The move comes at a key time for Goldman CEO David Solomon, who has endured criticism over a failed consumer banking effort, his DJ hobby and other missteps.
Category: Finance News
Stocks making the biggest moves midday: Beyond Meat, Chegg, PNC Financial, Dish & more
Regional bank stocks were broadly under pressure on Tuesday after Moody’s made changes to the credit rating or outlook for more than two dozen banks.
This toxic mindset can cost you ‘tens of thousands of dollars,’ says psychologist—how to avoid it
Self-worth issues can affect your long-term wealth, says psychologist and podcast host Dr. Adia Gooden. Here is how to avoid those costly mistakes.
Credit card balances jumped in the second quarter and are above $1 trillion for the first time
Credit card debt 30 or more days late rose to 7.2% in the second quarter, up from 6.5% in Q1 and the highest rate since the first quarter of 2012.
Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach
Wells Fargo, a relatively small player on Wall Street, racked up the most fines Tuesday, with a total of $200 million in penalties.
Philadelphia Fed President Patrick Harker suggests interest rate hikes are at an end
A voter this year on the rate-setting FOMC, Harker noted progress in the fight against inflation and confidence in the economy.
Stocks making the biggest moves premarket: UPS, Lucid, Beyond Meat, Novo Nordisk and more
These are the stocks posting the largest moves in premarket trading.
Moody’s cuts ratings of 10 U.S. banks and puts some big names on downgrade watch
Moody’s on Monday cut the credit ratings of a host of small and mid-sized U.S. banks and placed several Wall Street big names on negative review.
Italian bank shares slide after government surprises with windfall tax
Italian banking shares took a beating on Tuesday after Italy’s cabinet surprised with a 40% windfall tax on lenders’ “excess” profits in 2023.
Champagne sales are booming. But its taste could soon change forever — thanks to climate change
Europe’s soaring temperatures and increasingly volatile weather are sparking fears that France’s Champagne region could become unsuitable for its production.