A new Vanguard fund is aimed at investors who are hungry for income and willing to take a bit more risk to get it. The firm launched the Vanguard Multi-Sector Income Bond ETF (VGMS) last week. The actively-managed fund will focus in large part on riskier parts of the fixed income universe, including high yield corporate credit. That strategy may meet some skepticism given concerns about an economic slowdown, but the multi-sector area is one where active management is often seen as a positive. “We still view this strategy as one that investors will want to invest in even in…
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Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., speaks to the Economic Club of New York in Manhattan, New York City, on April 23, 2024.Mike Segar | ReutersJPMorgan Chase is taking a step further into the cryptocurrency space with its own stablecoin-like token, called JPMD.The U.S. banking giant told CNBC on Tuesday that it’s planning to launch a so-called deposit token on Coinbase’s public blockchain Base, which is built on top of the Ethereum network. Each deposit token is meant to serve as a digital representation of a commercial bank deposit.JPMD will offer clients round-the-clock settlement as well…
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada.Noah Berger | Getty ImagesAmazon CEO Andy Jassy said Tuesday that the company’s corporate workforce will shrink in the coming years as it adopts more generative artificial intelligence tools and agents.”We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs,” Jassy said in a memo to employees. “It’s hard to know exactly where this nets…
While a small group of technology stocks have mostly pushed the QQQ Nasdaq-100 ETF near an all-time high this year, analysts believe a more varied mix of stocks might do the heavy liting from here on out. The Invesco QQQ Trust tracks the performance of the technology-dominated Nasdaq-100 index, and those have been the stocks that have driven it to within 1% of its all-time high of $539.52, reached on Feb. 19, 2025. Take Palantir Technologies ; up 87%. Or Zscaler ; higher by 69%. While Micron Technology has jumped 42% this year and Netflix by 38%. But now analysts…
Crude oil futures rose 4% on Tuesday, after President Donald Trump demanded Iran’s unconditional surrender and threatened its supreme leader, Ayatollah Ali Khamenei.The U.S. crude oil contract for July delivery increased $2.95, or 4.11%, to $74.72 per barrel by 2:17 p.m. ET, while global benchmark Brent for August rose $3.02, or 4.12%, to $76.25.Trump threatened Khamenei as “an easy target,” warning Iran’s leader that U.S. “patience is wearing thin.” The president then called for Iran’s unconditional surrender on his social media platform Truth Social.”We know exactly where the so-called ‘Supreme Leader’ is hiding,” Trump said in a social media post.…
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New York City Comptroller Brad Lander is placed under arrest by Immigration and Customs Enforcement (ICE) and FBI agents outside federal immigration court on Tuesday, June 17, 2025, in New York. Olga Fedorova | APNew York City Comptroller and mayoral candidate Brad Lander was detained Tuesday by Immigration and Customs Enforcement agents as he was escorting a defendant out of immigration court, his wife said in a statement.”While escorting a defendant out of immigration court at 26 Federal Plaza, Brad was taken by masked agents and detained by ICE,” Lander’s wife, Meg Barnette, wrote on X.”This is still developing, and…
U.S. President Donald Trump speaks to reporters aboard Air Force One after departing early from the the G7 summit in Canada to return to Washington, June 17, 2025. Kevin Lamarque | ReutersPresident Donald Trump on Tuesday warned Iranian leader Ali Khamenei that he is an “easy target” and “our patience is wearing thin,” before demanding Tehran surrender in its conflict against Israel.”We know exactly where the so-called ‘Supreme Leader’ is hiding,” Trump wrote on Truth Social.”He is an easy target, but is safe there – We are not going to take him out (kill!), at least not for now,” he…
A Tesla Cybertruck sits on a lot at a Tesla dealership on April 15, 2024 in Austin, Texas. Brandon Bell | Getty ImagesTesla shares slid more than 2% Tuesday after a report that the electric vehicle maker was halting production of Cybertruck and Model Y models for a week in Austin, Texas.The production stoppage begins June 30, Business Insider reported, citing a staff meeting where the announcement was made. The pause, which is for maintenance on production lines, would be the third such shutdown at the Austin facility in the past year, according to BI.Tesla is tentatively launching the robotaxi in…
Vitranc | E+ | Getty ImagesOne provision in Republicans’ “big beautiful” bill would narrow the relief options for struggling student loan borrowers. House and Senate Republicans both call for the elimination of both the economic hardship and unemployment deferment.Those deferments allow federal student loan borrowers to pause their monthly bills during periods of joblessness or other financial setbacks, often without interest accruing on their debt.Less attention has been paid to the GOP plan to do away with the deferments than its proposals to eliminate several student loan repayment plans and to establish a minimum monthly payment for borrowers.The House advanced…
