• American businesses are scrambling to get around Trump's new tariffs - and it could just be the start of a 'tsunami'

    6 monthes ago - By Business Insider

    The Commerce Department has received more than 1,200 requests from businesses to be excluded from President Donald Trump's steel and aluminum tariffs.
    Companies can ask for exclusions if they cannot find the metal needed to produce their product in the US.
    The requests are likely the first in a deluge from businesses.
    US businesses are flooding the Trump administration with requests to get around new tariffs on steel and aluminum.
    The Washington Post's Heather Long reported that more than 1,200 companies have asked the Commerce Department for an exemption from 25% tariff on steel, while...
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  • Goldman's faith in roaring markets met with skepticism on Wall Street

    Goldman's faith in roaring markets met with skepticism on Wall Street

    6 monthes ago - By Reuters

    Goldman Sachs Group Inc is so confident in its recent business boom that it will pause share buybacks in the second quarter and instead use capital to facilitate trades, loans and deals for customers, its finance chief said on Tuesday.
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  • Goldman Sachs May Be Getting Its Groove Back

    6 monthes ago - By NY Times

    The Wall Street bank struggled last year to compete in markets it once dominated. Its latest quarterly earnings report shows signs of a recovery.
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  • Goldman Sachs' CFO said the same thing 16 times in an earnings call, and it shows how the bank's changing

    Goldman Sachs' CFO said the same thing 16 times in an earnings call, and it shows how the bank's changing

    6 monthes ago - By Business Insider

    Goldman Sachs announced first-quarter earnings Tuesday morning, smashing analyst expectations.
    On an analyst call after the results were published, CFO Marty Chavez was asked about Goldman Sachs' tech strategy, trading, and investment banking.
    He had a version of the same answer for almost every question, stressing Goldman Sachs' diversification and efforts to diversify further.
    Diversification.
    That's the word of the day at Goldman Sachs, which announced first-quarter earnings Tuesday morning , smashing analyst expectations. On an earnings call after the results, CFO Marty Chavez said...
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  • Goldman Sachs' hot new business is lending to subprime consumers, and Wall Street's starting to ask questions

    Goldman Sachs' hot new business is lending to subprime consumers, and Wall Street's starting to ask questions

    6 monthes ago - By Business Insider

    Goldman Sachs launched Marcus , an online lending business, in October 2016.
    The business has now originated $3 billion in loans, according to Goldman Sachs CFO Marty Chavez.
    But analysts have expressed concern over the quality of these loans, with one analyst noting on Goldman Sachs' first quarter earnings call that a chunk of the loan book is subprime.
    Goldman Sachs is lending to subprime consumers. Yes, you read that right.
    The prestigious Wall Street bank launched Marcus , an online lending business, in October 2016, and has grown the unit swiftly since launch. The unit has now...
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  • Goldman Sachs' hot new business is lending to subprime consumers, and Wall Street's starting to ask questions

    Goldman Sachs' hot new business is lending to subprime consumers, and Wall Street's starting to ask questions

    6 monthes ago - By Business Insider

    Goldman Sachs launched Marcus , an online lending business, in October 2016.
    The business has now originated $3 billion in loans, according to Goldman Sachs CFO Marty Chavez.
    But analysts have expressed concern over the quality of these loans, with one analyst noting on Goldman Sachs' first quarter earnings call that a chunk of the loan book is subprime.
    Goldman Sachs is lending to subprime consumers. Yes, you read that right.
    The prestigious Wall Street bank launched Marcus , an online lending business, in October 2016, and has grown the unit swiftly since launch. The unit has now...
    Read more ...