The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
Sequoia's Michael Moritz says that direct listings worked for Spotify and Slack and will become more common for companies with "courage and intelligence."Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
The New York City police officer who used a chokehold on Eric Garner in an encounter that ended with Garner's death has been fired, New York City Police Commissioner James...Politicsread more
These are the stocks posting the largest moves midday.Market Insiderread more
The president said the Fed has been hampered by a "horrendous lack of vision" and said it should institute 100 basis points worth of reductions in its benchmark rate.Marketsread more
Investors should be careful not to buy or sell stocks based on last week's brief inversion of the yield curve in the bond market, CNBC's Jim Cramer warns.Investingread more
Investing pioneer Jack Bogle believes investors should dramatically lower their expectations for returns over the next decade.
The creator of the first index fund said the following in an interview with CNBC's Mike Santoli:
"Just for mathematical reasons, the dividend yield is 2 percent, a little under 2 percent in fact, and the long-term dividend yield on stocks is pretty close to 4 ... the earnings growth on stocks has been a little over 5, that's going to be a very tough target in the future so let's call it 4 ... 4 and 2 percent give you a 6 percent investment return, but then you have to take ... the valuations in the market. ...You take that 6 percent return and maybe knock it off a couple of points perhaps for a lower valuation, slightly lower valuation over a decade and you're talking about a 4 percent nominal return on stocks. And that's low, lower than history. History is around 6 and a half."
The founder of the Vanguard Group, who was recently called a "hero" to individual investors by Warren Buffett, said that the market is even more overvalued than it appears because Wall Street today just looks at operating earnings, which take out all the "bad stuff."
So if this is the outlook ahead, what should the regular investor do?
"It doesn't mean you should stop investing, but it means you should be investing in accordance with the expectation of lower returns in the future, and if you're wrong and if I'm wrong and the returns are higher, well, you're just going to have a terrible problem: Your nest egg is going to be larger than you would have ever expected."