Charles Schwab Plans To Lay Off 1,000 Employees Following TD Ameritrade MergerCharles Schwab said Monday that it is laying off 1,000 employees just weeks after completing its acquisition of TD Ameritrade.
Salesforce To Cut 1000 Jobs After Record Sales, Stock SurgeSalesforce plans to cut about 1,000 jobs, or less than 2% of its workforce, after it announced record-high sales of more than $5 billion.
Airbnb Files Preliminary Paperwork for Public Stock OfferingAirbnb on Wednesday filed preliminary paperwork for selling stock on Wall Street, undaunted by a global pandemic that has taken some wind out of its home-sharing business.
Lyft's 2Q Loss $437M As Riders Stay Home During PandemicLyft posted a loss on Wednesday of $437.1 million for the second quarter, when the coronavirus outbreak meant few people were looking to use its ride-hailing service.
News Of California's Reopening Rollback Sends Stocks Into ReverseWall Street got a painful reminder of the threat the coronavirus pandemic poses to the economy Monday, and a big early gain for stocks suddenly flipped to losses after California rolled back its reopening plans amid a spike in cases.
Stocks Surge To Highest Levels Since Shutdown As U.S. Death Toll Nears 100,000Stocks surged on Wall Street to their highest levels since the business shutdowns took hold in the U.S. over two months ago, climbing on optimism Tuesday about the reopening economy even as the nation’s official death toll from the coronavirus closed in on 100,000.
Tech, Health Care Stocks 'Resilient' Amid Widespread Losses During COVID-19 PandemicEven with the coronavirus pandemic throwing the global economy into disarray, tech stocks in the S&P 500 have been remarkably resilient. They’re up 4.1% for 2020.
Wall Street, Tech Stocks Suffer Opening Bell 2,000-Point Sell-Off; Trading Halted For 15 Minutes After Steep Decline After two weeks of steady declines, Wall Street was bracing for a steep tumble fueled by coronvirus fears and an oil price war between OPEC countries and Russia at Monday's opening bell as Dow futures shed nearly 1,300 points in overnight trading.
Wells Fargo 4Q Profit Slides, Hurt By Lower Interest RatesWells Fargo's net income tumbled in the fourth quarter, weighed down by hefty costs and a lower interest rate environment.
Charles Schwab Buys TD Ameritrade In Brokerage BlockbusterSan Francisco-based Charles Schwab is buying rival TD Ameritrade in a $26 billion stock swap, a blockbuster agreement accelerated by massive disruption in the online brokerage industry.
Charles Schwab Reportedly In Talks To Buy TD AmeritradeTwo of the leaders of the online brokerage industry may be merging.
Charles Schwab Drops Online Trading Commission Fees As Industry Battles Over Cost To InvestCharles Schwab is dropping commissions for online trading of U.S. stocks and exchange-traded funds, the latest slash in an industry battle that's drastically cut the cost of investing.
Protecting Your 401k: Dow Tumbles 800 Points; Is A Recession Ahead?The Dow fell 800 points Wednesday after the bond market, for the first time in over a decade, flashed a warning signal that has an eerily accurate track record for predicting recessions.
Protecting Your 401k: What Is The Yield Curve And Why It MattersThe bond market is flashing a big neon caution sign.
Rough Day On Wall Street After Feds Cut Key Interest Rate For First Time Since 2008