Vanguard to pay more than $100 million to SEC over violations involving target date retirement funds
The payment stems from a 2020 change by Vanguard that led to redemptions in one class of target date funds.…
Category: Economy
Supreme Court upholds TikTok ban, but Trump might offer lifeline
Although President-elect Donald Trump could choose to not enforce the law, it's unclear whether third-party internet service providers will support…
Target says its holiday sales were better than expected — but its profits weren’t
The big-box retailer's report indicates that deals and promotional events motivated shoppers. ...
Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter. ...
Bank of America tops estimates on better-than-expected investment banking, interest income
The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.…
New Zealand won’t ‘get rich’ by focusing trade in the South Pacific alone, PM says
New Zealand is the latest country to sign an economic partnership with the United Arab Emirates. ...
Microsoft pauses hiring in U.S. consulting unit as part of cost-cutting plan, memo says
Microsoft plans to pause hiring in part of its consulting business in the U.S., according to an internal memo, as…
South Korea’s President Yoon Suk Yeol arrested as agencies probe his short-lived martial law decree
This was the second bid to arrest the impeached president, following a failed attempt on Jan. 3. ...