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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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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.
ArcelorMittal: Brazil per-capita steel consumption to rise on infrastructure plan-ArcelorMittal Brasil CEO sees weaker Brazilian real "inevitable" in coming years-Ar...
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...
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...
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...
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...
TD Ameritrade Holding Corp. (AMTD) Chief Executive Fred Tomczyk said that while investor sentiment has improved, the engagement "remains tepid" and trading activity ...
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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