Goldman Sachs supported its general counsel, Kathy Ruemmler, after her emails with sex offender Jeffrey Epstein from years ago were released by a congressional committee. In the emails, Epstein and Ruemmler discuss President Donald Trump, former President Bill Clinton, and Facebook founder Mark Zuckerberg.
The PGIM Jennison Financial Services Fund advanced but underperformed the 3.4% return of the S&P 1500 Financials index during the quarter. Relative underperformance was largely driven by security selection within capital markets (especially LPL Financial, KKR, and Marex Group), financial services (primarily Adyen and Apollo Global Management), and banks (Pinnacle Financial Partners). On the ups...
BDCs have had a rough year so far. Yet, Q3 earnings data points indicate that the tide could be turning. While there are some tangible improvements in BDC business environment, many risks remain open.
Kim Kardashian's Skims is now valued at $5 billion after a new funding round. The brand plans to use the money to fund an expansion of physical stores.
The Dow Jones Industrial Average offers too small a sample size for many to be an effective gauge of how well the stock market is doing on any given day.
Pharmaceutical giant Merck has been prepping for the end of exclusivity for its leading drug. Verizon may not offer much in the way of growth, but it more than makes up for it with income.
Wall Street lender Goldman Sachs will promote 638 executives to managing director next year, the highest since 2021, a company memo said, as the bank benefits from a pickup in investment banking across the industry.
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