Goldman Sachs CEO David Solomon said the “business community understands” what President Trump is “trying to do with tariffs” — though he added that executives are “always going to want lower tariffs everywhere.” Solomon’s comments to Fox Business Network’s Maria Bartiromo on Wednesday came just a week after he said that Trump is seeking to … Read more
JPMorgan Chase CEO Jamie Dimon defended his position against remote work to a group of college students, telling them that telework “doesn’t work in our business.” Dimon, 68, said he “had enough” of virtual working when speaking to students at Stanford University’s Graduate School of Business last week. A student asked the bank executive about … Read more
Skydance is calling out a rival bidder for Paramount for allegedly attempting to derail the Hollywood studio’s merger with the media giant, claiming it has uncovered proof of “fraud” and “misrepresentation” in an $8.8 billion competing offer. Rival investor consortium Project Rise Partners has allegedly “fraudulently misrepresented itself” to the Delaware Chancery Court, according to … Read more
The “Magnificent 7” tech stocks saw huge losses in the past week as President Trump’s threatened tariffs stoked volatility in the markets – but these initial shocks are a “textbook correction” that will likely ease as permanent policies lock into place, experts told The Post. The group of tech giants – Tesla, Nvidia, Alphabet, Meta, … Read more
An ex-JPMorgan Chase executive testified in London court that Jeffrey Epstein knew more about what was going on at the top levels of the bank than he did. Jes Staley — who went on to become chief executive of Barclays following his stint at JPMorgan — claimed that Epstein, the convicted child sex offender and … Read more
Wall Street continued its slide amid growing worries of a possible recession as President Trump ramped up a trade war with Canada and Citigroup warned that US stocks look poised to underperform markets overseas. The Dow Jones Industrial Average on Tuesday fell by nearly 600 points before paring back some of its losses at the … Read more
CBS on Monday urged the Federal Communications Commission to reject a complaint over a “60 Minutes” interview with then-Vice President Kamala Harris, saying the agency has no lawful role in policing broadcast news editorial decisions. CBS, which is owned by Paramount Global, said sanctioning the company over the interview “would blatantly violate the First Amendment by … Read more
Wall Street is puking big time, and the sell buttons are working overtime whenever the word “tariff” passes from Donald Trump’s lips. If you listen to the fat cat community long enough, you’d think Trump has been in office four years rather than four weeks, and that a small trade surcharge on a car from … Read more
Delta Air Lines on Monday slashed its first-quarter profit estimates by half, sending its shares down 14%, and its CEO said the environment had weakened due to US economic uncertainty. The Atlanta-based airline is the first major US carrier to report that mounting economic worries among consumers and businesses are hurting domestic travel. “We saw companies start … Read more
Wall Street faced a rough start to the trading week, with major indexes tumbling as investors reacted to President Trump’s worrying comments in which he refused to rule out a recession. The Dow Jones Industrial Average, the Nasdaq Composite and the S&P 500 all posted significant declines on Monday, with the tech sector leading the … Read more