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Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
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Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
Vanguard Group, the index fund behemoth, is considering private equity offerings and has held meetings with several firms, The Wall Street Journal reported Sunday.
The Malvern, Pa.-money manager that rose to fame by offering broad, low-cost stock-and-bond market funds, hasn't made a final decision on whether to offer access to private equity-related products, which could carry higher fees, the Journal said, citing sources. It said Vanguard has had "exploratory" talks with Boston's HarbourVest Partners, London-based Pantheon and at least one other firm over the past year.
"We continually evaluate a range of products and services, but have no immediate plans to offer a private equity fund," a Vanguard spokeswoman said in a statement.
The firm had about $5.2 trillion in assets as of the end of January.
Such a move would come as asset managers are facing increasing pressure to lower fees on their public-market funds. A report published by J.P. Morgan Chase last month said that fees on exchange-traded funds offered by large firms like Vanguard and Blackrock have dropped by 40% the past eight years.