Month: February 2025

Index investing pioneer Charley Ellis says what gave rise to the success of the index fund remains true today: “It’s virtually impossible to beat the market,” he told CNBC’s Bob Pisani on last Monday’s “ETF Edge.” But Ellis warns of another hurdle just as high as active management’s long-term underperformance that holds back many investors:
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In this article ABNB Follow your favorite stocksCREATE FREE ACCOUNT Thomas Fuller | Lightrocket | Getty Images Airbnb shares jumped 15% in extended trading on Thursday after the company reported fourth-quarter earnings and revenue that beat analysts’ estimates. Here’s how the company did compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
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The Trump administration has already begun carrying out its plans to close parts or all of the Department of Education, which is responsible for underwriting student loans, disbursing college aid and ensuring equal access to education. President Donald Trump campaigned on a pledge to “find and remove the radicals who have infiltrated the federal Department of Education,” and suggested
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In this article PSX Follow your favorite stocksCREATE FREE ACCOUNT The Phillips 66 Los Angeles Refinery Wilmington Plant stands on November 28, 2022 in Wilmington, California.  Mario Tama | Getty Images Company: Phillips 66 (PSX) Business: Phillips 66 is an energy manufacturing and logistics company. It operates through the following segments: Midstream, Chemicals, Refining, and
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Maria Korneeva | Moment | Getty Images As millions of taxpayers file returns, many worry that certain claims could boost their chances of being picked for an IRS audit.  After an infusion of funding, the agency said it aimed to more than double the audit rate for the wealthiest taxpayers. But the IRS’ future priorities are unclear amid changing
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Zoom In IconArrows pointing outwards EatOkra’s mobile app lists nearby Black-owned restaurants. Courtesy: EatOkra When Anthony Edwards Jr. and his then-girlfriend, Janique, first moved to Brooklyn in 2016, they struggled to find food that was comfortable and familiar to them. They explored their neighborhood, Edwards said, but had a hard time finding Black-owned restaurants nearby.
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In this article DJT Follow your favorite stocksCREATE FREE ACCOUNT U.S. President Donald Trump signs an executive order establishing the Energy Dominance Council led by Secretary of the Interior Doug Burgum in the Oval Office at the White House on February 14, 2025 in Washington, DC. President Trump signed a second executive order withholding federal
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Stock picking looks easy, but the numbers prove it isn’t. S&P Global reports that after one year, 73% of active managers underperform their benchmarks. After five years, 95.5% of active managers miss the mark. After 15 years, nobody outperforms. That is not going to change, according to Charles Ellis, a veteran investment industry figure and believer in the
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