Goldman Sachs posted earnings on Monday (April 15) that illuminated a continued focus on Wall Street activities, while the firm continues to exit consumer-related banking activities. During the conference call with analysts, CEO David Solomon said that capital markets related activity has been robust as...
Wall Street banks are reporting gaining back some of the share of financing deals they had lost to alternative-asset fund managers, insurers and other private credit. The broadly syndicated loan market dominated by banks refinanced almost $12 billion of debt previously from direct lenders in the first...
The headlines Thursday (Feb. 29) trumpet the fact that inflation rose in January at the rate most people expected — by 3% month on month. The Personal Consumption Expenditures (PCE) price index is parsed by Wall Street and by the Federal Reserve in mulling when,...
For Goldman Sachs, the narrowing of focus continues. And in the latest earnings report, released Tuesday (Jan. 16), the Wall Street firm detailed its progress toward jettisoning some of its credit card operations, selling GreenSky and moving away from its once-lofty Main Street banking ambitions....
February 29, 2024
The headlines Thursday (Feb. 29) trumpet the fact that inflation rose in January at the rate most people expected — by 3% month on month. The Personal Consumption Expenditures (PCE) price index is parsed by Wall Street and by the Federal Reserve in mulling when, and by how much, interest rates might be cut in […]
September 18, 2023
Just a few weeks from now, federal student loan payments resume, ending a moratorium that had been in place since the onset of the pandemic in March of 2020. And...
March 31, 2023
Whether Amazon buys AMC — or not — may be beside the point. The mere fact that the eCommerce giant has been rumored to be mulling buying multiplex real estate...
June 16, 2022
Perhaps the best thing that could be said about this terrible, no good, lousy week is that … it could’ve been worse. The 13.5% slide in the FinTech IPO Tracker...
April 25, 2024
Wall Street investors are reportedly uneasy about Meta’s multi-billion-dollar artificial intelligence (AI) plans. The company’s stock fell 15% in early trading Thursday (April 25), Bloomberg News reported, despite CEO Mark Zuckerberg’s efforts to reassure investors as the tech giant released its quarterly earnings. “For all Meta’s bold AI plans, it can’t afford to take its eye off the nucleus […]
April 10, 2024
Wall Street banks are reporting gaining back some of the share of financing deals they had lost to alternative-asset fund managers, insurers and other private credit. The broadly syndicated loan market...
November 13, 2023
Google parent Alphabet has sold off all of its shares in trading app Robinhood. The tech giant in August had sold about 90% of its stake in Robinhood, and said in a...
November 03, 2023
Apple shares reportedly experienced a decline after the company issued a warning Thursday (Nov. 2) about a lackluster holiday quarter. The stock initially fell more than 3% before trading opened, but...
