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Vanguard Group, the world's largest mutual fund manager with more than $4 trillion in assets, this week announced that CEO Bill McNabb will step down at the end of 2017, to be succeeded by chief investment officer Tim Buckley. Here is Buckley speaking to The Economist last summer:
The biggest advantage Vanguard has, aside from its structure, is the greed of our competitors.
At least 15 states broke their single-day novel coronavirus infection records this week, according to state health department data reviewed by Axios.
The big picture: The number of coronavirus cases increased in the vast majority of states over the last week, and decreased in only two states plus the District of Columbia, Axios' Andrew Withershoop and Caitlin Owens report.
Illustration: Aïda Amer/Axios
Photo: Francine Orr/Los Angeles Times/Getty Images
The U.S. has already celebrated Easter, graduations and so much more during the coronavirus pandemic, and now it can add July 4 to the list.
The state of play: Axios' Stef Kight writes public parades and fireworks displays around much of the country are being canceled to prevent mass gatherings where the virus could spread. Hot-dog contests and concerts will play to empty stands and virtual audiences — all while American pride treads an all-time low.