Goldman Sachs CEO: Business community 'understands' what Trump is trying to do with tariffs
Goldman Sachs CEO David Solomon said the business community “understands” that President Trump is trying to do it with taxation on various goods despite wanting “low tariffs everywhere.” Solomon also said in an interview with Fox Business's Maria Bartilomo that Trump is more “engaged” with the business world than his White House predecessor, former President […]
Goldman Sachs’ David Solomon says ‘business community understands’ Trump tariffs
Goldman Sachs CEO David Solomon said the business community “understands” that President Trump is “trying to do with tariffs,” but added that executives “always want lower tariffs.” Solomon's comments on Fox Business Network's Maria Bartiromo on Wednesday came a week after Trump said he wanted “leveling the arena” by imposing taxes on imports. “I think […]
Goldman Sachs highlights tariff wars winners and losers
First Trust Advisors LP Chief Economist Brian Wesbury will discuss whether Trump's tariffs will affect Varney & Co's inflation. president Donald Trump's Newly implemented tariffs and additional tariffs under consideration disrupt trade relations and industries rush to respond to the higher costs brought by import taxes. Trump's tariffs are enforced on products from Canada, Mexico […]
Goldman Sachs set to ax under-performers in latest layoffs
Goldman Sachs CEO David Solomon will hit 3% to 5% of the workforce as part of the Wall Street Giants' annual round layoffs. The layoffs amount to more than 1,395 job cuts from the bank's global workforce of 46,500 at the end of December. When we conducted a similar review in September, it made less […]
Trump wants to ‘level the playing field’ with tariffs: Goldman Sachs CEO
Goldman Sachs CEO David Solomon called Trump's tariffs in Canada and Mexico an effort to “level the playing field,” but said trade policy has sparked careful attention among fellow business leaders. The harsh 25% tariffs on North American neighbours and the 20% collection in China came into effect Tuesday after Trump agreed to a one-month […]
Goldman Sachs rolls out suite of downside protection ETFs as market volatility picks up – CNBC
Goldman Sachs Asset Management has threw its hat into the ring of increasingly popular buffered ETFs, just as the stock market shows signs of vulnerability. On Tuesday, the company announced the launch of Goldman Sachs US Large Cap Buffer 3 ETF (GBXC). This follows two similar funds that have started in recent months. Each fund […]
Goldman Sachs poised to roll back DEI practices: sources
Goldman Sachs plans to reduce some of its diversity, equity and inclusion policies amid the White House-backed crackdown on so-called “awakening” capitalism, the Post learned. A source familiar with the issue said CEO David Solomon will change course amid the threat of a possible litigation after President Donald Trump ordered U.S. Attorney General Pam Bondy […]
Goldman Sachs exec John Waldron gets board seat — a move likely making him bank’s next CEO
Goldman Sachs cemented President and Chief Operating Officer John Waldron as the successor to CEO David Solomon, one month after being given the retention bonus. Waldron, 55, joins Solomon, 63, and holds a seat on the board of directors as the second member of the board of trustees. “It appears that a stiffer succession plan […]
Goldman Sachs Scrapping Policy That Said Company Wouldn’t Take Businesses Public That Had All White, Male Boards
Goldman Sachs Group Inc. is scrapping the pledge it made to reject the initial public offering (IPO) business from companies that have an entirely white board, Bloomberg reported Tuesday. In 2020, major investment banks had enforced a policy requiring businesses to be made public in the US or Western Europe only if they had two […]
Goldman Sachs ends IPO diversity policy as Trump cracks down on DEI
Goldman Sachs cancelled its policy four years ago to bring in only public companies with two diverse board members, a bank spokesman said on Tuesday that he was social policy from President Trump. He said in the latest moves by companies that are hoping for greater scrutiny on the issue. “As a result of the […]