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Added on the 30/09/2016 23:20:20 - Copyright : Reuters EN
Getty Images Storied Wall Street bank Goldman Sachs has been going through some massive changes under CEO David Solomon. It's taken big steps involving transparency and inclusion to change up its culture. It has seen a slew of partner departures — many in the securities division. And it's making big pushes into businesses like wealth management and transaction banking. The bank announced third-quarter earnings on Wednesday that trounced Wall Street's estimates and showed continued strength through the coronavirus pandemic. The latest on people moves, deals, wealth management Goldman Sachs' Joe Duran is planning to hire dozens of advisors for the firm's wealth business, and says it's getting a boost from companies pushing early retirements and layoffs Goldman Sachs just shook up its divisions to create a new consumer and wealth-management arm that will be run by Stephanie Cohen and Tucker York Read the full memo Goldman Sachs just sent announcing a leadership shakeup in its powerhouse M&A group A majority of Goldman Sachs' summer interns prefer Instagram to TikTok, believe remote work hurts relationships, and think Biden will be elected president in November Goldman Sachs, JPMorgan, and Citi are Wall Street's most active fintech investors.
According to Markets Insider, stocks on Wall Street began the new week with mixed results. On June 3rd, two of the top three markets on the New York Stock Exchange opened the day trading lower. The Nasdaq Composite led losses during morning trading, falling over 120-points by the afternoon. On the day, the Nasdaq is down 1.7-percent, while the S&P 500 shed two-tenths of a percent for 5-points of losses. The Dow Jones Industrial Average added about 20-points during the morning, but the market is about flat on the day.
Tech giant Apple are reportedly close to launching a new foldable iPhone which can double up as a tablet as well.
U.S. stocks slipped on Thursday led by falls in financial shares and following weak Chinese economic data, but a late-day rebound in oil prices limited the day's decline. Roselle Chen reports.
Stocks on Wall Street rose Wednesday led by the energy sector as oil prices rallied and as financials gained on the increasing likelihood of an interest rate hike after strong economic data. Bobbi Rebell reports.
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