Goldman Sachs (GS) CEO David Solomon said Monday that the prospect of a recession “has increased” amid the uncertainties of a trade war and the new challenges facing CEOs who are unsure about how to plan for the future. Solomon made his comments to analysts after releasing first quarter results showing market trading volatility helped…
By Lananh Nguyen and Manya Saini (Reuters) -Jefferies’ first-quarter profit missed Wall Street estimates on Wednesday as bond trading weakened and stock market deals were stalled due to uncertainty sparked by shifting U.S. trade policy and geopolitical turmoil. The results offer investors an early glimpse at how Wall Street’s investment banking units may fare in…
China has failed to break a deflationary cycle and is now on track for the longest streak of economy-wide price declines since the 1960s, analysts say, exposing a key vulnerability likely masked by a growth upswing at the end of last year. Deflation persisted for the second straight year in 2024, official data due Friday…
Investment bankers in China are struggling to stay relevant after a tough year for deal-making, deep pay cuts, and widening regulatory probes that have sent a chill through the once-vibrant industry. While their peers on Wall Street are looking forward to bigger bonuses for the first time since 2021, Chinese bankers are bracing themselves for…
The vitriol dominating public discourse in the run-up to US presidential elections may be aggravating divisions among Americans, and is also wearing down a key advantage the country has over Chinese leader Xi Jinping: soft power. Generations of young Chinese grew up admiring Disney films and iPhones but the affinity is now fading, according to…
STORY: Wall Street’s main indexes bounced back Wednesday, with the Dow notching its third record closing high in four days. The blue-chip index climbed eight-tenths of a percent, the S&P 500 added about half a percent and the Nasdaq gained nearly three-tenths of a percent. Financial stocks led the way, with Morgan Stanley jumping 6.5%…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: There’s no doubt that Big Tech is in the bull market’s driver’s seat — but it’s got company. Though the major indexes are narrowly in the green this October, they have been boosted…