Goldman Sachs slips on report that the Federal Reserve is investigating its Marcus company

Key Details

The regulator is on the lookout into whether or not Goldman Sachs experienced the right safeguards in position to guard consumers when it elevated lending in the purchaser division, The Wall Avenue Journal claimed.
Just times in the past, Goldman CEO David Solomon admitted that the bank experienced a disappointing quarter in section because it took on far too substantially in the shopper banking enterprise.

Source

AI humans in China just proved they are better influencers. It only took a duo 7 hours to rake in more than million

Finance

AI humans in China just proved they are better influencers. It only took a duo 7 hours to rake in more than $7 million

June 19, 2025

Key Points A Chinese entrepreneur raked in $7.65 million after streaming using an interactive digital avatar. That was more than what he earned from his previous livestream, which he hosted personally. “This is a DeepSeek moment for China’s entire livestreaming and digital human industry,” an analyst said. Source

Finance

Fed sees its preferred inflation gauge topping 3% this year, higher than previous forecast

June 18, 2025

U.S. Federal Reserve Chair Jerome Powell speaks during a conference marking the 75th anniversary of the International Finance Division of the Federal Reserve Board in Washington, D.C., on June 2, 2025. Andrew Caballero-Reynolds | AFP | Getty Images The Federal Reserve sees inflation rising again to top 3% this year amid the uncertainty around President […]

Finance

Here’s what changed in the new Fed statement

June 18, 2025

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in May. Text removed from the May statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both […]