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The Upside – and Downside – of Commission-Free Trading

Many brokers are slashing commissions down to zero to remain competitive with one another, but the question remains: How will they make money?
Today, Alexander Green explains the upside – and downside – of commission-free trading for wealth builders.

The cost of trading stocks has been coming down for decades.
It started in 1975, when regulators abolished fixed trading commissions. (Until then, you had to pay a minimum commission of $49, equal to $176 today.)
Charles Schwab responded by immediately slashing trading costs for its clients, becoming the first true “discount broker.”
Merrill Lynch – surprise, surprise – used deregulation as an opportunity to raise …read more […]

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Fitbit in healthcare partnership to take on Apple Watch

Fitbit has been pushing deeper into the healthcare space and in August tied up with the Singapore government to provide fitness trackers and services in a health program that the company said could reach up to one million users. Under Thursday’s deal, the company’s devices will carry software that will help detect atrial fibrillation – the most common type of irregular heartbeat – after approval from the U.S. Food and Drug Administration. …read more […]

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Ford partners with Volkswagen, Amazon to build charging network for cars

The network of charging stations will be the largest in North America with 12,000 locations and more than 35,000 charge plugs, Ford said. The network will give Ford car owners access to fast charging station sites that will be set up by Volkswagen’s Electrify America. Ford is also working with Amazon for installation of home charging setups. …read more […]

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Deutsche Bank Is Stuck With LBO Loan for ‘Times New Roman’ Owner

(Bloomberg) — A group of lenders led by Deutsche Bank AG has been forced to come up with the cash to finance the leveraged buyout of typeface developer Monotype Imaging Holdings Inc. after struggling to find buyers for the debt.The banks had agreed to arrange debt financing to help private equity firm HGGC fund its takeover of the company, which owns the rights to popular fonts such as Times New Roman and Helvetica. After attempting to attract investors for about a month, the banks had to fund a $425 million loan so the deal could close last week, according to …read more […]

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How to Invest $10,000 and Watch Your Money Grow

I am often asked by family, friends and colleagues what to do when they have some extra cash to invest.
I start by telling them to invest it in me. And then they roll their eyes, because that’s a super dad joke.
If you have the same question as my people do, though, I want you to start thinking about how to invest $10,000 if you were to suddenly come into that money (perhaps through inheritance, savings, bank robbery or some other means.)
There are many investment opportunities out there, and I’d like to walk you through some of the most common. …read more […]

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Travel Agencies Have Long Struggled With Southwest. Now This Is Changing

Over the past 50 years, Southwest Airlines has grown from a regional, low-cost operation to one of the biggest airlines in the United States. Yet even through its rapid expansion, the company chose to keep its distribution very limited, forcing most travelers to book flights directly on its website. In the world of corporate travel, […] …read more […]

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3 ‘Strong Buy’ Stocks Needham Analysts Are Raving About

International investment banker Needham & Company is home to a suite of Wall Street’s best analysts. They monitor the markets, giving Needham’s clients the benefit of their experience and insight. In the past week, three of Needham’s analysts have issued reports on a series of exciting high-upside tech stocks.We’ve looked up all three in TipRanks’ Stock Screener, and found out just what put these stocks on Needham’s radar. The end results can be summed up simply: all three stocks show tremendous potential for near- to mid-term growth. Let’s take a close look at them, and see exactly why they are …read more […]

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Southwest pushes return of its Boeing 737 MAX jets to February

The airline had previously planned to remove the aircraft from its flight schedule through January 5. Boeing’s 737 MAX jets have been grounded worldwide since March after they were involved in two fatal crashes. “With the timing of the MAX’s return-to-service still uncertain, we are extending the MAX-related flight schedule adjustments through Feb. 8, 2020,” Southwest said in an update on its website. …read more […]

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How to Build Credit Fast

You’ve probably heard that you need a long credit history (a trillion years, at least) and a whole slew of credit lines to have an “exceptional” credit score, which is 800-plus. If you stick to a few rules, you will increase your credit score within the next few months. — Your account needs to be reported to the credit bureaus within the past six months. …read more […]

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Boeing 737 MAX victims' lawyers to subpoena Southwest, American airlines

Lawyers representing families of passengers killed in a Boeing 737 MAX crash in Ethiopia in March are set to issue subpoenas to Southwest Airlines and American Airlines, the two biggest U.S. operators of the jet, according to documents seen by Reuters. The lawyers want to know what Boeing Co promised potential airline customers about flight crew training and the 737 MAX certification process, and its communications with the two airlines following a Lion Air crash in Indonesia on Oct. 29, 2018, and before the Ethiopian Airlines crash on March 10. The two crashes, both involving 737 MAX jets, …read more […]