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Tag: Goldman Sachs Group Inc

Goldman CEO Solomon says ‘no question’ response to coronavirus slow

Goldman CEO Solomon says ‘no question’ response to coronavirus slow

Goldman Sachs CEO David Solomon said that while there is “no question” that the initial U.S. response to the coronavirus pandemic was slow, progress is now being made and a “path forward” from the crisis will emerge in coming weeks. “There’s no question, David, that we were late to this, we were slow to adapt,” […]

The Masters is postponed, Buffett moves shareholder meeting online

The Masters is postponed, Buffett moves shareholder meeting online

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 135,000, according to data compiled by Johns Hopkins University. Global deaths: At least 4,977, according to data compiled by Johns […]

JPMorgan Chase orders up to half NY metro employees to work from home

JPMorgan Chase orders up to half NY metro employees to work from home

People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images JPMorgan Chase on Thursday told managers to implement a plan to have employees based in offices in Manhattan, Brooklyn and Jersey City to start working from home beginning on Friday. “We are asking our managers […]

Citi’s Corbat says ‘this is not a financial crisis’ in Trump meeting

Citi’s Corbat says ‘this is not a financial crisis’ in Trump meeting

Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Citigroup CEO Michael Corbat said Wednesday that the current turmoil caused by the coronavirus isn’t stemming from the financial system.  “This is not a financial crisis,” Corbat said during a White House meeting. “The banks […]

Citigroup traders joins other banks in coronavirus precaution

Citigroup traders joins other banks in coronavirus precaution

A man runs past the New York Stock Exchange (NYSE). Bloomberg Hundreds of Wall Street traders are about to change their commute starting Monday. Citigroup is sending traders and salespeople from its headquarters in downtown Manhattan to a backup facility in Rutherford, New Jersey, next week in contingency plans tied to the coronavirus, according to […]

Dow positive, coronavirus ‘buy’ signal?, record copper losing streak

Dow positive, coronavirus ‘buy’ signal?, record copper losing streak

The Facebook logo is displayed during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images This is a live blog. Check back for updates. 3:05 pm: Dow turns positive as WHO calms coronavirus fears The Dow erased a 200-point drop and turned positive after the World Health […]

Climate crisis investors putting money towards sustainable future

Climate crisis investors putting money towards sustainable future

The dangers of local weather change are already impacting traders, with more and more frequent local weather disasters like wildfires, drought, flooding and heatwaves threatening enterprise operations and properties the world over.   Many traders are actually selecting to funnel their cash into investments that handle local weather change danger, and asset managers are dashing […]

Why companies like Google, Facebook and Uber pay hackers millions

Why companies like Google, Facebook and Uber pay hackers millions

  A brand new kind of hacker is on the rise. Called “moral hackers” or “white hat hackers”, these women and men use their expertise for good by serving to firms defend themselves. They work to search out and report safety vulnerabilities earlier than felony hackers can reap the benefits of the bugs. As it […]

Morgan Stanley Earnings Q4 2019

Morgan Stanley Earnings Q4 2019

James Gorman David A. Grogan | CNBC Morgan Stanley is set to report fourth-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: 99 cents a share, 24% higher than a year earlier, according to Refinitiv Revenue: $9.72 billion, 14% higher than a year earlier Wealth management: $4.39 billion, according to […]

Goldman Sachs dumped its entire stake in Uber late last year

Goldman Sachs dumped its entire stake in Uber late last year

Uber CEO Dara Khosrowshahi Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs sold its entire stake in ride-hailing giant Uber in the fourth quarter, according to a person with direct knowledge of the move. The sale, which likely resulted in a large gain for the early investor in Uber, helped the bank beat […]