A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard said the British tanker, Stena Impero, failed to follow international maritime rules.World Newsread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
"You need to understand that we're about to embark on the busiest week of the year for industrial earnings," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
The MTA reported that the 1, 2, 3, 4, 5 and 6 trains are all facing delays due to a network communications issue impacting service in both directions, NBC New York reports.Transportationread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
US officials including Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow will host a meeting at the White House on Monday of semiconductor and...Technologyread more
Trump's constant berating of the Fed and its actions does not influence the central bank's decisions, Boston Fed's Eric Rosengren says.The Fedread more
The lawsuits allege J&J's talc-based baby powder contained asbestos and caused ovarian and other cancers.Health and Scienceread more
Vanguard's Tim Buckley shared that his biggest fear in running the multitrillion dollar investment firm: getting hacked.
Buckley, who succeeds Bill McNabb as CEO on Jan. 1, was asked at the 2nd-annual Evidence-Based Investing conference what keeps him up at night.
"Cyber," he replied at Thursday's conference in New York. "It is front of mind all the time. It's a huge investment for us."
"You have to make sure you have defense in depth. Making sure you have a strong perimeter."
The executive said he feels the burden for the retirements of millions of clients and the firm's trillions of dollars in assets.
"I'm already stressing myself out [talking about it]," he said.
Buckley also responded to criticism that the rise of passive indexing hurts the "price discovery" of assets or at what valuations companies should accurately trade based on fundamentals.
"Indexing doesn't distort prices at all. Indexing is a price taker," he said. "Whatever the market says it is worth" is what indexers pay.
He noted that passive investing represented only 35 percent of mutual fund assets and only 5 percent of trading volumes.
Buckley is president and director of Vanguard. The firm is widely regarded as the leader of passive index investing. It has $4.7 trillion of assets under management.