GS – Page 2 – The News Desk

15Nov

By adminNo Comments

Money

Stocks, Bonds Soar After Inflation Data

Updated Nov. 14, 2023 6:29 pm ETAn autumn stock-market rally accelerated Tuesday after fresh data showed that inflation cooled more than expected, powering big gains across stocks and government bonds.Consumer prices were unchanged in October from the previous month and up 3.2% from a year ago, less than what economists surveyed by The Wall Street Journal had forecast. The figures helped reassure investors that the Federal Reserve is likely done raising rates and put a soft landing for the U.S. economy in view.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

14Nov

By adminNo Comments

World

Stocks, Bonds Soar After Inflation Data

Updated Nov. 14, 2023 6:29 pm ETAn autumn stock-market rally accelerated Tuesday after fresh data showed that inflation cooled more than expected, powering big gains across stocks and government bonds.Consumer prices were unchanged in October from the previous month and up 3.2% from a year ago, less than what economists surveyed by The Wall Street Journal had forecast. The figures helped reassure investors that the Federal Reserve is likely done raising rates and put a soft landing for the U.S. economy in view.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

7Nov

By adminNo Comments

Money

Goldman Moves to Unload GM Credit Card

Updated Nov. 7, 2023 5:44 pm ETGoldman Sachs plans to begin a process to unload its General Motors credit-card program in another step away from its failed foray into consumer lending.The bank on Tuesday informed a group of employees within its Platform Solutions division, who work on the GM card, that a process to find a new issuer will begin soon, people familiar with the matter said. GM is expected to run the process.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Goldman Sachs Promotes 608 Managing Directors

2Nov

By adminNo Comments

Money

Goldman Sachs Promotes 608 Managing Directors

Goldman Sachs on Thursday promoted 608 employees to the role of managing director, a smaller group than the last class two years ago.The 2021 class was a record, with 643 employees promoted to managing director. But the 2023 class is still much bigger than the previous few classes before the pandemic. The 2019 class, for example, had 465 employees. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Morgan Stanley Names Ted Pick as Next Chief Executive

26Oct

By adminNo Comments

Money

Morgan Stanley Names Ted Pick as Next Chief Executive

Updated Oct. 25, 2023 7:26 pm ETMorgan Stanley said Wednesday that it named Ted Pick as its next chief executive to succeed longtime CEO James Gorman, ushering in a new era for the Wall Street powerhouse.Pick, who leads Morgan Stanley’s investment-banking and trading operations, was one of three finalists selected as possible successors for Gorman, who said in May that he would step down from the CEO role he has held since 2010.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

25Oct

By adminNo Comments

World

Morgan Stanley Names Ted Pick as Next Chief Executive

Updated Oct. 25, 2023 6:16 pm ETMorgan Stanley named Ted Pick as its next chief executive to replace longtime CEO James Gorman, ushering in a new era for the Wall Street powerhouse.Pick, who leads Morgan Stanley’s investment-banking and trading operations, was one of three finalists selected as possible successors for Gorman, who said in May he would step down from the CEO role he has held since 2010.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Goldman Sachs Veteran to Become CEO of Asset-Management Firm

22Oct

By adminNo Comments

Money

Goldman Sachs Veteran to Become CEO of Asset-Management Firm

Goldman Sachs veteran Luke Sarsfield, one of several executives to leave the bank recently, is set to become chief executive of asset manager P10.Dallas-based P10, which specializes in so-called alternative investments, plans to announce the move Monday, people familiar with the matter said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

22Oct

By adminNo Comments

World

Goldman Sachs Veteran to Become CEO of Asset-Management Firm

Goldman Sachs veteran Luke Sarsfield, one of several executives to leave the bank recently, is set to become chief executive of asset manager P10.Dallas-based P10, which specializes in so-called alternative investments, plans to announce the move Monday, people familiar with the matter said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

What if Wall Street Doesn’t Bounce Back?

20Oct

By adminNo Comments

Money

What if Wall Street Doesn’t Bounce Back?

Bankers tend to turn into gardeners when talking about the continuing dearth of mergers and other investment-banking deals. They mention “green shoots,” in the form of an acquisition here, or an initial public offering there, as hopeful signs of regrowth.But this analogy might be too delicate for today’s world. Between the low-growth economic outlook, surging Treasury yields and wars in Israel and Ukraine, the risk isn’t just that the soil is a bit dry. It is that the ground is ripped up and parched, turning what is sometimes talked about as a temporary lull into one lasting for years.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Wall Street’s Latest Obsession Is an Unknowable Number

18Oct

By adminNo Comments

World

Wall Street’s Latest Obsession Is an Unknowable Number

Updated Oct. 18, 2023 12:06 am ETInvestors and Federal Reserve officials scrambling to make sense of surging U.S. Treasury yields have a new obsession: a number that exists only in theory.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8