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Investing
Schwab, Fidelity, Pershing Face Fresh Competition in RIA Custody
If the business of providing custody services to registered investment advisors is as difficult as Charles Schwab’s top custody executive says it is, why are so many…
We may not lose our jobs to robots so quickly, MIT study finds
As anxiety about artificial intelligence tools putting workers out of jobs reaches a global fever pitch, new research suggests that the…
Morgan Stanley pays James Gorman $37 million out of a potential $40 million for 2023
Morgan Stanley’s James P. Gorman has been awarded $37 million — near the top of the $20 million to $40 million range set the by bank’s board of directors —…
Elon Musk claims X has less antisemitic content than peers, following visit to Auschwitz
Elon Musk — who was widely criticized for an antisemitic post on his social media site, X, two months ago — said following a visit to…
Home Depot and Lowe’s downgraded on ‘cautious’ stance toward home improvement
Home Depot Inc. and Lowe’s Cos. stocks lost ground Monday after Oppenheimer downgraded the two construction-material and hardware giants to perform from…
Dow closes above 38,000 for first time
Stocks gained on Monday, building on last week’s gangbusters rally, with the Dow crossing the 38,000 mark for the first time ever.…
United sees bigger-than-expected first-quarter loss after 737 Max groundings — but here’s why the stock is rallying…
United Airlines Holdings Inc. said it expected to lose more money than expected in the first quarter, after the government this month ordered dozens of…
FTC bans TurboTax from advertising ‘free’ services, calls it deceptive advertising
The Federal Trade Commission ruled in a final order and opinion Monday that TurboTax, the popular tax filing software, engaged in deceptive…
Marriott and Hilton added thousands of hotel rooms in 2023 amid travel rebound
Shares of Marriott International Inc. and Hilton Worldwide Holdings Inc. rose Monday after the companies said they grew their hotel room footprints as travel…