Here's Why Bank of America, SoFi, and Goldman Sachs Are All Plunging
To name a few examples, megabank Bank of America ( BAC -6.34%) was down by 6% for the day. Investment banking leader Goldman Sachs ( GS -3.98%) had fallen by 5%. And app-based banking platform SoFi ( SOFI -3.54%) was lower by more than 6.5%.
Fed's Musalem expects continued economic growth, but sees risks in recent data
St. Louis Federal Reserve President Alberto Musalem said on Monday he expects the U.S. economy to continue to expand this year, but recent weaker-than-expected consumption and housing data and reports from business contacts have raised concerns about possible risks to growth.
Gold rebounds to nearly $2,900; analyst says silver more exposed than gold to tariffs
Gold futures rebounded to nearly $2,900/oz after last week’s sharp correction, as investors weighed the economic implications of President Trump's plans to push ahead with new tariffs.
New York Post13d
Goldman boss David Solomon’s job security hits all-time high — thanks to Trump
Donald Trump appears to have secured David Solomon’s job for the foreseeable future. The Goldman Sachs CEO has had, let’s say, a rocky relationship with the rank-and-file inside the big ...