Ford matches GM in one crucial way, and the stock jumps

Wealth Enhancement, an acquisitive Minneapolis-based registered investment advisor overseeing $158.2 billion in client assets, has brought on the investment advisory business of Raleigh, N.C.-area WealthShield Partners and its affiliated wealth management practice, Madison Oaks Wealth Partners, which together managed more than $993 million in assets. WealthShield Partners is led by Managing Partner Robert Leggett, while…

President Donald Trump says Trump Accounts could hoist children out of poverty and give more Americans the chance to benefit from investments in the stock market. But some parents say they’re still waiting for the money to arrive. Trump on Wednesday plans to speak at a Georgia high school to promote the investment accounts, which offer $1,000…

Dive Brief: General Motors’ efforts to restructure its electric vehicle segment are nearing their close, with the company recording $2.3 billion in incremental charges related to the strategic initiative for its second quarter ended June 30, according to its earnings results released Tuesday.   The incremental charges include $900 million in “supplier-related cash charges” and…

Bank of America Merrill Lynch will allow advisor trainees in the firm’s development program to join existing advisor teams sooner, one of a series of enhancements Merrill is making to its trainee program. According to Head of Client Service John Towey (who heads the trainee program), the four adjustments were based on feedback from trainees,…

Shopify CEO Tobias Lütke, whose company commands a market capitalization near $154 billion, told his social media followers this week that a tax-tiered voting system—one that would strip voting rights from anyone who pays no income tax—would be a “good system.” That two-word endorsement, dropped into a viral thread, has reignited a debate over wealth,…

Dive Brief: Finance professionals placed eighth among the top 15 occupations in job search site Monster’s 2026 workplace experience rankings – indicating the profession is among the top fields in employment satisfaction. The profession earned a composite score of 3.69, scoring consistently positive marks across workplace culture, diversity, equity, and inclusion), management quality, senior leadership,…