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Tthe Robinhood logo is displayed on a smartphone screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Retail brokerage firm Robinhood is launching a new tool for more sophisticated traders as it looks for additional avenues for growth. The firm introduced Robinhood Legend, a desktop-based platform for active traders. The offering includes advanced

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Momo Productions | Digitalvision | Getty Images While many investors have flocked to exchange-traded funds, they haven't gained much ground with 401(k) plan participants. Exchange-traded funds, or ETFs, debuted in the early 1990s and have since captured about $10 trillion. Mutual funds hold about $20 trillion, but ETFs have chipped away at their dominance: ETFs

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Morgan Stanley on Wednesday topped analysts' estimates for third-quarter profit as each of its three main divisions generated more revenue than expected. Here's what the company reported: Earnings:$1.88 a share vs $1.58 LSEG estimate Revenue: $15.38 billion vs. $14.41 billion estimate The bank said profit rose 32% to $3.2 billion, or $1.88 per share, and

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Mixetto | E+ | Getty Images The U.S. retirement system doesn't get high marks relative to other nations. In fact, the U.S. got a C+ grade and ranked No. 29 out of 48 global pension systems in 2024, according to the annual Mercer CFA Institute Global Pension Index, released Tuesday. It analyzed both public and