President Financial News

Even on Wall Street, there’s such a thing as too much of a good thing. And that goes double when it comes to stock ownership across a client’s portfolio.

By Mayela Armas, Matt Spetalnick and Marianna Parraga

By Trevor Hunnicutt, Jarrett Renshaw and Humeyra Pamuk

By Patricia Zengerle

By David Brunnstrom and Michael Martina

A firm that had overseen $265 million in assets at Cadaret Grant & Co. has affiliated with LPL Financial and will use LPL’s broker-dealer, RIA and custodial platforms, the firm announced Monday.

WARNING — GRAPHIC FOOTAGE: The Punaro Group CEO Gen. Arnold Punaro (ret.) discusses the attacks on Israel from Hamas and reacts to the White House being grilled over refreezing the $6 billion from the Iran prisoner swap deal.

TIRANA (Reuters) — The European Union wants to bring six Western Balkan countries closer to membership of the bloc but wants them first to implement reform and create their own single market, European Commission President Ursula von der Leyen said on Monday.

By Alexandra Valencia

Iran on Monday said time was running short to reach a political solution in the Israel-Gaza conflict, warning of the «possibility of expanding the scope of war and conflict to other fronts». Israel declared war on the Palestinian Islamist group Hamas a day after waves of its fighters broke through Gaza's heavily militarised border with Israel on October 7 and shot, stabbed and burned to death over 1,400 people, most of them civilians. Israel has responded by pummelling the Gaza Strip with non-stop air and artillery strikes that have flattened neighbourhoods and killed at least 2,750 people in Gaza, mostly civilians. Iran celebrated the Hamas assault but insisted it was not involved. Iranian President Ebrahim Raisi on Monday held phone calls with his Russian and Turkish counterparts, during which he «warned against the continuation of crimes by the Zionist regime», the president's political deputy, Mohammad Jamshidi, said on X, formerly Twitter. During his phone call with Russian President Vladimir Putin, Raisi warned of a «possibility of expanding the scope of war and conflict to other fronts». «If this happens, it will be more difficult to control the situation,» Raisi said, according to state news agency IRNA. Iran's Foreign Minister Hossein Amir-Abdollahian meanwhile «stressed that time is running out for political solutions» to the conflict, according to a post on X. He added that he told his counterparts in Malaysia, Pakistan and Tunisia that the «probable spread of war to other fronts is approaching an inevitable stage». His remarks come as Israel readies for a land invasion into the long-blockaded Gaza Strip, where fears for Palestinians trapped in the heavily-bombarded enclave have grown since Israel

By Ankika Biswas and Shashwat Chauhan

By Philip Blenkinsop

A team of six has moved to the RBC Wealth Management branch in Philadelphia having managed $450 million in client assets at Morgan Stanley.

Florine Mark, a Michigan business icon and former owner of Weight Watchers franchises in Michigan and Ontario, Canada, has died

Daniel Noboa has managed to do what his father failed at five times: Getting elected as Ecuador’s president

An inexperienced politician and an heir to a fortune built on the banana trade has won Ecuador’s presidential runoff election

After two years co-piloting the biggest acquisition in video game history past an onslaught of challenges, Xbox CEO Phil Spencer now moves on to his next quest: making Microsoft’s takeover of Activision Blizzard worth the hassle

Environmentalists are poised to return to court in an ongoing legal battle with the Biden administration over a Nevada lithium mine

President Joe Biden has postponed a trip to Colorado to stay in Washington and focus on the growing conflict in the Middle East

Fran Drescher said Thursday that she is baffled and disappointed that Hollywood studios abruptly broke off talks this week with the Screen Actors Guild-American Federation of Television and Radio Artists

The Owino Market in Uganda's capital has long been a go-to enclave for rich and poor people alike looking for affordable but quality-made used clothes, underscoring perceptions that Western fashion is superior to what is made at home