Goldman Sachs Raises S&P 500 Forecast to 6,000 Amid Bullish Outlook
October 8, 2024: Goldman Sachs, a prominent investment bank, has significantly increased its year-end target for the S&P 500 index, projecting a potential rise to 6,000 points.
Amazon Pivots to Selling Cashierless Tech to Retailers After U.S. Pullback
October 7, 2024: Amazon, the e-commerce giant, has unveiled plans to license its cashier-less technology to other retailers despite the decision to remove these systems
Goldman-Backed Starling Bank Fined $38.5M for Lax Crime Controls
October 3, 2024: Starling Bank, a prominent digital bank backed by Goldman Sachs, has been fined £29 million ($38.5 million) by the Financial Conduct Authority (FCA)
Charles Schwab CEO Walt Bettinger to Retire, Rick Wurster Named Successor
October 2, 2024: Charles Schwab, the iconic investment firm, has announced that its long-serving CEO, Walt Bettinger, will retire at the end of 2024. Bettinger,
China Stocks Surge to 16-Year High, Boosting U.S. ETFs
October 1, 2024: Chinese stocks experienced their most significant rally in sixteen years, leading to a surge in related U.S.-based exchange-traded funds (ETFs).
JPMorgan Chase Poised to Sue U.S. Government Over Zelle Scams
September 30, 2024: JPMorgan Chase, one of the largest banks in the United States, has indicated its readiness to pursue legal action against the U.S. government
U.S. Crude Rises 1%, Closes Above $71 on Fed Rate Cut Optimism
September 18, 2024: Crude oil prices experienced a significant uptick on Wednesday, closing above $71 per barrel. This increase was primarily driven by growing optimism
Bitcoin Surges Past $60K Ahead of Fed Rate Decision
September 18, 2024: The price of Bitcoin has surged, surpassing the $60,000 mark. This significant increase comes ahead of the highly anticipated Federal Reserve interest rate decision,
FDIC Introduces Rule Requiring Banks to Store Fintech Customer Data Post-Synapse
September 18, 2024: The Federal Deposit Insurance Corporation (FDIC) has introduced a new rule requiring banks to retain customer data related to fintech partnerships.
“August Wholesale Prices Rise 0.2%, Meeting Expectations”
September 17, 2024: As of September 17, 2024, the Producer Price Index (PPI), a measure of wholesale prices, increased by 0.2% in August.
