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
This week's inflation report is set to be a market-mover, especially after last week's less-than-stellar job report. Could it spark a chain reaction, hurting the tech sector, particularly in semiconductors? The Fed is walking a tightrope. Inflation is slowing, and the labor market is softening, put
Donald Trump's foray into the social media world has been anything but smooth sailing. After his personal fortune in Trump Media & Technology Group (TMTG) soared to over $6 billion when shares made their public debut, it has now taken a nosedive, falling more than 70% from its peak and reducing Tru
Wall Street had a rollercoaster Thursday, with tech stocks soaring while data on the job market painted a more mixed picture. The Nasdaq, home to giants like Tesla and Nvidia, saw a healthy boost, pushing higher by nearly 0.5%. But the broader S&P 500 and the blue-chip Dow Jones Industrial Average
The once-revered 'Magnificent Seven' tech stocks might be losing their luster among big-time investors, potentially foreshadowing trouble for the bull market that has heavily depended on these tech titans. According to Goldman Sachs' examination of recent quarter-end securities filings, both hedge
In the midst of market recovery and lingering uncertainty, Morgan Stanley is actively curating a selection of stocks tailored for the current climate. While the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average have regained their footing, investors are keeping a close eye on the upcomin
