Charles Schwab (SCHW) made a huge splash last September when it slashed expense ratios on several of its exchange-traded funds. They included the Schwab U.S. Broad Market ETF (SCHB), which saw expenses cut from 0.06 percent to 0.04 percent -- or $4 per year for $10,000 invested. That made it the cheapest fund since the invention of the first mutual fund in 1924. With expenses now less than the cost of a small pizza, the fund has doubled in size to $2 billion, and is ever-so-slightly outpacing the S&P 500.
Charles Schwab Corp. , the largest independent brokerage by client assets, increased the size of its planned sale of 10-year senior notes by $100 million to $600 million, according to a person familiar with the transaction.
U.S. health-care companies will rise more than the benchmark index after the Supreme Court decision in favour of President Barack Obama’s overhaul of the industry, amid growing uncertainty over the economy, according to Charles Schwab Corp.