Goldman CEO David Solomon’s latest remix breaks up the bank’s struggling consumer finance business
Goldman Sachs CEO David Solomon is planning his third major corporate reorganization since assuming control of the bank in late 2018.
The biggest takeaway from Bank of America’s earnings, and what it means for the broader stock market
The market is making the case that Thursday’s rare, sharp upside reversal meant something — even if it can’t be seen for sure as decisive.
Sunflowers, war and drought: Why the price of margarine and butter spiked 32%
A complex global trade dynamic has fueled tighter supplies of vegetable oils and milk, leading to higher prices for butter and margarine at home.
Barclays and UBS see more pain ahead for stocks. Here’s why
UBS and Barclays still don’t see a bottom in sight for stocks after a brutal run.
Bitcoin miners are feeling the heat as the network’s mining difficulty reaches an all-time high
Bitcoin’s mining difficulty rose to an all-time high last week, which is great for the health of the network but has been putting pressure on crypto miners.
UK Prime Minister Liz Truss faces serious pressure to resign after failed budget
U.K. Prime Minister Liz Truss is facing calls to resign from within her own Conservative Party just six weeks after entering Downing Street.
BTS stars to serve military duty in South Korea
The decision comes after the country’s military had signaled that it wanted to conscript members of the K-pop supergroup for mandatory service.
Bank of America tops estimates on better-than-expected bond trading, higher interest rates
Bank of America said U.S. consumers have “remained resilient with strong, although slower growing, spending levels” and elevated deposits.
The earnings apocalypse has not yet materialized
The earnings evidence so far suggests a contraction but not a collapse.
UK’s new finance minister scraps almost all planned tax cuts in bid to appease markets
Jeremy Hunt made the announcement two weeks earlier than planned as the Bank of England ended its emergency bond-buying program.
