Author: Editor

David Solomon, CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2026. Oscar Molina | CNBCWhen Goldman Sachs executives were asked about disappointing results in the firm’s fixed income division this week, they made it sound as though the trading environment was simply not in their favor.Fixed income revenue fell 10% in the first quarter, coming in $910 million below analysts’ expectations, according to StreetAccount data. It was an unusually large miss for one of Goldman’s flagship Wall Street businesses.”It was basically just a function of the overall environment making…

Doug Field, the chief EV, digital and design officer at Ford Motor, speaks at Louisville Assembly Plant as Ford shares its plans to design and assemble its “Universal Electric Vehicle” platform on Aug. 11, 2025.Courtesy: FordDETROIT — Ford Motor’s head of electric vehicles and software is leaving the automaker as it restructures its executives and operations.Ford on Wednesday said Doug Field — chief EV, digital and design officer — has “elected to leave the company after a transition over the next month.” A release announcing the move mentioned a “next chapter” for Field, but the executive declined to disclose specific…

Triller reported $0 in media revenue last year, a new company filing reveals. Loading audio narration… That’s surprising for a startup that tried to challenge TikTok with its namesake app, and at one point claimed to have hundreds of millions of users (though its numbers have been disputed).Triller went public in 2024, raising over $420 million in capital and pitching investors on its short-form video app, a streaming platform for combat sports, and various marketing tools for brands.Despite once positioning itself as a hub for creators like Charli D’Amelio, brands like McDonald’s and Pepsi, and sports leagues, last year it…

Treasury secretary says Americans can already see refunds as Trump’s tax breaks kick in – CBS News Watch CBS News Treasury Secretary Scott Bessent said Americans are already seeing record refunds as President Trump’s new tax breaks start to kick in. Nancy Cordes reports. Source link

The Carnival Miracle cruise ship is anchored in the Pacific Ocean near Kailua Bay during a 15-day cruise, in Kailua-Kona, Hawaii, on Jan. 14, 2024.Kevin Carter | Getty ImagesThe global cruise industry is reporting record demand and renewed consumer enthusiasm, but the leaders helming the world’s largest cruise companies say the sector is also facing some of the most complex challenges it has seen in decades.”We are not an alternative vacation anymore. We are a vacation,” Carnival Corporation CEO Josh Weinstein said during a keynote panel Tuesday at Seatrade Global, a cruise industry conference. As demand rises, passengers are getting…

Two recent lawsuits claim AT&T used its relocation policy to force out older employees, with CEO John Stankey favoring younger workers during the rollout. Loading audio narration… The lawsuits, one filed in North Carolina in December and another in New Jersey in April, quote CEO John Stankey as saying in 2023 that AT&T needed a younger workforce. Both plaintiffs filed cases with the US Equal Employment Opportunity Commission shortly after leaving the company and said they were recently notified of their right to sue, which they did within 90 days of their respective notices.In 2023, as other big companies were…

US businesses have been on a tariff roller coaster over the last year. Sweeping tariffs were implemented at varying levels across different countries. Though some were eventually overturned by the Supreme Court, there is now an added layer of bureaucracy as companies seek potential refunds. Some are turning to AI for help. Loading audio narration… Companies like EQI and customs advisory firms like KPMG are using generative AI “to process all that chaos,” said Brendan Connallon, the VP of finance at EQI, a company that supplies metal components and provides supply chain advising services to manufacturers. The technology can rapidly…

Lisa Greene-Lewis, CPA and TurboTax expert, offers some last minute tips for taxpayers filing their 2025 tax returns ahead of the midnight deadline on Tax Day. Americans are facing a midnight deadline to file their 2025 tax return, but the refunds that await the majority of taxpayers are larger on average than a year ago – with taxpayers in certain states receiving higher refunds, according to a new report. An analysis by Upgraded Points of how refund amounts have changed across geographic areas and income levels finds that the estimated average refund for 2026 is $3,571, with 72.9% of taxpayers…

Investors asked to take out $19.5 billion from private credit direct lending funds in the first quarter, according to a Business Insider analysis of SEC filings. Loading audio narration… However, firms only paid out 53% of requests, or $10.4 billion, across the 17 investment vehicles Business Insider analyzed. Nine funds decided to cap investor withdrawals to the maximum amount they are required to pay out per quarter (either 5% or 7%).These redemptions are a sign of faltering confidence among some investors in non-traded private credit funds, as concerns mount about exposure to software loans in the age of generative AI…

This interview is based on a conversation with Sydney Sajadi, 46, the founder and CEO of a wellness brand from Toronto. It has been edited for length and clarity. Loading audio narration… In the financial field, when I co-owned a real estate lending firm in New York City, I was the type of person who checked my emails first thing in the morning and last thing at night.It was “go, go, go,” and I didn’t get enough sleep, underate by missing meals because I was too “busy,” and overexercised to achieve the “right look.”I’d always had an issue with uterine…