Schwab CEO Says AI Will Serve Below $1M Clients

Published on May 14, 2026

Ahead of Schwab's investor day, CEO Rick Wurster also said the firm was on a “multi-year” journey to bolster its workplace offerings, including retirement plan investments.

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The Big Four Recession Indicators: Real Retail Sales

May 14, 2026
Nominal retail sales were up 0.49% month-over-month and up 4.87% year-over-year in April. However, after adjusting for inflation, real retail sales were down 0.15% month-over-month and up 1.05% year-over-year.

Advisor Sentiment Index: Economic Confidence Rises

May 14, 2026
Financial advisors were more confident in both the economy and the stock market last month, reversing a prior drop over concerns about the impact of conflicts in the Middle East.