Vanguard Group is testing a blockchain-powered platform that would allow asset managers to trade currencies without using major banks as intermediaries, Bloomberg reported Thursday. The currency market handles $US6 trillion each day, and is currently dominated by firms like JPMorgan Chase and Citi. Vanguard’s platform would skirt the banks’ fees […]
A Vanguard exchange-traded fund focused on socially responsible investing bought shares of a gunmaker after its underlying benchmark included them mistakenly, Bloomberg reported. The mistake happened during the index’s rebalancing in June, according to Bloomberg. Vanguard and the holder of the index fixed the mistake and notified clients right away, […]
IBM announced on Sunday it would acquire the open source software company Red Hat for $US190 per share, for a total deal value of about $US34 billion. The acquisition stands to be a significant payday for Red Hat’s top executives and shareholders. Red Hat President Jim Whitehurst could make over […]
Uber's series of scandals have finally started...