Housing, oil reports, 3Q earnings and more: Wednesday's 5 things to know
Health care will be the focus of Wednesday's third-quarter earnings reports as Elevance Health and Abbott Labs are among companies reporting earnings.
Goldman Sachs CEO sees 'good chance' of US recession in 2023
The U.S. economy is likely headed for a recession, according to Goldman Sachs CEO David Solomon, who became the latest bank exec to warn of a looming downturn.
Goldman Sachs to restructure businesses, combining investment banking and trading: report
Goldman Sachs is planning to restructure its biggest businesses into three divisions, which include combining investment banking and trading businesses into one unit.
Apple to offer Goldman Sachs savings accounts to Apple Card holders
Apple will start offering high-yield savings accounts to its credit cardholders in partnership with Goldman Sachs, according to a Thursday press release.
Inflation tops financial worries among retirees: Goldman Sachs
In addition to inflation, surveyed retirees' top concerns were about future health care, potential reductions in future Social Security benefits and running out of money.
Peloton co-founder John Foley faced Goldman Sachs margin calls as stock sank: WSJ
Foley pledged about 3.5 million Peloton shares as collateral as of the end of September 2021, or about 20% of his stake at the time, according to the Wall Street Journal.
World Bank cuts China growth forecast as COVID-19, real-estate crunch take toll
The World Bank expects developing economies in East Asia to grow faster than China, because of it's zero-COVID policies, for the first time since 1990.
Goldman Sachs slashes S&P 500 target by 16% as Fed ramps up inflation fight
The Federal Reserve will continue to rattle markets this year with its rate hike path, according to Goldman Sachs, which sees the S&P ending the year at 3,600 points.
Fed unlikely to cut interest rates until 2024, Goldman Sachs says
Goldman Sachs economists see the Federal Reserve raising interest rates until 2023 to a range of 4.25% to 4.50% and then holding there for a year as they fight inflation.
Goldman Sachs cuts 2023 outlook for US growth
Goldman Sachs is cutting its forecast for U.S. Growth Domestic Product in 2023 to 1.1% from 1.5% as monetary policy tightens.
US housing market downturn to worsen in 2023, Goldman Sachs warns
Housing sector activity will likely slow sharply in coming months, according to Goldman Sachs economists, with price growth eventually falling to zero.
Credit Suisse looking at cutting around 5,000 jobs
Credit Suisse looks to cut jobs after scandals that include failed investments, COVID-19 rules violation by chairmen, and potential dodging of sanctions on Russia.
Goldman Sachs lifts COVID vaccine requirement, others for employees
Wall Street banking giant Goldman Sachs said it is lifting its COVID-19 pandemic office protocols. Employees will be allowed in regardless of vaccination status.
Wall Street firms set Labor Day as benchmark for return to in-office work
After more than two years of work-from-home policies, some Wall Street firms have determined it's time for employees to return to the office after Labor Day.
Goldman Sachs warns stock market may not have hit bottom yet
The stock market relief rally could fade soon as investors confront scorching-hot inflation and continued interest rate hikes from the Federal Reserve.
CFPB is investigating Goldman Sachs’s credit-card practices
Goldman Sachs is under investigation by the CFPB related to its credit card business, one that is expected to bring in over $4 billion in revenue by 2024.
Markets are 'calming down' as inflation shows signs of easing a bit: Goldman Sachs exec
Managing Director and Head of Goldman Sachs Personal Financial Management Joe Duran provided a timeline as to when the United States could expect a recession.
These companies have paused hiring or laid off employees
Here is a FOX Business roundup of the companies that have either laid employees off or halted or slowed hiring.
Goldman Sachs CEO says recession risk high as company plans to slow hiring
Goldman Sachs CEO David Solomon said factors, including high inflation and slower hiring, means the chance of a recession in the coming years is high.
Tuesday's trading: 5 things to know
Second-quarter earning reports for big financial firms were mixed as Goldman Sachs reported a better-than-expected $7.39, or a 2.5% gain