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.
Activist investor Starboard takes Salesforce stake
A Salesforce spokesperson told FOX Business that the company is "committed to acting in the best interests of our shareholders" but did not comment on the report of a stake.
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.
Best ETFs for defensive stocks
Experts say there is no one-size-fits-all approach to investing and that there are different factors to consider when building your portfolio, including ETFs.
Harvard's endowment has first year of negative returns since 2016
Harvard University's endowment posted its first year of negative returns since 2016, reporting a 1.8% loss for fiscal year 2022. It had a value of $50.9 billion in June.
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.
Wealthy millennial, Gen Z investors skeptical of traditional stocks, bonds: report
Many high-net-worth millennial and Gen Z investors are skeptical of traditional stocks and bonds, according to a Bank of America report released Tuesday.
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.
ESG investing has damaged credibility of asset managers like BlackRock
ESG investing, including green initiatives, has hurt credibility of asset managers like BlackRock. Investors need better information to decide who to trust.
Buffett's successor buys nearly $70M of Berkshire stock
Greg Abel, vice chair of billionaire Warren Buffet's Berkshire Hathaway, purchased 168 class A shares at prices between $405,800 and $408,514.01 per share, worth almost $70 million
Warren Buffett's Berkshire Hathaway boosts stake in Occidental Petroleum
Berkshire Hathaway, which received regulatory approval in August to buy up to 50% of Occidental's Petroleum's common stock, owns a total of about 194.4 million shares.
Bank of England to buy UK bonds to avert financial risk
The Bank of England has moved to halt a slide in British government bonds that posed a “material risk” after plans to slash taxes spooked investors.
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.
What is ESG? Investing with environmental, social and governance in mind
ESG has become increasingly popular among individual investors and asset managers, but critics point to the ambiguity around the metrics and the potential for fraud.
Biden's new minimum tax could hit Amazon, Berkshire Hathaway the hardest, study shows
The book minimum tax in Democrats' Inflation Reduction Act could hit just 78 companies, with the largest burden borne by online retailer Amazon and Warren Buffett's Berkshire Hathaway.
Market turbulence, inflation, geopolitical uncertainty prompt dip in fintech investment: KPMG
Global fintech investment fell from $111.2 billion in the second half of 2021 to $107.8 billion in the first half of 2022, according to KPMG's Pulse of Fintech report
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.
Jana Partners has nearly 10% stake in Freshpet, sources say
Activist investor has a nearly 10% stake in Freshpet Inc. and plans to push the pet-food company to make changes to boost its stock price and explore a sale.