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Goldman Sachs Chief Executive David Solomon warned of a softer third quarter for the bank’s fixed-income trading business, while its equities and asset-management businesses remained strong. Goldman’s fixed income, currencies and commodities business has been softer than its equities business, which “continues to be very strong,” Solomon said at a financial-services conference hosted by Barclays. In asset and wealth management, Solomon said Goldman was exceeding its growth target of high-single digit percentages.

A healthy deal pipeline has not prevented management from forecasting weaker third-quarter investment-banking revenue.

Ethereum has swung from a yearly high near $3,100 to a February low and back again, and now traders face a Fed rate hike, wavering ETF flows, and a major network upgrade all converging in the next 15 days before Q4 begins.

Costco said Thursday it's partnering with DoorDash to offer delivery from its U.S. warehouse stores. DoorDash already offers Costco delivery in a few markets, including Australia, Sweden and Puerto Rico. DoorDash said it will deliver groceries, household items and electronics from all of Costco’s U.S. stores.

Stocks took a sharp turn and ended Wednesday's trading session lower after the Federal Reserve delivered a quarter-point increase in interest rates. The Dow tumbled 1.2% or 630 points. The S&P 500 dropped 0.

Bitcoin and crypto stocks fell Wednesday as Fed rate news, Clarity Act failure sour week. Cipher Digital surges on Texas energy win.

Investing.com -- Goldman Sachs Group Inc. (NYSE:GS) shares fell 4% Wednesday after Chief Executive Officer David Solomon warned of softer fixed-income trading and higher expenses during the third quarter.

Investing.com -- Boeing (NYSE:BA) shares fell 6% Wednesday after President and Chief Executive Officer Kelly Ortberg spoke at the Morgan Stanley Laguna Conference, where he outlined several challenges facing the aerospace manufacturer.

A group of 10 banks is providing a $22 billion chip loan to support Blackstone Inc. and Alphabet Inc.’s new cloud venture Crux AI, the latest mega-debt deal in the race to finance the expensive processors crucial to artificial intelligence.

A $700,000 JEPQ position clears a $75,000 retirement budget today, but inflation-adjusted withdrawals over a decade expose a flaw baked into the fund's design that monthly distributions alone cannot fix.

Fed Chairman Kevin Warsh did nothing to quell the bond market angst. Bond traders expected the Fed to raise interest rates. That should have quelled some angst and raised bond prices. Instead, the 10-year yield is elevated and above 5% mark.

The networking company also expects adjusted operating margins of 32% to 35% and free cash flow margins of about 20% by fiscal 2029.

Fed Chairman Kevin Warsh didn’t give market participants much hope that Wednesday’s rate increase would be a one-and-done event. Asked whether he thinks monetary policy is weighing on economic activity following the hike, Warsh said that he “found it difficult to describe financial conditions as restrictive” and that most of his colleagues at the Fed agree.

The Federal Reserve delivered the quarter-point rate hike Wall Street expected Wednesday. But its new projections suggest the Fed isn’t done: 16 of 18 policymakers see at least one more increase this year. The Fed unanimously raised its target rate...

Stocks ticked lower during Fed Chairman Kevin Warsh's press conference. The Dow Jones Industrial Average fell 1.4% or 702 points. The S&P 500 fell 0.7% as the Nasdaq Composite slipped 0.3%, erasing gains seen earlier in the session.

Bank of America sees the company’s planned split changing how investors value it, with one business standing out.

A stock-market selloff intensified after Fed Chairman Kevin Warsh signaled the U.S. economy is robust, raising the possibility of more rate hikes ahead. The Dow fell by around 1%, while the Nasdaq and S&P 500 both gave up earlier gains.

The Federal Reserve raised its benchmark rate by a quarter point to a target range of 3.75%–4%, citing persistent inflation

US Equity indexes were mixed ahead of the close on Wednesday after the Federal Open Market Committee

RH, Birkenstock, and Capri Holdings shares have all declined this year despite revenue growth, as investors weigh luxury brand strength against tariffs, debt, and shrinking margins.

Crypto volatility is likely to remain elevated as investors weigh the Federal Reserve’s monetary policy decis...

Goldman Sachs Group Inc. Chief Executive Officer David Solomon cautioned that the bank’s fixed-income trading business is softer than in past quarters and that expenses are running higher across the firm.

Bloomberg's Mike Shepard said President Trump's opposition to AI guardrails is another instance of his anti-regulation position across all industries, as well as his closeness with Nvidia CEO Jensen Huang who recently pushed back on fears about AI safety. Shepard said that President Trump is also looking to his meeting with China's President Xi and wants no obstacles around AI heading into that conversation.

Another chipmaker’s newest processor claims faster AI and stronger gaming performance.

Markets had widely expected the Fed to raise interest rates on Wednesday, and investors seem to be happy that the central bank followed through on those expectations. Looking at the so-called "dot plot," it looks like the Fed is embarking on short adjustment cycle, with the majority of officials only penciling in one interest rate hike later this year and no movement in 2027. Officials moved up their forecast for economic growth and lowered their projections for unemployment rate.

Beginning Oct. 14, the two sides will try to reach a deal that will allow the massive merger to advance.

The bond market's reaction to the Fed decision has so far been nothing to write home about. The Fed raised interest rates, a decision that was unanimous. Bond yields, both on the 2- and 10-year, were lower ahead of the decision.

The Federal Reserve on Wednesday raised its benchmark lending rate by 25 basis points, marking its f

The stock market was little changed after the Federal Reserve raised interest rates at its September policy meeting. The Nasdaq Composite rose 0.7%. The central bank announced it would increase its target to the federal funds rate to 3.75% to 4%.

The data-center buildout just got more expensive. The Fed’s quarter-point rate increase will likely add to the already substantial borrowing costs for the tech firms that are taking on massive amounts of debt to construct the infrastructure needed to power the artificial intelligence revolution. It’s no secret that building data centers is expensive.