What you need to know on Wall Street right now
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US gross domestic product, or GDP, whiffed in the fourth quarter, increasing at an annual rate of 1.9%. Economists had estimated that the US economy grew by 2.2%.
Over on Wall Street, Vanguard founder Jack Bogle says hedge funds and mutual funds are "throwing up a whole lot of straw men" and excuses for why their funds are not outperforming their index benchmarks, despite having higher fees than index funds. Читать дальше...