The creation of such a massive fund underscores the momentum in the roughly $1.7 trillion industry.
The Schwab Ultra-Short Income fund is the 31st in its ETF lineup.
The suit follows one against LPL. Both firms said in earnings calls last week they weren't changing rates.
“There's no question there are some shifts in consumer behavior," Goldman CEO David Solomon said.
Americans are searching longer for jobs and lower-income households are falling behind on loan payments.
Investors are fully pricing in at least two quarter-point rate reductions this year.
Recent junk-rated issuers include Royal Caribbean Cruises and SeaWorld.
Inflation-adjusted consumer spending rose 0.2%, while May's increase was revised higher.
Demand for municipal bonds is especially high in New York and California given the high income tax levies in both states.
While other firms have raised rates on parked money, the broker-dealer said it doesn't understand the hubbub.
These European tycoons once seduced high-yield investors. But the creditors have fallen out of love.
Wells Fargo, Morgan Stanley and Merrill Lynch have used earnings calls to publicize changes. Is LPL next?
Unlike mitigation, adaptation is about coping with the consequences of a hotter planet.
Investors added about $900 million to funds focused on US state and city debt in the past week.
Fed officials have said in recent weeks they are increasingly confident that inflation is on the right track.
The contrarian economist says Americans have abandoned diversification and are seriously overweighted in equities.
The bank's strategists disagree on how many times the Fed may cut rates this year.
Sophisticated catastrophe models are helping bondholders sidestep large losses from weather-related calamities.
The BlackRock CEO said that without economic growth, rising deficits will become a major burden to future generations.
The muni market tax exemption is viewed as a possible target if funds are needed to pay for more Trump tax cuts.