Goldman profit tops estimates as dealmaking cushions hit from GreenSky, real estate
The Wall Street giant's net profit slumped 33% to $2.06 billion, or $5.47 per share, it said on Tuesday. Analysts on average had expected a profit of $5.31 per share.
More than 200 venture capital firms sign public statement in support of Israel
The venture capital community has issued a public statement in support of Israel after the country was attacked by terrorists, and more than 200 firms have signed it so far.
Bitcoin nearly 1-year after FTX's collapse
Before FTX's collapse, and in the weeks following, Bitcoin prices saw extreme volatility to the downside but have since clawed their way back due to a number of factors unrelated to the bankruptcy.
Author dishes on FTX founder's payments to Tom Brady, Steph Curry
Author Michael Lewis revealed how much Tom Brady and Steph Curry were paid by FTX founder Sam Bankman-Fried.
AI to transform business workflows and productivity, Goldman Sachs CIO says
Goldman Sachs CIO Marco Argenti told FOX Business that companies are already expecting real gains and results from AI in terms of boosting productivity and transforming workflows.
Chicago Board Options Exchange CEO resigns after failing to disclose personal relationships with colleagues
CBOE Global Markets CEO Edward Tilly has stepped down after failing to disclose having personal relationships with colleagues, the company announced Tuesday.
Elon Musk was dethroned by Peter Thiel in a coup led by the ‘PayPal Mafia’
Elon Musk biographer Walter Isaacson's new book about the billionaire details his ouster as PayPal CEO by a group known as the "PayPal Mafia" who replaced him with Peter Thiel.
Berkshire Hathaway sheds over 5 million shares from HP Inc stake
Berkshire Hathaway recently pared its stake in HP Inc. by several million shares, a SEC filing showed Wednesday. Its holdings of HP Inc now stand at 115.45 million shares.
Bill Gates' foundation trust bets big on Bud Light comeback
Microsoft co-founder Bill Gates' foundation trust recently bought 1.7 million shares of Bud Light parent company Anheuser-Busch as the company struggles amid controversy.
Student loan repayments will be starting again soon: Here's how to get it done
Student loan repayments begin again soon. Here are tips on how to get it done using organizational skills, spending strategies and payback implementation, according to money pros.
Stocks in September may be dicey
For stocks, September is historically one of the worst months on record, followed by an equally rough October. This year, the crosscurrents are a little different for investors.
China's surprise tax breaks offer short-term boost but won't be solution to economic woes: expert
China's flurry of moves to stimulate its economy have provided a small boost, but those policies are unlikely sustainable and will not result in long-term growth.
AI-powered investment platform becomes first non-human financial advisor regulated by SEC
Artificial intelligence-powered investing tool PortfolioPilot is now approved by the Securities and Exchange Commission for regulation as a financial advisor.
Vanguard joins BlackRock in rejecting more ESG proposals from shareholders
Mutual fund giant Vanguard reported Monday it has rejected 98% of the environmental and social proposals brought by shareholders this year, joining BlackRock in cutting ESG.
US SEC votes on overhaul for $20T private fund industry
The SEC's five-member panel will vote on the changes, proposed last year, aimed at increasing transparency, fairness and accountability in the $20.4 trillion private funds industry.
Money market funds hit record as investors jump at 5% returns
The Fed's interest rate hikes have driven money market fund yields to their highest level in decades with balances at a record high as investors look to beat inflation.
Raising financial awareness: Americans still not saving enough
Tammy Trenta, the founder and CEO of asset management firm Family Financial, looks at ways Americans can improve their financial awareness.
Warren Buffett's favorite homebuilder: D.R. Horton
Warren Buffett’s Berkshire Hathaway now owns roughly 5.7 million shares of D.R. Horton, the largest homebuilder in the U.S., despite headwinds threatening the industry including rising mortgage rates.
Home prices will rise in 2023 as affordability crisis worsens, Goldman says
Goldman Sachs strategists said in an analyst note this week that they no longer think home prices will tumble this year, and will instead increase by 1.8%.
Warren Buffett investing money in three US homebuilding companies
Berkshire Hathaway is putting investment dollars into three homebuilding companies despite the industry’s sluggish recovery since the pandemic, according to filing with SEC.