premarket: Lululemon, Rocket Lab, U.S. Steel and more

Check out the companies making headlines before the bell: Lululemon Athletica — 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...

China’s Xi calls on top executives to help ‘uphold global order’ as trade tensions with U.S. rise

Chinese President Xi Jinping met with global executives on Friday, March 28, 2025.CNBC | Evelyn ChengBEIJING — 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...

Pony.ai wins first permit for fully driverless taxi operation in the center of China’s Silicon Valley

A Pony.ai robotaxi drives on a public road in a suburb in southern Beijing on July 11, 2024.China News Service | China News Service | Getty ImagesEMBARGOED UNTIL FURTHER NOTICEBEIJING — In the latest step toward building a revenue-generating robotaxi business, Chinese...

Wall Street analysts say Elon Musk is the clear auto tariff winner: ‘Tesla wins, Detroit bleeds’

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...