In his last book, “Stay the Course,” Jack Bogle left investors and professionals a warning about a coming battle in investment management. He had been watching closely over the past few years as a growing number of academics raised questions about the size of big passive fund managers, such as Vanguard, BlackRock and State Street

Redler said he’s still long the market, but is hedging because the quick gains have made it riskier. “The next stop traders are looking at is 2,700 to 2,730 … next week could be a good week for a pause while [the market] digests the move.” Redler said next week’s reports will be important, but

I remember it as if it were yesterday. It was the middle of November 2000. Thanksgiving was still a week in the distance but seemingly closer as the enthusiasm for the long weekend began to build, a waystation into a final push to year-end. I dreaded that time of year because, for me and the

Keon said the market is not signaling a recession although in the heat of December’s downdraft, many strategists said the market was reflecting that fear. “It’s way too early to say this is the beginning of a recession. the data has been mixed. Industrial production was good,” he said. However, consumer sentiment plummeted from December’s

Drew Angerer | Getty Images News | Getty Images A trader works on the floor of the New York Stock Exchange (NYSE) ahead of the opening bell, January 4, 2019 in New York City. Following a strong December jobs report, the Dow Jones Industrial Average rose 350 points at the open on Friday morning. In

Spencer Platt | Getty Images News | Getty Images A trader on the floor of the New York Stock Exchange the morning after the Dow Jones Industrial Average dropped over 1,000 points on Feb. 9, 2018.   Barring a major decline on Friday, the S&P 500 will record its fourth consecutive weekly gain. The markets are

Jack Bogle was famous for making investing accessible to the everyday person through index funds – funds that match a market barometer like the S&P 500. His message was simple: why waste money on expensive fees and commissions for complex funds when market barometers often outperform them? That message remained remarkably consistent throughout his career.

Check out the companies making headlines after the bell: Shares of Netflix fell as much as 5 percent in after hours trading based on their mixed earnings released Thursday. Fourth-quarter earnings were 30 cents per share which beat analyst’s estimates by 6 cents. Quarterly revenue missed at $4.19 billion vs. the $4.21 billion estimated by

Last month was one for the Wall Street history books — not only was it stocks’ worst December since the Great Depression, but it now appears to be pivotal moment when investors really gave up on active management. According to data from Morningstar out Thursday, actively managed mutual funds experienced outflows of nearly $143 billion

It was in the early 1990s, after three or four years as a correspondent at CNBC, that it became obvious to me: the vast majority of active managers rarely beat their benchmarks. Sure, there was Bill Miller (Legg Mason Value) and Peter Lynch (Fidelity Magellan Fund), but they were distinguished by their rarity: they were

One of the key areas of pain is in privately run, as opposed to state-operated, companies. The private sector contributed to more than 90 percent of new jobs in 2017 and accounts for more than 60 percent of economic growth, according to a state media report last year. But in the fourth quarter, Miller said,

J.P. Morgan Chase CEO Jamie Dimon said Wednesday that it would be in the United Kingdom’s best interest to avoid a hard exit from the European Union. “I think a hard Brexit will be a disaster for Great Britain,” Dimon said at the Economic Club of New York. “We don’t think it will happen because

Goldman Sachs shares advanced after posting fourth-quarter profit and revenue that exceeded analysts’ expectations on strength in the firm’s investment banking and investing and lending divisions. The New York-based bank generated $6.04 per share in profit for the fourth quarter of 2018, versus the $4.45 estimate of analysts surveyed by Refinitiv. Revenue of $8.08 billion

Brendan McDermid | Reuters A banner for Snap Inc. hangs on the facade of the the New York Stock Exchange on the eve of the company’s IPO in New York. Snap chief financial officer Tim Stone is resigning to pursue other opportunities, the company said in a new filing Tuesday that sent the stock tumbling

Investment banks play a major role in the functioning of markets. They take a sell orders, find buyers and profit off of being the middlemen in a variety of securities transactions, including stocks and FICC, the industry acronym for fixed income (bonds), currencies and commodities. The industry’s revenue from trading is nowhere near the stratospheric

Check out the companies making headlines before the bell: JPMorgan Chase – The bank reported quarterly profit of $1.98 per share, below the consensus estimate of $2.20, with revenue essentially in line. Consumer, community, and business banking results beat forecasts, but investment bank and wealth management results did not. UnitedHealth Group – The health insurer

Prime Minister Theresa May’s Brexit plan is widely expected to fail in parliament Tuesday, but the defeat could still trigger a violent market reaction. “We could see knee-jerk volatility. She could lose by a historic margin. This could be a historic loss by the government,” said Marc Chandler, Bannockburn Global Forex chief market strategist. Chandler

NBC is doing a solid for the traditional pay-TV industry. Comcast‘s NBCUniversal plans to debut a free, ad-supported streaming service to anyone that subscribes to a traditional pay-TV service, including competitors such as Charter, AT&T, Cox and Dish, in the first quarter of 2020, the company announced Monday. For those that don’t subscribe to a

Citigroup posted fourth-quarter revenue that missed analysts estimates by a half billion dollars as bond trading revenue declined amid a difficult December for markets. The bank’s fixed income, currency and commodities desks produced 21 percent less revenue than a year earlier as trading conditions deteriorated after the company gave guidance in early December, according to

Ford Motor is gearing up to launch new electric cars as soon as next year, CEO Jim Hackett told CNBC on Sunday. Ford has previously announced its plans to invest $11 billion in electric vehicles by 2022 and produce 40 hybrid and fully electric cars, in a plan to revive its slowing business. However, the

Daniel Sorabji | AFP | Getty Images Traders work at the offices of CMC Markets in the City of London on December 10, 2018 as Britain’s Prime Minister Theresa May makes a statement in the House of Commons announcing the government’s intention to delay the ‘meaningful’ vote on the Brexit withdrawl agreement. Last year’s laggards

Federated Investors’ Steve Chiavarone sees four unloved groups bouncing back this year: Dividend stocks, cyclical names, small caps and emerging markets. He’s pinning his bullish case on a Federal Reserve that may not be as aggressive in raising interest rates in 2019. “I think they’re prepared not to hike any time soon,” the fund manager

This year may be a disappointing one for start-ups planning to go public. Those aiming to list in the first quarter are stuck in limbo, unable to start the application process until the government is fully re-opened. Companies like Airbnb, Uber, Lyft, Pinterest and Slack have all signaled their desire to do an initial public

After a 10 percent rebound off the Christmas Eve low, the S&P 500 is bumping up against a major area of resistance at 2,600 as earnings season begins. The S&P 500 was trading slightly lower at around 2,590 on Friday afternoon. “In our view the bulk of the decline is clearly behind us,” said Julian

Yana Paskova | Bloomberg | Getty Images Jack Dorsey, CEO of Square Inc., holds an Apple Inc. iPhone while standing outside of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 19, 2015. Mary Kay Bowman, head of payments at Square is going to Visa to be new head of seller

As the government shutdown nears a record-breaking run, retailers like Best Buy and Bed Bath & Beyond could start to feel the bite from lower consumer spending. With 800,000 federal workers not being paid and a potential delay in tax refunds, the economic effect of the partial government shutdown could be at least $2 billion

With prominent Democrats looking to unwind two years of deregulation under President Donald Trump, the seat will put her in a position to exert substantial influence. Her appointment also will give new committee Chairwoman Maxine Waters, D-Calif., an important ally. During a hearing in November, shortly after the Democrats recaptured the House in the midterm

Jason Alden | Bloomberg | Getty Images A selection of Netflix original content sits displayed in the Netflix app on an Apple iPad tablet device in this arranged photograph in London. Check out the companies making headlines after the bell: Netflix shares rose more than 1.5 percent after UBS upgraded the company to buy from

Chris Ratcliffe | Bloomberg | Getty Images Canadian maple leafs sit on the faces of one ounce gold coins in this arranged photograph at Gold Investments Ltd. bullion dealers in London, U.K., on Tuesday, July 15, 2014. Goldman Sachs has found the safe haven gold more attractive after a volatile December. The bank on Thursday raised

The Federal Reserve’s balance sheet will be reduced significantly from where it is now, Chairman Jerome Powell said Thursday in remarks signaling that more monetary tightening is ahead. Powell did not specify how much smaller the central bank’s portfolio of bonds would get, but the remark seemed to take some momentum out of the stock