Feb 18, 2025 | Markets
Vanguard’s VOO has raked in $23 billion so far this year It’s not the first time that SPY’s crown has slipped Vanguard has unseated State Street for the title of the world’s biggest exchange-traded fund, ushering in a new world order for the $11 trillion industry. The...
Feb 17, 2025 | Markets
SSI raising more than $1 billion, including from Greenoaks Former OpenAI chief scientist left the company last year OpenAI co-founder Ilya Sutskever is raising more than $1 billion for his startup at a valuation of over $30 billion, according to a person familiar with...
Feb 17, 2025 | Markets
Good morning, and happy Presidents’ Day. US government layoffs expanded over the weekend while cuts to Medicaid threaten to divide Republicans. Traders are kept guessing on tariffs. And the BAFTAs offer a possible Oscars preview. Listen to the day’s top stories. US...
Feb 16, 2025 | Markets
Overall household debt climbed to a new high of $18.04 trillion in the fourth quarter, the New York Fed reported. Digging out of debt used to be a new year tradition. The first three months of the year typically were the busiest for credit counselors, who were...
Feb 15, 2025 | Markets
As interest rates stay high, delinquency rates are likely to creep up, experts say. Borrowers who got home loans through government-backed programs are increasingly falling behind on their payments, a potentially worrying signal for how lower-income Americans are...
Feb 15, 2025 | Markets
Bank of America warns of a bubble in US growth stocks echoing the “Nifty Fifty” and “dot-com” eras. Concentration in US stocks is significantly above historical norms, BofA said. Investors should consider diversifying and focusing on quality...
