Goldman Sachs

The international investment bank Goldman Sachs agreed to pay $2.9 billion and admit wrongdoing for its involvement in the plundering of an economic development fund meant to benefit Malaysia, under the terms of a settlement announced Thursday by the U.S. Justice Department. Instead of helping develop Malaysia’s economy, the fund’s overseers embezzled roughly $4 billion and bought real estate...

A federal face mask mandate would not only cut the daily growth rate of new confirmed cases of Covid-19, but could also save the U.S. economy from taking a 5% GDP hit in lieu of additional lockdowns, according to Goldman Sachs.

Apple investors have speculated for years about the possibility that Apple could sell hardware, like the iPhone, on a subscription basis. It’s been a hot topic of conversation among analysts because investors tend to value the predictability of recurring revenue.

Apple investors have speculated for years about the possibility that Apple could sell hardware, like the iPhone, on a subscription basis. It’s been a hot topic of conversation among analysts because investors tend to value the predictability of recurring revenue.

The Fed is expected to announce Wednesday that it is cutting its benchmark interest rate by one quarter of a percentage point, its third rate cut this year. “When the Fed raises or reduces the cost of money, it affects interest rates across the board,” said Greg McBride Bankrate’s chief financial analyst. “One way or another, it’s going to impact...

Buried in the fine print for the new Apple credit card is what’s called an “arbitration provision.” What that means is that in the event of a dispute with Apple or Goldman Sachs, the bank that actually manages the card and handles the financing, you might have forfeited your right to sue either company. Instead, Goldman Sachs or Apple can...

The Apple Card is now available to all U.S. customers, the company said Tuesday. Apple announced the full launch of its new iPhone-integrated credit card, a joint venture with Goldman Sachs, on its website Tuesday. Previously, a limited number of customers were invited to apply for the card early in a “preview.” IPhone users can now apply for the card...

The Apple credit card designed primarily for mobile use is here. Some iPhone users who requested a notification about Apple Card will get invites Tuesday to apply through Apple’s Wallet app. The company plans to expand sign-ups more broadly in coming weeks. The card, announced in March in partnership with Goldman Sachs, is available only in the U.S. The company...

Stocks surged on Tuesday, climbing back from a big rout in the past month, after Federal Reserve Chairman Jerome Powell signaled the central bank was open to easing monetary policy to save the economy and as trade tensions eased amid comments by China and Mexico. The Dow Jones Industrial Average surged 512.40 points, or 2.1% to 25,332.18. The S&P 500...

Stocks surged on Tuesday, climbing back from a big rout in the past month, after Federal Reserve Chairman Jerome Powell signaled the central bank was open to easing monetary policy to save the economy and as trade tensions eased amid comments by China and Mexico. The Dow Jones Industrial Average surged 512.40 points, or 2.1% to 25,332.18. The S&P 500...

A growing list of multinational banks are banning employees from staying at hotels owned by the Sultan of Brunei, where homosexuality and adultery is punishable by death. J.P. Morgan, Goldman Sachs and others — called to task by celebrities like Elton John, George Clooney and Ellen DeGeneres — have barred staff from staying at properties owned by the Dorchester Collection...

Boeing is already estimating a $1 billion increase in costs related to its troubled 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner, which remains grounded after two crashes that killed 346 people. The $1 billion figure is a conservative starting point. It covers increased production costs over the next few years but...

The heiress to the Seagram’s liquor fortune has pleaded guilty in connection with the alleged NXIVM sex-trafficking cult case. NXIVM’s alleged bookkeeper is also expected to plead guilty, sources say.

The heiress to the Seagram’s liquor fortune and another woman are expected to plead guilty Friday afternoon in Brooklyn in connection to the alleged NXIVM sex-trafficking cult case, according to official sources. Michael George reports.

Apple is rolling out a credit card that it says is designed to do things no other card can. So how does it actually stack up? It looks different from a traditional credit card — there’s no number on the front and the users’ name is etched in metal. The card expands the company’s digital Apple Pay services, marrying the...

It took a while, but finally — and with the carefully curated help of Oprah, Big Bird and Goldman Sachs — Apple has at last unveiled a new streaming TV service, its own branded credit card and a news subscription product. The moves have been largely expected and so far don’t appear to drastically alter the competitive landscape the way...

New Jersey Gov. Phil Murphy unveiled his second budget Tuesday, calling for about $1 billion in increased spending that would be financed by higher income tax rates on wealthy residents and savings in public worker benefits.

Employees in New Jersey will now be able to get 12 weeks of paid family leave. Brian Thompson reports.

U.S. stocks plunged on Monday in their worst Christmas Eve trading ever, as the S&P 500 entered a bear market, CNBC reported. The Dow Jones Industrial Average dropped by 653 points, falling below 22,000. The S&P 500 fell 2.7 percent and the Nasdaq Composite Index slid 2.2 percent. Investor confidence has been weighed down by turmoil in Washington, and the markets responded.

The major U.S. stock indexes fell sharply on Tuesday and turned negative for the year as a decline in Target shares pressured retailers, while the most popular tech shares dropped again. The Dow Jones Industrial Average dropped 606 points and the S&P 500 plunged 2 percent. The Nasdaq Composite also dropped more than 2 percent. The Dow and S&P 500...