Goldman Sachs Lays Off 3,200 Employees and Cuts Salaries
Goldman Sachs said on Jan. 17 it had laid off around 3,200 employees as part of a headcount reduction, per Reuters. The bank said its board had awarded Chief Executive David Solomon compensation of $25 million for his work in 2022, compared with $35…
Where Is the Stock Market Headed in 2023?
Where is the stock market headed in 2023? For many of us, the bear market of 2022 was the first bear market we’ve ever experienced. I’ve been invested in the stock market since 2019, but many of my readers began investing in 2021. In 2021,…
Wells Fargo Fined $3.7 Billion in Widespread Illegal Activities
[ZeroHedge] Wells Fargo has been ordered to pay $3.7 billion by the Consumer Financial Protection Bureau (CFPB) for a variety of illegal activity, including wrongfully foreclosing on homes, illegally repossessing vehicles, incorrectly assessing fees and…
SPY Stock Continues to Make Lower Lows and Lower Highs
Looking at the SPY for the year and we see that the market continues to make lower lows and lower highs. SPY stock took a big hit on Wednesday during JPOW’s speech, dropping from $405 to as low as $396. The index closed at $399.40 but continues to…
Bank of America Expects a Recession by Q1 of 2023
Bank of America is expecting a recession to hit the U.S by the first quarter of 2023. There is a major slowdown happening says CEO Brian Moynihan. Economists are now expecting a volatile market to persist in 2023. A recession may be coming in the first…
