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  Reuters

  Charles Schwab lays off 5% to 6% of total headcount

  "These were hard but necessary steps to ensure Schwab remains highly competitive," the spokesperson said in an emailed statement. Banking heavyweights including Goldman Sachs and Morgan Stanley have joined the rest of Corporate America in cutting jobs and costs to better position themselves for a murky economic climate. In August, Charles Schwab disclosed plans to save $500 million by cost-saving measures and said at the time it would cut jobs, without disclosing the number of employees it was going to lay off.

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  Bloomberg

  Unpacking Mike Mayo's Take on Morgan Stanley Bonuses

  Bloomberg's Sally Bakewell breaks down the questions raised by Wells Fargo & Co. analyst Mike Mayo about Morgan Stanley's bonus payments to two unsuccessful candidates for the bank's chief executive officer post. She spoke on ``Bloomberg Markets.'' Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en

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  Bloomberg

  Zillow Plunges After Verdict on Real Estate Brokerage Commissions

  (Bloomberg) -- Zillow Group Inc. and other real estate stocks plunged after a Missouri jury struck a fresh blow against the battered industry, finding that the National Association of Realtors colluded to maintain high brokerage commissions. Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Blinken Returning to Israel; Refugee Camp HitReal Estate Industry Takes Fresh Hit With Verdict on CommissionsSaudi Forces on Alert After Clash With Iran-Backed Ho

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  Benzinga

  3 REITs That Recently Announced Dividend Increases After Beating Estimates

  Investors love dividend increases for two reasons. The first is obvious: Dividend increases put more money in their pockets in future quarters. The second is that dividend increases are the company's way of expressing confidence in its ability to continue maintaining or growing earnings going forward. But the icing on the cake for investors is when a company simultaneously announces earnings that beat analyst estimates and a dividend increase. Take a look at three real estate investment trusts (

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  TipRanks

  Nuclear Power Is the Future — and These Stocks Are Leading the Charge

  The world runs on energy; just think about how much of your life depends on the little outlets in the walls. For now, the bulk of our power generation capacity is supported by fossil fuels, mostly coal and natural gas, that are pulled out of the ground. Long-term, however, the social and political pressures on fossil fuels are reducing their use, and will reduce it further. Despite huge subsidies, wind and solar power simply cannot replace the lost capacity, and we will have to find it somewhere

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  Reuters

  Carlsberg CEO: Russia has 'stolen our business'

  COPENHAGEN (Reuters) -Carlsberg has cut all ties with its Russian business and refuses to enter a deal with Russia's government that would make its seizure of the assets look legitimate, the brewer's new CEO said on Tuesday. The Danish group has since last year been trying to sell its Baltika subsidiary in Russia, following in the footsteps of many other Western companies exiting Russia since its invasion of Ukraine. However, after the company announced in June it had found a buyer for its business, Russian President Vladimir Putin the following month ordered the temporary seizure of Carlsberg's stake in the local brewer.

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  Reuters

  MercadoLibre's third-quarter profit soars past expectations

  Latin America's e-commerce behemoth MercadoLibre reported on Wednesday a better-than-expected 178.2% surge in third-quarter net profit, compared with the previous year, after revenue grew across markets, especially in Brazil. "We had another super solid quarter," Andre Chaves, senior vice president of strategy and corporate development, told journalists, highlighting the acceleration of revenue growth in e-commerce and the firm's fintech arm in its major markets. Total net revenue was around $3.8 billion in the quarter ended in September, up 39.8% year-on-year.

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  TipRanks

  J.P. Morgan Sees at Least 60% Gains in These 2 ‘Strong Buy’ Stocks — Here’s Why They Could Soar

  “The world is changing: I feel it in the water, in the earth, and in the air,” wrote Tolkien of the aftermath of the War of the Ring. We’re not living in an epic fiction, but change is definitely in the air. Our world is shifting towards a more chaotic multi-polar geopolitical reality, and economies are making a difficult switch from easy-money policies to more fiscally restrained regimes. For investors, the immediate effect is felt in stubborn inflation, high interest rates, and an uncertain ma