GOLDMAN SACHS CEO: THE U.S. ECONOMY WILL BE AFFECTED BY HIGH UNEMPLOYMENT AND A SLOW COVID – 19 RECOVERY

Highlights

• A continuous surge in cases has forced several states to halt reopening plans
• The U.S. will observe very high unemployment for an extended period of time

On Wednesday, Goldman Sachs CEO David Solomon said that the U.S. eco...

GOLDMAN SACHS OBSERVES A FALL IN ITS PROFIT

On Wednesday, Goldman Sachs Group Inc reported a more than expected fall in the quarterly profit.

To cover legal costs for the 1MDB corruption scandal, the Wall Street bank set aside more money, overshadowing a rebound in its trading business.

In the fourth quarter, the bank s...

Lixiang Automotive, a Chinese electric vehicle manufacturer has filed for a U.S IPO

According to Reuters report, Lixiang Automotive, a Chinese electric vehicle manufacturer has filed for a U.S IPO. It is planning to raise $500 million from the IPO. This IPO listing has been planned in early 2020.

The car manufacturing company has appointed Goldman Sachs company to get ...

How much Japanese employees would be willing to forget to enjoy a healthier balance between work and life?

Companies from Goldman Sachs Group Inc. to Monsanto Co. have become more versatile in their work. You can quickly tap away from a living room couch, the bleachers at the soccer game of your son or huddled over a coconut on your Christmas holiday thanks to smartphones and gadgets. To women, howeve...

U.S. economy seems to be ‘accelerating again’

Goldman Sachs ' chief said Tuesday that, due to tighter monetary policy and American market optimism, the U.S. economy seems like it picks up speed after a slow start to the year.

"We are quite positive about the economy as a whole. Of course, especially in the U.S., the econom...

Unbalanced India financial exchange rally has speculators gauging alternatives

MUMBAI: Investors are beginning to gauge the benefits of pivoting into little and average-sized Indian stocks after a couple of enormous organizations drove a record-breaking rally in the primary value list. "Initiative in India's meeting has been extremely limited," Tim Moe, boss A...

Goldman accused of rigging?

The bond market has been a very popular one as bonds are seen as a very safe investment with guaranteed returns and high yields over the long term make them a sweet deal for anyone who wants to make a safe and sound investment in the markets but someone who is willing to do it, in the long run, i...

Earnings reveal to aid growth in banking

With the financial coming to an end, there are reports all over the place of the earnings and revenues for the third quarter which is crucial to investors and investments but also for the firms to decide their outlook for the 2020 financial year.

Third-quarter earnings season kicked off...