Search results for Rick Wurster
AI & Enterprise
Tech Insight: Why Charles Schwab CEO is skeptical about AI agents trading stocks
Charles Schwab CEO Rick Wurster voiced caution about the boom in AI agent investing, saying most clients will still want services combining people and technology. He cited a customer who chats with ChatGPT all day but calls a Schwab adviser for major money decisions. Wurster said mass cash moves driven by agents are very unlikely and noted Schwab blocks external agents from logging in.
Crypto
Charles Schwab expands direct bitcoin and ether trading to all eligible U.S. retail clients, fee 0.75 percent
U.S. brokerage Charles Schwab has expanded its direct trading service for bitcoin and ether to all retail clients who meet U.S. eligibility requirements. Schwab opened Schwab Crypto spot trading for the two tokens to its full customer base after offering it to some clients in May. The brokerage charges a 0.75 percent fee per trade, with order sizes from $1 to $2 million, and the service is unavailable to clients outside the United States.
Crypto
Six in 10 U.S. crypto investors plan to buy more within a year, survey shows
Six in 10 U.S. cryptocurrency investors plan to increase their holdings over the next 12 months, a Charles Schwab survey showed. Crypto ranked highest among major asset classes for intent to add exposure, ahead of ETFs, stocks, bonds and mutual funds. Schwab’s digital assets head said existing crypto investors are increasing allocations, with younger investors leading momentum. The survey found 1 in 5 Americans own crypto, and another 1 in 5 are interested in buying.
