Goldman Sachs is warning of a $400M writeoff, but is it a wake-up call for the bank or just a speed bump? The storied investment bank is expecting a 10% decline in trading revenue due to tough fixed-income conditions and year-over-year comparisons. But what's behind this unexpected hit? Was it a has
Goldman Sachs is set to take a $400 million pre-tax hit in the third quarter due to the unwinding of its General Motors credit card platform and the sale of real estate loans. The bank is in talks to hand over its GM credit card business to Barclays, a deal that would see the transfer of roughly $2
In a recent conference, Hasbro's CEO Chris Cocks expressed confidence in the company's digital business, claiming it has a 10-year lead over competitors. But what does this mean for the future of play? Can Hasbro's digital dominance be sustained, or is it just a fleeting fad? Hasbro's digital bus
On the surface, Target's recent shopping cart redesign seems like a harmless attempt to make family shopping trips more enjoyable. Social media influencer and mom Ashley Darling took to TikTok to express her outrage at the new design, claiming it fails to account for the needs of mothers and childr
IFA 2024 threw us a curveball: tech at its absolute extremes. We saw gadgets designed for pure aesthetic bliss, gleaming and delicate, often sacrificing ruggedness for a sleek look. On the other side, we encountered tech built for the apocalypse, practically indestructible but, let's face it, not
Boston's beloved restaurants are struggling. This summer, typically a slower period anyway, was especially tough. Diners are spending less, coming out less often, and industry experts are asking: is this just a summer blip, or a sign of deeper trouble? We hear from restaurant owners about rising c
Goldman Sachs is bracing for a hefty $400 million pretax loss in its third-quarter earnings, a direct result of its struggle to establish a foothold in the consumer market. CEO David Solomon admitted this financial blow at a recent conference, attributing it to the bank's decision to offload its ill
China's property market has been a rollercoaster ride over the past year, leaving investors and consumers alike feeling queasy. Standard Chartered CEO Bill Winters recently warned that the market 'has not yet completely bottomed out,' despite all the turmoil. Consumer confidence remains shaky, larg
Is renting everything really the new normal? A recent survey by Intuit Credit Karma suggests it might be, with 28% of adults routinely renting goods and services, and a whopping 47% when it comes to housing. But is this shift driven solely by affordability, or is there more to the story? The survey
The Sphere, a dazzling new entertainment venue in Las Vegas, has been making waves since its opening. But is this innovative space truly a game-changer, or are there cracks in its seemingly perfect facade? Analysts at Benchmark are raising some serious red flags, downgrading Sphere Entertainment C
