Passive funds piled into stocks last month.
Fox Business Briefs: CVS Health and Walmart are announcing a new pharmacy benefits network; Tiffany is reporting it expects record sales and profits for the full year despite lower-than-expected worldwide sales over the holidays.
Morning Business Outlook: Tesla says it will reduce its workforce by 7 percent in an effort to lower the cost of its Model 3; Burger King is taking on McDonald's Big Mac with the launch of the new Big King XL burger.
Yale University economics professor Robert Shiller admired Vanguard Group founder John Bogle for his investors’ rights crusade that span three decades.
"The data has been really striking," Melinda Gates said.
Fox Business Briefs: Recall notices are going out to owners of nearly 170,000 Hyundai and Kia vehicles due to a fuel pipe problem that can cause an engine fire; Gymboree expected to file for bankruptcy protection for the second time in two years and plans to close all its remaining stores.
Morning Business Outlook: Apple will reportedly cut back on hiring for some divisions after lower-than-expected iPhone sales and missing its revenue forecast for the holiday quarter; Microsoft announces it is pledging up to $500 million to address homelessness and help build affordable housing in the Seattle area.
John Bogle, Vanguard Group founder pioneer of the index-fund,dies at 89.
Jack Bogle, who founded Vanguard Group and created the concept of the index-fund, dies at age 89.
CEO David Solomon makes rare appearance on earnings call.
Fox Business Briefs: American retail icon Sears gets another chance at life after the company's chairman and largest shareholder reportedly won a bankruptcy auction; McDonald's loses 'Big Mac' trademark battle to Irish fast food chain Supermac's after European Union judge ruled against the American mega-corporation.
Morning Business Outlook: Netflix is raising prices again, the company's biggest increase since the launch of the streaming service 12 years ago. The hike will take effect immediately for new subscribers while existing customers will see the increase on their bills over the next few months; Walmart announces it is leaving the CVS Caremark network following a disagreement over higher reimbursement rates.
Fox Business Briefs: Ford and Volkswagen announce plans for a global alliance to development of commercial vans and pickups; Facebook says it will invest $300 million in local news over the next three years with the money going to supporting journalists and newsrooms in the newsgathering process and helping them build sustainable business models.
Canopy Growth CEO Bruce Linton on plans to build a hemp facility in New York.
Unemployment rates for US veterans reached an all-time low in 2018; Volkswagen looks to expand its electronic fleet
Morning Business Outlook: Unemployment among America's military veterans reached an all-time low in 2018 according to data from the Bureau of Labor Statistics; Volkswagen says it will be investing $800 million to build a new electric vehicle at its plant in Chattanooga, Tennessee.
The plan will create 1,000 new jobs, as well as supporting roles at parts suppliers, the company said in a press release.
Fox Business Briefs: Children's clothing retailer Gymboree expected to file for a second bankruptcy in two years with plans to close all 900 of its stores; Taco Bell announces it will test a dedicated vegetarian menu with new items later this year.
Good news for drivers; new data shows how much Americans dug themselves into credit card debt over holidays
Morning Business Outlook: Good news for drivers as the average U.S. price of regular grade gas fell 12 cents over the past three weeks to $2.31; millions of Americans may have dug themselves into deeper credit card debt over the holiday season and many reportedly regret at least one purchase.
Fox Business Briefs: AT&T agrees to end all sales of location data from mobile phones to brokers; 'Baby Shark,' the hit children's song that has racked up over 1.2 billion views on YouTube, cracks the Billboard Hot 100 list.
Morning Business Outlook: Some businesses are offering relief to workers impacted by the partial government shutdown while the Senate passed a bill to provide back pay when the impasse ends; U.K.-based company unveils software it claims can combat the rapid rise in account sharing on streaming sites.