Straits Times Index
3,322.62 +14.72 (+0.45%) S&P 500
5,267.84 -39.17 (-0.74%) Dow
39,065.26 -605.78 (-1.53%) Nasdaq
16,736.03 -65.51 (-0.39%) Bitcoin USD
67,302.34 -1,903.00 (-2.75%) CMC Crypto 200
1,458.96 -43.70 (-2.91%)
GS Sep 2024 405.000 call
- Yahoo Finance Video
JPMorgan's Dimon, Goldman's Solomon voice concerns on economy
In recent interviews, JPMorgan Chase (JPM) CEO Jamie Dimon believes a hard-landing scenario for the US economy is still possible while Goldman Sachs (GS) CEO David Solomon expects the Federal Reserve will keep interest rates higher for even longer based on AI efficiencies. Yahoo Finance's The Morning Brief report on these Big Bank reactions after the release of May's FOMC meeting minutes and what these comments say about overall confidence for the Fed's 2% inflation target For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- The Telegraph
Value of Nvidia jumps by as much as Britain’s most valuable company
The US microchip giant Nvidia has gained the entire value of Britain’s biggest listed company in a single day as the artificial intelligence (AI) boom sent shares to a fresh record high.
- Reuters
Goldman Sachs picks insiders to co-run German, Austrian investment banking
BERLIN (Reuters) -Goldman Sachs has chosen Jens Hofmann and Tibor Kossa, both working for the bank, as new co-heads of its Germany and Austria investment banking business, one of the top U.S. banks said in a memo seen by Reuters on Thursday. Hofmann joined the company in 1994 as an analyst and was promoted to managing director in 2004, while Kossa joined in 2018 as managing director and worked as co-head of M&A in Germany and Austria until recently. Christopher Droege, who shared leadership of M&A with Kossa, will now become sole head of M&A for Germany and Austria.
