Goldman Pays Up for Talent, Sending Profits Down

It’s time to pay the bill due to the pesky Wall Street pandemic. Investment banking units across the industry have had huge results in the pandemic, first from nervous companies that wanted to increase debt and then from confident executives who wanted to expand their empires. The tumultuous markets have pushed trading returns skyrocketing. Companies … Read more

Stocks Fall as Bond Yields Hit Two-Year High

US stock indices fell on Tuesday and bond yields hit a two-year high, as investors worry about whether the Federal Reserve will raise interest rates more quickly and aggressively than expected. Investors, on the weekend that markets were closed on Monday, sold stocks across the board. All three indices slipped, with the S&P 500 down … Read more

Brace for a volatile 2022, but cling to this tech stalwart when the storm comes, says investment adviser

The pain is piling up on stock investors after a long weekend in the US, with bond yields at levels not seen since early 2020, and oil prices crossing their 2014 highs. The pace of the Fed’s monetary tightening amid the highest inflation in nearly 40 years, a bumpy start to corporate earnings reporting season … Read more

Kohl’s Is Urged by Macellum to Make Changes or Explore Sale

An active investor replenishes a batch to acquire Kohl’s . supermarket chain company KSS -1.93% To take action to boost its lagging stock. People familiar with the matter said Macellum Advisors GP LLC, which owns roughly 5% of Kohl’s, is urging the company to make changes including a change of its board. People said Kohl’s … Read more

Rolls-Royce, Bentley, BMW Sales Surge as Cheaper Brands Lag Behind

Berlin — luxury car brands such as Rolls-Royce, Bentley, Porsche and BMW BMW -0.30% Record sales were set, thanks to customers who coveted it and manufacturers who channeled rare chips toward their most profitable models. With international travel halted during the pandemic and many avenues of flashy spending closed to them, a young generation of … Read more

Credit Suisse’s António Horta-Osório Lost Board Support Over Covid-19 Rules Breach

He came to fix the Credit Suisse group AG’s shattered culture. Then it became part of the problem. Antonio Horta Osorio was hoping for a slap in the wrist on Sunday from Credit Suisse CS 0.38% Council for breaching coronavirus quarantine rules on trips to events, according to people familiar with his departure. Instead, he … Read more

Up to three-quarters of the $800 billion PPP flowed to business owners instead of workers, study finds

A study from leading economists found that the benefits of a prominent small business relief program designed at the height of the pandemic mostly went to business owners rather than workers. The study, by authors including renowned MIT economics professor David Autor, as well as several Federal Reserve economists, examined the $800 billion paycheck protection … Read more

Credit Suisse Chairman to Leave After Breaking Covid Travel Rules

Credit Suisse Group AG CS 0.38% Chairman Antonio Horta Osorio left the World Bank after a board investigation into his travel and personal behavior, according to people familiar with the bank. Credit Suisse said late Sunday that Mr Horta-Osório had resigned following a board-mandated investigation. The people said the investigation examined his behaviour, including travel … Read more

Elon Musk’s Tesla Asked Law Firm to Fire Associate Hired From SEC

A partner at the law firm Cooley LLP received an unexpected call late last year from a lawyer for one of the company’s most famous clients, Elon Musk’s Tesla. company , TSLA 1.75% with an alarm. People familiar with the matter said the world’s richest man wanted Cooley, who has represented Tesla in several lawsuits, … Read more

Citigroup Sticks With Its Covid-19 Vaccine Mandate, While GE Drops Its Rules

City Group company c -1.25% It is committed to delegating a Covid-19 vaccine to its US employees. General Electric company Give 0.68% Not. The two US companies are heading in opposite directions after the Supreme Court on Thursday blocked the Biden administration’s rule that large employers require their employees to get vaccines or be tested. … Read more