Goldman Sachs is cutting jobs again amid Wall Street deals slump
David Solomon, CEO, Goldman Sachs, speaks during the Milken Institute Global Conference in Beverly Hills, California, April 29, 2019.Kyle Grillot | Bloomberg | Getty ImagesGoldman…
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Wall Street
Major central banks were expected to pause rate hikes soon. Now it’s not so clear cut
Traders react as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE) in New York City, March 22,…
Consumers are starting to fire up China’s pandemic-battered economy, two ETF experts find
China's pandemic-battered economy is starting to see consumers open their wallets wider, according to KraneShares' Brendan Ahern."We're seeing the incremental rebound from the…
Paramount pops after Buffett’s favorite banker makes ‘interesting’ bet in media giant’s key…
The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California on March 9, 2023.Patrick T. Fallon | AFP | Getty ImagesParamount Global shares jumped…
A U.S. recession would be ‘good news’ for markets, strategist says
Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2023 in New York City. Michael M. Santiago | Getty ImagesA U.S. recession may prevent a…
‘Price bubble’ in A.I. stocks will wreck rally, economist David Rosenberg predicts
Investors piling into stocks with artificial intelligence exposure may pay a hefty price.Economist David Rosenberg, a bear known for his contrarian views, believes enthusiasm…
Investor behind top tech fund warns mega-cap rally is running on fumes
The investor behind a top 10 global ETF sees a bearish trend in the Big Tech rally.Anna Paglia, who oversees the tech-heavy Invesco QQQ Trust, sees signs investors are starting to…
Fed may be forced to defy market expectations and hike more aggressively, economist says
Traders react as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE), May 3, 2023.Brendan McDermid |…
Global debt nears record highs as rate hikes trigger ‘crisis of adaptation,’ top trade body says
HIROSHIMA, JAPAN - MAY 17: People walk beneath a banner promoting the Group of 7 (G7) summit at a shopping street on May 17, 2023 in Hiroshima, Japan. The G7 summit will be held…
Market’s tech focus is ‘shortsighted,’ with a broader bull run coming, portfolio manager says
Tech stocks on display at the Nasdaq. Peter Kramer | CNBCThe market's affinity for Big Tech stocks this year is "shortsighted," according to portfolio manager Freddie Lait, who…