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☆ A judge who overturned a $72 million verdict against Boeing disclosed he bought and sold Boeing stock while hearing the case — but says his wife's IRA was to blame
▼ + stars: | 2024-08-21 | by ( Jack Newsham | ) www.businessinsider.com time to read: +5 min

Judge James Robart told Business Insider a bank that managed his wife's individual retirement account purchased Boeing stock in April 2023. He said as soon as he learned about it, he had the stocks sold; his financial disclosures said the shares were sold on two dates in May and June. Based on the prices that Boeing shares traded at on the days her IRA bought and sold the shares, at least one of the two sales was a money-loser, while the second could have been profitable. He and his family disposed of their Boeing shares more than a year before that decision. The amount of Boeing stock traded isn't much compared with Robart's total wealth.

Persons: —, Judge James Robart, Robart, it's, Clarence Thomas, Sonia Sotomayor's, Zunum, Bill Hodes, Gabe Roth, Roth, Charles Schwab, hasn't Organizations: Service, Boeing, Business, BI, Supreme, Street Journal Locations: Seattle

☆ Recession Fears Are Fueling Stock Market Crash, Wall Street Chaos
▼ + stars: | 2024-08-11 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

While there was some demand for protection against the prospect of volatility reemerging, overall sentiment across Wall Street had gotten more bullish. Until Wall Street can be sure that the consumer will hold on (or not), conviction is easily shaken. After years of weird times and outsize gains, Wall Street is dancing on a knife's edge. After years of weird times and outsize gains, Wall Street is dancing on a knife's edge. What happened on Monday was a sudden realization that the new structure may assert itself before Wall Street imagined it would.

Persons: —, Jerome Powell, we've, they'd, corporates, Dow, Mandy Xu, Cboe's, Wall, Torsten Slok, Slok, Shake, Kevin Gordon, Charles Schwab, they've Organizations: Dow Jones, Bank of Japan, Big Tech, Federal Reserve, Nasdaq, Wall, Apollo Global Management, Corporations, Companies Locations: Asia, Japan, Mexico

☆ The market is not indicating a recession is imminent, says Charles Schwab's Kevin Gordon
▼ + stars: | 2024-08-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is not indicating a recession is imminent, says Charles Schwab's Kevin GordonKevin Gordon, Charles Schwab senior investment strategist and Jose Rasco, HSBC Global Private Banking and Wealth Management Americas CIO, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Charles Schwab's Kevin Gordon Kevin Gordon, Charles Schwab, Jose Rasco Organizations: HSBC Global Private Banking, Wealth Management

☆ Banks face tough new security standards in the EU — their tech suppliers are under scrutiny, too
▼ + stars: | 2024-08-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

DORA requires banks, insurance companies and investment to strengthen their IT security. The EU regulation also seeks to ensure the financial services industry is resilient in the event of a severe disruption to operations. These IT providers often deliver "critical digital services to customers," said Joe Vaccaro, general manager of Cisco-owned internet quality monitoring firm ThousandEyes. This has made banks and other financial services providers more vulnerable to cyberattacks and other incidents. DORA will focus more on banks' digital supply chain — which represents a new, potentially less comfortable legal dynamic for financial firms.

Persons: DORA, DORA —, Charles Schwab —, Mike Sleightholme, Joe Vaccaro, Banks, Vaccaro, Sleightholme, it's, Carl Leonard, Leonard, Stephen McDermid, Okta, Fredrik Forslund, Blancco, there's, Forslund Organizations: Getty, Financial, European Union, CNBC, JPMorgan Chase, Santander, Visa, Broadridge, Cisco, EU, Data Locations: European, EU, DORA, noncompliance

☆ The Fed is unlikely to implement an emergency rate cut, strategist says
▼ + stars: | 2024-08-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is unlikely to implement an emergency rate cut, strategist saysJeffrey Kleintop, chief investment strategist at Charles Schwab, says there may be a "triple perfect storm for the market" but it's still not an environment in which the U.S. Federal Reserve would be likely to hold an emergency meeting to cut interest rates.

Persons: Jeffrey Kleintop, Charles Schwab Organizations: U.S . Federal

☆ Robinhood says there will be no 24-hour trading on Monday due to issue at third-party venue
▼ + stars: | 2024-08-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Brokerage firm Robinhood announced on Monday evening that it would not offer overnight trading due to an issue with its execution venue. The company said in a post on social media site X that Blue Ocean ATS, the third-party firm that Robinhood works with for round-the-clock trading, has suspended its overnight market. "Robinhood 24 Hour Market's execution venue, Blue Ocean ATS (BOATs), has suspended overnight trading for tonight. It is not clear if the suspension will last beyond early Tuesday morning, or if other brokerage firms that offer overnight trading are affected. Overnight trading is typically limited to the most liquid stocks and ETFs in the market.

Persons: Robinhood, Charles Schwab Organizations: Ocean ATS, Dow Jones

☆ Some Schwab customers having log-in difficulties during global markets sell-off
▼ + stars: | 2024-08-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Brokerage firm Charles Schwab is having technical issues on Monday in the middle of a steep sell-off for global equities. "Due to a technical issue, some clients may have difficulty logging in to Schwab platforms," the firm said in a post on its X social media account. Some users were reporting on social media about issues getting into their accounts. Schwab was not the only brokerage firm with social media complaints on Monday. CNBC is reaching out to other companies to see if they are having issues.

Persons: Charles Schwab, Dow, Schwab, Downdetector.com Organizations: Fidelity Investments, CNBC Locations: San Francisco , California, Schwab

☆ Thousands of users have reported online brokerage outages as stocks tumbled.
▼ + stars: | 2024-08-05 | by ( Danielle Kaye | More About Danielle Kaye | ) www.nytimes.com time to read: +1 min

Online stock trading platforms, including Fidelity Investments and Charles Schwab, said users had trouble logging into their accounts on Monday morning, preventing some investors from making trades amid a panic sell-off that reverberated around the world. Account holders at the popular trading platforms E-Trade and Robinhood also reported issues. Some Schwab clients had trouble logging onto its platforms because of an unspecified technical issue, the trading platform confirmed in a post on X. By noon, there were fewer than 500 complaints from Schwab users, Downdetector reported, based on its own data and user reports on social media. In response to complaints from customers on X, Fidelity posted around 11 a.m. that the issue had been resolved.

Persons: Charles Schwab, Schwab, Robinhood, Downdetector Organizations: Fidelity Investments, Fidelity, Vanguard, midmorning

☆ Some top brokerages reportedly go down as the market tanks
▼ + stars: | 2024-08-05 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Top brokerages had some outages on Monday morning, according to Downdetector. Fidelity told Business Insider that the issues had been resolved. Go to newsletter preferences Thanks for signing up! AdvertisementSome top brokerage firms were hit by online outages Monday as the global market continued its melt down, according to user reports. This story is available exclusively to Business Insider subscribers.

Persons: —, Charles Schwab Organizations: Fidelity, Business, Service, Vanguard, Interactive

☆ Tesla, Charles Schwab — and now Chevron. Texas is having a moment as companies leave California.
▼ + stars: | 2024-08-03 | by ( Jaures Yip | ) www.businessinsider.com time to read: +2 min

Read previewThe rush of companies leaving California for Texas is becoming a downright stampede. Chevron, which has called California home since 1879 when it began as the Pacific Coast Oil Company, is the latest. California accused Chevron and other energy giants of downplaying the risks of fossil fuels. Chevron joins a raft of other companies that have pulled up stakes in California and left for Texas, which had 52 Fortune 500 companies in 2024. And it had 55 Fortune 500 companies in the magazine's latest tally.

Persons: —, Greg Abbott tweeting, Chevron, Dallas — Organizations: Service, Chevron, Pacific Coast Oil Company, Business, Gov, Texas, Fortune, Apple, Nvidia, Lone Star State Locations: California, Texas, But Texas, Los Angeles, Silicon Valley, San Ramon, , Texas

☆ Investors do not need to have 'knee-jerk reaction' to jobs report, says Schwab's Gordon
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors do not need to have 'knee-jerk reaction' to jobs report, says Schwab's GordonKevin Gordon, senior investment strategist at Charles Schwab, joins CNBC's 'Closing Bell' to discuss the latest market moves, stocks' reaction to the recent job report, and more.

Persons: Schwab's Gordon Kevin Gordon, Charles Schwab

☆ Here’s how much money Americans in their 50s have in their 401(k)s
▼ + stars: | 2024-07-31 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

The average American believes they'll need to save $1.8 million for their post-work years, according to Charles Schwab's "2024 401(k) Participant Study." However, most Americans in their 50s have much less than that stashed away for retirement. Here's how much Americans have in their 401(k)s by age, according to Fidelity. And that's just among people who have 401(k) retirement investment accounts. "Everyday expenses continue to be the top barrier to saving more for retirement, and some older Americans say that they never expect to retire," Venkateswaran says.

Persons: Charles Schwab's, Indira Venkateswaran, AARP's, Venkateswaran Organizations: CNBC, Fidelity Investments, Fidelity, AARP

Best Banks for Avoiding ATM Fees of 2024Axos Bank: Best online bank for avoiding domestic ATM feesConnexus Credit Union: Best credit union for avoiding domestic ATM feesChase Bank: Best national bank for avoiding domestic ATM feesCharles Schwab: Best institution for avoiding international ATM feesTD Bank: Best regional bank for avoiding domestic ATM feesBetterment: Best online banking platform for avoiding domestic ATM feesCompare the Top Banks for Avoiding ATM FeesThe best banks for avoiding bank ATM fees have free regional or national ATM networks, so you won't be charged for using an ATM. Here are the best banks for avoiding ATM fees as picked by Business Insider editors in 2024. up to $500 Pros Check mark icon A check mark. You could also refer to the schedules of fees document to review ATM fees and ATM withdrawal limits." Methodology: How Did We Choose the Best Banks for Avoiding ATM Fees?

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☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Live Nation, 3M, Uber, Eli Lilly, Amazon, Coinbase & more
▼ + stars: | 2024-07-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Morgan Stanley reiterates Live Nation as overweight Morgan Stanley said shares of the entertainment concert company are compelling. " Cantor Fitzgerald reiterates Nvidia as overweight Cantor said the stock is still a top pick at the firm. Guggenheim upgrades Akamai to buy from neutral Guggenheim said shares of the cloud computing networking company have more room to run. Bank of America reiterates Apple as buy Bank of America said it's bullish heading into Apple earnings later this week. JPMorgan reiterates Eli Lilly as overweight JPM said the stock is a "core holding" ahead of earnings on August 8.

Persons: Morgan Stanley, Cantor Fitzgerald, Cantor, TD Cowen, AAPL, Wells, Booz Allen Hamilton, it's, Guggenheim, Piper Sandler, Charles Schwab, Piper, Schwab, Olin, Mizuho, Bill Brown's, Myers Squibb, JPMorgan, Eli Lilly, JPM, Evercore, Tesla, Oppenheimer, Raymond James, Davidson, Raymond James downgrades Organizations: NVDA, MU, Apple, Huawei, Booz, Guggenheim, RBC, Deutsche Bank, Northrop, Deutsche, JPMorgan, Uber, Holdings, 3M, " Bank of America, Bank of America, Edge, Barclays downgrades Bristol, Myers Squibb, Barclays, Bristol, Ford, Microsoft, Charter, HSBC Locations: China, underperform

☆ Calls of the Day: Charles Schwab, 3M and Uber
▼ + stars: | 2024-07-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Charles Schwab, 3M and UberThe Investment Committee discuss the latest Calls Of The Day.

Persons: Charles Schwab Organizations: The Investment

TD Cowen raised its price target on Apple shares to $250 ahead of earnings later this week. The firm upgraded the conglomerate to buy from hold and raised its price target to $150 per share from $110. Jonas maintained an overweight rating on Tesla stock with a $310 price target, implying more than 41% upside from Friday's $219.80 close. The analyst upgraded the chemicals stock to overweight from neutral, and reiterated a $55 per share price target. — Brian Evans 5:49 a.m.: TD Cowen raises Apple price target ahead of earnings Artificial intelligence is going to be a main driver to Apple going forward, and the company's upcoming earnings release could reflect that, according to TD Cowen.

Persons: TD Cowen, Guggenheim, Morgan Stanley, Tesla, 3M's, Bill Brown, Nicole DeBlase, DeBlase, — Brian Evans, Adam Jonas, Jonas, Brian Evans, Jeffrey Zekauskas, Olin, Piper Sandler, Charles Schwab, Charles Schwab's, Schwab, Patrick Moley, AAPL, Krish Sankar, Sankar, John DiFucci, Fred Imbert Organizations: CNBC, Apple, Technologies, Ford, Deutsche Bank, EV, JPMorgan, Olin, Huawei, Akamai Technologies, Guggenheim, Security Locations: U.S, Friday's, China

☆ Market broadening may reverse if inflation stays stubborn, says Schwab's Kleintop
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket broadening may reverse if inflation stays stubborn, says Schwab's KleintopJeffrey Kleintop, Chief Global Investment Strategist at Charles Schwab, joins 'Money Movers' to discuss if the market can still celebrate better inflation reports, what parts of the market look good to the strategist, and much more.

Persons: Schwab's Kleintop Jeffrey Kleintop, Charles Schwab Organizations: Global Investment

☆ Fade low quality small caps, says Charles Schwab's Liz Ann Sonders
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFade low quality small caps, says Charles Schwab's Liz Ann SondersLiz Ann Sonders, Charles Schwab chief investment strategist, joins 'Closing Bell' to discuss the markets, the Nasdaq dipping and cracks showing across the economy.

Persons: Charles Schwab's Liz Ann, Liz Ann Sonders, Charles Schwab Organizations: Nasdaq

☆ Watch CNBC’s full interview with Charles Schwab's Liz Ann Sonders, New York Life Investments’ Lauren Goodwin and Hightower’s Stephanie Link
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Charles Schwab's Liz Ann Sonders, New York Life Investments’ Lauren Goodwin and Hightower’s Stephanie LinkCharles Schwab's Liz Ann Sonders, New York Life Investments’ Lauren Goodwin and Hightower’s Stephanie Link, join 'Closing Bell' to discuss the markets, the Nasdaq dipping and cracks showing across the economy.

Persons: Charles Schwab's Liz Ann Sonders, ’ Lauren Goodwin, Hightower’s Stephanie Link Charles Schwab's Liz Ann Sonders, Hightower’s Stephanie Link Organizations: Charles Schwab's Liz Ann Sonders , New York Life, Hightower’s Stephanie Link Charles Schwab's Liz Ann Sonders , New York Life, Nasdaq Locations: Charles Schwab's Liz Ann Sonders , New York, Hightower’s Stephanie Link Charles Schwab's Liz Ann Sonders , New York

☆ A Silicon Valley executive had $400,000 stolen by cybercriminals while buying a home. Here’s her warning
▼ + stars: | 2024-07-23 | by ( Hugh Son | ) www.cnbc.com time to read: +7 min

Real estate, with its large transaction sizes and frequent use of wire transfers, has proven to be an especially lucrative target for criminals. In early July, Robillard told CNBC she had no idea whether she would ever see her money again. Courtesy: Rana RobillardRobillard says she decided to publicize her story to boost awareness of real estate wire fraud, besides being a last-ditch attempt at getting her money back. "This is not what I thought my public representation would look like, which is that I've lost all this money," Robillard said. While Martinez, California-based Compass Mortgage denies being hacked, it acknowledged that the email with wire directions wasn't from them, according to Robillard.

Persons: Rana Robillard, she'd, Robillard, HackerOne, Fraudsters, Naftali Harris, Harris, Charles Schwab, she's, —, Robillard Robillard, I've, it's, should've, Kristy Aichinger, Aichinger, Kent Donahue, Donahue didn't Organizations: JPMorgan Chase, CNBC, Citigroup, Ally Bank, San, FBI, JPMorgan, Federal Trade Commission, Consumer Financial, Bureau, Chase, FTC, OS National, Opendoor, Robillard, Compass Mortgage Advisors, Mortgage Locations: Oakland, Orinda ,, California, Orinda, San Francisco, Real, Martinez

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Persons: you'll, Vanguard's, Wealthfront, you've, Charles Schwab, we've, Brian Fry, Charlotte Geletka, Kaysian Gordon Organizations: Business, Mobile, Finance, M1 Finance, M1, IRA, Vanguard, Stock Market ETF, Bond, Blackrock, Invest, Chevron, SoFi Invest, Fidelity, Apple

☆ What to know about airline refunds, delays as global IT outage causes 'mass chaos,' expert says
▼ + stars: | 2024-07-19 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Airlines around the world experienced disruption on an unprecedented scale after a widespread global computer outage grounded planes and created chaos at airports. Ting Shen/Bloomberg via Getty ImagesMajor airlines like United, Delta and American Airlines grounded flights Friday morning amid a global IT outage impacting their operations, triggering delays for travelers. More from Personal Finance:Global tech outage hits financial services companies, including Charles SchwabRent a car for a road trip, or drive your own? Expedia, for example, said on social media Friday morning it was "experiencing high call volume and long wait times due to a global IT outage. The United Airlines terminal on July 19, 2024 as a global technology outage affected LAX airport in Los Angeles.

Persons: Ting Shen, Eric Napoli, Napoli, There's, John Breyault, Charles Schwab, Taylor, Biden, Breyault, Sara Rathner, Myung J, Chun Organizations: Delta Airlines, Ronald Reagan National Airport, Airlines, Bloomberg, Getty, American Airlines, U.S . Department of Transportation, National Consumers League, Finance, Global, United Airlines, Los Angeles Times, Transportation Department, Microsoft Locations: Arlington , Virginia, Delta, Los Angeles

☆ Ford Motor is among the most overbought stocks in the S&P 500 this week. Here are the others
▼ + stars: | 2024-07-19 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The S & P 500 has dropped nearly 2% for the week, putting the broad-market index on pace for its worst weekly performance since April. This market shift has pushed some S & P 500 stocks into overbought territory despite the index's decline. Against this backdrop, CNBC Pro screened for the most overbought and oversold names in the S & P 500 based on their 14-day relative strength index, or RSI. Take a look at some of the overbought names: Ford Motor made the overbought list, with the stock scoring an RSI of about 83.2. Other overbought stocks include S & P Global and Republic Services.

Persons: Russell, they've, Goldman Sachs, Pizza, Domino's, Charles Schwab, Wall Organizations: Nasdaq, Dow, Federal, CNBC Pro, Ford, Super Duty, Gen, Analysts, P Global, Republic Services, Walgreens Boots Alliance, Nike

☆ Global tech outage hits financial services companies, including Charles Schwab
▼ + stars: | 2024-07-19 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Amid a widespread global IT outage, some investors were experiencing disruptions on Friday at financial services companies, including Charles Schwab , one of the country's largest brokerage firms. The issues stem from a faulty software update from cybersecurity company CrowdStrike, which affected businesses worldwide, including airlines, banks and media outlets. CrowdStrike CEO George Kurtz said the company is "actively working with customers impacted by a defect found in a single content update for Windows hosts." A banner across Charles Schwab's website said "certain online functionality may be intermittently slow or unavailable," noting that phone services may be disrupted with "longer than usual hold time." Charles Schwab did not immediately respond to CNBC's request for comment.

Persons: Charles Schwab, George Kurtz, Charles Schwab's Organizations: Windows, Finance, Education Department

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