Source: Betterment Online wealth advisor Betterment is launching checking and savings accounts. Founder and CEO Jon Stein said having the highest rate is part of a strategy to usher in new customers, and a more obvious way to compare value between banks and other fintech checking account offerings. “It’s really hard for banks to follow
Investing
Traders working on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Danger is lurking in the stock market: A monster sell-off could be around the corner if the Federal Reserve doesn’t deliver the rate cut the market expects next week. That is because the market’s so-called depth has become so
Billionaires Carl Icahn and Warren Buffett. Getty Images (l) | CNBC (r) Activist investor Carl Icahn thinks Occidental Petroleum CEO Vicki Hollub got played by the Oracle of Omaha himself, Warren Buffett, in the company’s effort to buy Anadarko Petroleum. “Buffett figuratively took her to the cleaners,” Icahn said in a letter to shareholders Monday.
Bob Iger, chairman and chief executive officer of The Walt Disney Co. Patrick T. Fallon | Bloomberg | Getty Images Following a record breaking opening weekend for “The Lion King,” CNBC’s Jim Cramer said the Disney’s stock is an insurance play for investors. “Disney is just an annuity stream,” Cramer said on “Squawk on the
Reed Hastings, chief executive officer of Netflix Inc. Akio Kon | Bloomberg | Getty Images Netflix shares are cratering after it posted a rare loss in Domestic subsribers and a much smaller than expected gain in international users when the streaming company reported second-quarter earnings. Or, as Bernstein analyst Todd Juenger put it, “the Q2 curse strikes