When Rook Soto lost his law enforcement job in 2010 for health reasons, he had big medical bills and had to take temporary jobs to survive. For a month, he was homeless and lived out of a van. Soto ha...
Tag: Goldman Sachs
Communists Might Be Managing Your Money—And Your Data
HONG KONG, CHINA – 2022/07/18: Pedestrians walk past the British multinational banking and financial … [+] services holding company, HSBC Bank branch in Hong Kong. (Photo by Budrul Chukrut...
Top 100 Public Company Crypto Involvement
August 24, 2022, 9:55AM EDT • 2 min read Quick Take 28 out of the top 100 publicly traded firms ranked by Forbes have at least one crypto/blockchain investment since 2021 SoftBank and Samsung have the...
Goldman Sachs CEO David Solomon Weighs In On The State Of America’s Small Businesses, Markets And More
Goldman Sachs CEO David Solomon in Washington, DC. getty It’s less than a day following Goldman Sachs’ second-quarter earnings where the firm beat Wall Street’s expectations off of strong bond trading...
U.S. Dollar’s ‘Extreme’ Rally Threatens To Tank Stocks And Spark ‘Major’ Market Stress In Coming Weeks
Topline Despite soaring inflation pushing its buying power down domestically, the U.S. dollar has posted a staggering rally this year, and while that’s good news for Americans traveling abroad, ...
Banks Get Burned by Risky Debt, Imperiling Buyout Activity
By Laura Cooper July 3, 2022 9:03 am ET Listen to article (2 minutes) Investment banks are facing big losses on leveraged buyouts they agreed to finance before markets soured, further chilling the out...
Jefferies Just Posted Results. Investment Banks Should be Worried.
Text size Total underwriting revenue at Jefferies was down by 62% as banks face tougher conditions. Amir Hamja/Bloomberg Wall Street just got a taste of what to expect when investment banks post secon...
Goldman Sachs and Wells Fargo Boost Shareholder Payouts
The largest U.S. banks said they would increase payouts to shareholders after the Federal Reserve said the banks are able to keep lending in a severe hypothetical recession. Four of the six biggest ba...
Political Ads Targeting Inflation Ahead Of Midterm Elections Could Force The Fed To Keep Hiking Rates: Goldman Sachs
Topline The Federal Reserve’s “heightened sensitivity” to rising inflation expectations could be triggered by a barrage of political ad campaigns that are expected to highlight surging consumer prices...
Stock Market Could Crash Another 20% If U.S. Plunges Into Recession—These Industries Are Most At Risk
Topline As a growing number of investment banks and company chiefs warn the likelihood of a recession is increasing, analysts at Morgan Stanley are telling clients that the stock market—despite reelin...
How Long Will The Era Of $5.00 Gasoline Last?
Gasoline $5.00 Sign getty A radio host asked me this week how long I thought the era of $5.00 gas at the pump would last. I replied that it would likely last as long as it takes for the price to rise ...
IBM Shed Half Its Stake in Kyndryl. The Rest Will Follow Soon.
Text size IBM disclosed that it swapped half of its stake in Kyndryl, about 22.3 million shares, along with $46 million in cash, to Goldman Sachs. Miguel Medina/AFP via Getty Images IBM has swapped ha...
Man Fatally Shot On NYC Subway Was Goldman Sachs Employee
Topline A 48-year old man fatally shot in the chest aboard a New York City subway train as it approached Canal Street station in Manhattan on Sunday was identified by police as Daniel Enriquez, a Gold...
Goldman Sachs Joins Elwood’s $70 Million Series A Funding Round
Elwood Technologies, a London-based platform providing institutional-grade access to the digital asset markets, today announced that it has raised $70 million in the Series A funding round. Financial ...
Berkshire Hathaway Is Likely to Buy Alleghany. No Rival Bids Emerged.
Text size Alleghany’s noninsurance operations include a toy business and a steel fabricator. Dreamstime It looks like Berkshire Hathaway will succeed in buying the insurer Alleghany for $11.6 bi...
Goldman Sachs Posts $12.93 Billion in Net Revenues during Q1 2022
Goldman Sachs Group, NYSE-listed financial services giant, has recently published its financial results for the first quarter of 2022. For the reported period, the Group’s net revenues reached $12.93 ...
JPMorgan Boosts Credit Reserves As Profits Tank, Jamie Dimon Warns About ‘Significant Challenges Ahead’
Topline Shares of JPMorgan Chase, the biggest U.S. bank by assets, fell on Wednesday after the firm reported earnings which showed profits declined sharply from last year due to market upheaval caused...
Goldman Sachs, JPMorgan, Delta, TSMC, and Other Stocks for Investors to Watch This Week
Text size Uncredited First-quarter earnings season begins this week, kicked off as always by results from several big banks. JPMorgan Chase reports on Wednesday, followed by Wells Fargo , Goldman Sach...
Wall Street Banks Could Lose Billions In Russia—Here’s How Much Exposure They Have
Topline The conflict in Ukraine has caused many of Wall Street’s biggest banks to begin winding down their business in Russia, but they could still face billions of dollars in losses as they reduce ex...
Goldman Sachs Co-Signs Bitcoin & Ethereum For High-Net Worth Clients
Representation of cryptocurrencies are seen in this illustration photo taken in Krakow, Poland on … [+] September 28, 2021. (Photo illustration by Jakub Porzycki/NurPhoto via Getty Images) NurPh...
Goldman Sachs CEO Will Perform At Lollapalooza (Yes, Really)
Topline Goldman Sachs CEO David Solomon—who DJs in his spare time—is among the dozens of musical acts set to perform at Lollapalooza this summer, the festival announced Tuesday, marking the latest big...
Wall Street’s Skittish Attitude Toward Putin Pays Off As Russia Default Looms
Citigroup faces the most exposure to Russian sovereign and corporate debt, recently redefining its … [+] at-risk exposure to Russia from $5.5 billion to $9.8 billion. getty Most of Wall Street h...
Fed To Hike Rates 11 Times By End Of 2023
WASHINGTON – JANUARY 22: The Federal Reserve building is seen January 22, 2008 in Washington, DC. … [+] The Fed cut its benchmark interest rate by three-quarters of a percentage point afte...
Inflation, Interest-Rate Jitters, and Putin Are Brewing a Fierce Storm for the Stock Market
Text size A Ukrainian soldier in the Kharkiv region near the Russian border. Will Putin pull the trigger on an invasion? Sergey Bobok/AFP/Getty Images We were waist deep in the Big Muddy, and the big ...
Alibaba Earnings Are Coming. What to Expect.
A selloff in the technology sector and macroeconomic headwinds in China make Alibaba’s looming earnings report sure to be an interesting one. The Chinese e-commerce giant announced Friday that its fin...
The Transformation of Spanish University Is Being Financed Outside of Spain
L’Auberge Espagnole is a Cedric Klapisch movie from 2002 that is a joy to re-watch every few years. Starring Romain Duris and Audrey Tautou most notably, the excellent film (eventually made into a tri...
Constellation Energy Is a Buy at Goldman Sachs. Here’s Why.
Text size Constellation is one of the largest carbon-free energy generators in the country, relying on a mix of hydro, wind, solar, and nuclear energy. Sean Gallup/Getty Images Shares of Constellation...