Jack Pitcher

JPMorgan Chase's asset-management arm is launching target-date funds that will let 401(k) participants get guaranteed retirement income through annuities, a category that is gaining steam as a record number of Americans retire. JPMorgan joins major asset managers including TIAA, State Street and BlackRock in offering a product that lets savers convert a portion of their retirement nest eggs into guaranteed income for life via an annuity in their target-date fund. Dubbed lifetime income, the fund category is currently the talk of the retirement investing industry, said Steve Rubino, head of retirement at J.P. Morgan Asset Management.

The graphics chipmaker lost nearly $280 billion in market value Tuesday, the most ever by a company in a single session.

Broadcom was the S&P 500's worst performer Friday after the chip maker's revenue guidance fell short of analyst estimates. Broadcom shares tumbled around 10% in late morning trading, their worst post-earnings reaction on record, and are down more than 15% on the week.

Nvidia shares tumbled 5% Friday after competitor Broadcom posted disappointing earnings. As the chip maker's value has skyrocketed, so has its impact on stock indexes. Read more about the stock's growing influence here: How Nvidia Became the Market’s Most Important Stock, in ChartsThe graphics chipmaker lost nearly $280 billion in market value Tuesday, the most ever by a company in a single session.

The asset manager is teaming up with Partners Group to offer wealthy investors a preset portfolio.

The partnership, called the Global AI Infrastructure Investment Partnership, will additionally build out energy infrastructure to create power sources for the facilities, the companies said.

With several $3 trillion companies in a single sector, S&P was forced to change its index-weighting rules.

Charles Schwab shares surged after the brokerage reported better quarterly profit and revenue than expected. Net income grew 25% from a year earlier to $1.4 billion, or 71 cents per share, better than the 69 cents analysts polled by FactSet had expected.

Here are some of the ways that investors are trying to profit from—or hedge against—the outcome of the presidential race.

Hedge funds have closed out more than $10 billion of short positions--or bets that stocks will fall--in the U.S. and Canada so far in October, a signal that they may be positioning for a year-end rally. "Short sellers are actively trimming their exposure as the market rallies, as they have incurred