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Schwab Will Use AI To Serve Less-Affluent Customers

Charles Schwab Corp. is planning to use artificial intelligence to extend benefits usually reserved for wealthy clients to the less affluent. CEO Rick Wurster said AI will be a "real accelerant" for the 55-year-old firm. He spoke with Carlyle Group Co-Founder and Co-Chairman David Rubenstein for an upcoming episode of Bloomberg Wealth. This interview was recorded May 1 in New York.

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Bloomberg

The Iran War is a 'War of Choice' Says Rep. Stanton

Democratic Representative Greg Stanton joined Balance of Power to discuss the upcoming trip to China and the Iran War. He also said President Trump arrival in the China with the US in a weakened position to seek Beijing's help in pressuring Iran to resolve the war. Trump is expecting economic deals and a "wild" welcome this week in China. In reality, he'll arrive facing an emboldened Xi Jinping, just as his own hand is constrained by the conflict in Iran.

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Bloomberg

A-Star: Small Bets Still Crucial for VC-Style Returns

A-Star co-founder and General Partner Bennett Siegel says the firm is able to make outsized returns because of its commitment to writing smaller checks to a limited group of early-stage startups. A-Star raised $450 million, which may be dwarfed by the latest fund from larger competitors, but Siegel says his firm is sticking to its strategy. He speaks to Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

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