Latest Goldman Sachs Group Inc News

As bond yields fall, S&P 500 dividends could lure investors

Aug. 15, 2019 11:34 AM EDT

NEW YORK (AP) — With bond yields plunging because of worries about the global economy, investors might turn their attention to companies in the S&P 500 paying some juicy dividends. The yield on the 10-year Treasury has been steadily falling all year and stood at 1.58% as of Wednesday. Meanwhile, the...

Trump delays tariffs on some Chinese goods until December

Aug. 13, 2019 6:57 PM EDT

WASHINGTON (AP) — Responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying most of the import taxes it planned to impose on Chinese goods and is dropping others altogether. The announcement Tuesday from the Office of the...

Malaysia charges 17 Goldman Sachs figures over 1MDB scandal

Aug. 9, 2019 5:39 AM EDT

KUALA LUMPUR, Malaysia (AP) — Malaysia filed criminal charges on Friday against 17 more current and former directors at three Goldman Sachs subsidiaries for their roles in the alleged multibillion-dollar ransacking of state investment fund 1MDB. Malaysian and U.S. prosecutors allege that bond sales...

Asian stocks mixed as Wall Street ends 5-day winning streak

Jul. 16, 2019 11:22 PM EDT

TOKYO (AP) — Asian stocks were mixed Wednesday as Wall Street ended a five-day winning streak after the first big round of corporate earnings reports. Japan's benchmark Nikkei 225 dipped 0.4% to 21,445.03 in morning trading. Australia's S&P/ASX 200 added 0.4% to 6,667.60. South Korea's Kospi dipped...

Domino's, Arrow fall while Blue Apron, Charles Schwab rise

Jul. 16, 2019 4:53 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday: JB Hunt Transport Services Inc., up $5.15 to $97.73 The trucking and logistics company's second quarter profit beat Wall Street's forecasts. First Horizon National Corp., up 99 cents to $15.79 The bank holding company's second...

Markets Right Now: Stocks break a 5-day winning streak

Jul. 16, 2019 4:11 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending broadly lower on Wall Street, breaking a five-day winning streak for the S&P 500 index. Technology companies posted some of the biggest losses Tuesday. Microsoft lost 1.3%. Some banks rose after...

JPMorgan Chase posts $9.7 billion profit, beating estimates

Jul. 16, 2019 9:47 AM EDT

NEW YORK (AP) — Banking giant JPMorgan Chase & Co. said Tuesday that its second quarter profits grew by 16% from a year ago, helped by lower taxes and the ability to charge businesses and consumers more to borrow money. The nation's largest bank by assets said Tuesday that it earned $9.65 billion, or...

Global shares edge up on upbeat US earnings reports

Jul. 16, 2019 8:34 AM EDT

TOKYO (AP) — Global stock markets were mostly higher on Tuesday after several major U.S. companies reported quarterly earnings that were better than expected. France's CAC 40 was up 0.6% to 5,611, while Germany's DAX was 0.4% higher at 12,432. Britain's FTSE 100 gained 0.5% to 7,566. U.S. shares looked set...

Goldman Sachs 2Q profit declines 6%, but beats estimates

Jul. 16, 2019 8:20 AM EDT

NEW YORK (AP) — Goldman Sachs said its second quarter profit fell 6% from a year earlier, as the Wall Street firm saw declines across most of its businesses. However the results were much better than what analysts' had forecast, pushing shares higher in premarket trading. The New York-based bank said it...

Asian shares mostly higher after Wall St sets new records

Jul. 12, 2019 12:19 AM EDT

BANGKOK (AP) — Shares in Asia are mostly higher after a turbulent day on Wall Street ended with the Dow Jones Industrial Average closing above 27,000 for the first time. Japan's Nikkei 225 index edged 0.1% higher to 21,674.14 and the Hang Seng in Hong Kong added 0.5% to 28,575.96. The Shanghai Composite...