Goldman Sachs

Edward Leffler created the first open-end mutual fund, democratizing investment by offering small-scale savers a low-cost financial product managed by professionals. His original fund has achieved an annual return of nearly 9.5% over the last century

Analysts are expecting slower earnings growth for Apple, Nvidia, Microsoft, Amazon and Meta

Around the world, 100 companies have debuted weight-loss medications, which have become a multimillion-dollar business. Novo Nordisk’s Ozempic is currently the best-known, but it’s far from the only option

Concerns have shifted to exposure to commercial real estate credit. The IMF estimates that vulnerable lenders have $5.5 trillion in assets, 23% of the total

Companies are rerouting around South Africa to avoid militia attacks in Yemen in one of the biggest disruptions to world trade since the Covid-19 pandemic

The bankers are against a number of proposed regulations that could hit their profitability, including new rules from the Federal Reserve that would require big banks to hold additional capital on their balance sheets

Experts deny that the real estate crisis will spread through the markets, but they warn of the risk of a Japanization of the Chinese economy, which would mean a long period of low development

JPMorgan, Bank of America, Wells Fargo, Citi and Goldman Sachs earn 20% more in the third quarter of the year

As Republicans aim to gain the one seat they need to retake the Senate in next year’s elections, McCormick is a top recruit

With an estimated valuation of $8 billion, the historic German sandal maker is expected to make the leap to the markets with an initial public offering slated for September

The suspension of federal student loan payments, which took effect at the height of the pandemic in 2020, expires late this summer

Odey AM is on the verge of collapse and the regulator has limited its access to assets and cash due to harassment accusations against founder Crispin Odey

The lawsuit, initially filed in September 2010, claimed the bank discriminated against women when it came to pay, performance evaluations and promotions

The Fed has unleashed a rapid series of rate hikes to combat inflation, which has prompted banks to pay higher interest on traditional savings products like money market funds, certificates of deposit and regular savings accounts

The effort seeks to stop the California-based bank from becoming the third bank to fail in less than a week. Shares of First Republic had fallen sharply this week, dropping 60% on Monday alone

Even though prices are rising much faster than the Fed wants, some economists expect the central bank to suspend its year-long streak of interest rate hikes when it meets next week

With bank share prices cratering Monday and fears of further financial instability roiling markets, most economists now expect the Fed to pause its rate hikes next week

Roger Ng looted a Malaysian development fund of billions of dollars used to finance lavish parties, a superyacht and even the 2013 film ‘The Wolf of Wall Street’

Several factors likely helped propel last month’s spending

The electric car company has lost more than 70% of its value on the stock market and analysts doubt that it can maintain its market share in the long term

Management said it will enforce its ‘Saturday rule’ forbidding work on that day, and blamed high client volumes and the Covid-19 pandemic for added stress levels at the investment bank

Investment bank purchased $865m worth of bonds in state oil company PDVSA at a steep discount

The sale of state-owned homes to private firms has left hundreds of families facing eviction