Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Vanguard Group will get its fourth chief executive since it was founded four decades ago.
Current chairman and chief executive William McNabb will step down as CEO in January and be succeeded by long-time company insider Mortimer J. Buckley.
Buckley, 48, who goes by the name Tim, was named president and director as part of the succession plan, the company announced Thursday. He has been the fund firm's chief investment officer. McNabb, 60, will continue to remain at the company as chairman after he hands the CEO reins over in January.
Vanguard, based in Malvern, Pa., is one of the world's biggest fund managers, with $4.4 trillion in assets. Its founder, John Bogle, popularized the concept of low-cost index fund investing. That philosophy has caught fire in recent years with a proliferation of index-tracking funds and trendier exchange traded funds. Much of the investor money has come Vanguard's way. Assets under management were about $1 trillion shortly after McNabb took the helm in 2008.
In a statement on Thursday, he said "it is the right time for a new leader and the Board is unanimous in its belief that Tim Buckley is the ideal next chief executive."
Buckley joined Vanguard's top executive ranks in 2001 and has been chief investment officer since 2013. Greg Davis, 46, who is global head of fixed income, was named chief investment officer to succeed him.
When he first started working at Vanguard in 1991, Buckley worked as assistant to then-chairman Bogle, according to the company's statement.