Ten years ago, Robinhood was founded to “democratize” stock trading, or more simply, to make it more accessible for anyone to trade stocks. Over time, the now publicly traded company has broadened its offerings – allowing users to do far more than just buy shares of stocks. Today, its goal...
Republican and Democratic lawmakers pressed an SEC official Tuesday to drop a mutual fund reform proposal they say would hurt ordinary investors — but they didn’t get the response they wanted. Bipartisan ire about the measure, which is designed to bolster mutual fund resiliency during times of market stress, was...
Carlyle Group is providing a cash infusion to acquisition-hungry Captrust Financial Advisors, the latest sign that private equity is still very much interested in registered investment advisors and that deals in the space may still be ramping up. Funds managed by Carlyle are making “a minority growth investment” in the...
A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, March 29, 2023.George Frey | ReutersEli Lilly on Tuesday sued 10 medical spas, wellness clinics and compounding pharmacies across the U.S. for...
Los Angeles Dodgers center fielder Cody Bellinger (35) steals second base as St. Louis Cardinals second baseman Tommy Edman (19) takes the late throw at Dodger Stadium in the 2021 National League Wild Card game.Robert Hanashiro | USA TODAY SportsSports are coming to Warner Bros. Discovery's streaming app Max.Beginning...
The debt-financed, $1.2 billion acquisition of Avantax Inc. and its 3,100 financial advisors that Cetera announced last week is not only an indication of firms’ interest in nabbing more and more wealth management assets, but also shows how using debt to fuel such deals could further reshape the financial...
2023 Ford Super Duty F-350 LimitedFordDETROIT — Ford Motor's labor troubles could become an international issue that affects U.S. production of some pickup trucks, as Canadian union Unifor and the company have only hours to reach an agreement for roughly 5,600 autoworkers.The sides have to reach a deal before an extended...
NBA player Kevin Durant attends a 2023 FIBA World Cup exhibition game between Puerto Rico and the U.S. at T-Mobile Arena in Las Vegas on Aug. 7, 2023.Ethan Miller | Getty ImagesNational Basketball Association superstar Kevin Durant and business partner Rich Kleiman on Tuesday announced the launch of a...
United Auto Workers (UAW) members on a picket line outside the Ford Motor Co. Michigan Assembly plant in Wayne, Michigan, US, on Friday, Sept. 15, 2023. Bloomberg | Bloomberg | Getty ImagesThe Biden administration is no longer sending two key officials to Detroit this week to potentially help broker a...
