Wall Street

Banking

Goldman Sachs Sees Profits Plummets Amid Consumer Pivot

(Photo by Connor Lin/The Daily Upside)

Goldman Sachs saw its profits slump 33% in its latest quarter, as the bank continues retreating from the consumer banking sector.

2 min read

(Photo Credit: Joshue Hoehne/Unsplash)

Personal Finance

Hiring Slowdowns Have MBA Grads Scrambling for a Plan B

With economic uncertainty looming over the finance industry, a handful of the most popular firms have cut back their MBA hiring efforts.

2 min read
(Photo Credit: Viktor Bystrov/Unsplash)

Finance

Carl Icahn’s Big Bet Against Shopping Malls Hasn’t Exactly Worked Out

Wall Street legend Carl Icahn bet big and — so far — has lost big on a wager against US shopping malls by way of a risky derivative strategy.

2 min read
(Photo by m. on Unsplash)

Indicators

Recession Increasingly Unlikely, WSJ Economist Survey Finds

In The Wall Street Journal’s quarterly survey of economists respondents pegged the chance of a recession in the next year at just 48%.

2 min read

OP-ED | Power Corridor

SBF’s Adventures in Wonderland

Photo by Pavel Danilyuk on Pexels

Experts weigh in on how the crypto king, Sam Bankman-Fried, got lost in the casino.

6 min read

SBF trial, Caroline Ellison

OP-ED | Power Corridor

Multibillion-Dollar Trial Not Going So Well for Sam Bankman-Fried

Star witness and Sam Bankman-Fried’s former girlfriend of Sam Bankman-Fried, Caroline Ellison, says he directed the crimes.

2 min read
(Photo by National Cancer Institute on Unsplash)

Artificial Intelligence

Google Launches Search Engine for Medical Records

Google’s cloud division says it’s launching a new AI-powered tool designed to rifle through and compile patients’ medical records.

1 min read
“Photo by Steve Jurvetson under CC BY 2.0”

Power Corridor

Life After Epstein at America’s Top Bank

JP Morgan, the largest bank in America, with more than $3 trillion in assets, settles all Epstein lawsuits.

5 min read

Finance

Goldman Sachs Launches Platform for Third-Party ETFs

(Photo by m. on Unsplash)

Goldman Sachs launched its ETF accelerator platform, intended to help smaller third-party funds enter the $10 trillion market.

1 min read

(Photo by Scott Webb on Unsplash)

Real Estate

Mortgage Rates Inch Toward 8% and Nobody’s Happy About it

US mortgage rates have climbed past 7.5% — further tightening an increasingly impossible-to-crack housing market.

1 min read
Photo by Cointelegraph under CC BY 3.0

Power Corridor

How Much Did SBF’s Parents Know?

Sam Bankman-Fried’s trial is shaping up to be one of the biggest show trials on Wall Street since Bernie Madoff. Did SBF’s parents know?

4 min read
Photo by Martin Ceralde on Unsplash

OP-ED | Power Corridor

Wall Street’s Top Banks Fined $53 Million in Regulatory Spanking

Wall Street’s Top Banks Fined – CFTC ordered Goldman to pay $30 million, JP Morgan $15 million, and Bank of America $8 million.

2 min read

Consumer

Macy’s is Pivoting From its Legacy of Anchoring Malls

(Photo by Vladan Raznatovic on Unsplash)

Macy’s is going less colosseum and more cozy in a cost-cutting shift away from large locations in malls and into small-format stores.

2 min read

Photo by U.S. Department of Agriculture under Public Domain Mark 1.0

OP-ED | Power Corridor

Supreme Court’s Greatest Decision Yet: How to Be Ethical

With record low public approval rates, America’s highest court faces an existential crisis, with Clarence Thomas front and center.

7 min read
(Photo by Aditya Vyas on Unsplash)

Markets

The Market Might Be Losing its Mojo

On Tuesday, the S&P 500 and the Nasdaq 100 both sank to their lowest respective levels in three months. What has investors so anxious?

2 min read
Photo by Tima Miroshnichenko on Pexels.

Patent Drop

JPMorgan Chase Brings Quantum to Wall Street

JPMorgan Chase may be looking past the current AI craze for optimization, setting it’s sights on quantum computing.

2 min read

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