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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 […]

Sony says it won’t submit bid for Paramount

The president of Japanese PlayStation maker Sony said it would not make a new bid for Paramount Global, saying it “does not fit our strategy.” Sony’s chief operating officer and chief financial officer, Hiroki Toki, told investors during an earnings call on Wednesday that the company would not make a new proposal for the entertainment […]

Tony Ferguson says he won’t stop despite 8th-straight loss

Former UFC interim lightweight champion Tony Ferguson says he has no plans to quit competing and is feeling better than ever despite suffering eight straight losses. Following his loss in Abu Dhabi on Aug. 3, Ferguson ended the longest losing streak in UFC history, a record previously held by a former two-division champion. BJ PenA […]

Lottery winner won’t give brother serious money as family is torn apart by it

A woman who posted on Reddit about a personal dilemma involving winning the lottery and a financially struggling brother was deemed “not wrong” by the majority of other users on the social media platform, who agreed with her realistic and thoughtful take on the issue. The post garnered 3,600 reactions and nearly 1,500 comments in […]

‘We won’t ignore the issue of homelessness’

Atlantic City has launched a major campaign to tackle its homeless problem across the board, which officials said includes passing a law banning sleeping in public places. After the Supreme Court ruled that local governments could ban homeless camps, Mayor Marty Small said he would introduce legislation in the coming weeks to do just that […]