For a $4.2 trillion mutual fund giant that is still growing rapidly, it occupies a small fraction of the space of a typical Wall Street trading hub. In the last three calendar years, investors sank $823 billion into Vanguard funds, the company says. The scale of that inflow becomes clear when it is compared with the rest of the mutual fund industry — more than 4,000 firms in total. The model has been a powerful one: Since 1976, fees on Vanguard funds have fallen to about 0.12 percent from about

Erdogan called Prime Minister Binali Yildirim and the leader of the nationalist MHP party, which supported the “Yes” vote, to congratulate them, presidential sources said. The result appeared short of the decisive victory that Erdogan and the ruling AK Party had campaigned aggressively for. In Turkey’s three biggest cities – Istanbul, Izmir and the capital Ankara – the “No” camp appeared set to prevail narrowly, according to Turkish television stations. Addressing a crowd outside the AKP’s headq

To get closer to Fidelity’s recommendation of having six times your salary saved by 50, follow these four steps so your money can grow over time:1. Most experts recommend setting aside 10% or more in a tax-advantaged retirement savings account, such as a 401(k) plan. Have your employer do a payroll deduction or have your money taken out of your checking account and sent straight to your retirement account. Again, if you make this automatic by setting up “auto-increase,” you won’t forget to up yo

WhatsApp CEO Jan Koum has been cashing out his Facebook stock at a rapid pace. Koum, who sold WhatsApp to Facebook for $19 billion back in early 2014, sold and gifted almost 43 million shares of Facebook stock in the past calendar year, according to a review of his Securities and Exchange Commission filings. Those shares, based on Facebook’s stock value on the dates of the sales, would be worth more than $5 billion. All of the sales were done using a 10b5-1 trading plan, which executives use to

Facebook has found another way to try and curb the spread of fake news: Hunting down and deleting spam accounts that aren’t actual humans. Earlier this week, Facebook said that it had deleted 30,000 fake accounts in France, which, as Reuters points out, was well timed: France’s presidential election is in about 10 days. Then on Friday, Facebook posted again about its efforts to fight spam accounts, this time in the form of automated Facebook “Likes” and comments generated by bots. “This effort c

In practice, Instant Articles typically do reach more people, because people are more likely to read and share them. It found that not one publisher reported earning more money through Instant Articles than they did through their own properties. Viewed in this light, Instant Articles had simply replaced one kind of view with another, less profitable one. Two years later, it’s increasingly clear that Instant Articles won’t resolve publishers’s anxieties about building sustainable businesses. Wher

Instead, Cadillac used vehicles equipped with high-powered LIDAR sensors to build a highly detailed map of the US highway system. But the inclusion of the LIDAR maps is what Cadillac thinks will set Super Cruise apart from its competitors. Cadillac has more control over how its customers use Super Cruise because of the mapping data. Super Cruise is restricted to only “divided, limited-access highways — highways with defined ‘on-‘ and ‘off-ramps,'” the company says. Caldwell said that Cadillac ha

The outcome will also shape Turkey’s strained relations with the European Union. Voting in the rest of the country begins at 8 a.m. and closes at 5 p.m. (1400 GMT). They said the Kurdistan Workers Party (PKK) militants carried out the attack in the Muradiye district of the southeast’s Van province. Relations between Turkey and Europe hit a low during the referendum campaign when EU countries, including Germany and the Netherlands, barred Turkish ministers from holding rallies in support of the c

North Korea’s latest missile launch came as no surprise and there was no need to expend resources against it, a White House foreign policy advisor said on Sunday. “We don’t need to expend any resources against that.. We weren’t surprised by it, we were anticipating it,” the advisor travelling with U.S. Vice President Mike Pence told reporters, adding initial reports said it was a medium-range missile and failed four to five seconds into the launch. Pence arrived in South Korea on Sunday to kick

Given it’s massive population, China represents a key market for consumer goods companies, and even a small change in Chinese behavior can have a massive impact on bottom lines. Diageo, the multinational company selling alcohol brands including Johnnie Walker and Captain Morgan, has its eye on the emergence of China’s whisky drinkers. “What we’re seeing in China right now is really positive,” Sam Fischer, Diageo’s president of Asia, told CNBC. “We’re seeing an increasing curiosity around people

“To reinforce our commitment to our agents and their ability to care for our customers, we will be increasing the maximum allowable compensations limit for voluntary denied boardings (VDBs) systemwide,” Delta said in a bulletin to staff. A voluntary denied boarding is when a customer raises their hand for a payout in exchange for getting bumped off of a flight. In its bulletin, Delta said its best practices included that staff “start at a lower compensation and increase, if necessary.” Last year

South Korea said on Sunday North Korea’s latest missile launch threatened the entire world, warning of a punitive action if it leads to further provocations such as a nuclear test or a long-range missile launch. “North Korea showing a variety of offensive missiles at yesterday’s military parade and daring to fire a ballistic missile today is a show of force that threatens the whole world,” South Korea’s Foreign Ministry said in a statement. A North Korean missile “blew up almost immediately” on

The North launched a ballistic missile from the same region earlier this month ahead of a summit between the leaders of the United States and China to discuss the North’s arms program. “[North] Korea missile test fails. Sinpo, where the launch took place, is the site of a North Korean submarine base and where the North has tested the submarine-launched ballistic missile (SLBM) it is developing. “This launch can possibly be a test for a new type of missile or an upgrade,” Kim added. Tension had e

United Airlines said on Friday it is changing its policy on booking its own flight crews onto its planes after a man was dragged off an overbooked flight to make way for a United employee on Sunday, video of which went viral and made the airline the target of global criticism and ridicule. The airline, owned by United Continental Holdings, said it would make sure crews traveling on their aircraft are booked into seats at least 60 minutes before departure. It said the new policy would ensure that

As United Airlines tries to contain the brand damage it sustained from forcibly ejecting a passenger several days ago, airlines overall have scored record high quality ratings. A recent Airline Quality Rating study found that the industry is losing fewer bags—and bumping fewer passengers—while arriving on time more frequently. Overall, the airline quality ranking also found on-time performance was 81.4 percent, up from 79.9 percent from last year. “Even in more mundane ways as an airline in term

A U.S. Navy attack on a Syrian airfield this month with Tomahawk missiles raised questions about U.S. President Donald Trump’s plans for reclusive North Korea, which has conducted several missile and nuclear tests in defiance of U.N. sanctions, regularly threatening to destroy the United States. Kim Jong Un, looking relaxed in a dark suit and laughing with aides, oversaw the festivities on the “Day of the Sun” at Pyongyang’s main Kim Il Sung Square. Unlike at some previous parades attended by Ki

The world’s largest brick-and-mortar retailer is in advanced discussions to acquire Bonobos, a 10-year-old men’s fashion retailer based in New York City. The deal would mark at least the fourth e-commerce acquisition by Walmart digital chief Marc Lore since Walmart acquired his company Jet.com seven months ago. Those include women’s online retailer ModCloth, outdoor gear seller MooseJaw and online shoe site ShoeBuy. Lore also bought online furniture retailer Hayneedle while Jet.com was still ind

In the auditorium of his old middle school just blocks from where he still lives, the congressman who is a lead author of the stalled House Republican health care bill was treated like the villain in a class play. It didn’t matter that Rep. Greg Walden was on a first-name basis with many of the roughly 800 attendees. A woman said, “We are absolutely disgusted that you led a committee to take away” peoples’ health care, before loud cheers drowned her out. “I care about health care. “People are fi

“There is a sea change happening in the retail industry,” said Mark Cohen, a former executive at Sears, who now runs the retail studies program at Columbia Business School. “The retail industry built too much space,” said Bruce Batkin, chief executive of Terra Capital Partners, a commercial real estate lender. The retail industry has always had its ups and downs. But even to many experienced retail workers, who are used to losing their jobs based on the seasons, this downturn feels different. Bu

Before an online audience of more than a million viewers, April the giraffe gave birth to a calf Saturday at a New York zoo, ending weeks of proverbial pacing by animal lovers in a virtual worldwide waiting room. At least 1.2 million people watched the Adventure Park’s YouTube streaming of the event. This is April’s fourth calf, but Animal Adventure Park’s first giraffe calf. Jordan Patch, owner of the Animal Adventure Park, blamed “a handful of extremists and animal rights activists” for the in