News

Charles Schwab CEO Walt Bettinger to retire at end of 2024, Rick Wurster to replace him

After 16 years leading the brokerage firm, Bettinger will be replaced by an internal CEO hire.

London-based Robinhood rival Freetrade buys UK arm of Australian investing platform Stake

British retail investing app Freetrade has entered into an agreement with Australian rival Stake to take on all of the company's U.K. clients and their assets.

Robinhood launches crypto transfers in Europe as it pushes overseas expansion

Retail investing platform Robinhood is setting sights on an EU expansion as part of broader plans to increase its global foothold.

China's stock surge has echoes of the 2015 bubble. What's different this time

The rocket up in Chinese stocks so far looks different from the market bubble in 2015, analysts said.

Watch Fed Chair Jerome Powell speak live on economy, policy views

The central bank leader speaks Monday to the National Association for Business Economists in Nashville.

States forge ahead with Inflation Reduction Act energy rebates — so far, South Dakota is the only one to opt out

Arizona, Maine, New York, New Mexico, Rhode Island and Wisconsin have launched consumer rebate programs tied to energy efficiency.

China stocks just had their best day in 16 years, sending related U.S. ETFs soaring

The Shanghai Composite rallied 8.06% in its best day since September 2008.

'No challenges can stop China's progress' Xi Jinping says in 75th anniversary speech

Chinese President Xi Jinping made no mention of specific countries or trade conflicts in his Monday speech and portrayed Beijing as upholding globalization.

Treasurys on the blockchain: How a new deal could reshape the ETF industry

Blockchain technology and tokenization are starting to challenge the traditional ETF model.

Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams

JPMorgan disclosed that the CFPB could punish the lender for its role in Zelle, the giant peer-to-peer digital payments network.

China optimism is surging. Why some investors are cautious

China's latest policy signals have a bigger impact on sentiment than resolving deeper issues such as real estate, analysts said.

OpenAI CFO tells investors funding round should close by next week despite executive departures

OpenAI CFO Sarah Friar is looking to reassure its investors that the company is still in a strong position after losing top talent this week.
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