Year: 2025

How dealmaking king Goldman Sachs aims to dominate another corner of Wall Street
Goldman Sachs has long been considered the king of Wall Street dealmaking. Now, the bank is increasing its focus on another target: managing money for wealthy clients and institutions. Investment banking services, like underwriting initial public offerings (IPO) and advising mergers and acquisitions (M & A), have long been Goldman’s bread and butter. In fact, […]
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Intel CEO responds to ‘misinformation’ and Trump threat in letter to employees
Lip-Bu Tan, CEO of Intel, appears at an event organized by the company. Andrej Sokolow | Picture Alliance | Getty Images Intel CEO Lip-Bu Tan addressed “misinformation” about his previous roles after President Donald Trump called for his resignation and raised ethical concerns. ” I want to be absolutely clear: Over 40+ years in the industry, […]
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Trump warns courts against knocking down tariffs, says duties are ‘huge positive’ for stock market
U.S. President Donald Trump speaks during an event to honor recipients of the Purple Heart in the East Room of the White House on August 07, 2025 in Washington, DC. Anna Moneymaker | Getty Images President Donald Trump on Friday warned U.S. courts against blocking his tariff policy, citing its “positive impact” on the stock […]
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Dodge unveils additions to 2026 muscle car lineup: ‘It’s about choice’
2026 Dodge Durango SRT Hellcat Jailbreak in Green Machine (front). A Jailbreak Custom Color program will allow select Dodge customers to paint their Durango SRT Hellcat Jailbreak in nearly any color imaginable, including Stryker Purple (shown at rear). Courtesy: Dodge Stellantis subsidiary Dodge announced two new muscle cars on Friday, flexing its 2026 model year […]
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Sweetgreen shares drop 25% after salad chain cuts outlook for the second time in two quarters
People walk past a Sweetgreen restaurant in Manhattan. Jeenah Moon | The Washington Post | Getty Images Sweetgreen shares dropped more than 25% on Friday after the salad chain cut its 2025 outlook for the second quarter in a row, citing issues with its loyalty program, weak consumer sentiment, tariff headwinds and store challenges. For […]
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Sam Altman says he doesn’t think about Elon Musk that much
Sam Altman, left, and Elon Musk. Muhammed Selim Korkutata | Anadolu | Getty Images Sam Altman has dismissed longtime rival Elon Musk’s warnings that OpenAI is set to dominate Microsoft, after the companies announced that OpenAI’s latest AI model will be incorporated into Microsoft products. On Thursday, Microsoft CEO Satya Nadella announced that OpenAI’s GPT-5 […]
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Bank of England chief says no rift with UK government as Revolut licence delay draws scrutiny
Revolut cards is seen in this illustration photo taken in Krakow, Poland on March 29, 2024. Jakub Porzycki | Nurphoto | Getty Images LONDON — Bank of England Governor Andrew Bailey told CNBC there hasn’t been a “falling out” with the U.K. government over delays to fintech giant Revolut’s long-awaited bank license. Last week, the Financial […]
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