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Investors’ shift to low-cost funds brings average fees down

Published Sat, 22 Feb 2025 11:48:54 GMT

NEW YORK (AP) — Fund investors are keeping more of what’s theirs. Fees for mutual funds and exchange-traded funds fell to a record low last year, according to Morningstar. Fund investors paid about $37 in fees for every $10,000 invested, down from $40 in 2021. Altogether, that saved them a collective $9.8 billion.While that doesn’t change the fact that many stock and bond funds stuck investors with losses last year, it means they at least weren’t even worse. Funds take out their fees whether prices are rising or falling. Finding a lower-cost fund isn’t a guarantee of better performance, but it means a fund has a head start on higher-cost rivals when it comes to after-fee returns, which are what count. Investors have noticed, and they’re pouring into the lowest-cost funds as a result. The cheapest 20% of funds attracted $394 billion in net new investment last year, according to Morningstar. The remainder of the funds, meanwhile, saw $734 billion leave. I...

Idalia en Florida en vivo: trayectoria, última hora, noticias y más

Published Sat, 22 Feb 2025 11:48:54 GMT

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Microsoft to stop packaging Teams and Office software in Europe to head off EU antitrust action

Published Sat, 22 Feb 2025 11:48:54 GMT

LONDON (AP) — Microsoft will stop packaging its Teams videoconferencing app with its Office software in Europe in an effort to head off antitrust penalties by regulators. The tech giant also said Thursday that it would take steps to make it easier for competing products to work alongside its software. The announcement comes a month after the European Union’s executive Commission, the 27-nation bloc’s top competition enforcer, opened a formal investigation over concerns that bundling Teams with Office gives the company an unfair edge over competitors. The investigation was triggered by a complaint filed in 2020 by Slack Technologies, maker of popular workplace messaging software. Slack, owned by business software maker Salesforce, alleged that Microsoft was abusing its market dominance to eliminate competition — in violation of EU laws — by illegally combining Teams with its Office suite, which includes Word, Excel and Outlook.“Today we are announcing proactive chan...

Clergy dish up meatball sundaes, pickle ice pops and a little faith at the Minnesota State Fair

Published Sat, 22 Feb 2025 11:48:54 GMT

FALCON HEIGHTS, Minn. (AP) — As the sun rose on an unusually steamy opening day of the Minnesota State Fair, Jeff Knott and his two daughters joined the already long breakfast line outside the Hamline Church Dining Hall.The Lutheran family, at the fair to show the teen girls’ pigs Billy and Lil’ Red, favor this Methodist all-volunteer diner for its early opening, variety of foods including the signature “hamloaf” sandwich, and religious mission. “They use their proceeds for mission work, which I think is important,” Knott said before the family bowed their heads to say grace at the hall’s bustling tables. “Can’t get deep fried Oreos, though,” quipped Elsie Knott, 13. Faith offerings are plentiful and deep-rooted at the late-summer agricultural fairs that, nationwide, bring together 4-H children parading their prize animals and political candidates unleashing their ambitions.Here in the middle of the Twin Cities, in addition to two church dining halls that have served up hot meals fo...

McConnell’s frozen moment renews questions about America’s aged leaders

Published Sat, 22 Feb 2025 11:48:54 GMT

(CNN) — It was an excruciating moment of powerlessness for one of Washington’s most powerful men.Senate Minority Leader Mitch McConnell’s words dried up and he froze, standing silent and staring straight ahead for around 30 painful seconds in the middle of a press conference Wednesday – the second time he had endured such an uncomfortable on-camera ordeal since July. It is not clear whether it has happened more times away from the public’s gaze. But for a proud senator who has dominated the chamber for many years, the momentary loss of lucidity is embarrassing at the very least, and could become an increasing political problem.The 81-year-old Kentucky Republican was able to resume his remarks, haltingly answering a question on the commonwealth’s gubernatorial race, and later attended a fundraiser for a Senate candidate. But his misfortune immediately revived questions about his health and age – especially since he suffered a concussion in a fall earlier this year. His office insiste...

Labor Day weekend gas prices are near all-time highs

Published Sat, 22 Feb 2025 11:48:54 GMT

New York (CNN) — Drivers hitting the roads this Labor Day weekend will be greeted by historically high gas prices for this time of the year.The record-high for gas prices during the week leading up to Labor Day was set in 2012 at $3.84 a gallon, according to a CNN review of federal data that goes back to 1990.Current prices are just shy of that. The national average for regular gas ticked up to $3.83 a gallon on Wednesday, according to AAA.Normally, prices at the pump cool off as the summer winds down. Not this summer.For a variety of reasons — including OPEC holding back supply and extreme heat that has messed with refineries — gas prices have steadily increased this summer. The national average price for regular gas stood at $3.58 a gallon on Memorial Day, the unofficial start to summer.“This is abnormal. Prices normally fade towards the end of the summer,” said John LaForge, head of real asset strategy at the Wells Fargo Investment Institute.Eleven states across the country avera...

Claire Coutinho, new UK energy secretary, has distinct shades of green

Published Sat, 22 Feb 2025 11:48:54 GMT

LONDON — Claire Coutinho is in a hurry.Less than four years after being elected MP for East Surrey, the U.K.’s new secretary of state for energy security and net zero finds herself in charge of keeping the lights on in the U.K — and delivering on the country’s legal commitment to hit net zero carbon emissions by 2050.It’s a big promotion for the 38-year-old, who has previously held two junior ministerial posts, most recently as minister for children, families and wellbeing. She is the first of the Conservatives’ 2019 election in-take to join the Cabinet. Her rapid ascent sees the U.K.’s six-month old Department for Energy Security and Net Zero switching Grant Shapps, a pugnacious media performer and one of the government’s most experienced figures, for a Tory rising star who some hope will restore the party’s green credentials, at a time when many Tory MPs are questioning the wisdom of the net zero project.A close ally of the prime minister, Coutinho work...

Police: Man crashes car into Hudson, N.H. church, sets fire at entrance

Published Sat, 22 Feb 2025 11:48:54 GMT

HUDSON, N.H. — Police say a Salem, N.H. man crashed his car into the First Baptist Church in Hudson, started a fire at the church’s entrance, and attempted to break into a 7-Eleven located next door, all during the early morning hours Saturday.The Hudson Police said the destructive incident was brought to their attention at around 2:30 a.m. when they were flagged down by a man standing in the roadway, near the intersection of Central and Greeley streets.Police said the man, later identified as 29-year-old Matthew Jackson, alerted officers to a fire at the First Baptist Church, located at 236 Central St.Based on an on-scene investigation, police said they developed probable cause to believe Jackson intentionally started the fire at the entrance of the church, “causing extensive fire damage.”With Jackson in custody, an additional investigation was conducted, at which point police said they discovered Jackson had crashed his car — a Nissan Versa — into the side of the church. The crash...

Healey, Fiandaca shed no new light on Secretary’s departure 

Published Sat, 22 Feb 2025 11:48:54 GMT

Gov. Maura Healey and outgoing Transportation secretary Gina Finadaca appeared together during Wednesday’s tour of the Sumner Tunnel but did not answer multiple questions surrounding Fiandaca’s exit from office after just seven months on the job.In a surprise announcement Monday, the Healey administration said Fiandaca, who served four years as transportation commissioner under former Boston Mayor Martin Walsh, will depart from her post on Sept. 11 and stay in an advisory role for the rest of the year.Related Articles Battenfeld: First major shake-up of Healey administration shrouded in mystery Sumner Tunnel reopens Friday; some weekend shutdowns will persist Top legislative Democrats confident in Healey’s MassDOT as Gina Fiandaca departs Healey’s Transportation Secretary Gina Fiandaca out after less than a year As an advisor, Fiandaca will continue to collect her $181,722 salary, according to MassDOT.She was appoi...

Man ran over by delivery truck dies

Published Sat, 22 Feb 2025 11:48:54 GMT

SAN DIEGO -- A man was killed Wednesday after being ran over by a delivery truck in Miramar, authorities said.According to the San Diego Police Department, a 31-year-old man entered his parked Chevrolet delivery truck around 2 a.m. and began to drive eastbound through the parking lot of 9750 Distribution Ave. 5 things to do Labor Day weekend in San Diego Unbeknownst to the driver, a 28-year-old man was laying down underneath the delivery truck at the time, police explained. Ultimately, the delivery truck ran over the man who was laying underneath it. The injured man was transported to a local hospital where he was pronounced dead.SDPD's Traffic Division responded and is handling the investigation. During the investigation, police say it was determined the man underneath the vehicle had been consuming alcoholic beverages prior to the incident.Anyone with information related to the incident is encouraged to call Crime Stoppers at 888-580-8477.