Goldman CEO David Solomon suggests there is certainly a great likelihood of a economic downturn and so it is really time to be careful

Crucial Factors

Goldman Sachs CEO David Solomon cautioned Tuesday that the U.S. financial system could be headed for a downturn that could make investing and enterprise conclusions additional tough.
“That ecosystem heading into 2023 is one that you’ve acquired to be cautious and prepared for,” he told CNBC.
His remarks arrived just a couple of times immediately after his counterpart at JPMorgan Chase, Jamie Dimon, also warned of looming problems for the U.S. economic system.

Supply

Finance

Walmart’s former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its ‘doom and gloom’ commentary

May 15, 2025

Fast Money Walmart’s former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its ‘doom and gloom’ commentary Published Thu, May 15 20257:47 PM EDTUpdated 37 Min Ago Stephanie Landsman@stephlandsman WATCH LIVE Source

Finance

Stocks making the biggest moves after hours: Applied Materials, Take-Two Interactive, Cava and more

May 15, 2025

Check out the companies making headlines in after-hours trading: Applied Materials — Shares fell nearly 5% in extended trading. The maker of semiconductor manufacturing equipment reported $7.10 billion in revenue in its fiscal second quarter, which was slightly lower than analysts’ expectations of $7.13 billion, according to LSEG. Semiconductor revenue of $5.26 billion for the […]

Finance

Stocks making the biggest moves midday: Coinbase, UnitedHealth, Dick’s Sporting Goods, Boot Barn and more

May 15, 2025

Check out the companies making headlines in midday trading. Walmart — Shares of the big-box retailer dropped 1% after Walmart fell slightly short of first-quarter sales expectations and management warned that consumers could see higher prices caused by tariffs. Walmart reported revenue of $165.61 billion, while the consensus forecast was $165.84 billion, per LSEG. The retailer earned 61 […]