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STEPHEN SCHERR
Goldman Sachs turns profits amid tariff woes—but 'great uncertainty' signals an increased risk of a recessionGoldman Sachs CEO David Solomon has warned that recession risks are mounting and trade war fallout is rattling clients, despite the bank’s ...- Electric vehicles are cheaper than ever. That’s bad for EV ownersTesla cuts Model 3 prices in China, making them more affordable; Hertz sells part of its EV fleet and buys gasoline-powered vehicles instea...
- Hertz will sell electric cars after being burned by Tesla's price cutsThe decision by Hertz to sell one-third of its electric vehicle fleet due to rapid depreciation has raised concerns about the viability of ...
- Goldman's CEO is stuck, without a clear lifelineBlankfein, a big Goldman shareholder and Solomon’s predecessor, had lost $50 million since January on his stake because of the bank’s sinki...
- Will the 2021 earnings bonanza really happen?According to Bloomberg Intelligence, analysts expect a whopping 23.2% increase in earnings per share among S&P 500 companies, up from 22.3%...
- $10 mn pay-cut for Goldman Sachs CEO David Solomon over 1MDB scandalGoldman Sachs pleaded guilty in October over its role in the scandal, and agreed to pay nearly $3 billion to close US investigations.
- Goldman Sachs says it sold out of Uber stake after IPO lockup expiredChief Financial Officer Stephen Scherr said on the bank’s earnings call Wednesday that it closed its position in Uber in the fourth quarter...
- Goldman offers fresh details on overhaul progress as revenue slidesAnalysts also noted it was hard to find evidence that the overhaul was bearing fruit in the first quarter.
- How Donald Trump’s reviving ‘Government Sachs’At a forward price-to-earnings multiple of 12.3, some analysts think Goldman’s shares are now overvalued even though it’s below the bank’s ...
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