Charles Schwab CEO Walt Bettinger is retiring from his role at the end of December after 16 years leading the brokerage firm, the company announced Tuesday.Bettinger will be replaced on Jan. 1, 2025, by Charles Schwab President Rick Wurster. Bettinger will remain as the co-chair of Schwab's board.Stock Chart IconStock...
Category: Investing
The U.S. wants to triple nuclear power by 2050. America’s coal communities could provide a pathway
A bulldozer moves coal that will be burned to generate electricity at the American Electric Power coal-fired power plant in Winfield, West Virginia.Luke Sharrett | Bloomberg | Getty ImagesThe planned restart of Three Mile Island is a step forward for nuclear power, but the U.S. needs to deploy new plants...
Meet the Latin American e-commerce platform that’s outperforming Amazon this year
One of the world's largest e-commerce companies is emerging as a top pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven.MercadoLibre, an Argentinian e-commerce and payments platform that's incorporated in Delaware and actively traded on Nasdaq, is up 34% in 2024, compared to a roughly...
Top Wall Street analysts find these stocks promising for the long haul
As the earnings reporting season draws to a close, many companies were able to deliver solid results despite pressures on consumer spending.Investors seeking stocks that can withstand short-term pressures and deliver over the long term should track the recommendations of top Wall Street analysts.Bearing that in mind, here are three...
Point72’s Steve Cohen is stepping back from trading his own book
Steven CohenAdam Jeffery | CNBC Billionaire investor Steve Cohen is retiring from the trading floor at his hedge fund Point72.The prominent hedge fund investor, who also owns the New York Mets, will continue his role as the co-chief investment officer at Point72, which Cohen converted from S.A.C. Capital Advisors in...