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
The Business Improvement District (BID) plan for downtown St. Cloud has hit another roadblock. Despite a strong showing of support from business owners and a downtown task force's efforts to raise $750,000 in commitments, the plan has failed to gain the necessary 65% approval from impacted property
Apple's latest foray into the medical device business has sparked excitement among health enthusiasts. The tech giant has unveiled new health features for its products, including a clinical-grade, over-the-counter hearing aid feature in its AirPods Pro 2. But is this a game-changer or just a cleve
As B.C. Finance Minister Katrine Conroy touts the province's economic resilience, doubts are being raised by watchdogs and business leaders alike. The good news? The province is attracting private investment and listening to business concerns. The deficit is ballooning, debt-to-GDP ratios are rising
As the world holds its breath for the U.S. presidential debate, Asian markets are reeling from key economic data. In South Korea, unemployment plummeted to a historic low of 2.4%, a feat not seen since 1999. But in Japan, business confidence among manufacturers took a seven-month hit, according
The Solheim Cup is often described as the most fun event in women's golf, but beneath the surface, there's a sense of unfinished business for Team USA. It's been three years since they last won the coveted trophy, and the hunger to redeem themselves is palpable. World No. Nelly Korda and Megan Kh
What if the promise of a 'stunning new development' is just a marketing ploy to drive up property values? What might the real impact be on local residents and businesses? Boston Harbor's waterfront is about to get a facelift, thanks to JAJ Investment Group's $30 million acquisition of 400 Atlantic A
Warhammer 40K Space Marine 2 has already sold two million units, a feat achieved just hours after its release. But is the game's success solely due to its pre-orders, or has it won over fans with its gameplay? The game's developers claim to be 'very proud' of their work, but is it enough to keep pla
The European Union's highest court has delivered a major blow to Apple and Google, ruling against the tech giants in two landmark cases. The decisions, which could lead to billions of euros in penalties, are seen as a significant test of efforts to clamp down on the world's largest technology compa
