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The Latest Breaking News from David Solomon

Goldman Sachs’ David Solomon on whether AI is a bubble: Maybe, but ‘it’s not different’ from all the other market manias

“There will be a lot of capital that was deployed that didn’t deliver returns,” said Solomon, one of the top CEOs on Wall Street. “It’s not different this time.”

Fortune

Goldman Sachs doubles down on tariff research that infuriated Trump, saying average Americans will bear two-thirds of the costs

“We stand by the results of this study,” Goldman economist David Mericle told CNBC’s Squawk on the Street on Wednesday.

Fortune

Is MAGA going Marxist and Maoist? Trump's assault on free-market capitalism

Many business leaders are horrified at the prospect of New York City turning socialist under Zohran Mamdani, but Trump's assaults on free-market capitalism make him look like John D. Rockefeller.

Fortune

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'Maybe, he ought to just focus on being a DJ': Trump rips Goldman Sachs CEO

Trump insisted "Trillions of Dollars are being taken in on Tariffs.” Several sources calculate the trillion-dollar mark to be years away.

Fortune

Trump Vs. DJ D-Sol: President Tells Goldman Sachs CEO David Solomon To 'Focus On Being A DJ' Instead Of Finance

Shares of Goldman Sachs Group (NYSE:GS) hit new all-time highs Tuesday, which might come as a surprise given an attack against the company and their CEO David Solomon by President Donald Trump.

Benzinga

Trump fumes and again insists companies pay tariffs not consumers as he bashes criticism of his plan

‘Consumers aren’t even paying these Tariffs, it is mostly Companies and Governments,’ Trump continues to claim.

The Independent UK

Trump Slams Powell, Defends Tariffs As Economists Eye Fed Cuts

U.S. inflation in July offered a split verdict for policymakers, with cooling headline prices but hotter core readings, fueling market bets on a September Fed rate cut and prompting President Donald Trump to publicly pressure Jerome Powell once again.

Benzinga

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London’s status as financial hub ‘fragile’, warns Goldman Sachs boss

IN FULL

The Independent UK

Brexit has left City of London’s reputation at risk, Goldman Sachs chief warns

David Solomon warned Goldman Sachs is turning its attention towards the continent

The Independent UK

Goldman Sachs Profits Jump As CEO Eyes More Merger Activity

Goldman Sachs reported a jump in second-quarter profits Wednesday behind significant increases in financial advisory revenues that chief executive David Solomon said could presage an uptick in dealmaking.

International Business Times

Rishi Sunak takes advisory role with Goldman Sachs while serving as MP

Conservative former PM to be restricted from lobbying government for another year and will give salary to charity

The Guardian - UK

Carried interest is no longer just for PE firms. A new wrinkle for executive comp at BlackRock and Goldman Sachs could become the norm across finance

Carried interest is no longer just for PE firms.

Fortune

A record 360,000 students applied for a Goldman Sachs internship this year—and fewer than 1% were accepted

Being an intern at the investment bank is often a ticket to the upper realms of finance.

Fortune

Trump’s tariffs fueled unhealthy uncertainty, but soon markets will ‘settle down,’ says Goldman CEO David Solomon

CEOs are tightening their belts because of the current market uncertainty, Solomon said.

Fortune

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The Conversation

Trainwrecks and triumphs: the 10 best books about the political campaign trail, chosen by experts

Phantasmagorical policy promises, TV meltdowns, gonzo journalists … political campaigns were once the stuff of passion and high drama. We asked 10 experts to nominate their favourite book about the hustings hustle.

International Business Times

Goldman Sachs Profits Rise On Strong Equity Trading Results

Goldman Sachs reported Monday higher first-quarter profits on strength in equity trading, offsetting a hit from losses in investments on public stock markets.

The Guardian - UK

Goldman Sachs boss says chances of US recession have increased after Trump tariffs

David Solomon warns that escalating trade war poses ‘material risks’ for US and global growth

Fortune

Goldman CEO David Solomon says fears over the trade war mean ‘material risks for the U.S. and global economy’ on Q1 call

Despite 22% drop in advisory fees, Goldman's Q1 beats Wall Street expectations

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Fortune

Goldman Sach's David Solomon says despite uncertainty, U.S. economy is still in 'good shape'

David Solomon pointed to the country's 'huge, diverse, powerful economic engine' that can withstand shocks better than 50 years ago.

The Independent UK

Stacey Solomon says her five children will have to ‘forge their own paths’ instead of inheriting her millions

‘They’re fully aware that it’s not going to be given to them,’ said ‘Sort Your Life Out’ presenter

Fortune

Who could succeed David Solomon as Goldman Sachs' CEO?

The Goldman Sachs CEO succession race isn't over until it's over, but there appears to be a clear frontrunner. Here's who is seen as a contender to follow David Solomon.

Fortune

Goldman, Nasdaq diversity rules are over

Diversity standards at Goldman and Nasdaq were powerful—but are now gone.

Fortune

DEI has fallen out of favor—but many CEOs still have their pay tied to pursuing its goals

Companies pledged to pay execs for hitting DEI-related goals, but now that “DEI” is on the outs, companies are giving their plans a facelift.

Fortune

Goldman Sachs CEO says that AI can draft 95% of an IPO prospectus in minutes

It used to take two weeks for a team of six bankers to do the same task, Goldman Sachs CEO David Solomon said.

Fortune

Goldman Sachs share price soars on Q4 earnings, but CEO sounds caution on Trump policies

Goldman’s profit roughly doubled in Q4 thanks in large part to surging revenues from deal-making, underwriting, and trading.

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