Financials

Prediction markets are all the rage, but Schwab CEO Rick Wurster warns that caution is warranted. Here’s why.

The agreement would allow merchants to lower fees and reject certain credit cards. But what does it mean for the stocks—and shoppers.

Though the immediate impact of Mamdani’s win is limited, the signal it sends is not. Americans are increasingly comfortable voting for heavy-handed government.

Affirm reports a solid fiscal first quarter with certain metric standouts.

Ahead of Veterans Day, Merrill’s president and co-head discusses his military background and why veterans are a great recruiting pool for the wealth management industry.

Air travelers meet the realities of a prolonged government shutdown, holiday retail sales could top $1 trillion, and more news to start your day.

The deal would enable Schwab to offer individual investors and financial advisors greater access to private markets at a time when more companies are electing to remain private.

Robinhood and Interactive Brokers are embracing predictions markets. Traders can score big payouts on sports and other events, or lose everything.

Shares in AMD rise after the chip maker posts better-than-expected third-quarter earnings and revenue.

Many Americans in their 20s and 30s aren’t able to draw on the full wealth effects of strong stock market gains and real estate equity.

Financial sector professionals could see double-digit percentage increases thanks to stronger revenue growth, a soaring stock market, and improved business performances.

Shares in data analytics software developer Palantir tumble even as the company tops analysts' earnings estimates.

Bank of America’s stock has lagged behind rivals, notably industry leader JPMorgan Chase, over the past five years.

Kimberly-Clark agrees to buy Tylenol maker Kenvue in a cash-and-stock deal valued at about $48.7 billion, including debt.

The conglomerate beat analysts' operating profit target, but there were no share buybacks over the third quarter.

Supreme Court arguments over tariffs are coming, shutdown milestone approaches, China’s EV sales are slowing, and more news to start your day.

“The forgotten Goliath” of the big banks is serious about shedding its reputation as an underachiever. CEO Brian Moynihan’s future may depend on it.

CEO Ron Kruszewski expressed confidence in his company’s strategy.

Moody’s warns of banks’ $300 billion exposure to private credit, noting rapid loan growth often precedes asset-quality deterioration.

The company said it is on track to meet its advisor retention goals for its acquisition of rival Commonwealth Financial Network.

TIAA, the retirement-plan behemoth, also has a wealth management business with more than $200 billion of assets and nearly 700 financial advisors. The head of that business outlines how it works.

Apple is betting on a big holiday season, Netflix weighs Warner Bros. bid, Pfizer and Novo Nordisk find themselves in a bidding war, and more news to start your day.

Approximately 300 former Morgan Stanley financial advisors have filed arbitration claims against the company, with at least 50 cases pending, according to a new lawsuit.

ICE has agreed to invest up to $2 billion in Polymarket, an operator of prediction markets that plans to list event contracts that will let people bet on “Yes”/”No” propositions in sports.

CVS Health stock has been on the mend somewhat after falling from its 2022 high, but questions remain about its ongoing recovery.