Goldman Sachs promotes 80 people to elite partner rank
Goldman Sachs Group Inc promoted 80 bankers as partners of the storied Wall Street firm, up from 60 people in 2020, the company said in a statement on Wednesday.
European stocks hit six-week high, investors focus on Fed
European stocks rose in early trading on Tuesday, supported by speculation among investors that central banks could come to the end of their rate-hiking cycles.
Goldman plans major overhaul to combine key units – source
Goldman Sachs is planning a major reorganization to combine its biggest businesses into three divisions with its storied investment banking and trading businesses being merged into a single unit, a source familiar with the matter told Reuters.
Futures tick down ahead of big bank earnings, retail sales data
U.S. stock index futures edged lower on Friday as caution kicked in ahead of quarterly results from four of the nation’s biggest banks that could set the tone for the third-quarter earnings season.
Stocks ease as Ukraine attacks and rate outlook spark flight to havens
Global shares dropped on Monday after Russian missiles pounded cities across Ukraine and as renewed concern about the economic outlook sent investors into safe-haven assets such as the dollar and bonds.
BNPL lender Affirm’s shares tumble after gloomy full-year revenue forecast
Shares of Affirm Holdings Inc (AFRM.O) tumble 13% in premarket trading on Friday after the buy-now-pay-later lender’s full-year revenue forecast missed Wall Street estimates, underscoring the broader downturn in the fortunes of the once high-flying fintech sector.
Dollar General lifts sales forecast as inflation-hit Americans drive demand
Dollar General Corp (DG.N) lifted its annual comparable sales forecast on Thursday, encouraged by Americans flocking to discount store chains for everything from groceries to household supplies in the face of higher inflation.
Nasdaq profits top Wall Street views as software services rise
Nasdaq Inc (NDAQ.O) on Wednesday reported quarterly profits that beat Wall Street expectations, as traders turned to the exchange operator’s investment-related products to navigate market volatility, helping drive up revenues.
Bank of America posts drop in quarterly profit as dealmaking slumps
Bank of America Corp (BAC.N) posted a nearly 34% drop in second-quarter profit on Monday, hit by a slump in investment banking revenue as dealmaking activity was at a fraction of last year’s record levels.
Analysis: Why Elon Musk’s fight with Twitter could draw further SEC scrutiny
Twitter Inc’s (TWTR.N) fight with Elon Musk to enforce his $44 billion deal to buy the social media platform could attract scrutiny from the U.S. securities regulator over whether Musk has misled the market during the course of the deal.
