By Matthew Gutierrez and Shawn O’Malley
“Talk to Chuck.”
Charles Schwab’s former marketing campaign stands as one of the most effective financial ad campaigns of all time. But those days are over. Schwab’s net income last year fell 29% from a year prior, and the stock has gotten punished.
As one Wall Street Journal headline reads: “Charles Schwab Just Survived a Year From Hell. The Trouble Isn’t Over.”
Bring back Chuck?
— Matthew & Shawn
Here’s today’s rundown:
Today, we'll discuss the three biggest stories in markets:
Alibaba’s resurgence on Jack Ma’s big bet
India’s stock market supplants Hong Kong
Netflix dives into live sports
All this, and more, in just 5 minutes to read.
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POP QUIZ
High-interest rates and home values have deterred even deep-pocketed investment firms from buying homes. By how much did investor purchases of single-family homes decline in 2023? (Read to the end to find out!)
Chart of the Day
