David Solomon, chief executive officer of Goldman Sachs & Co., listens during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg | Getty Images David Solomon is cleaning house atop Goldman Sachs. At least a dozen partners are in negotiations to leave the firm in
Investing
In this photo illustration, a visual representation of a cryptocurrency sits on display in front of a Facebook logo. Chesnot | Getty Images When it comes to the development and regulation of cryptocurrencies, many in Washington have been producing more heat than light. By all accounts, the crypto industry and its dozens of digital asset
Lyft CEO Logan Green (R) and President John Zimmer (2nd R) speak before the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images Here are the biggest calls on Wall Street on Thursday: Deutsche Bank initiated Lyft
President Donald Trump answers questions in the Oval Office of the White House in Washington, August 20, 2019. Kevin Lamarque | Reuters Citi no longer sees a conclusion to the trade war with China before the next U.S. presidential election, the investment bank said in a research report on Wednesday. “[The] base case for the
Traders work under monitors displaying 3M Co. signage on the floor of the New York Stock Exchange (NYSE) in New York. Michael Nagle | Bloomberg | Getty Images In a world of falling and even negative interest rates, investors are searching high and low for yield. Companies with a high and stable dividends are a
Sam Zell, who amassed a nearly $6 billion fortune with roots in commercial real estate, is slamming WeWork, the office-sharing firm that’s widely expected to go public as early as this month. WeWork, which rebranded itself as the We Company, is not doing anything new, Zell told CNBC on Wednesday. “I had the privilege of
If President Donald Trump wants to keep his strong stock market gains, he may want to stay off Twitter. Days when Trump tweets a lot are associated with negative stock market returns, Bank of America Merrill Lynch said Tuesday in a report. The brokerage’s chief equity strategist, Savita Subramanian, wrote in a note that “since
Now is the time to buy risk assets, a Bank of America Merrill Lynch strategist told CNBC on Tuesday. “When investors are this bearish, historically, it’s been a great time to buy risky assets like stocks and commodities,” BofAML global investment strategist Jared Woodard said on “Closing Bell. “ Woodard stressed he was looking at
Traders work on the floor of the New York Stock Exchange (NYSE) on August 14, 2019 in New York City. Spencer Platt | Getty Images Morgan Stanley’s Mike Wilson, one of Wall Street’s most skeptical strategists, is advising clients to dump growth stocks and buy defensive names as the “demand destructive” tariffs are fanning recession
JJFarquitectos | iStock Editorial | Getty Images The world of competitive video games is coming out of “stealth mode” in the United States, analysts at Needham say, and the firm believes investors should pay attention to how its growing popularity will drive future profits. Known commonly as esports, the category is essentially defined as people