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
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
The Supreme Court could strike down the constitutionality of the Consumer Financial Protection Bureau, an agency Elizabeth Warren has likened to her child and which Justice...2020 Electionsread 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
The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Jack Bogle brought Wall Street investing to the masses and the industry thanked him for it following his death.
The father of the index fund passed away Wednesday in Bryn Mawr, Pennsylvania, according to a statement from the company he founded, Vanguard.
Among his many accomplishments over 89 years: Founding and running Vanguard Group, which now has $5.1 trillion in assets under management, giving investors an option for high returns at lower costs than for actively managed funds, and penning 13 books on investing.
Bogle gained plenty of respect and devotees along the way. Fans created an entire website based on his investing advice: Bogleheads.org.
After news of his death on Wednesday, tributes poured in:
Warren Buffett, chairman and CEO of Berkshire Hathaway (to CNBC's Becky Quick):
"Jack did more for American investors as a whole than any individual I've known.... A lot of Wall Street is devoted to charging a lot for nothing...He charged nothing to accomplish a huge amount. He converted in a 30-year period a lot of people to the right religion of investing. And it's a good religion. It pays off."
David Solomon, CEO of Goldman Sachs:
"Jack Bogle was a pioneer. He helped millions of people achieve a better financial future for themselves and their families, and he made everyone who makes a living in the markets think seriously about what excellence in this business is all about. He will be missed."
Carl Icahn, billionaire activist investor:
"I had great respect for the man and for many of the things he stood for."
Brian Moynihan, CEO of Bank of America:
"He was a great American innovator who taught the value of long-term thinking. We will miss his perspective and wisdom."
Kevin O'Leary, "Shark Tank" investor and O'Shares ETFs chairman:
"If the only free lunch in investing is diversification, then Jack Bogle ran the most popular diner on Wall Street. He served up indexing and never looked back. He was the rock star maverick of change and the founder of a trillion-dollar industry. His DNA is in every ETF traded."
Ken Griffin, founder and CEO of $30 billion hedge fund Citadel:
"Jack Bogle changed the landscape of finance. As the Founder of Vanguard, he built one of the world's most respected asset management firms on the principle of delivering superlative value to millions of hard working Americans seeking to grow their savings and realize their dreams."
Ron O'Hanley, president and CEO of State Street:
"With the passing of John "Jack" Bogle, the investment management industry has lost a legend. Bogle's devotion to index investing transformed the industry and provided a low-cost entry point for savers; as one of the largest index providers in the world, we and our investors owe him a great deal. Throughout his career Bogle displayed the best attributes of our profession and was the model of a principled, visionary, scrupulous, thrifty and relentlessly optimistic investor. He profoundly changed our industry for the better and exemplified the success that comes when we focus on doing what is right for investors. Our thoughts are with his family and friends at this time. We will miss him."
Many admirers took to Twitter to comment: