David Solomon, Chairman and CEO, Goldman Sachs, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 29, 2019 in Beverly Hills, California. Michael Kovac | Getty Images Entertainment | Getty Images Goldman Sachs on Tuesday posted fourth-quarter results that topped […]
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Morgan Stanley revenue tops estimates, helped by strong investment banking business
The Morgan Stanley headquarters is seen in New York City on Jan. 17, 2023. Michael M. Santiago | Getty Images Morgan Stanley on Tuesday reported fourth-quarter revenue that surpassed expectations, boosted by the strength in investment banking. Here’s how the bank did compared with Wall Street expectations: Earnings per share: […]
Fed should be a ‘little concerned’ about starting rate cuts too early, Nasdaq CEO says
Adena Friedman, CEO & Board Chair NASDAQ, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Nasdaq CEO Adena Friedman believes the Federal Reserve should be wary of cutting interest rates too soon. Speaking at a CNBC-moderated panel at […]
Ripple CEO calls U.S. SEC Chair Gary Gensler a ‘political liability’
Brad Garlinghouse, chief executive officer of Ripple Labs Inc., speaks during the Token2049 conference in Singapore, on Wednesday, Sept. 13, 2023. Joseph Nair | Bloomberg | Getty Images Ripple CEO Brad Garlinghouse fired off criticism at U.S. Securities and Exchange Commission Chairman Gary Gensler on Tuesday, calling the SEC chief […]
Divide between political elites and the working class is a major risk, Allianz CEO says
Oliver Bäte, chief executive of German insurance group Allianz. Nurphoto | Nurphoto | Getty Images A growing detachment between political leaders and populations presents the biggest risk in a busy election year, according to Allianz CEO Oliver Bäte. Alongside an expanding conflict in the Middle East and Russia’s ongoing war […]
2024’s wave of elections predicted to derail food security progress
Skaman306 | Moment | Getty Images DAVOS, SWITZERLAND — The slew of upcoming global elections could derail international efforts to secure long-term food supplies, according to the International Fund for Agricultural Development (IFAD). President Alvaro Lario told CNBC that is short-term politics will likely dominate over longer-term strategy in the […]
As others try to quash rate cut talk, European Central Bank’s Centeno flags inflation progress
Euro zone inflation is moving in the right direction, Portugal’s central bank governor Mario Centeno said Tuesday, despite his peers on the European Central Bank Governing Council striking a more hawkish tone in recent days. “We target medium term inflation, we don’t target February inflation, and the trajectory is very […]
The Israel-Hamas war has already forced U.S. military action. Is war with Hezbollah next?
Pro-Iranian Hezbollah militants chant slogans as they walk in the beginning of the funeral procession of the party top commander Wissam tawil in the southern Lebanese village of Khirbit Selem. Picture Alliance | Picture Alliance | Getty Images Is a wider Middle East war — expanding beyond the borders of […]
Goldman Sachs is set to report fourth-quarter earnings — here’s what the Street expects
David Solomon, Chairman and CEO, Goldman Sachs, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 29, 2019 in Beverly Hills, California. Michael Kovac | Getty Images Entertainment | Getty Images Goldman Sachs is scheduled to report fourth-quarter earnings before […]
Global shipping recession could end as freight rates soar on Red Sea troubles
The Maersk Sentosa container ship sails southbound to exit the Suez Canal in Suez, Egypt, on Thursday, Dec. 21, 2023. Stringer | Bloomberg | Getty Images Vessels transiting the Red Sea have faced attacks over the past several weeks from Yemen-based Houthis, prompting shipping companies to change routes, leading to […]