Dow Jones Struggles as Earnings Season Kicks Off: Diverging Fortunes in the Financial Sector

A Trader works on the floor of the New York Stock Exchange NYSE

On Tuesday, the Dow Jones Industrial Average struggled to maintain its early 2023 momentum as investors weighed the latest earnings results. The blue-chip index, which is a stock market index that tracks 30 of the largest and most widely traded publicly listed companies in the United States, lost 391.76 points, or 1.14%, to close at … Read more

Goldman’s Apple Card business has a surprising subprime problem

Goldman’s Apple Card business has a surprising subprime problem

The weakest American borrowers are starting to miss payments and default on their loans, and that is showing up at a surprising place: Goldman Sachs. While competitors like Bank of America enjoy repayment rates at or near record levels, Goldman’s loss rate on credit card loans hit 2.93% in the second quarter. That’s the worst among big U.S. … Read more

Crypto Exchange Coinbase to Benefit Near-Term from Staking Revenues After Ethereum Merger, Goldman Says

Crypto Exchange Coinbase to Benefit Near-Term from Staking Revenues After Ethereum Merger, Goldman Says

The Merge will likely be a near-term catalyst for greater adoption of staking on Coinbase’s (COIN) platform, Goldman Sachs (GS) said in a research report Wednesday. Coinbase has continued to grow its staking offering and recently announced support for institutional clients, adding staking for Cardano (ADA) and Solana (SOL), and will eventually support ether (ETH) … Read more

As Crypto Slumps, Goldman Sachs Aims for a Wall Street Built on Blockchain

As Crypto slumps Goldman Sachs aims for blockchain

Wall Street’s biggest banks have largely avoided investing directly in cryptocurrencies. But many are quietly working to integrate blockchain, the technology behind crypto, into trading and other businesses. Goldman Sachs GS -1.48%▼ Group Inc. is already trading some bonds and other debt securities for clients on blockchain-based networks such as Ethereum, and the bank is building its own … Read more

Goldman Sachs crushes analysts’ expectations on strong bond trading results, shares rise 3%


Goldman Sachs on Monday posted profit and revenue that exceeded analysts’ estimates as fixed income traders generated roughly $700 million more revenue than expected. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $7.73 vs. $6.58 expected Revenue: $11.86 billion vs. $10.86 … Read more

Dow futures jump more than 200 points to start week as Goldman earnings top expectations

High Inflation may be behind us

U.S. stock index futures rose sharply Monday as Goldman Sachs reported an earnings beat to start a busy week of quarterly reports, and as investors bet that the Federal Reserve will be less aggressive against inflation than feared. Futures contracts tied to the Dow Jones Industrial Average added 275 points or 0.88%. S&P 500 futures gained 0.80%, while Nasdaq 100 futures … Read more

Why the $2 trillion crypto market crash won’t kill the economy

Crypto becomes mainstream

Key Points: Economists and bankers tell CNBC they aren’t worried about the crypto sell-off hurting the broader U.S. economy. “People don’t really use crypto as collateral for real-world debts. Without that, this is just a lot of paper losses. So this is low on the list of issues for the economy,” said Joshua Gans, an … Read more

2022 Has Been The Worst Year Ever For Hedge Funds, Who Are Now Massively Shorting To Chase Stocks Lower

Hedge Funds

Some were stunned to see stocks surge in the last hour of trading on Friday in the illiquid vacuum that saw the S&P earlier tumble into a bear market, sliding more than 21% from its January all-time high (a level that equates with 3,855 in the e-mini) briefly before bouncing back above 3900, and rejecting … Read more

Crypto crash will have limited impact on U.S. household wealth and labor supply: Goldman Sachs

Tether Cryptocurrency

Crypto holdings account for only 0.3% of U.S. households’ net worth, while corporate equities account for about 33%, analysis finds. The global cryptocurrency market lost over $300 billion last week and about $1.7 trillion in the past seven months. But the impact on U.S. household wealth, spending, and the labor supply are likely to be … Read more