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Goldman Sachs said on Monday it will buy active exchange-traded fund sponsor Innovator Capital Management in a cash-and-stock deal worth about $2 billion, as the Wall Street bank seeks to expand in one of the fastest-growing asset management segments.Active funds have regained lost ground in the last few years as investors favor a more hands-on approach following lower returns from passively managed index products amid tighter monetary policy.Global assets in […]

Hundreds of thousands of outdoor camping stoves sold at Walmart are being recalled after several units reportedly exploded, causing second-degree burns.The Consumer Product Safety Commission (CPSC) warned in a notice published last week that the Ozark Trail Tabletop 1-Burner Butane Camping Stoves could explode or catch fire, posing burn and fire hazards to consumers. About 201,000 products were included in the recall.Prior to the recall, the manufacturer, China Window Industry […]

There is no war on Christmas this year, according to one of President Donald Trump’s senior economic advisors, who touted strong consumer spending during the holiday shopping season’s biggest days."The fact is that we just had the best Black Friday that we've ever seen. And it's not just because people are out there taking debt on their credit cards, it's because incomes are way up under President Trump," National Economic […]