David Solomon, CEO of Goldman Sachs, during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" in New York on Aug. 6, 2024.Jeenah Moon | Bloomberg | Getty ImagesGoldman Sachs will post a roughly $400 million pretax hit to third-quarter results as the bank continues to unwind...
Category: Finance
ETFs are on pace to break record annual inflows, but this wild card could change it all
Exchange-traded fund inflows have already topped monthly records in 2024, and managers think inflows could see an impact from the money market fund boom before year-end."With that $6 trillion plus parked in money market funds, I do think that is really the biggest wild card for the remainder of the...
Cramer names the No. 1 underappreciated megacap to buy in the recent tech stock sell-off
Microsoft's generative artificial intelligence prospects are impressive. But the stock has more to offer investors than just the new tech. Jim Cramer said Microsoft shares could bottom Wednesday — and out of all the megacap tech stocks, this Club name is the one to buy. Microsoft closed at a record...
American demand for international trips drives ‘travel momentum’ and overall spending
Hinterhaus Productions | Digitalvision | Getty ImagesTravel spending among American households continues to outpace its pre-pandemic levels, a trend underpinned by a zeal for international trips, according to new Bank of America research."A key part of travel momentum lies within vacationing abroad," Taylor Bowley and Joe Wadford, economists at the...
‘Vigorous give and take’: U.S. security advisor discusses economic curbs in rare trip to China
US National Security Advisor Jake Sullivan shakes hands with China's President Xi Jinping (R) during their meeting at the Great Hall of the People in Beijing on August 29, 2024. Trevor Hunnicutt | Afp | Getty ImagesBEIJING — U.S. national security advisor Jake Sullivan said he raised concerns about the country's...