Vanguard Fined $800K Over Statement Errors
By Dinah Wisenberg BrinA glitch led to overstatements related to nine money market funds on 8.5 million account statements, FINRA says.
May 26, 2023
Wellington Cuts 5% of WorkforceThe news comes four months after industry giant BlackRock said it would trim 500 jobs, representing about 2.5% of its workforce.
May 26, 2023
EP Wealth President Ryan Parker Becomes CEOParker, who's replacing Patrick Goshtigian, previously led wealth management at Citizens Bank and was CEO of Edelman Financial.
May 26, 2023
MYGA Frenzy Pushes Annuity Sales Higher in Q1: WinkVariable annuity sales continued to droop.
May 26, 2023
Vanguard Changes Managers, Plans Fee Hike on 2 Stock FundsThe changes affect the Vanguard Growth and Income Fund and U.S. Growth Fund.
May 26, 2023
Cathie Wood's ARKK Dumped Nvidia Stock Before $560B SurgeNvidia "has been very good to her. She was into the stock before it was cool," said ETF analyst Eric Balchunas of Bloomberg Intelligence.
May 26, 2023
Emerging U.S. Debt Deal Would Raise Limit, Cap Spending for 2 YearsThe tentative deal would cut $10 billion from the $80 billion IRS budget increase and would upgrade the electric grid.
May 25, 2023
Investing for Recession? 'No Need to Get Fancy': Christine BenzThe Morningstar columnist discusses picking a stable bond investment and a big risk of holding cash.