All articles tagged with #schwab
The Schwab U.S. Dividend Equity ETF (SCHD) is highlighted as a top high-yield ETF for income investors, offering a low expense ratio, diversified holdings in large-cap, high-yield sectors like energy, healthcare, and consumer staples, and a yield close to the risk-free rate, making it an attractive option for balanced income and growth.
Simplify your retirement plan by investing in low-cost index funds such as the Vanguard S&P 500 ETF and the Schwab US Small-Cap ETF, which can help you build a nest egg of $1 million or more. The Vanguard S&P 500 ETF provides easy and low-cost exposure to 500 of the largest and most profitable companies in America, while the Schwab US Small-Cap ETF offers potential growth through exposure to smaller companies. Pairing these two funds can provide a low-cost way to profit from a broader swath of the U.S. economy and add diversification to your retirement investments.
Stocks, including Pfizer, Moderna, Schwab, Lululemon, Alignment Healthcare, and Tesla, traded higher as Wall Street anticipated a week of corporate earnings, with Tesla and Netflix reporting among the highlights. The Dow Jones Industrial Average was set for its strongest day since June.
Charles Schwab has announced its plan to merge TD Ameritrade and Thinkorswim capabilities into a new platform called Schwab Trading Powered by Ameritrade. This move will provide all Schwab clients with access to Thinkorswim for the first time. Schwab plans to retain key features of Thinkorswim, including Thinkorswim Desktop, Thinkorswim Mobile, and Thinkorswim Web, as well as its programming language, advanced charting, paper trading simulator, and chat rooms. The integration is expected to be completed in a few months, and Schwab will also incorporate TD Ameritrade's investing education tools and resources into its own site.
Charles Schwab and TD Ameritrade are facing a class-action lawsuit for allegedly neglecting their responsibilities to protect customer data. Hackers exploited a vulnerability in the file-transfer system MOVEit, accessing sensitive information of 61,000 TD Ameritrade customers. The lawsuit accuses both companies of negligence, unjust enrichment, and breach of implied contract. MOVEit has been widely used by businesses and government agencies, with over 600 organizations breached since June, exposing the data of nearly 40 million people. Schwab disclosed a data breach in July, affecting less than 0.5% of its clients. The lawsuit claims that Schwab and TD knowingly failed to implement reasonable measures to safeguard the data, putting impacted individuals at an increased risk of financial fraud or identity theft.
Charles Schwab has proactively resigned from certain atypical custodial relationships with TD Ameritrade RIA custody clients, which partially contributed to a $20 billion net new asset hiccup in July. The move was made to maintain consistency, according to the company's CFO.
Charles Schwab Corp. has raised $2.5 billion in debt through the credit markets, as the brokerage firm seeks to finance its investment in technology and other growth initiatives.
Charles Schwab, the US-based financial services company, is facing debanking by some of its banking partners due to regulatory concerns. The move could impact Schwab's ability to offer certain services to its clients, including deposit accounts and debit cards. Schwab has stated that it is working to address the concerns and maintain its relationships with its banking partners.
Charles Schwab and State Street reported a decline in bank deposits as savers seek higher returns amid low interest rates. Schwab's bank deposits fell by $8.2bn in Q2 2021, while State Street's deposits decreased by $14bn in the same period. The trend reflects savers' growing preference for higher-yielding investments such as stocks and bonds.