Goldman CEO Solomon Warns Of 'Markedly Different Operating Environment' As Dealmaking Slows
Investment banking fees slowed at Goldman Sachs (GS) in the first quarter even as trading volatility helped lift overall revenue and profits.
Investment banking fees slowed at Goldman Sachs (GS) in the first quarter even as trading volatility helped lift overall revenue and profits.
JPMorgan Chase (JPM) CEO Jamie Dimon called a US recession a "likely outcome" amid the turmoil triggered by President Trump's tariffs.
Chase CEO Jamie Dimon said that sweeping tariffs imposed by U.S. President Donald Trump will probably lead to a recession and defaults by borrowers.
Traders should temper their bets that the Federal Reserve will ramp up interest-rate cuts to mitigate the effects of Donald Trump’s trade conflict.
The recent sell-off in equities and the reintroduction of tariffs under Trump’s proposed policies have reignited fears of a U.S. recession in 2025.
Once considered a worst-case scenario, stagflation may now represent the most optimistic outcome for markets.
CEO Larry Fink on Monday said stocks could go down another 20% and that "most CEOs I talk to would say we are probably in a recession right now."