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Goldman Sachs Puts David Solomon in Line to Be Next CEO

Goldman Sachs Puts David Solomon in Line to Be Next CEO

Goldman Sachs said Monday that Co-Chief Operating Officer Harvey Schwartz will step down next month, paving the way for David Solomon to be groomed as the next chief executive of the bank.

Published 5 months ago

Harvey Schwartz out of Goldman succession race

Harvey Schwartz out of Goldman succession race

Departure leaves David Solomon as frontrunner for CEO job

Published 1 second ago

America v China: How trade wars become real wars

America v China: How trade wars become real wars

The world’s two largest economies are sliding towards confrontation

Published 1 second ago

March Madness: Create your NCAA tournament bracket in 60 seconds

March Madness: Create your NCAA tournament bracket in 60 seconds

Choose your priorities and watch the machine create your NCAA tournament bracket

Published 5 months ago

Tillerson Cuts Short Africa Trip Amid ‘Pressing Demands’ in the U.S.

Tillerson Cuts Short Africa Trip Amid ‘Pressing Demands’ in the U.S.

U.S. Secretary of State Rex Tillerson will cut short his first Africa tour and return to the U.S. a day earlier than planned, amid two major policy announcements by President Donald Trump—both with foreign- affairs implications.

Published 5 months ago

Dropbox set for valuation of about $7.5bn ahead of IPO

Dropbox set for valuation of about $7.5bn ahead of IPO

Cloud storage company announces private placement sale to Salesforce

Published 1 second ago

Trump Tariffs May Threaten U.S. Auto Jobs, European Executives Warn

Trump Tariffs May Threaten U.S. Auto Jobs, European Executives Warn

Europe’s automotive chiefs are warning that if President Trump imposes prohibitive duties on imports, they could be forced to curb investment in their U.S. factories, threatening American jobs.

Published 5 months ago

Dropbox Sets IPO Target Valuation at $7 Billion to $8 Billion

Dropbox Sets IPO Target Valuation at $7 Billion to $8 Billion

Dropbox set a valuation target between $7 billion and nearly $8 billion ahead of its initial public offering, which is set to be one of the biggest tech IPOs in the past few years

Published 5 months ago

Hedge funds amass big bets against world’s leading advertisers

Hedge funds amass big bets against world’s leading advertisers

Short sellers’ $3bn position targets WPP, Publicis, Omnicom and Interpublic

Published 1 second ago

Why Spotify is risking an unconventional IPO

Why Spotify is risking an unconventional IPO

Decision to pursue direct listing will be watched in Silicon Valley and Wall St

Published 1 second ago

Miners Fight to Protect Commodity Gains From Increasing Costs

Miners Fight to Protect Commodity Gains From Increasing Costs

The world’s biggest miners, flush with profits from a recent commodity market rebound, are grappling with how to keep rising costs from eating into those hard-earned gains.

Published 5 months ago

Investors, Worried About End of Goldilocks Market, Pare Back Riskier Bets

Investors, Worried About End of Goldilocks Market, Pare Back Riskier Bets

Investors broadly remain bullish on stocks and other investments, but repeated bouts of market volatility in 2018 and signs of a pickup in inflation have forced them for the first time in several years to reassess their tolerance for risk.

Published 5 months ago

Senate Banking Bill Exposes Democratic Rifts

Senate Banking Bill Exposes Democratic Rifts

Moderate and liberal Democrats are quarreling over a Senate bill that eases rules for the banking industry, illustrating ideological party splits and offering a preview of diverging priorities ahead of 2018 and 2020 elections.

Published 5 months ago