Investors in their golden years have increasingly been targeted by precious metal and collectible coin providers — a trend that state regulators, lawyers and financial advisors say needs to stop. This month, numerous states signed on to a bankruptcy plan for Lear Capital, a precious metals firm that has been...
A pedestrian walks by an advertisement for Juul on the door of a smoke shop in New York.Scott Mlyn | CNBCMarlboro maker Altria Group said Tuesday its subsidiary NJOY has sued Juul Labs — the e-cigarette company it once held significant stake in — over patent infringement of certain...
Through successful fundraising, acquisitions and a marketing campaign to lure financial advisors put off by the pending Charles Schwab-TD Ameritrade mega-merger, Altruist has established itself as a significant player on the asset custody market with ambitions to grow even larger. But it may have to do so under a new...
Andreypopov | Istock | Getty ImagesProperty taxes can be a major expense for households, and several factors may affect the size of the bill, research shows.These levies, which typically fund public services, such as K-12 education, police and firefighters, can be tough to compare across jurisdictions.But there are four...
Finra arbitrators ordered Morgan Stanley to pay a senior investor $1.8 million for weighting too much of her portfolio in a single stock — WisdomTree Investments Inc. From August 2011 to July 2020, Karen Busch worked with Morgan Stanley broker Todd Wachsman in the firm’s Garden City, New York, office....
Lowe's reported mixed results for its fiscal second quarter on Tuesday, as consumers tackled springtime projects and helped offset weakening home improvement demand.The company topped Wall Street's earnings estimates, but fell slightly short of expected sales.The home improvement retailer stuck by its full-year forecast. It anticipates total sales will...
Macy's on Tuesday signaled consumers will be pickier and more price-driven in the back half of the year, even as the retailer topped Wall Street's quarterly expectations.The company's shares fell about 14% on Tuesday, as the department store operator stood by its conservative full-year guidance. It said it expects...
Dick's Sporting Goods reported a 23% drop in profits and slashed its earnings guidance for the year after it saw an uptick in retail theft and implemented aggressive markdowns to clear out excess inventory in its outdoor category, the company announced Tuesday. For the first time in three years, Dick's...
A Dick's Sporting Goods store in Niles, Illinois, May 20, 2014.Getty ImagesCheck out the companies making headlines in midday trading.Dick's Sporting Goods — The retail stock tumbled 24.1% after Dick's reported a rare earnings miss and slashed guidance for the year, due in part to an uptick in store...
With Goldman Sachs considering jettisoning the registered investment advisor business it bought just four years ago, two giant broker-dealer networks, LPL Financial and the recently rechristened Osaic, make intriguing potential buyers, one industry analyst said. In 2019, Goldman acquired United Capital for $750 million and then renamed it Personal...