Goldman Sachs Group Inc's profits fell 72 percent and one of the few businesses that performed well for the bank -- investments and trading with its own funds -- faces regulatory restrictions in the future.
U.S. stocks advanced on Tuesday as stronger-than-expected report on new home starts and encouraging quarterly results from Johnson & Johnson buoyed sentiment.
Goldman Sachs Group Inc posted a 72 percent decline in quarterly earnings as trading revenue dropped, and the bank cautioned that its businesses face headwinds.
Goldman Sachs Group Inc posted a 72 percent drop in first-quarter profit to shareholders as it made less money from trading bonds for clients. The largest U.S. investment bank posted a profit to common shareholders of $908 million, or $1.56 per share, compared with $3.3 billion, or $5.59 per share, in the same quarter a year ago.
U.S. stock index futures edged higher on Tuesday as investors searched the latest raft of corporate profits for a reason to rebound from Monday's selloff.
U.S. stocks advanced on Tuesday, led higher after Goldman Sachs and Johnson & Johnson reported solid earnings.
U.S. stocks advanced on Tuesday, led higher after Goldman Sachs and Johnson & Johnson reported solid earnings.
U.S. stocks advanced in early trade on Tuesday, following better-than-expected housing data and encouraging quarterly results from Goldman Sachs and Johnson & Johnson.
[Selling silver short] natural with these giddy prices, one London trader told the Platts news service on Monday. Speculators are going to have to take profits soon. Shorts have been burned in the run-up, but keep coming back for more, he said, forecasting a $10 drop in the Silver Price short term.
Goldman Sachs Group Inc posted stronger-than-expected quarterly profit, earning more money from bond trading than analysts had forecast.
U.S. stocks were poised for a higher open on Tuesday after Goldman Sachs and Johnson & Johnson reported solid earnings.
Goldman Sachs Group Inc posted a 72 percent decline in first-quarter profit as it made less money from trading bonds for clients.
Goldman Sachs Group Inc is expected to report sharply lower quarterly earnings due to weak trading results and a charge for buying back preferred stock from Warren Buffett's Berkshire Hathaway.
Stock index futures pointed to a slightly lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.1 percent, Dow Jones futures down 0.1 percent and Nasdaq 100 futures down 0.1 percent at 0733 GMT.
Gold jumps to new record highs over $1480 US dollar per ounce on Friday as Asian demand is unstoppable. Silver is holding near its earlier 31-year high at $42.64.
The securities regulator is in talks with major Wall Street banks to settle fraud allegations relating to the sale of toxic mortgage bonds to various investors that helped unleash the financial crisis, the Wall Street Journal reported, citing sources familiar with the matter.
Prices to Buy Silver and gold jumped at the start of Asian trade on Friday, hitting new 31-year and all-time Dollar records respectively, as Beijing reported a surge in China's growth and inflation rates.
The Dow and S&P edged higher in late trading on Thursday as concerns about higher inflation prompted investors to buy staples and health shares, but a Senate investigation of Goldman Sachs hurt financials.
Glencore’s planned IPO prices the company at $55 billion. This incredibly high valuation is probably shocking to the many people who have never heard of Glencore before. But $55 billion, as large a figure as that is, doesn’t even begin to describe just how powerful it is.
Stocks slipped on Thursday as Goldman Sachs pulled financials lower and an unexpected rise in jobless claims added to bearish sentiment that put the S&P on track for its fifth day of losses in six.
Stocks fell on Thursday after an unexpected rise in jobless claims and concerns about higher inflation overseas pushed investors toward defensive stocks.
In a frenzy to protect its interests at the start of the credit crisis, Goldman Sachs Group Inc sold mortgage-linked derivatives to clients at inflated prices and misrepresented the nature of the deals, according to documents released by a Senate subcommittee.