Goldman Sachs CEO corrects Kamala Harris on exaggerated claim about her economic plan
Democratic presidential candidate Kamala Harris claimed that a Goldman Sachs analysis showed her economic plan was better than President Trump's, but the bank's CEO has corrected that hyperbolic claim. Harris repeated that argument during a debate with former President Donald Trump on Tuesday, as she sought to gain public confidence in the economy. “I guess […]
Goldman Sachs stock down 4%; David Solomon warns of weak trading
Goldman Sachs shares fell 4% after the bank's CEO, David Solomon, warned that the Wall Street giant faces a $400 million loss due to its exit from the credit card business and a recent slump in trading revenue. Shares of the Wall Street giant fell more than $19 to $470 after Solomon told an industry […]
Victor Davis Hanson Rips Goldman Sachs For Propping Up Harris, Says Others Alike Are Pushing To ‘Destroy’ Middle Class
Victor Davis Hanson, a senior fellow at the Hoover Institution, on Tuesday slammed Goldman Sachs for suggesting the economy could be more profitable under Vice President Kamala Harris, arguing that the bank and similar groups are promoting policies that could “ruin” middle-class Americans. Last week, Goldman Sachs economists release He suggested Harris' policies could provide […]
Goldman Sachs still working to exit Apple Card partnership as consumer losses top $6 billion – 9to5Mac
Goldman Sachs is still considering exiting its partnership with Apple as losses continue to mount, a new report details. from The Wall Street JournalGoldman Sachs will lose $400 million this quarter due to a slowdown in its consumer business. Speaking at a conference this week, Goldman Sachs CEO David Solomon said the $400 loss was […]
Goldman Sachs Endorses Kamala Harris’s Globalist Migration Policy
A Kamala Harris candidate would be a win-win for Wall Street investors because she would welcome more low-wage, legal and illegal immigrants from around the world, according to New York investment firm Goldman Sachs. The options are Hospitalized The September 3 report, “Elections and the Economy: Estimating the Impact on Immigration, Trade, and Fiscal Policy,” […]
Goldman Sachs: Trump policies would slow down economy
Goldman Sachs analysts have warned that if former President Trump were elected and able to implement his policies, the economy would perform worse. Goldman analysts predicted that Trump's plans to crack down on immigration and impose new tariffs on Chinese goods would shave half a percentage point off gross domestic product growth in the second […]
Trump and Harris urged to debate small business by Goldman Sachs campaign
Goldman Sachs wants to make small business an issue during the presidential debate between Donald Trump and Kamala Harris on September 10. The bank unveiled the ad campaign Monday in Times Square, just a block from ABC headquarters, where the televised debate will take place. The billboard, organized by the bank's nonprofit advocacy arm, 10,000 […]
Goldman Sachs set to fire more than 1,300 employees: report
David Solomon is sharpening his axe again. The Wall Street Journal reported Friday that Goldman Sachs' CEO will cut more than 1,300 jobs as part of the bank's ongoing review to shed underperforming employees. The Wall Street Journal added, citing people familiar with the matter, that Goldman's cuts would affect 3% to 4% of the […]
Rep. Dan Goldman sputters after being fact-checked on air about Trump debating Harris
Rep. Dan Goldman (D-N.Y.) was surprised during a Fox News interview Monday when host Bret Baier corrected Goldman after he claimed former President Donald Trump didn’t want to debate Vice President Kamala Harris. Harris, who is the leading Democratic candidate following President Joe Biden’s departure from office, has so far only agreed to one debate […]
Goldman Sachs latest to pull out of climate alliance as political pressure mounts
Goldman Sachs’ fund unit is set to withdraw from investor engagement group Climate Action 100+, joining other financial services firms that have quit following a political backlash in the United States. U.S. members of a global coalition focused on climate change have come under pressure and criticism from Republican lawmakers who say they could be […]