Goldman Sachs head of personal finance management Joe Duran outlines his 2023 market outlook and discusses the company’s “difficult decision” to cut 3,200 jobs at “Varney & Co. The asset management arm of Goldman Sachs Group Inc will make major cuts to the $59 billion in alternative investments that have impacted its earnings. Alternative assets …
Goldman Sachs announces reduction in investment in asset management Read More »
Q4 profit of T$295.9 billion vs. T$289.44 billion, analysts say Fourth-quarter revenue up 26.7% year-on-year to $19.93 billion Sees 2023 investments at $32-36 billion from $36.3 billion the previous year The company plans to increase its production abroad TAIPEI, Jan 12 (Reuters) – Taiwanese chipmaker TSMC (2330.TW) warned on Thursday that first-quarter revenue would fall …
TSMC cuts investment in 2023 after record fourth quarter as chip demand weakens Read More »
Massive layoffs and spending review for the Wall Street giant Cups in all major divisions expected, globally Asian wealth unit restructuring kicks off Wednesday layoffs NEW YORK/LONDON/HONG KONG, Jan 12 (Reuters) – Goldman Sachs (GS.N) began laying off staff on Wednesday as part of a sweeping cost-cutting campaign, with around a third of those affected …
Goldman job cuts hit investment banking and global markets hard Read More »
Illustration of Barron’s Staff Text size Over the past few weeks, I’ve gone from a passive investor to a kind of parlor corporate treasurer, looking for ways to boost my portfolio returns by a few basis points. I had to wrestle with the big questions, think hard about the bond market, and guess where inflation …
I changed my investment strategy this year and prepared for how it went Read More »
Former U.S. Treasury Secretary Steven Mnuchin thinks the stock market correction has turned positive, especially for tech companies that had “gone crazy” and now present good opportunities. But one overvalued tech bet he never liked was bankrupt crypto trading firm FTX, which crashed dramatically from a $32 billion valuation to filing for bankruptcy and crashing. …
Passed on investment in FTX, twice, says former Treasury Secretary Steve Mnuchin Read More »
Sequoia Capital just wrote down the value of its stake in cryptocurrency exchange FTX — a stake that was a minor percentage of Sequoia’s capital but last week likely represented one of the most unrealized gains. most important in the venture capital firm’s 50-year history. She alerted her sponsors in a letter she sent them …
Sequoia Capital brings its FTX investment down to zero dollars Read More »
Credit Suisse has unveiled sweeping plans to cut 9,000 jobs and raise billions of pounds from investors in a Saudi-led funding round as part of a scaled overhaul company intended to draw a line under a series of scandals and help it recover from a £3.5 billion loss. The announcement follows months of speculation over …
Credit Suisse will cut 9,000 jobs and seek billions in new investment Read More »
