Fees associated with health savings accounts are falling but only a fraction of account holders use their HSAs as investment vehicles — and financial advisors can help turn around the latter trend, experts said. Morningstar Inc. Thursday released its annual “landscape study” on HSAs, which shows that through the middle...
This week, Charles Schwab Corp. CEO Walt Bettinger called the process of moving registered investment advisors working with TD Ameritrade onto Schwab’s custody platform “imperfect.” A day later, Dan Arnold, CEO of LPL Financial Holdings Inc., a broker-dealer that is increasingly focused on RIA custody, said “opportunity” often results...
Texas Attorney General Ken Paxton is sending shock waves through the state’s booming municipal bond market, leaving borrowers and bankers alike on edge. At least two banks, RBC Capital Markets and Wells Fargo & Co., were dropped from underwriting muni deals since Paxton said last week that he was probing...
Jonathan Majors, and his girlfriend, Meagan Good, flanked by his lawyer Priya Chaudhry (R), arrive to Manhattan Criminal court for his pre trial hearing on August 03, 2023 in New York City.Alexi Rosenfeld | Getty ImagesDisney on Friday said it was pulling troubled star Jonathan Majors' next film, "Magazine...
Abercrombie and Fitch is in the midst of a major comeback, but the retailer is still being haunted by the alleged sins of former chief executive Mike Jeffries. The company was sued Friday for turning a blind eye to Jeffries' alleged misconduct, court records show. He's accused of running a...
The Employee Retention Credit was intended to be a financial lifeline to small businesses struggling to make ends meet during the pandemic.The government program, seemingly flush with cash, led to the emergence of an industry of its own, which focused on helping businesses claim the credits. Suddenly, a parade...
Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023.Rebecca Cook | ReutersDETROIT — Contract negotiations between the United Auto Workers and General Motors are reconvening midday Friday after intense talks occurred Thursday night and into the morning,...
Check out the companies making headlines in midday trading. Intel — Shares of the chipmaker popped 9.6% Friday, a day after Intel reported third-quarter results that topped analysts' expectations. Intel also gave strong guidance for the current quarter, and CEO Pat Gelsinger said the company plans to cut costs...