Editorial companion

What stands out

The clip pairs fresh earnings talk about Alphabet and Microsoft with a concrete industry move: Charles Schwab is embedding Anthropic’s Claude into its Schwab Advisor Center for RIAs, taking a step toward advisor-facing AI. The most interesting moment is the Schwab interview, where the company frames this as a product-level shift, not just marketing, that puts a large custody platform directly in the AI delivery chain for independent advisors. That concreteness changes the story from hypothetical AI benefits to a real distribution step.