Maggie Fitzgerald’s Posts

CEO departures are on pace to hit the highest level on record this year, according to business and executive coaching firm Challenger, Gray & Christmas.

Charles Schwab said on Tuesday that it is ending commissions for online trading in U.S. stocks, exchange-traded funds and options, the culmination of a years-long fee battle in the brokerage industry.

Chinese companies do not deserve to be listed on the U.S. stock exchange if they don’t adhere to the same standards as every American company, said hedge fund manager and Hayman Capital Management founder Kyle Bass.

In just the last 24 hours, the CEOs of WeWork, eBay and Juul have all stepped down from their posts, the continuation of a record-setting pace of exits this year by the heads of U.S. businesses.

U.S. Secretary of Energy Rick Perry said it is time to form a coalition of countries to address Iran’s “malign” activity.

Earnings growth estimates have come down drastically since the beginning of the year, when many investors were expecting a big year for the U.S. economy.

Despite retailers banking on acceleration in the fourth quarter from holiday sales, Wells Fargo said fundamental trends have deteriorated.

Shareholder value is no longer the main focus of some of America’s top business leaders.

The Business Roundtable, a group of chief executive officers from major U.S. corporations, issued a statement Monday with a new definition of the “purpose of a corporation.”

The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods, according to J.P. Morgan.

Volatility is back on Wall Street.

The average daily point range of the Dow Jones Industrial Average so far this month is about 482 points, which is more than double the average daily range from the rest of the year (224 points from January to July).

The United States Trade Representative office said Tuesday that new tariffs on certain consumer items would be delayed until Dec. 15, while other products were being removed from the new China tariff list altogether. It cited health and security factors.

Recession risk is rising, according to Bank of America.

Based on the most recent data, the bank’s global economist now sees a greater than 30% chance of a recession in the next year.

Goldman Sachs has a new battle plan for the trade war: Buy service-providing stocks and avoid goods-producing companies.

Treasury Secretary Steven Mnuchin said the Justice Department should be looking into Amazon’s practices.

House Speaker Nancy Pelosi is rejecting the White House’s most recent debt ceiling proposal, which included $150 billion in spending cuts, Bloomberg News reported on Friday.