Alex Ossola

Vanguard said today that it would cut fees on a quarter of its U.S.

funds, bringing Vanguard's average expense ratio across all funds to 0.06 percent.

That means that for a $1,000 investment, the fee would be 60 cents per year.

Today's cuts follow Vanguard's largest ever round of fee cuts last year.

The company said that the two moves together will save clients a combined $600 million.

We're exclusively reporting that SIBO is in discussions with retail brokerages to relaunch all-or-nothing options contracts that would compete with prediction markets like Kalshi and Polymarket.

SIBO once had binary call options but delisted them when they failed to gain traction.

Today, investors have gotten more comfortable with riskier trades and bets like predicting the outcome of the Super Bowl.

And turning to housing, though many would-be buyers are sidelined from a housing market where sales are stuck at a 30-year low, buyers that are getting into the mix are finding bargains.

Last year, about 62 percent of buyers purchased a home below the original listing price.

A new analysis by the real estate brokerage Redfin found that was the highest proportion since 2019.

Reporter Nicole Friedman says the slumping market is benefiting some buyers.

Devon Energy has agreed to buy Cotera Energy in a roughly $22 billion all-stock deal.

The combined company would be one of the world's largest shale producers and would become one of the dominant players in the Permian Basin of West Texas and New Mexico.

And Disney reported higher profit from streaming in its most recent quarter.

but its overall net income fell 6%.

Shares dropped 7.4% today after executives warned that growth in the current quarter would be slower because of higher costs for sports rights, as well as theme park and cruise line expansions.

And a decline in international tourism is weighing on its U.S.

theme parks.

Disney's board of directors is meeting this week and is expected to vote on who will succeed Bob Iger as CEO.