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Waddell & Reed Financial, Inc. Class A News

Waddell & Reed Soars on Accord for $1.7 Billion Sale to Macquarie

Waddell & Reed shares leaped after the financial-services company agreed to be acquired by Australia's Macquarie Group for $1.7 billion.

Covid-19's Deadliest Day, Snowflake, Splunk, Jobless Claims - 5 Things You Must Know Thursday

A Wall Street rally fueled by vaccine breakthroughs is tempered by the deadliest day in the U.S. from Covid-19; Snowflake issues a soft product sales forecast; Splunk sinks after reporting a wider-than-expected third-quarter loss.

Legg Mason Withdrawals Quicken in Latest Sign of Mutual-Fund Woes

The mutual-fund industry can't seem to keep investors from shifting their money into low-cost exchange-traded funds and index-matching funds.

Morgan Stanley Just Found 37 Challenged Stocks That Still Have No Hope

When it comes to equities investing, recurrent patterns can be of enormous importance. But for these several dozen picks, the risk/reward issues are beyond just cyclical changes.

BlackRock Gets Record ETF Inflows as Investors Sour on Stock Pickers

Larry Fink's BlackRock is getting all the love from investors amid dismay over the high fees and recent underperformance of rivals who specialize in active stock-picking.

Breaking News

Donald Trump Media SPAC Digital World Acquisition Gets Subpoenas Linked To Grand Jury Probe

"These subpoenas ... could materially delay, materially impede, or prevent" DWAC's planned merger with Trump Media & Technology Group.

Birth Control Stocks May Benefit From the Reversal of Roe v. Wade

The historic Supreme Court decision may force women to make different choices.

Barstool's Portnoy Takes a Surprising Stand on a Key Political Issue

The outspoken Republican with a platform voices his opinion on the state of democracy moving to the right.

McDonald's Brings Back a Classic Menu Item (with a Catch)

You never know what the fast-food chain might bring back or create a new version of.