Source: Betterment Regulators have asked online wealth advisor Betterment to clarify some details surrounding its new checking and savings accounts just hours after they were launched. The digital wealth-management start-up unveiled new accounts that offer as much as a 2.69% annual yield. But Betterment was asked to provide more specifics to one of its regulators
Investing
Shares of UPS surged as demand for faster delivery powered a second quarter that beat Wall Street expectations. The shipping company reported earnings of $1.96 per share on $18.048 billion in revenue. Analysts expected $1.92 in earnings per share and $17.966 billion in revenue, according to Refinitiv. Volume for NextDay Air increased by more than
The Federal Reserve heads into its meeting next week with three choices, each carrying its own advantages as well as drawbacks. Policymakers either can choose to hold interest rates steady, cut by a quarter or a half point. Raising rates isn’t an option and may well not be for several years. Markets are indicating that
A vacuuming Roomba model robot is displayed at iRobot headquarters in Bedford, Massachusetts Scott Eells | Bloomberg | Getty Images The U.S.-China trade war is badly hurting iRobot, the company that makes the Roomba robot vacuum cleaner. Shares of iRobot plummeted more than 13% in after-hours trading Tuesday after the company’s top executive said tariffs
Source: Betterment Online wealth advisor Betterment is launching checking and savings accounts. Founder and CEO Jon Stein said having the highest rate is part of a strategy to usher in new customers, and a more obvious way to compare value between banks and other fintech checking account offerings. “It’s really hard for banks to follow
Traders working on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Danger is lurking in the stock market: A monster sell-off could be around the corner if the Federal Reserve doesn’t deliver the rate cut the market expects next week. That is because the market’s so-called depth has become so
Billionaires Carl Icahn and Warren Buffett. Getty Images (l) | CNBC (r) Activist investor Carl Icahn thinks Occidental Petroleum CEO Vicki Hollub got played by the Oracle of Omaha himself, Warren Buffett, in the company’s effort to buy Anadarko Petroleum. “Buffett figuratively took her to the cleaners,” Icahn said in a letter to shareholders Monday.
Bob Iger, chairman and chief executive officer of The Walt Disney Co. Patrick T. Fallon | Bloomberg | Getty Images Following a record breaking opening weekend for “The Lion King,” CNBC’s Jim Cramer said the Disney’s stock is an insurance play for investors. “Disney is just an annuity stream,” Cramer said on “Squawk on the
Reed Hastings, chief executive officer of Netflix Inc. Akio Kon | Bloomberg | Getty Images Netflix shares are cratering after it posted a rare loss in Domestic subsribers and a much smaller than expected gain in international users when the streaming company reported second-quarter earnings. Or, as Bernstein analyst Todd Juenger put it, “the Q2 curse strikes
Netflix Co-founder, Chairman & CEO Reed Hastings attends Q&A during Transatlantic Forum as part of Series Mania Lille Hauts de France festival on May 3, 2018 in Lille, France. Sylvain Lefevre | Getty Images Netflix shares may be getting hammered on Thursday but research from Bespoke Investment Group shows that history is typically kind to