Spreading the truth. Empowering the people.
Charles Schwab Corp. will let investors buy and sell fractions of shares in coming months as part of an effort to attract younger clients to its online brokerage platform. Founder … Read more
www.ft.com/content/98318f9a-c808-11e9-a1f4-3669401ba76f The world’s largest wealth manager has turned bearish on stocks, fearing that the latest escalation of the trade fracas between the US and China poses a heightened threat … Read more
SHANGHAI—An accounting scandal has disrupted dozens of initial public offerings and other fundraising plans in China, intensifying investor concerns about the amount of trust they can place in audited financial … Read more
via Zerohedge: For years, European banks were leery of passing on the ECB’s negative -0.40% deposit rate to their clients for fears of deposit flight and other unintended consequences, in … Read more
The Federal court has upheld a complaint by the Swiss Federal tax administration with three to two votes. The Federal judge of the second public law Department have in their … Read more
via Bloomberg: U.S. investment-grade credit spreads are at the highest level in more than two years as the market nears the end of 2018 with the worst returns in a … Read more
via slopeofhope: This is a cautionary tale. A tale of a fund of nearly 300 clients and nearly $80 million which blew up in the span of hours from a market … Read more
Apparently if you’re part of his investment “family,” not only is your account zero, you now owe money. This boy lost a lot of money. James Cordier of Optionsellers.com humbled … Read more
via @spriha Hamers added that some customers have indicated their sales will go down, their costs will increase and therefore their products may not be as competitive. Market watchers are now … Read more
via bi Morgan Stanley Wealth Management has told its clients to “consider taking profits” in the consumer-discretionary sector and has offered three alternatives. Consumer spending contributes to more than two-thirds … Read more
Emails released by the US Department of Justice (DOJ) show RBS bankers joking about destroying the housing market before the 2008 crash. RBS’s chief credit officer described the products he … Read more
by dying_to_be_vain As the Reuters’ headline says, Omnicom’s organic growth misses estimates as U.S. clients curb spending. Omnicom reported a 2 percent rise in organic revenue – a closely watched measure … Read more
Merrill Lynch’s private clients still hold extremely low levels of cash and … … run high-beta portfolios. Buybacks Amazon, Netflix and Microsoft together this year are responsible for 71% of … Read more
by stockboardasset During periods of market uncertainty, Morgan Stanley will deploy a vast army of artificial intelligence (AI) robots to tell its wealthy clients to remain calm and Hold On for Dear Life … Read more