#GOLDMANSACHSGROUPINC News
Breakthrough On Debt Deal Would Raise Limit, Cap Spending For Two Years
zerohedge.com Breakthrough On Debt Deal Would Raise Limit, Cap Spending For Two Years - But Will Freedom Caucus Accept? With the X-date for potential US default now estimated at June 5,…
China Warnings Flash Across Global Markets as Growth Disappoints
yahoo.com China’s muted economic rebound, and Beijing’s reluctance to deploy large-scale stimulus, are reverberating around the globe, crushing commodity prices and weakening equity…
EF Hutton, bank behind Trump's SPAC deal, rules over IPO drought
reuters.com EF Hutton, the small investment bank that arranged a deal for the stock market listing of Donald Trump's social media venture, is dominating initial public offering (IPO)…
House Republicans mock Janet Yellen's 'Ouija board' on the X-date and 'manufactured crisis' of America defaulting for the first time in history
fortune.com House Republicans aren’t buying Treasury Secretary Janet Yellen’s warning that the US government will run out of money as soon as June 1, or her dire predictions of default,…
Citi Says Buyers Plow $21 Billion Into US Stocks
yahoo.com Investors are boosting their bullish bets on US equities, making positioning increasingly “one-sided,” according to Citigroup Inc. strategists. • None China’s $23 Trillion…
Bill Gates says top AI agent will replace search, shopping sites
reuters.com SAN FRANCISCO, May 22 (Reuters) - Bill Gates, Microsoft Corp's (MSFT.O) co-founder, on Monday said the technology race to win is the development of the top artificially…
Bill Gates says the best AI agent will replace search and shopping websites
foxbusiness.com Bill Gates, Microsoft Corp's co-founder, on Monday said the technology race to win is the development of the top artificially intelligent agent, poised to disrupt…
Traders Brace for Volatility With US Debt Deal Still Elusive
yahoo.com Investors are girding for spikes in currency volatility and losses in equities as the US struggles to clinch a debt-limit deal. • None China’s $23 Trillion Local Debt Mess…
Investors Seek Shelter in Emerging Markets as Recession Risk Hits US
yahoo.com Investors are planning to ramp up bets in emerging markets, according to the latest Markets Live Pulse survey — a sign the asset class is becoming a favorite for those wary…
Morgan Stanley CEO succession underscores Wall Street's diversity gap
reuters.com The absence of women from the slate of potential Morgan Stanley (MS.N) CEO successors underscores the importance of cultivating and keeping diverse talent, corporate…
US Exposure Is Next Headache for Europe Inc. as Dollar Slides
yahoo.com US Exposure Is Next Headache for Europe Inc. as Dollar Slides (Bloomberg) -- Behind the facade of Europe’s forecast-beating company earnings, cracks are appearing as…
Hedge Funds’ Ultra-Bearish Oil Bets Signal US Recession Angst
yahoo.com Money managers that trade derivatives linked to oil and fuel prices are about as bearish as they’ve been in more than a decade, suggesting they’re braced for a recession…
Stock Market Keeps Rallying, Defying Doom Scenarios
yahoo.com A recession will torpedo stocks. Or banking turmoil. Or a government default, or falling earnings, or a too-aggressive Federal Reserve. • None McCarthy Puts Debt-Limit Talks…
Morgan Stanley CEO Gorman to hand reins to successor within a year
reuters.com CEO James Gorman plans to step down within a year but stay on as executive chairman, drawing to a close 13 years in the role during which he built the Wall Street firm into…
Stocks Edge Higher on US Debt Talks; Dollar Slips: Markets Wrap
yahoo.com Stocks rose on speculation that Washington leaders are nearing a deal to raise the debt ceiling and avoid a default. Traders are also waiting for any signals on the…
S&P 500 Hits Nine-Month High on Debt-Deal Signals: Markets Wrap
yahoo.com Stocks climbed on signals that American lawmakers are making progress on debt-ceiling talks and will be able to avert a first-ever default. Treasury yields rose on…
Alibaba Breakup Begins With Spinoff of $12 Billion Cloud Arm
yahoo.com Alibaba Group Holding Ltd. will explore initial public offerings for its logistics and grocery arms while hiving off its $12 billion cloud business, kicking off the first…
Wall Street's Biggest Banks Face a Harsh Reality Check in China
yahoo.com More than three years after China’s grand financial opening, it’s becoming clear to Wall Street giants that their dreams of windfall profits from the $60 trillion market are…
JPMorgan Asset Says Markets Are Right to Bet Fed Cuts Are Coming
yahoo.com A US recession is a virtual certainty and the Federal Reserve may lower interest rates by the third quarter as growth loses momentum, according to JPMorgan Asset Management.…
BlackRock to call staff back to office at least four days a week
reuters.com , the world's largest asset manager, has asked its staff to return to office at least four days a week, according to an internal memo seen . "We will shift to at least four…
Pfizer Sells $31 Billion of Bonds in Fourth-Largest Deal Ever
yahoo.com Pfizer Inc. sold $31 billion of debt in the fourth-largest US bond sale ever, according to a person with knowledge of the matter. • None A 32-Year-Old Nears Billionaire…
Goldman Sachs' Solomon, Pfizer's Bourla, More CEOs Implore Biden, McCarthy To Avoid Disastrous Default
benzinga.com More than 140 top executives of American corporations issued a letter urging the government to reach a solution to promptly lift the debt ceiling and avert the disastrous…
Wall Street firms say the debt ceiling showdown is already doing major damage and warn that politicians need to reach a deal
fortune.com Up and down Wall Street, teams are huddling inside banks and gauging the risks to themselves, their clients and markets if US lawmakers fail to raise the debt ceiling. Their…
Bridgewater dumps bank stocks amid turmoil in first quarter -filings
reuters.com [1/3] Ray Dalio, Bridgewater's Co-Chairman and Co-Chief Investment Officer speaks during the Skybridge Capital SALT New York 2021 conference in New York City, U.S.,…
Renaissance, Adage Capital bet on First Republic in Q1 before its collapse
reuters.com Billionaire investor Jim Simons' Renaissance Technologies LLC was among the prominent funds that took positions in embattled regional bank First Republic Bank (FRCB.PK)…
The Ratings Game: Big banks performed well in first quarter despite ‘gut-wrenching volatility’: analyst
marketwatch.com JPMorgan Chase & Co. and Goldman Sachs Group Inc. earned the highest praise from KBW analyst David Konrad for their first-quarter profits, according to a research note.…
Turkey’s Markets Drop as Bets for Erdogan Exit Unravel
yahoo.com Turkey’s markets slumped as the nation appears headed for a runoff election, surprising investors who were betting for an end to President Recep Tayyip Erdogan’s two-decade…