citi Goldman Sachs JP Morgan Market News Op-ed wall street 

Wall Street Is Engineering Economic Disaster for Profit — Again

Wall Street expects big banks to post big profits on the interest from consumer credit balances soaring at unnerving record highs. According to Federal Reserve data, consumer debt at the 25 biggest banks ballooned to $1.9 trillion last year, fueled by credit cards. Is this the ‘macroprudence’ America was promised after the last financial crisis? Or reckless brinkmanship in the face of a looming recession? The S&P 500 posted another record high Monday. Wall Street is giddy on the sugar rush from the U.S. China trade truce. Analysts expect to…

Read More
Business News Cryptocurrency News facebook Goldman Sachs Op-ed 

Why Facebook & Goldman Sachs Keep Poaching Each Other’s Engineers

Some say that Silicon Valley is the new Wall Street, but could there be deeper reasons why tech companies like Facebook compete with banks like Goldman Sachs for engineers? It used to be banks that attracted the brightest. Before the financial crisis of 2008, Wall Street loved to hire mathematicians, physicists, and even rocket scientists to create innovative – and often very complex – financial products. They would design new derivatives and investment strategies and run quantitative risk models to project how these instruments would perform into the future. This…

Read More
bitcoin Bitcoin Regulation Crypto Goldman Sachs 

‘Super Interesting’ Bitcoin Needs US Govt Support First: Goldman Sachs

By CCN.com: Goldman Sachs is waiting to throw its hat in the cryptocurrency ring until the U.S. government gives the asset a thumbs-up, American Banker reports. At the DTCC conference this week, Martin Chavez, global co-head of the securities division at Goldman, outlined that we shouldn’t expect to see the investment bank get more involved with crypto until it has solid backing. That doesn’t mean they’re not interested in the technology, however. Chavez notes, “We still have things that take overnight or a couple of days. The service level agreement…

Read More
Dow Jones Goldman Sachs U.S. Market News 

Stock Market Looks Recession-Proof, So What’s Holding Back the Dow?

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. The Dow Jones Industrial Average held relatively steady on Wednesday. According to Goldman Sachs, the US stock market recovery is unlikely to run into a recession anytime soon. If that’s…

Read More