The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Airlines continue to delay when they plan to have the planes back again with no sign from regulators on when the planes will be approved again.Airlinesread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
Today's rally clearly indicates that the market is happy for the moment with just a partial deal. But the Dow gave up 200 of its 500-point gain in the final half hour as...Trader Talk with Bob Pisaniread more
Fisher was initially defiant amid the backlash in an interview with Bloomberg, in which he said he had "given a lot of talks, a lot of times, in a lot of places and said stuff...Personal Financeread more
Turkey's invasion of northeastern Syria began Wednesday after Trump ordered U.S. troops to pull back from the area.Politicsread more
SpaceX and Boeing are each in the final stages of developing the spacecraft needed for the U.S. to once again fly astronauts.Investing in Spaceread more
Typhoon Hagibis made landfall south of Tokyo on Saturday evening. By Sunday around 376,000 homes were left without electricity, and 14,000 without running water across Japan....Weather & Natural Disastersread more
While Warren's ad about Facebook isn't true, the company's own policy allows politicians to make such false claims in paid advertising.Politicsread more
California's Tehachapi Pass is already home to one of the largest wind farms in the world, and now Amazon is coming, building a huge wind project in the area. How...Powering the Futureread more
Vanguard founder and former CEO Jack Bogle thinks the stock market is more volatile than at any other point in his extensive investing career.
"I have never seen a market this volatile to this extent in my career," Bogle said on CNBC's "Power Lunch" Thursday. "Now that's only 66 years, so I shouldn't make too much about it, but you're right: I've seen two 50 percent declines, I've seen a 25 percent decline in one day and I've never seen anything like this before."
His comments come amid a period of significantly higher volatility in equity markets. Wall Street has grown increasingly wary on a number of fronts, including a potential tit-for-tat trade war between the U.S. and China as well as increased scrutiny of the technology sector, one of the market's largest sectors by market cap.
The S&P 500 has posted 26 moves of at least 1 percent since the year began with often wild swings from one day to the next.
Both the Dow Jones industrial average and the have fallen into correction territory in 2018. At its lows, the 30-stock Dow shed more than 12 percent from highs reached in January before paring those losses. The S&P 500 remains down more than 7 percent from its own January high.
The Cboe volatility index (VIX) – widely considered the market's best fear gauge – is just under 20, higher than any point in the unusually calm 2017.
Bogle has had a storied career on Wall Street and is largely known for founding Vanguard Group in 1975. Under his direction, the firm eventually became one of the most widely regarded in passive index investing, one of the most popular ways to play the market.
As of the latest reading, Vanguard Group oversees roughly $5.1 trillion in assets under management, according to its website.
But despite the dramatic moves on the Street, Bogle largely sees the turbulence as merely "noise."
"When all these people look at some future forecast — of let's say interest rates or inflation — and sell, somebody else is buying," Bogle quipped. But despite downplaying turbulence itself, the longtime investor did note that volatility could have negative downstream effects for long-term investors.
"Stocks go from hand A to hand B, from buyer to seller or seller to buyer, and I think it sometimes concerns the true long-term investors," he said. "It disturbs the investors because they see this and they think it's significant. If it's significant to them, and they panic in a big market decline and get out, they're the losers."