logo
Goldman to forgo second round of job cuts as outlook improves, FT reports

Goldman to forgo second round of job cuts as outlook improves, FT reports

Reuters4 days ago
July 24 (Reuters) - Goldman Sachs (GS.N), opens new tab has decided not to go ahead with a second round of broad performance-based job cuts this year after a better than expected recovery in investment banking, Financial Times reported on Thursday.
Reuters could not immediately confirm the report.
Goldman did not immediately respond to a Reuters' request for comment outside regular business hours.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

US and EU agree landmark trade deal after months of talks, Donald Trump says
US and EU agree landmark trade deal after months of talks, Donald Trump says

Scottish Sun

time18 minutes ago

  • Scottish Sun

US and EU agree landmark trade deal after months of talks, Donald Trump says

DEAL REACHED US and EU agree landmark trade deal after months of talks, Donald Trump says The US and EU have agreed on a trade deal, says US President Donald Trump. Trump announced the deal as he hosted EU chief Ursula von der Leyen at one of his golf resorts in Scotland. Advertisement 1 Trump says the US and EU have reached a trade deal Credit: Reuters "We have reached a deal. It's a good deal for everybody," Trump said. "It's going to bring us closer together... it's a partnership in a sense," he added. Meanwhile, von der Leyen hailed it as a "huge deal", which came after "tough negotiations". The US and EU have longed enjoyed one of the world's largest trade relationships. Advertisement Total trade in goods between the EU and US totalled around $975.9bn (£751.4bn) in 2024, estimates say. The US imported about $606bn (£451bn) worth of goods from the EU and exported around $370bn (£276bn) last year. Trump has said this trade deficit means the US is "losing". More to follow... For the latest news on this story, keep checking back at The U.S. Sun, your go-to destination for the best celebrity news, sports news, real-life stories, jaw-dropping pictures, and must-see videos. Advertisement Like us on Facebook at TheSunUS and follow us on X at @TheUSSun

Report: Dolphins, Minkah Fitzpatrick agree to reworked deal
Report: Dolphins, Minkah Fitzpatrick agree to reworked deal

Reuters

timean hour ago

  • Reuters

Report: Dolphins, Minkah Fitzpatrick agree to reworked deal

July 27 - The Miami Dolphins and All-Pro safety Minkah Fitzpatrick agreed to a reworked contract, ESPN reported on Sunday. Fitzpatrick will receive a $16.435 million signing bonus and Miami will save $11 million against the 2025 salary cap, per the report. The Dolphins acquired Fitzpatrick from Pittsburgh last month in a trade that sent cornerback Jalen Ramsey and tight end Jonnu Smith to the Steelers. Fitzpatrick signed a four-year, $73.6 million extension with the Steelers in 2022 and hopes to eventually sign a long-term deal with Miami, according to agent Drew Rosenhaus. "We are comfortable with this commitment to Minkah as we continue to work with the Dolphins on a multiyear extension," Rosenhaus told ESPN on Sunday. Fitzpatrick, 28, is a five-time Pro Bowl and three-time All-Pro selection who launched his career in Miami as a first-round pick (11th overall) in the 2018 NFL Draft. Fitzpatrick recorded 96 tackles and one interception in 17 starts last season. He has 20 picks, 54 passes defensed and 608 tackles in 106 career games (101 starts) with the Dolphins (2018-19) and Steelers. --Field Level Media

Simple savings habit helps Americans dodge recession and build wealth
Simple savings habit helps Americans dodge recession and build wealth

Daily Mail​

timean hour ago

  • Daily Mail​

Simple savings habit helps Americans dodge recession and build wealth

Americans have been surprisingly strategic with their cash. New research finds that more US consumers are shifting money out of traditional checking and savings accounts and into financial vehicles that offer investment income. It's a trend that helps explain the surprising strength of the US economy — which continues to grow despite high inflation and uncertainty around tariffs. The analysis, conducted by the JPMorganChase Institute, examined the accounts of 4.7 million households. Researchers found that when including brokerage accounts, money market funds, and certificates of deposit, people's total cash reserves are actually rising. That finding offers a fresh perspective at a time when standard bank balances, adjusted for inflation , remain flat and historically low. 'Families across many income bands are now seeing a turnaround in their total cash,' said Chris Wheat, president of the institute. The shift explains a previously puzzling economic contradiction: consumer spending has remained strong , even though checking and savings balances appeared stagnant. So far, this earnings season, companies have continually reported that consumers keep spending cash at record numbers. GM reported a seven percent increase in US car sales . Hasbro said its revenue also shot up seven percent. Delta Airlines beat Wall Street's profit guidance. Some consumers have even had cash lying around to invest in new meme stocks . But that continued spending and stagnant wage growth might have just been a product of Americans making smarter financial moves. Wheat also noted that in today's higher-interest environment, consumers parking cash in accounts that yield returns, rather than making risky, long-term investments. Still, he cautioned that the trend might be temporary, and it's unclear whether it will continue. JPMorganChase Institute also uncovered that the investment shifts were more popular for middle- and high-income earners. The analysis also found that households earning under $35,000 saw their total cash balances increase at an annual rate of 5 to 6 percent. It found the lowest income quartile typically holds just over $1,000 in bank accounts. The median balances of the highest income quartile exceed $8,000.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store