In the latest comeback attempt for the storied brand, the owners of EF Hutton are launching a new website Wednesday that provides “automated financial services for clients 24/7 and with customized services.” Sounds like a robo?

Watch for the shift. | Copyright Scott Olson, Getty Images Discount brokerages like Charles Schwab and E*Trade can compete with the full-service players on value and price, but a foray into the advice segment will be key, says Morgan Stanley a...

(Bloomberg) -- It’s Friday, and your paycheck is missing a zero. Even if payroll owns up to it, you could be waiting until Wednesday to get your money. Your power company is threatening a penalty for an overdue balance? Don’t...

(Bloomberg) -- Bank of America Corp.’s Merrill Lynch unit was fined $12.5 million to settle allegations that the broker’s weak controls led to multiple orders being sent to markets, resulting in mini-flash crashes...

As a nuclear scientist and professor of physics at Yale, my father used to stand in front of his undergraduate classroom holding a skull-crushingly heavy metal ball attached by a cable to the ceiling of the lecture hall. He’d let it swing...

Nebraska-based Securities America, the independent broker/dealer owned by Ladenburg Thalmann, has acquired Wall Street Financial Group, a small IBD based in Fairport, N.Y. The deal comes on the heels of the firm’s purchase of Foothill...

(Bloomberg) -- The world’s largest asset managers have changed their tune after years spent slamming global regulators for trying to treat them like too-big-to-fail banks...

(Bloomberg) -- Trump's not favorite to win the election. If he wins, his administration might achieve little in its early days. Still, markets are woefully underprepared for the possibility of a Trump presidency, Morgan Stanley writes in...

They believe in unicorns. The mutual fund industry is taking on a bigger role in Silicon Valley—and some venture capitalists aren’t happy about it. Fidelity currently holds stakes in 24 unicorn startups—those with $1 billion or more valuation...

(Bloomberg View) -- The Harvard Management Co., which oversees Harvard University’s endowment and other investments, just released its 2016 annual report. Its grim reading: the fund had a negative return of 2 percent and was worth about...