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 […]
Goldman 'confident' Harris VP choice not swayed by 'antisemitic campaign' against Shapiro
Rep. Daniel Goldman (D-N.Y.) on Wednesday dismissed accusations that Vice President Harris’ choice of Minnesota Governor Tim Walz (D) as her running mate was influenced by the “public anti-Semitic campaign” against Pennsylvania Governor Josh Shapiro (D), another leading contender for the vice presidential nomination. “Governor Walz is an excellent choice to be Kamala Harris’ running […]
Goldman Sachs CEO David Solomon predicts Federal reserve won’t make emergency rate cuts
Goldman Sachs CEO David Solomon said the Federal Reserve will not make an emergency interest rate cut before the central bank’s September meeting, despite Monday’s Wall Street sell-off over growing recession risks. “I don’t think we’ll see anything by September.” Solomon said in an interview on Bloomberg’s “The David Rubenstein Show: Peer-to-Peer Conversations.” Goldman Sachs […]
Goldman boosts recession odds but sees ‘limited’ risk of downturn
Goldman Sachs on Monday raised the chance of a recession over the next 12 months after a daily sell-off in stock markets, but the investment bank sees the risk of a severe downturn as “limited.” The bank raised its one-year recession probability by 10 percentage points to 25 percent, while noting that it expects the […]