Money managers that mimic the stock market just became the new titans of the fund-management world. Funds that track broad U.S. equity indexes hit $4.27 trillion in assets as of Aug. 31, according to research firm Morningstar Inc., giving them more…

Bill Gates is still in wealth-creation mode. “We're not, you know, in some defensive posture where we're mostly in cash, or anything like that,” the Microsoft Corp. founder said in an interview with Bloomberg Television. “The…

The U.S. money-market interest rate remained elevated for a third straight day, after rising to a record Tuesday. The rate on overnight general collateral repurchase agreements, or repos, was at 2.8% early Wednesday, based on ICAP pricing. On…

Follow Bloomberg on LINE messenger for all the business news and analysis you need. Vietnam is finding it's hard to win a trade war even when businesses are trying to hand you victories. The Southeast Asian growth engine has a young and growing…