Analysts Take Mixed Stances on Footwear Newbie
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When Rita Robbins was an operations manager at a Paine Webber branch on Long Island in the 1980s, the firm held staff meetings at a country club that didn’t admit women. No one seemed to care except her. Fast forward about 40 years, and Robbins, who has been named the...
Kathrin Ziegler | Digitalvision | Getty ImagesETF demand outstrips mutual fundsAt a high level, ETFs are investment funds that generally hold a basket of many securities such as stocks and bonds, similar to mutual funds.Unlike mutual funds, however, ETFs are traded on a stock exchange. Like stocks, they can...
Overstock.com CEO Jonathan Johnson, June 29, 2023.Scott Mlyn | CNBCThe new Bed Bath & Beyond announced Monday its CEO Jonathan Johnson is immediately stepping down from his position in a sudden and surprising move. Johnson had been Overstock's chief executive since 2019. He led the company through its acquisition of...
“…the SPX broke below its 36-month, or three-year, moving average… this long-term moving average has proven to be historically important when evaluating it...
Check out the companies making headlines before the bell. Tesla — Stock in the electric vehicle company ticked up roughly 2% after a report from Reuters said Tesla plans to build and produce electric vehicles that will sell for 25,000 euros ($26,859) at a factory near Berlin. The move...
CEO of Citigroup Jane Fraser testifies during a hearing before the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on September 21, 2022 in Washington, DC.Alex Wong | Getty ImagesWhen Citigroup CEO Jane Fraser announced in September that her sweeping corporate overhaul would result...
President Biden rarely talks about financial advisors directly. By our count, recent presidents have done so on average once a decade. So when financial advice is the sole reason he’s on the podium, we naturally devour every word. Last week, Biden introduced a Department of Labor rule proposal that would require more...
Charles Schwab’s much-anticipated transition in September for independent advisors from TD Ameritrade’s custodial system reportedly went off without a hitch — but not everyone is happy with the change. It’s been two months since the big move to Schwab Advisor Services — involving 3.6 million accounts among about 7,000 RIAs...