Larry Ellison, Oracle's chairman and technology chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019.Justin Sullivan | Getty ImagesOracle shares moved 9% lower in extended trading on Monday after the database software maker disclosed revenue and revenue guidance that were lighter than expected.Here's how...
A roundup Monday of coordinated state investment advisor examinations so far in 2023 found that surprisingly, violations have plummeted over two years. Compared with exams in mid-2021, the North American Securities Administrators Association found that across categories such as registration, books and records, and supervision and compliance, the incidences of...
Joe Duran has mixed feelings about the current state of the wealth management industry, one that he had a significant hand in shaping. After helping to pioneer the creation of large, nationwide registered investment advisors with United Capital, which he launched in 2005, he’s now concerned about what will happen...
In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen.Budrul Chukrut | Lightrocket | Getty ImagesSports gambling giant DraftKings apologized Monday for a bet parlay offer that would have paid out if three New York teams won...
With a nod toward LPL Financial Holdings Inc.’s recent successes in both recruiting financial advisors as well as signing up large outside firms like banks to use its platform, Barclays Equity Research slapped a brand-new “overweight” rating on shares of LPL Financial (LPLA). As Barclays initiated its coverage of...
A McDonald's restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBCMcDonald's will begin virtual focus groups with some owners and operators as a part of an ongoing civil rights audit, according to a message to franchisees viewed by CNBC.The fast food giant retained WilmerHale law firm...
The following is an excerpt from "This week, your wallet," an audio program produced by CNBC's Personal Finance team. Listen to the latest episode here.Social Security is the largest federal program in the U.S. The vast majority of older Americans get Social Security benefits, which either partially or even...
Used car sales are soaring all over the U.S., and companies from Autonation to CarMax, Carvana and Buffalo, New York-based used car start-up ACV Auctions are benefitting.Patrick T. Fallon | Bloomberg | Getty ImagesDuring the pandemic, shoppers splurged on higher-end new cars. Now, given the current high car costs...
A health-care worker prepares a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic in the Peabody Institute Library in Peabody, Massachusetts, Jan. 26, 2022.Vanessa Leroy | Bloomberg | Getty ImagesThe Food and Drug Administration on Monday approved updated Covid vaccines from Pfizer and Moderna, putting the shots...