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European Debt Crisis

Charles Schwab April Trading Volume Falls From March

Charles Schwab Corp.'s (SCHW) daily trading volume fell 3% in April from March but climbed 2% from the year-ago period.Like its peers, Schwab has been grappling with an industry-wide decline in trading volume amid the European debt crisis and concerns about the global economy.Schwab, the largest discount brokerage in the U.S. by client assets, said its daily average client trades totaled 470,000 in April.Total client assets reached $2.11 trillion at the end of April, up about 1% from March and 15% from a year earlier.Net new assets brought to the company by new and existing clients in April totaled $22 million. These included a $7.3 billion outflow and a $2.6 billion inflow related to mutual fund clearing services clients.Last month, Schwab reported its first-quarter profit rose 5.6% as a stock market rally boosted the discount brokerage's net new assets by 12%, though its clients' trading activity fell compared with the year-earlier period.Shares closed Monday at $18.15 and were inact...

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  1. Charles Schwab 1st-Quarter Net Up 5.6% on Revenue Growth, Lower Waivers

    Charles Schwab Corp.'s (SCHW) first-quarter earnings rose 5.6% as the discount brokerage logged strong revenue growth, while fee waivers continued to decline.Like it...

  2. Euro-zone Retail Sales Fall Again

    Retail sales fell in the 17 countries that use the euro in February, underscoring the weakness in consumer demand that may delay an economic recovery leaders hope to...

  3. Euro-zone Retail Sales Fall Again in February

    Retail sales fell in the 17 countries that use the euro in February, underscoring the weakness in consumer demand that may delay an economic recovery leaders hope to...

  4. Analysis: Big inflows into bonds undercut the "Great Rotation"

    Fears of a rush for the exits from the U.S. bond market have been greatly exaggerated.Even as the fixed-income sector grapples with a rare negative start to the year...

  5. Analysis: Citigroup looks to cut cash holdings to boost earnings

    Citigroup Inc is considering cutting its cash on hand by about $35 billion, which should help the bank buy higher yielding assets or redeem expensive debt to boost e...

  6. Oil Closes At Highest Level In More Than a Month

    Oil futures closed at their highest level in more than a month on Friday as a bailout deal for Cyprus eased some, but not all, of the concerns over the euro zone and...

  7. MARKET COMMENT: Thai Shares +1.0%; 1490-1508 Resistance Tipped

    0326 GMT [Dow Jones] Thai shares are higher, with the SET up 1.0% at 1494.48, retracing a bit of last week's 7.5% selloff amid a combination of concerns on Cyprus, w...

  8. MARKET SNAPSHOT: Cyprus Bailout Failure Would Shake Stocks

    Negotiations for a financial rescue of Cyprus extended into late Sunday, leaving investors uncertain as to whether the small island-nation would agree to a bailout o...

  9. MARKET COMMENT: S&P/ASX 200 Down 0.5%; Pares Early Decline

    0004 GMT [Dow Jones] Australia's S&P/ASX 200 is down 0.5% at 4961.2, paring a 1.0% fall to a six-week low of 4937.5. Miners are recovering from an early fall that fo...

  10. BMW Sees Flat Profit Due To Investments

    Germany's BMW AG (BMW.XE) said Tuesday it foresees this year's pretax profit at the 2012 level, weighed down by huge investments and despite rising sales.Investments...

  11. UPS Says CEO's 2012 Compensation Totaled $12.1 Million

    United Parcel Service Inc. (UPS) said Chief Executive Scott Davis received compensation valued at $12.14 million last year, down about 7% from $13.05 million in 2011...

  12. Will the Cyprus Drama Affect the U.S. Market Rally?

    Nuveen Asset Management chief equity strategist and senior portfolio manager Bob Doll weighs in on whether investors should fear the effects of the drama unfolding in Cyprus.

  1. ArcelorMittal: Infrastructure Program To Raise Brazil Steel Demand

    ArcelorMittal: Brazil per-capita steel consumption to rise on infrastructure plan-ArcelorMittal Brasil CEO sees weaker Brazilian real "inevitable" in coming years-Ar...

  2. Austerity Roiling European Economics and Politics

    Europe is seeking a balance between austerity and growth that is thin as a razor and about as easy to traverse.Since the onset of the European debt crisis several ye...

  3. Sell in May and Go Away — No Way!

    You've probably heard the old adage: "Sell in May and go away." It's a nice little rhyme, and it does have a basis in the market's seasonal patterns. Historically, t...

  4. Insurers, long squeezed by low rates, now brace for a rise

    Insurance companies are still very concerned about low interest rates pinching their investment profits. But for the first time in years, their second biggest concer...

  5. The Countries with the Highest Unemployment

    The U.S. unemployment rate continues to tick down, hitting a more than four-year low of just 7.6% in March. In much of Europe, however, the situation is very differe...

  6. TD Ameritrade CEO: Trading Activity Remains Below Our Expectations

    TD Ameritrade Holding Corp. (AMTD) Chief Executive Fred Tomczyk said that while investor sentiment has improved, the engagement "remains tepid" and trading activity ...

  7. Charles Schwab Net Up 5.6% on Revenue Growth

    Charles Schwab Corp.'s (SCHW) first-quarter earnings rose 5.6% as the discount brokerage logged strong revenue growth, while fee waivers continued to decline.Like it...

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