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Byline: Hannah Miao Duke's Panhellenic Association condemned violations of the University's COVID-19 protocols and emphasized the organization's commitment to accountability in a statement to The Chronicle on Monday evening. The [...]

Byline: Hannah Miao Before the famed 'First Five' Black undergraduate students enrolled at Duke University in the fall of 1963, the Board of Trustees took the first step toward desegregation [...]

Byline: Hannah Miao New U.S. Immigration and Customs Enforcement guidance bars newly enrolled international students from entering the United States for the Fall semester if they take only online classes. [...]

Byline: Hannah Miao A good education, respectable job, beautiful home and a nuclear family -- these metrics have long been the emblems of success in America. Many of us have [...]

Byline: Hannah Miao Last week, for the first time in my life, my parents warned me that my identity might put me in danger and urged me to be careful [...]

Rick Wurster has been named the next CEO of Charles Schwab, tasked with leading the brokerage through a transition. The company has faced challenges with its banking arm, resulting in stagnant revenue and profits. Wurster, who has been with Schwab since 2016 and became president in 2021, is expected to continue the strategy set by longtime CEO Walt Bettinger. He is known for his dedication to the company, arriving at the office early and traveling to branches to connect with employees and customers. Wurster aims to prioritize customer satisfaction and long-term value for clients. [Extracted from the article]

Charles Schwab has named Rick Wurster as its next CEO, succeeding Walt Bettinger who will retire after a 16-year tenure. Wurster, currently the president of Charles Schwab, will take over as CEO on January 1. Under Bettinger's leadership, Schwab grew from a discount brokerage to a major player in personal finance, but the company is currently facing challenges such as declining revenue and profit. Wurster's priorities include keeping existing customers happy, expanding services for specific groups, and utilizing artificial intelligence to improve efficiency. [Extracted from the article]

Kyla Scanlon, a 27-year-old economic commentator and author, has gained a significant following on social media platforms like TikTok and Instagram for her analysis of various economic topics. She coined the term "vibecession" to describe the disconnect between economic data and consumer sentiment. Scanlon's rise in popularity coincides with the entrance of millions of Americans into the stock market since the pandemic, and she has become a sought-after figure for interviews by Fed presidents and White House officials. Despite her success, Scanlon acknowledges the challenges she faces as a young woman in gaining credibility in the field of economics. [Extracted from the article]

The article presents the discussion on Tulane University as the top college for party scenes according to the 2025 Wall Street Journal/College Pulse survey. Topics include the ranking of Southern and Midwestern schools, the criteria used to evaluate party atmospheres; and the inclusion of this data in the broader college rankings.

Many middle-aged Americans feel unprepared for retirement, with a median account balance of around $60,000 in employee-sponsored retirement plans. However, financial advisers suggest that those in their 40s and 50s still have time to increase their savings rate and create a plan for their later years. Advisers recommend assessing finances, including spending and retirement savings, to determine how much more needs to be saved. They also suggest tackling high-interest debt and taking advantage of employer benefits. Saving more, investing in the stock market, and considering alternative retirement strategies are other ways to boost retirement funds. Ultimately, there is no one-size-fits-all approach, and individuals should prioritize what is most important to them. [Extracted from the article]

Charles Schwab, a major brokerage firm, is facing challenges with its banking division. The company's revenue heavily relies on its bank, which has been affected by rising interest rates and customers moving their deposits to higher-yielding alternatives. To address this, Schwab is planning to change its approach to customer deposits and focus on more profitable services like loans and financial advice. However, the market is skeptical, and the company's stock has declined. Schwab is also undergoing a leadership shake-up and considering outsourcing deposits to third-party banks. While analysts believe the shift in strategy could benefit Schwab in the long run, there are concerns about replacing the lost interest-related earnings. Schwab is also looking to expand its financial advice and wealth management services, particularly targeting former customers of TD Ameritrade, which it acquired in 2020. [Extracted from the article]

The recent market turmoil has revived the age-old question of whether investors should "buy the dip" when the stock market declines. While many investors have been rewarded for buying into declines in recent years, there is no guarantee that this strategy will always be successful. Financial advisers generally recommend continuing to invest through market swings, as historically, the S&P 500 has generated a median return of 6% over the following three months after a 5% drop. However, the pandemic era has brought unexpected changes to the economy and inflation, which could impact market dynamics. Ultimately, the decision to buy the dip depends on individual risk tolerance and long-term investment goals. [Extracted from the article]

Major retail brokerages, including Charles Schwab, Vanguard, and Fidelity, experienced outages during the stock market selloff on Monday. Many customers were unable to log into their accounts or reach customer service representatives. The issues were resolved by midday, but it is unclear how many customers were affected. The outages highlight ongoing problems with the technology infrastructure of retail brokerages during periods of market volatility. [Extracted from the article]

Stocks retreated on Wednesday after the release of minutes from the Federal Reserve's latest policy meeting, which showed concerns about persisting inflation and raised doubts about the timing of interest rate cuts. The S&P 500 and Nasdaq Composite both declined, while the Dow Jones Industrial Average shed about 200 points. The minutes revealed that policymakers were uncertain about price pressures and mentioned a willingness to tighten policy further if inflation risks materialize. The stock market had previously rallied this month on hopes of rate cuts, but the risk of inflation picking up is not currently priced into the market. [Extracted from the article]

Trading activity among retail investors has reached its highest levels since early 2022, with platforms like Charles Schwab, Morgan Stanley, and Robinhood experiencing increased engagement. The S&P 500 had a strong first quarter in 2024, with 22 record closes and a 6.9% increase for the year. However, concerns about inflation, interest rates, and economic growth have dampened investor enthusiasm. Despite this, some investors remain hopeful and continue to engage in options trading and other risky contracts. The market has also seen similarities to the risk-on mood of 2020 and 2021, with volatile trading in stocks like GameStop and AMC Entertainment. [Extracted from the article]

The Dow Jones Industrial Average experienced its worst week since March 2023, with a loss of about 921 points or 2.4%. The S&P 500 and Nasdaq Composite also fell, with weekly losses of 1.5% and 1.6% respectively. The decline was attributed to concerns about inflation and geopolitical uncertainty. The Federal Reserve's potential interest rate cuts were also called into question. Additionally, tensions between Iran and Israel contributed to investor concerns. [Extracted from the article]

Tech stocks led a rebound in the stock market after a previous session's selloff caused by concerns about inflation. The Nasdaq Composite reached a new all-time high, while the S&P 500 and Dow Jones Industrial Average also saw gains. The latest wholesale price report offered some relief to investors, showing a lower-than-expected increase in March. Tech companies, such as Amazon, Nvidia, and Apple, saw their shares rise. Wall Street is revising projections about the Federal Reserve's interest-rate policy, with some now expecting fewer rate cuts than previously anticipated. The yield on the 10-year U.S. Treasury note rose, but some investors believe that the stock market can still perform well if rates remain at current levels. Earnings season is set to begin, with analysts expecting companies in the S&P 500 to report higher first-quarter earnings compared to the same period last year. [Extracted from the article]

The S&P 500 reached a new record high at the end of the first quarter, marking its best performance since 2019. The index rose by 0.1%, achieving its 22nd all-time high of the year. The Dow Jones Industrial Average also closed at a record high, while the Nasdaq Composite fell slightly. The strong performance was attributed to a resilient economy, optimism about artificial intelligence technology, and expectations for interest rate cuts. The U.S. economy showed positive signs, with revised estimates for gross domestic product growth and increased consumer confidence. The 10-year U.S. Treasury yield decreased, and individual stocks such as Walgreens Boots Alliance and RH experienced gains, while AMC Entertainment and Truth Social faced declines. [Extracted from the article]

Reddit, the social-media platform, is offering its users the opportunity to own shares in its upcoming initial public offering (IPO). This is a unique opportunity for individual investors, as IPO shares are typically reserved for big investors. However, investing in an IPO can be risky, and Reddit has listed small investors as a risk factor in its IPO filing. Some Reddit users are excited about the chance to own a piece of the platform, while others have concerns about potential losses and the volatile nature of individual investors. The IPO market has been spotty in recent years, but 2024 could see a comeback for IPOs. [Extracted from the article]

Stocks in the US fell on Friday, resulting in a second consecutive weekly loss, due to concerns about inflation. The S&P 500 dropped 0.6% for the day, while the Dow Jones Industrial Average shed nearly 200 points, or 0.5%. The Nasdaq Composite also lost 1%. Reports on consumer and producer prices released earlier in the week showed higher inflation than expected, dampening hopes that the Federal Reserve would soon cut interest rates. Bond yields also climbed, with the yield on the 10-year US Treasury note reaching 4.303%. Growth-oriented sectors of the stock market, such as information technology and communication services, were particularly affected. The University of Michigan's monthly measure of US consumer sentiment also came in lower than expected. Investors are now looking to the upcoming Federal Reserve meeting for more clarity on interest rates. [Extracted from the article]

Nvidia's stock has been on a historic run, attracting more investors who believe that the company's success is just beginning. The surge in Nvidia's stock price reflects optimism about the widespread adoption of artificial intelligence and a fear of missing out on the company's valuation, which has surpassed $2 trillion. Nvidia's performance has contributed to the overall gains in the stock market, particularly in the tech sector. Investors have been piling into the options market to capitalize on the AI boom, with Nvidia becoming one of the most popular trades. Despite concerns about a potential crash, some investors remain confident in the long-term potential of AI technology. [Extracted from the article]

The Nasdaq Composite fell for the third consecutive trading session, while the S&P 500 and Dow Jones Industrial Average managed slight gains. Investors were eagerly awaiting the earnings report from chip giant Nvidia, which has seen its shares soar due to the boom in artificial intelligence. Nvidia's quarterly sales tripled from a year ago and beat expectations, causing shares to rise in after-hours trading. Additionally, investors analyzed the recently released minutes from the Federal Reserve's policy meeting, which indicated concerns about cutting interest rates too soon. The market is adjusting to the Fed's stance, as hopes for rate cuts have diminished due to strong economic reports and inflationary pressures. [Extracted from the article]

Nvidia, a graphics-chip maker, has become extremely popular among everyday investors, with its stock up 40% this year and adding $1.4 trillion in market value since 2023. Individual investors have invested $1.2 billion into Nvidia shares this year, surpassing other tech giants like Alphabet, Amazon, Apple, Meta Platforms, Microsoft, and Tesla. Nvidia's success is attributed to its capitalization on the enthusiasm for artificial intelligence technology, and its quarterly earnings report is highly anticipated. However, experts caution that Nvidia's persistent strength is unusual and past performance does not guarantee future success. [Extracted from the article]

Amazon.com will be added to the Dow Jones Industrial Average, replacing Walgreens Boots Alliance. This change was prompted by Walmart's upcoming stock split and reflects the evolving nature of the U.S. economy. Unlike the S&P 500 and Nasdaq Composite, the Dow is weighted by share price, not market capitalization. Amazon's inclusion in the index is a result of its strong performance in the stock market, while Walgreens has struggled in recent years. The Dow's composition is determined by a committee that considers factors such as reputation, sustained growth, and investor interest. [Extracted from the article]

Teenagers in the United States are increasingly investing in the stock market through custodial accounts set up by their parents. Custodial accounts allow minors to invest in stocks and other assets until they reach legal age. The number of custodial accounts for teens has been rising, with brokerages like Charles Schwab, Vanguard, Fidelity, and Robinhood reporting a surge in these accounts. Many teenagers are investing in popular tech stocks like Tesla, Apple, and Amazon, and are using social media platforms like TikTok and YouTube to educate others about investing. The trend of teen investing is part of a broader increase in individual investing since the start of the COVID-19 pandemic. [Extracted from the article]

The S&P 500 and Dow Jones Industrial Average reached new highs, driven by strong performances from megacap tech stocks. The major indexes saw gains for the fourth consecutive week. Meta Platforms, parent company of Facebook, experienced a 20% surge in its stock price after reporting its biggest quarterly sales increase in two years and initiating its first-ever dividend. Additionally, Amazon's stock rose 7.9% after the company reported revenue and profits that exceeded expectations. The bond market was shaken by a stronger-than-expected jobs report, leading to a surge in bond yields. The report revealed an acceleration in hiring and higher-than-expected wage growth, which tempered expectations of an early interest rate cut by the Federal Reserve. Despite concerns about a potential recession, the data suggests that the economy remains on solid footing. [Extracted from the article]

Stocks rebounded on Thursday after a sharp decline the previous day due to a shift in interest-rate expectations. The S&P 500 rose 1.2%, the Dow Jones Industrial Average gained 1%, reaching a new all-time high and marking its eighth record close of the year, and the Nasdaq Composite climbed 1.3%. Federal Reserve Chair Jerome Powell's indication that a rate cut in March was unlikely caused investors to reset their outlooks on interest rates. The drop in yields and rally in bond prices reflect increased concerns about the economy, with some investors worrying about a recession. [Extracted from the article]

Charles Schwab, the largest publicly traded U.S. brokerage, faced a challenging year in 2023 with revenue and profit declines due to higher interest rates. The company's net income dropped 29% and its stock fell 17%. Executives are optimistic about future growth, but describe 2024 as a "transitional" year dependent on factors that are difficult to predict. Schwab also faced challenges with its acquisition of TD Ameritrade, as some customers were unhappy with the platform transition. The company is now preparing to move the last round of TD Ameritrade customers in May and hopes to benefit from their dominance among traders. [Extracted from the article]

The S&P 500 reached a new record high, climbing 1.2% to 4839.81, breaking a streak of over 500 trading sessions without a new record. The Dow Jones Industrial Average also reached a record high, gaining 395 points or 1.1% to close at 37863.80. The rally was driven by technology stocks, particularly semiconductor companies like Nvidia, Advanced Micro Devices, and Broadcom, following an upbeat earnings report from chip maker Taiwan Semiconductor Manufacturing Company. The recent resurgence in chip maker stocks reflects the influence of big tech companies on index performance. [Extracted from the article]

Investors are looking to the upcoming earnings season to gain clarity on companies' growth prospects after a recent pullback in stocks. Analysts expect S&P 500 companies to report a second straight quarter of earnings growth, with profits for the fourth quarter projected to have risen 1.3% from the same period a year earlier. However, this is down from the 8% profit growth analysts had previously projected. Investors will also be closely watching what corporate leaders say about their outlook for the economy, particularly executives at major banks. [Extracted from the article]

Charlie Munger, the influential partner of Warren Buffett at Berkshire Hathaway, passed away, leaving questions about the future of value investing. Munger's value-investing style, which focused on buying quality businesses at fair prices, may face challenges as low interest rates have favored growth stocks over undervalued stocks. Munger himself acknowledged that the traditional hunting grounds for value investors have become more limited, and he advised value investors to get used to making less. Despite these challenges, many investors continue to follow Munger's investing playbook, identifying the fundamental value of businesses and betting big when opportunities arise. [Extracted from the article]

U.S. stock indexes, including the Dow Jones Industrial Average and the Nasdaq Composite, experienced a decline on Wednesday, ending their nine-session winning streaks. The S&P 500 fell 1.5%, marking its largest one-day percentage drop since September. This pause in the rally comes after the Federal Reserve Chair Jerome Powell hinted at potential interest-rate cuts, leading investors to expect faster and deeper cuts. However, Fed officials have attempted to downplay speculation of a rate cut in March. The economy is showing signs of slowing, but not enough to cause a recession, and investors are closely watching inflation data for further clues. [Extracted from the article]

Robinhood, the trading app known for its young, first-time investors, is attracting wealthier customers from larger brokerages. Since offering a 1% match on transferred brokerage accounts, Robinhood has received about $1.1 billion in account transfers. Many of these accounts are larger than the average Robinhood account, with over 150 transfers exceeding $1 million. The customers primarily come from bigger brokerages such as Charles Schwab, Fidelity Investments, and Morgan Stanley's E*Trade. While Robinhood has far fewer assets compared to other brokerages, it is seeking to expand beyond being just a trading app by launching retirement accounts, 24-hour trading, and raising the yield on customer cash. [Extracted from the article]

According to a survey by the Federal Reserve, the percentage of American households that own stocks has reached a record high of 58% in 2022, up from 53% in 2019. This increase is attributed to factors such as the pandemic and the availability of zero-commission trading, which has made investing more accessible. The survey also found that more households are investing in individual shares directly, with a significant increase in direct stock ownership. However, the median value of households' direct stockholdings has decreased. The rise in stock ownership has contributed to an increase in household wealth, with median net worth climbing 37% from 2019 to 2022. [Extracted from the article]

The S&P 500 reached its highest level since January 2022, with the Dow Jones Industrial Average and Nasdaq Composite also experiencing gains. The rise in stocks was fueled by fresh inflation data that suggested the US economy is slowing enough to control inflation without entering a recession. The consumer-price index rose 3.1% in November, in line with economist expectations. The Federal Reserve is expected to maintain its current interest rate policy, and investors will be watching for insights from Fed Chair Jerome Powell's press conference. Treasury Secretary Janet Yellen expressed optimism about achieving a soft landing for the US economy. The S&P 500 has seen a 21% rally in 2023, with gains across all sectors except for energy. Concerns about the concentration of gains in tech stocks have been alleviated by a broader rally. [Extracted from the article]

The article discusses how the recent wars in the Middle East have brought attention to the debate surrounding socially responsible investing. Some investors, like Shiva Chidambaram, have discovered that their retirement funds are invested in military contractors, which goes against their personal values. As a result, they are moving their money into funds that do not invest in weapons makers. However, investing in defense stocks can be profitable, as they tend to rally during times of conflict. The article also mentions that interest in ESG (environmental, social, and corporate governance) investing has waned in recent years, but many individual investors still want their investments to align with their values. Nonprofit organizations like As You Sow provide resources to help investors analyze funds and ETFs for their exposure to arms makers. Overall, the article highlights the diverse perspectives and choices that investors have when it comes to socially responsible investing. [Extracted from the article]

Digital brokerage Robinhood, known for its commission-free stock trading, is expanding its services to the United Kingdom (U.K.). The move comes as Robinhood and other digital brokerages seek to differentiate themselves and generate more revenue in a saturated U.S. market. However, entering the U.K. market poses challenges, as U.K. residents tend to be more risk-averse and focused on saving rather than investing. Robinhood will offer U.K. customers commission-free trading of U.S.-listed stocks and American depositary receipts, with full availability scheduled for early 2024. [Extracted from the article]

U.S. stocks experienced a slight decline on Monday, pausing their November rally. The S&P 500 and the Dow Jones Industrial Average both decreased by 0.2%, while the Nasdaq Composite dropped less than 0.1%. Despite this, all three major U.S. stock indexes are on track for their best monthly performances in over a year. Investors have been optimistic that the Federal Reserve's interest rate increases have slowed the U.S. economy enough to control inflation without causing a recession. Additionally, early indications suggest a strong Black Friday shopping period for retailers, with U.S. retail sales rising 2.5% from last year. [Extracted from the article]

The stock market had a positive week, with the Nasdaq Composite experiencing its best day in over five months, rising 2%. The S&P 500 also increased by 1.6%, and the Dow Jones Industrial Average added 1.2%. The tech sector performed well, with chip stocks rallying after Taiwan Semiconductor Manufacturing reported a jump in sales. However, Federal Reserve Chair Jerome Powell's comments about price pressures and potential interest rate increases caused some uncertainty in the market. The bond market stabilized, and oil prices rose. [Extracted from the article]