Charlie Turner
speaker
4,985 appearances
165 recordings
1 series
first heard Jul 2017
last heard Aug 2021
Charlie Turner’s voice in public audio — every appearance, attributed to the second.
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Appearances
More than 40 million Americans owe money for student loans, and missing even one payment can have a big impact.
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The Wall Street Journal's J.R.
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Whalen talks with contributor Cheryl Winokur Monk about the penalties that some federal and private lenders may levy.
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First, here are some top money and market stories.
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The Wall Street Journal says Charles Schwab's zero-commission gamble is paying off.
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On October 1st, the San Francisco-based online brokerage said it was slashing commissions on online stock trades to zero, an announcement that rattled the e-broker industry and triggered a nearly 10% one-day drop in Schwab stock.
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Since then, shares of Charles Schwab have recovered nearly all their losses and are now just below where the stock price was on September 30th, the day before the announcement.
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Schwab's rivals have also recovered, but not as strongly.
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Both E-Trade and TD Ameritrade also cut commissions to zero in the wake of Schwab's move.
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The relative strength of Schwab reflects differences in its business model.
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As the largest of the three big publicly traded e-brokers, Schwab is the least dependent on trading commissions, deriving more of its revenue from banking.
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Americans are still fairly optimistic about their own job situations and financial health, but they're more worried about the economy than they were last year, according to a consumer sentiment survey.
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The University of Michigan's Index of Consumer Sentiment was revised down to 95.5 in October from an initial reading of 96.
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That's nearly identical to the 2019 monthly average, but well below the post-recession peak of 101.4 set in early 2018.
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The survey found that fewer Americans expressed anxiety about the festering trade dispute with China in October than they did in September, when President Trump upped the ante with a vow to raise tariffs again.
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Trade tensions eased in October, however, after the U.S.
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and China resumed negotiations.
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Here's your money briefing.
I'm Charlie Turner at The Wall Street Journal in New York.
Google is banning payday loan apps from its App Store.
Showing 1381–1400 of 4,985 · page 70 of 250
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