Tag Archives: Investment strategy

Goldman Sachs pivot from Marcus shows that disrupting retail banking is hard

David Solomon, Goldman Sachs, at Marcus event Goldman Sachs CEO David Solomon is reining in his ambition to make the 153-year-old investment bank a major player in U.S. consumer banking. After product delays, executive turnover, branding confusion, regulatory missteps and deepening financial losses, Solomon on Tuesday said the firm was …

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Activist investor Starboard reveals stake in Salesforce, sees significant opportunity

Jeffrey Smith, CEO of Starboard Value LP and Chairman of Papa John’s International Inc. Brendan McDermid | Reuters Starboard Value LP has taken a stake in Salesforce, with founder Jeff Smith saying a significant opportunity remains in the enterprise software maker, according to CNBC’s David Faber. Dow-component Salesforce jumped 7% …

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5 things to know before the stock market opens Tuesday, October 18

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, October 17, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. A real rally, or not? Stocks had a great day to …

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Bitcoin is higher to start the week but continues holding sideways pattern

Artur Widak | NurPhoto | Getty Images Cryptocurrencies were higher on Monday after recovering from a sharp drop in the previous week. Bitcoin rose 1% to $19,457.00, according to Coin Metrics, while ether traded 1.5% higher at $1,317.01. Prices have held steady since rebounding from a big drop that followed …

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5 things to know before the stock market opens Monday, October 17

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, October 14, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Volatility and earnings Last week, economic data fed the market’s volatility. …

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Even as inflation bites, consumers are still turning to Amazon

A spate of fresh data this week showed consumers are feeling the sting from high inflation. While that likely means more pain for retail stocks, new Wall Street research suggests club holding Amazon (AMZN) is consumers’ most preferred online shopping platform, buttressing the Club’s long-term belief in the e-commerce giant. …

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Cryptocurrencies continue higher, with bitcoin looking at a test of $20,000

Photo illustration of Bitfinex cryptocurrency exchange website. Dado Ruvic | Illustration | Reuters Cryptocurrencies continued to climb on Friday as investors sought to extend the previous day’s rally. Bitcoin was higher by more than 1% at $19,652.00, and ether gained more than 3% to trade at $1,328.80. Both assets are …

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Bitcoin holds steady at $19,000 amid growing signs of institutional adoption

A visual representation of the cryptocurrency Bitcoin on December 12, 2017 in London, England. Jordan Mansfield | Getty Images Bitcoin on Tuesday floated at the $19,000 level, where it has remained for about a month with some momentary breaks. The largest cryptocurrency by market cap, whose volatility has been uncharacteristically …

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Bitcoin falls after the jobs report, but crypto prices show relative stability

Chris Ratcliffe/Bloomberg via Getty Images The crypto market fell with stocks after the highly anticipated jobs report showed the labor market is still tight and could keep the Federal Reserve on course to raise rates aggressively. The price of bitcoin fell 3.3% to $19,380.74, according to Coin Metrics. Ether fell …

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Samsung profit plunges in Q3 as chipmakers feel bite

Samsung is facing headwinds from a global slump in deamand and prices for its memory chips, sales of which make up a large part of the South Korean technology giant’s business. Olly Curtis | Future | Getty Images Samsung said Friday its operating profit likely plunged 32% in the third …

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