breakingNewsGlobal
U.S. holds ‘candid’ and ‘productive’ talks with China in nearly 5-hour meeting
Jake Sullivan, White House national security adviser, speaks during an interview at an Economic Club of Washington event in Washington, D.C., U.S., on Thursday, April 14, 2022. Al Drago | Bloomberg | Getty Images WASHINGTON — National security adviser Jake Sullivan met with China’s top diplomat, Yang Jiechi, on Monday to discuss a range of […]
Read More
Morgan Stanley CEO James Gorman sees 50-50 odds of recession ahead
Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington, October 10, 2014. Joshua Roberts | Reuters The odds of a recession may be climbing as the Federal Reserve wrangles with inflation, but it’s unlikely to be a deep one, according to Morgan Stanley CEO James […]
Read More
Goldman Sachs CEO David Solomon’s advice to summer interns: ‘Be an entrepreneur’
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Internships have started at Goldman Sachs’ offices in the U.S. this week, according to the global investment bank. Roughly 3,700 people won a coveted spot in the company’s internship program out of a record […]
Read More
A paradigm shift has begun in markets, says Morgan Stanley’s Ted Pick. Here’s what to expect
Trader on the floor of the NYSE, June 1, 2022. Source: NYSE Global markets are in the beginning of a fundamental shift after a nearly 15-year period defined by low interest rates and cheap corporate debt, according to Morgan Stanley co-President Ted Pick. The transition from the economic conditions that followed the 2008 financial crisis […]
Read More
Jamie Dimon says ‘brace yourself’ for an economic hurricane caused by the Fed and Ukraine war
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised investors to do the […]
Read More
Bank of America CEO Brian Moynihan says nothing will slow U.S consumer from spending money
Brian Moynihan, CEO of Bank of America, speaking at the WEF in Davos, Switzerland on May 23rd, 2022. Adam Galica | CNBC U.S. consumers are “in good shape” and will keep spending at an elevated clip, at least in the near term, according to Bank of America CEO Brian Moynihan. “Consumers are in good shape, […]
Read More
JPMorgan investors hand Jamie Dimon a rare rebuke with disapproval of $52.6 million bonus
JP Morgan Chase & Co. Chairman & Chief Executive Officer Jamie Dimon testifies before the House Financial Services Committee on accountability for megabanks in the Rayburn House Office Building on Capitol Hill in Washington, DC on April 10, 2019. Mandel Ngan | AFP | Getty Images JPMorgan Chase CEO Jamie Dimon was handed a rare […]
Read More
Goldman Sachs gives senior managers a new perk: ‘Flexible vacation’ policy
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is giving its top managers a new perk more common in the tech industry: the ability to take as much vacation time as they want. The investment bank told managing directors and partners last […]
Read More
Biden set to redeploy U.S. troops to Somalia, reversing Trump withdrawal
US army soldiers stand at an observation point during the “African Lion” military exercise in the Tan-Tan region in southwestern Morocco on June 18, 2021. Fadel Senna | AFP | Getty Images WASHINGTON — President Joe Biden approved a plan to redeploy U.S. troops to Somalia, a senior administration official confirmed to NBC News. The move, a […]
Read More
Goldman ‘deal guy’ behind Apple, GM cards leaves for fintech start-up iCreditWorks
iCreditWorks CEO Scott Young, former chief commercial officer of Goldman Sachs Marcus. Courtesy: Goldman Sachs A Goldman Sachs executive known for securing some of the industry’s biggest credit-card deals in recent years has left to join early stage start-up iCreditWorks, CNBC has learned. Scott Young, who was chief commercial officer of Goldman’s Marcus consumer business, […]
Read More