The Weather Service issued winter storm warnings or advisories for a swath of the eastern United States that is home to 100 million people, said meteorologist Rich Otto of the U.S. The storm system, which was moving from west to east and was strengthened by arctic air from Canada, hit many parts of the Midwest on Friday, according to the National Weather Service.
The Weather Service has issued winter storm warnings or advisories for a swath of the eastern United States that is home to 100 million people, said meteorologist Rich Otto of the U.S. The storm system, which was moving from west to east and was strengthened by arctic air from Canada, hit many parts of the Midwest on Friday, according to the National Weather Service.
BOSTON, Jan 17- John "Jack" Bogle, the founder of index investment pioneer Vanguard Group Inc, changed Wall Street by convincing millions to turn away from mutual funds that actively pick stocks, but his legacy will also be shaped by the unintended consequences of index funds. As recently as 2007, index funds and ETFs accounted for only 15 percent of long-term fund...
*U.S. to sell $13 bln 10- year TIPS at 1 p.m.. Treasury yields ticked up on Thursday as better-than-expected economic data offset trade tensions between China and the United States, holding down safe-haven bids for U.S. government debt. "A lot of the risk events this week haven't done a lot to the various parts of the yield curve," said Mike Lorizio, head of Treasury and...
It's another example of how technology is transforming the way we shop.
Jan 16- John Bogle, whose family's struggles during the Great Depression led him to pioneer low-cost investing and to found Vanguard Group, now the world's biggest mutual fund firm, died on Wednesday at the age of 89, Vanguard said. The cause of death was cancer, said Bogle's assistant Michael Nolan. Bogle's life in many ways was the opposite of his great fund...
*U.S. crude oil rallies 3 percent on China news. NEW YORK, Jan 15- Major world stock markets climbed on Tuesday on hopes of more stimulus for China's economy, while sterling rebounded from the day's lows after British lawmakers defeated Prime Minister Theresa May's deal on withdrawing from the European Union. It may also simply be short-covering, "said Eric Stein,...
*Pound rebounds after UK lawmakers vote down Brexit deal. NEW YORK, Jan 15- Sterling rebounded from the day's lows on Tuesday after British lawmakers defeated Prime Minister Theresa May's deal on withdrawing from the European Union, and major world stock markets climbed on hopes of more stimulus for China's economy. It may also simply be short-covering, "said...
BOSTON, Jan 15- Members of the wealthy Sackler family behind Purdue Pharma LP personally pushed the company to boost sales of OxyContin and other opioid products even as questions emerged about the extent its painkillers were being abused, Massachusetts' attorney general alleged on Tuesday. Her lawsuit, originally filed in June in Suffolk County Superior...
In voting to hold steady the rate commercial banks are charged for emergency loans at 2.75 percent, the directors of the New York, Philadelphia, St. Louis, Minneapolis, Kansas City and Dallas Fed banks said "that downside risks to the economic outlook had increased somewhat, primarily reflecting increased uncertainty about trade policy and international...
Jan 15- Data management startup Rubrik Inc said on Tuesday it raised $261 million in its latest funding round led by Bain Capital Ventures, valuing the company at $3.3 billion. Existing stakeholders- Lightspeed Venture Partners, Greylock Partners, Khosla Ventures and IVP- also participated in the Series E round of funding. Founded in December 2014, Rubrik's...
Jan 11- After a miserable 2018, big U.S. bank stocks could be in for a lift if upcoming earnings releases show strong fourth-quarter loan growth helps to offset weak trading revenue. And some bargain hunters are also betting on stronger 2019 growth than current valuations imply. Lisa Welch, lead portfolio manager for the John Hancock Regional Bank Fund in Boston,...
Jan 11- After a miserable 2018, big U.S. bank stocks could be in for a lift if upcoming earnings releases show strong fourth-quarter loan growth helps to offset weak trading revenue. Lisa Welch, lead portfolio manager for the John Hancock Regional Bank Fund in Boston, was encouraged by a pickup in loan growth data in the fourth quarter and also expects banks to...
WASHINGTON, Jan 11- U.S. consumer prices fell for the first time in nine months in December amid a plunge in gasoline prices, but underlying inflation pressures remained firm as rental housing and healthcare costs rose steadily. Overall, the report from the Labor Department on Friday painted a picture of inflation that was under control, with increases in some...
Jan 10- A federal judge in Minnesota ruled this week that Dairy Queen, owned by Warren Buffett's Berkshire Hathaway Inc, may pursue its lawsuit to stop W.B. The St. Paul- based judge wrote on Jan. 8 that a 1990 legal precedent gave her jurisdiction because W.B. Mason had registered with Minnesota authorities, despite recent Supreme Court decisions suggesting that...
NEW YORK, Jan 10- Prominent investor Jeffrey Vinik is ready to manage money for outside clients again and plans to relaunch his hedge fund firm Vinik Asset Management after sitting out the last six years. Vinik, who once ran Fidelity's Magellan mutual fund and then oversaw $10 billion at his own hedge fund, is starting for a third time, he told Reuters on Thursday.
BOSTON, Jan 9- The former chief executive of Insys Therapeutics Inc pleaded guilty on Wednesday to participating in a nationwide scheme to bribe doctors to prescribe an addictive opioid medication and has agreed to become a government witness. Michael Babich, who resigned as the Arizona- based drugmaker's CEO in 2015, pleaded guilty in federal court in Boston...
RIVERWOODS, Ill./ CHATTANOOGA, Tenn., Jan 9- U.S. It also synchs broadly with the view of Fed Chairman Jerome Powell, who last week eased market concerns that the Fed was ignoring signs of an economic slowdown and assured markets he would be patient and flexible in policy decisions this year. "I think they have certainly changed their tune," said Eric Stein, a portfolio...
BOSTON, Jan 9- The former chief executive of Insys Therapeutics Inc pleaded guilty on Wednesday to engaging in a scheme to bribe doctors to prescribe an addictive opioid medication and has agreed to become a government witness. Michael Babich, who resigned as the Arizona- based drugmaker's CEO in 2015, pleaded guilty in Boston federal court to conspiracy and...
In these metro areas, earning $100,000 a year or more is actually pretty common.
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