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
Donald Trump has often painted a picture of himself as a self-made billionaire, bootstrapping his way to the top. But what if the story's a little more complicated than that? Trump frequently claims his father, Fred Trump, gave him a small loan of $1 million to kickstart his business career. This na
In an alarming declaration, the U.S. Surgeon General has sounded the warning bell on a critical issue that often flies under the radar - parental mental health. With startling statistics revealing that nearly half of parents find their daily stress completely overwhelming, it's clear we can't afford
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
When it comes to the Supreme Court, every gift and association is under scrutiny these days. The latest eyebrow-raiser? Justice Samuel Alito received $900 in concert tickets from German Princess Gloria von Thurn und Taxis—a fellow Catholic who's been known to rub elbows with the rich and famous (an
OSOM, the company trying to resurrect the legacy of the beloved but short-lived Essential Phone, is facing a major crisis. A former employee, Mary Ross, has filed a lawsuit alleging that the company's CEO and founder, Jason Keats, used company funds to indulge in a lavish lifestyle. Ross claims Ke
A recent investigation by the Boston Globe Spotlight Team revealed some eyebrow-raising spending habits from Ralph De La Torre, the CEO of Steward Health Care. The Spotlight Team uncovered a pattern of questionable financial decisions that seem to prioritize personal gain over the well-being of pat
China's economy is facing a crisis unlike any it has seen since opening up more than four decades ago. Over a million restaurants have closed, offices are emptier than during the pandemic, and property sales are down sharply. Duty-free sales in Hainan Island plunged 30% in the first seven months of
Imagine trying to balance your budget, figure out how much paint you need for a room, or even understand why the weather forecast is important. Now, picture struggling with these tasks because you just can’t grasp the math behind them. This is the reality for many Americans. Some experts blame our e
Qualcomm, the San Diego-based mobile chipmaker known for its Snapdragon processors, has been exploring the possibility of acquiring parts of Intel's design business. This move comes as Intel faces financial challenges and looks to streamline operations by potentially divesting some of its assets.
