Jack Bogle, the pioneer of index funds, expressed concern about the rise of exchange-traded funds (ETFs) during his tenure as CEO of Vanguard.
Voya Financial is set to acquire OneAmerica Financial’s $60 billion retirement plan business, a move that both companies made public today.
After a hotter-than-expected inflation reading, markets have quickly moved to price in a likelihood that the Fed will opt for a smaller rate cut.