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Schwab CEO says bullishness among retail traders is rising, with buy orders 20% higher than sells

Charles Schwab CEO Walt Bettinger said Tuesday retail investors using his brokerage are showing signs of bullishness on the stock market.

Published 18 July 2023
Categorised as Finance News

One of the world’s richest self-made men started as a motel janitor—now he has a net worth of $1.2 billion

Before he founded booking platform Yanolja, Lee Su Jin started his hospitality career as a “love hotel” janitor. Now, he has a net worth of $1.2 billion.

Published 18 July 2023
Categorised as Finance News

Charles Schwab stock pops 11% after second-quarter results beat expectations

CFO Peter Crawford said cash outflows were decelerating for the brokerage firm.

Published 18 July 2023
Categorised as Finance News

Fed banking regulator warns A.I. could lead to illegal lending practices like excluding minorities

Michael S. Barr said AI technology has potential, but also can be used for nefarious means.

Published 18 July 2023
Categorised as Finance News

Twitter laid off most of its workers in Africa last year. They say they’ve been ignored and left without severance

Former Twitter employees in Ghana have been left without severance and have not heard from the company for three months, sources told CNBC.

Published 18 July 2023
Categorised as Finance News

Is Biden’s $39 billion student loan forgiveness action legal? ‘Be assured it’s going to stay,’ says expert

The White House announced $39 billion of debt forgiveness for student loan borrowers Friday. The move would likely withstand legal scrutiny, said experts.

Published 18 July 2023
Categorised as Finance News

Morgan Stanley beats estimates on record wealth management revenue

Under CEO James Gorman, Morgan Stanley’s reliance on wealth management has helped its steady earnings and boosted its valuation relative to peers.

Published 18 July 2023
Categorised as Finance News

Stocks making the biggest moves premarket: Bank of America, Pinterest, Masimo & more

These are the stocks posting the largest moves premarket.

Published 18 July 2023
Categorised as Finance News

Bank of America tops analysts’ expectations amid higher interest rates

While analysts expected Bank of America to be one of the top beneficiaries of rising interest rates, it hasn’t played out that way.

Published 18 July 2023
Categorised as Finance News

Henry Kissinger meets with China’s defense minister in Beijing

Henry Kissinger, a former U.S. secretary of State, met with China’s defense minister, Li Shangfu, in Beijing on Tuesday, the ministry said in a statement.

Published 18 July 2023
Categorised as Finance News

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