TheBuzz24

Goldman Sachs’s fixed income division disappointed investors this week, with revenue down 10% and about $910 million below expectations — a rare stumble for a flagship business. “I’d imagine that at Goldman, a fire is being lit under the traders, managers and risk overseers in FICC after such an underperformance,” veteran analyst Mike Mayo noted. […]

The global cruise industry is reporting record demand and renewed consumer enthusiasm. Some ships remain stranded in the Persian Gulf by the impasse at the Strait of Hormuz and fuel price volatility has put energy strategy front and center. Even as the industry navigates choppy seas, cruise companies are looking for their next avenues for […]

Treasury Secretary Scott Bessent tells CNBC’s Sara Eisen at the Invest in America Forum on Tuesday that the Trump administration expects banks to comply with a mandate to collect citizenship data. The administration has been considering an executive order to require banks to request additional documents from customers and earlier this week Bessent indicated the […]

U.S. stock futures were little changed on Wednesday night after both the S&P 500 and Nasdaq Composite rose to fresh records during the regular session. Furthermore, experts in earnings report note the continued relevance. S&P 500 futures and Nasdaq 100 futures both traded around the flatline. Futures tied to the Dow Jones Industrial Average rose […]

The president of SantaCon was arrested on a federal criminal indictment in Novel York City that accuses him of wire fraud. Stefan Pildes is accused of using the ticketed Christmas season bar-crawl event to divert hundreds of thousands of dollars earmarked for charity to personal utilize. Pildes “promoted SantaCon as an event grounded in charitable […]

Spirit Airlines could liquidate as early as this week, according to citizens familiar with the matter. The airline, which was trying to recover from its second bankruptcy in less than a year, is facing the added challenge of a spike in the price of fuel. Spirit mentioned in February that it was set to exit […]

CNBC’s Jim Cramer on Tuesday mentioned the stock sector has been able to rally in recent days because three predictions failed to materialize. Furthermore, experts in bear market note the continued relevance. “What we have is a rally that appears to be based on nothing,” stated the “Mad Money” host on Tuesday. “But in reality, […]

Central banks are shifting from heavy gold buying to selling amid war-driven liquidity pressures. Gold has fallen about 12% from its January peak, entering a period of contraction despite heightened geopolitical risks. Emerging industry central banks are leading the trend, with currency volatility and increased spending requirements prompting sell-offs. This also touches on aspects of […]

Washington’s maximum pressure campaign on Iran risks destabilizing the fragile detente with Beijing. India is increasingly finding that U.S. policy is working against its own economic interests. A miscalculation at sea could quickly turn diplomatic posturing into a crisis. The U.S. blockade of the Strait of Hormuz is not only squeezing Iran but also ratcheting […]

Trump took a swipe at the pope, while saying that it was “unacceptable” for Iran to have nuclear weapons. The pontiff has called for a ceasefire and urged dialogue to resolve the Mideast conflict. U.S. President Donald Trump took aim at Pope Leo XIV again, suggesting that he was unaware of Iran’s repressive actions against its […]