Goldman names Dan Dees as new investment-banking co-chief: Bloomberg
Goldman Sachs Group Inc named Dan Dees as its new investment-banking co-chief, Bloomberg reported on Wednesday, citing people with knowledge of the matter.
Goldman Sachs nears deal to sell its fintech app: source
Goldman Sachs is in advanced talks with several financial companies to spin off its three-year-old app, Simon, which sells complex financial products to retail investors, a source familiar with the matter told Reuters.
Global stocks rally for a second day, setting aside trade fears
World stock markets broadly rose for a second straight day on Wednesday, while safe-haven assets such as U.S. bonds and the Japanese yen slipped to multi-week lows, on bets the ongoing U.S.-China trade spat would inflict less damage than feared.
S&P, Dow lifted by financials; Microsoft pressures Nasdaq
The S&P 500 and the Dow Jones Industrials Average rose on Wednesday, helped by upbeat housing data and a gain for bank stocks driven by rising Treasury yields, while a drop in Microsoft pressured the tech-heavy Nasdaq.
Goldman Sachs nears deal to sell its fintech app: WSJ
Goldman Sachs is in advanced talks with several financial companies to spin off ‘Simon’, its three-year-old app that sells financial products to retail investors, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Strap on the Fitbit: John Hancock to sell only interactive life insurance
John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable devices and smartphones, the comp…
Amazon’s use of merchant data under EU microscope
European Union regulators are checking whether U.S. online retailer Amazon is using merchants’ data in a way that stifles competition, Europe’s antitrust chief said on Wednesday.
Wall Street opens higher as investors shrug off trade war
U.S. stocks opened higher on Wednesday, as investors brushed aside the latest blows in Washington and Beijing’s trade war.
China’s Tencent Music seeks $2 billion in U.S. IPO: sources
Tencent Music Entertainment Group, China’s biggest music-streaming company, is seeking to raise about $2 billion in a U.S. listing, according to three people close to the deal, down from the up to $4 billion that had been touted earlier.
AutoNation’s Mike Jackson to step down as CEO next year
AutoNation Inc’s longtime Chief Executive Officer Mike Jackson will step down from the role next year but remain executive chairman until 2021, the largest U.S. auto retail chain said on Wednesday.
