Wall Street’s Comeback Kid Among the six largest U.S. banks, Goldman Sachs stands out due to its heavy reliance on investment banking and trading for revenue generation. The firm’s performance…
Tag: trading the news
NY Manufacturing Declines, Employment Drops, Firms Remain Optimistic
Employment Continues to Decline The employment situation worsened, with the number of employees index at -7.9, marking another month of job contraction in the sector. The average workweek index hovered…
The Week Ahead: Will Powell and Lagarde Greenlight September Rate Cuts?
ZEW Economic Sentiment figures for Germany and the Eurozone will be in focus on Tuesday. Recent services PMIs from the Euro area signaled a weakening economic environment. Deteriorating sentiment toward…
JPMorgan Chase Beats Q2 Expectations Amid Economic Uncertainty
Daily JP Morgan ChaseMarket Reaction and Analyst Expectations Despite the strong earnings report, JPMorgan’s shares declined by 0.80% in premarket trading. This reaction may reflect investors’ concerns about the broader…