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Almost 95% of their clients have committed to transfer their assets to their new firm, one of the advisors says.
Existing home sales increased 1.4% to a seasonally adjusted annual rate of 5.86 million units last month, the National Association of Realtors said on Thursday. But higher home prices could dampen demand.
Among them is an all-women team based in Miami that has jumped to Insigneo, an independent broker-dealer and RIA with a Latin American focus. Wells Fargo employees will switch from WFH to WFO starting Sept. 7. Two recent legal battles underscore a crucial issue for Merrill Lynch advisors who leave the firm for rivals.
The transition is hardly noticeable yet on showroom floors, but industry resources have shifted rapidly. “We’re trying to make things change pretty quickly,” said a GM software expert.
The semiconductor shortage that has gripped the world could last well into 2022 and hit smartphone production next, foreshadowing deficient supply for a range of appliances and industrial equipment, industry executives and an economist said. The automotive sector has suffered the most this year but supply to the sector could improve relatively soon, with China taking up some production demand that Taiwan could not meet, ING Greater China chief economist Iris Pang told Reuters Global Markets Forum this week. Taiwanese semiconductor companies have boosted production in China as blackouts and ongoing COVID-19 social distancing measures disrupted factory output and port operations in Taiwan, she said.
Myles Udland, Brian Sozzi, and Julie Hyman break down Boston Beer Company’s Q2 earnings, which missed estimates due to overestimating the demand of hard seltzer from consumers causing the company to lower full-year guidance.
Fusion Logistics Inc. recently laid off 303 employees and permanently closed several Texas facilities, according to a notice sent to state officials Monday. The affected employees worked at locations in Houston, as well as the cities of Farmers Branch, Garland, Coppell and Fort Worth. The facilities will close permanently as a result of the layoffs. Officials said the job cuts were "due to unforeseeable circumstances involving an unexpectedly large increase in insurance premiums," according to d
General Motors Co and its Cruise robo-taxi subsidiary said early Saturday they have asked a U.S. federal court to stop Ford Motor Co from using the name "BlueCruise" to market its hands-free driving technology. In a statement and documents released shortly after midnight Detroit time, GM said Ford's use of the BlueCruise name infringed on GM's Super Cruise and other GM trademarks for automated driving, such as Hyper Cruise, as well as Cruise's trademarks.
(Bloomberg) -- The U.S. is swimming in so much jet fuel that even this summer’s surge in air travel can’t save the market.Air traffic in the U.S. has jumped to more than 2 million passengers a day, about 78% of where it was in the summer of 2019, according to the Transportation Security Administration. That’s done little to diminish the massive glut in jet fuel stockpiles, which stand at their highest seasonal level in a decade. Part of the problem is that refiners are trying to cash in on resur
(Bloomberg) -- Venezuela’s capital city is once again rationing gasoline after output at state-owned refineries slumped, forcing motorists to endure day-long queues to top off tanks.Shortages have returned to Caracas, prompting drivers to prowl the streets for open filling stations as lines stretch for blocks in some areas. Because of breakdowns at Petroleos de Venezuela SA fuel-making plants, gasoline output has crashed by more than 40% since the end of June, according to two sources with knowl
The natural gas markets shot straight up in the air during the course of the week, clearing the $4.00 level during the trading session on Friday.
In this article we will take a look at the 15 most valuable IT companies in the world. You can skip our detailed analysis of the IT industry’s outlook for 2021 and some of the major growth catalysts for IT stocks, and go directly to the 5 Most Valuable IT Companies in the World. The […]
MARKETWATCH PREMIUM Shares of real estate investment trusts have soared this year as the economy has been recovering from the worst of the coronavirus pandemic. Because of the recent spike in delta-variant infections, we’re not out of the woods yet.
January was the peak sales month for online grocery sales, reaching $9.3 billion during the month, according to a Brick Meets Click/Mercatus Grocery Shopping Survey conducted Jan. 28-31. Sales in February started to fall, dropping 14% to $8 billion, and have remained on a slow decline since, as more Americans began leaving their homes. Sales fell 24% from January through June, according to Bloomberg Second Measure. But for some companies, online grocery sales and delivery remain red-hot, and it'
The new, full-time jobs at the site will pay $36,000 to $65,000 a year.
Photo Illustration by The Daily Beast / Photos GettyAlan Dershowitz has long been the go-to lawyer for prominent MAGA-world figures who are having trouble with the law—from legal advice to legal punditry. But when it comes to former President Donald Trump’s class-action lawsuit against the social media giants who booted him off their platforms, even Dershowitz is currently keeping his distance this time.And that’s not from a lack of trying from Trump’s legal team.Two people familiar with the mat
Former female employees of Activision Blizzard are coming forward to share their experiences at the company after a California state agency filed a civil rights lawsuit against the gaming giant alleging widespread sexual harassment and gender and racial discrimination. Yahoo Finance’s Dan Howley joined Yahoo Finance Live to break down the key takeaways and what this means for the company.
MUMBAI (Reuters) -An Indian court on Friday dismissed appeals by Amazon.com Inc and Walmart's Flipkart that sought to stall an antitrust investigation into their business practices, dealing a major setback to the U.S. firms in a key market. The Competition Commission of India (CCI) last year ordered an inquiry after allegations from brick-and-mortar retailers that the U.S. firms promoted select sellers on their e-commerce platforms and used to business practices that stifle competition.
The $30 billion pension took stakes in Riot Blockchain and Marathon Digital Holdings in a first for the state.
Blizzard president J. Allen Brack called the allegations 'extremely troubling.'
Rick Newman joins Myles Udland, Brian Sozzi, and Julie Hyman to discuss JPMorgan exec Mary Erdoes’ comments about working 70+ hours to obtain mastery in a position at Wall Street and how these comments could affect college students seeking a career in finance.