On Goldman’s fixed income earnings call, Vince said Goldman had added $5 billion of online deposits since it acquired General Electric Co’s online deposits business in 2016. Goldman has also added 60,000 new customers since then, with a focus on U.S. savers. Goldman has around $125.5 billion in deposits, still a small fraction of deposits
The Nasdaq Composite, however, was kept in check by losses in healthcare shares, led by Regeneron. The drugmaker’s (REGN.O) shares were down 3.84 percent after a rating downgrade. All eyes will now be on the quarterly performance of Dow-component Apple (AAPL.O), which reports after the closing bell. The iPhone maker’s shares were up 0.11 percent.
Samsung Electronics Co Ltd (005930.KS) said on Tuesday it will invest at least $18.6 billion in South Korea to extend its lead in memory chips and next-generation smartphone displays, in a plan that promises to create almost half a million jobs. The investment underscores Samsung’s determination to widen its lead in memory chips, which are
President Donald Trump will use fast-growing supplies of U.S. natural gas as a political tool when he meets in Warsaw on Thursday with leaders of a dozen countries that are captive to Russia for their energy needs. In recent years, Moscow has cut off gas shipments during pricing disputes with neighboring countries in winter months.
President Donald Trump will meet with the chief executives of technology companies including Apple Inc (AAPL.O) and Amazon.com Inc (AMZN.O) on Monday as the White House looks to the private sector for help in cutting government waste and improving services. White House officials said on a conference call on Friday that the administration believed there
Blue Apron Holdings Inc said on Monday it expected its initial public offering to be priced at $15 to $17 per share, giving the biggest U.S. meal kit delivery company a valuation as high as $3.18 billion. New York-based Blue Apron, named after the uniform that apprentice chefs wear in France, delivers pre-packaged ingredients and
A van plowed into worshippers near a London mosque on Monday, injuring 10 people in what Prime Minister Theresa May said was a sickening, terrorist attack on Muslims. Shortly after midnight, the vehicle swerved into a group of people leaving prayers at the Muslim Welfare House and the nearby Finsbury Park Mosque in north London,
Toyota Motor Corp (7203.T) said on Saturday it had sold all shares in Tesla Inc (TSLA.O) by the end of 2016, having canceled its tie-up with the U.S. luxury automaker to jointly develop electric vehicles. Japan’s biggest automaker had bought around a 3 percent stake in the Palo Alto-based automaker for $50 million. Toyota spokesman
Former FBI Director James Comey will be grilled on whether President Donald Trump tried to get him to back off an investigation into alleged ties between the Trump campaign and Russia, key U.S. senators said on Sunday ahead of Comey’s testimony this week on Capitol Hill. Comey, who was leading the Federal Bureau of Investigation’s
Embattled Audi Chief Executive Rupert Stadler only got a five-year contract extension last month because of an agreement among supervisory board members that he would not serve out his full term, two sources close to the company’s supervisory board told Reuters. How long Stadler will remain in his current position remains unclear, the sources said.
Mobile phone apps took center stage at Google’s annual developer conference on Wednesday as the search giant announced new features for its digital assistant and its popular photo app while devoting little time to the Android mobile operating system. Addressing an audience of thousands of developers in Mountain View, California, Google executives delivered a broad-based
European Union antitrust regulators fined Facebook (FB.O) 110 million euros ($122 million) on Thursday for giving misleading information during a vetting of its deal to acquire messaging service WhatsApp in 2014. Calling it a “proportionate and deterrent fine”, the European Commission, which acts as the EU’s competition watchdog, said Facebook had said it could not
Swirling uncertainty over U.S. President Donald Trump’s political future saw world stocks extend their steepest fall in over six months on Thursday, though there were signs of stabilization elsewhere as the dollar and gold steadied. Reports that Trump had tried to intervene in an investigation into alleged Russian interference in last year’s U.S. election and
Apple (AAPL.O) has acquired a sleep tracking app and hardware maker Beddit, the Finnish startup said on its website. The terms of the deal were not disclosed and neither of the companies were immediately available for a comment. “Beddit has been acquired by Apple. Your personal data will be collected, used and disclosed in accordance
President Donald Trump defended his firing of FBI Director James Comey on Wednesday, fighting a storm of criticism that the ouster was aimed at blunting an agency probe into his presidential campaign’s possible collusion with Russia to sway the 2016 election. The Republican president’s abrupt move on Tuesday stunned Washington and was swiftly condemned by
The House will vote Thursday on the Republican bill to repeal and replace Obamacare, setting up a dramatic moment that could give President Donald Trump the significant legislative victory he’s been seeking. Top Republicans are very confident. Majority Leader Kevin McCarthy emerged from Speaker Paul Ryan’s office Wednesday night all but triumphant. “We will be
A well-placed royal source tells PEOPLE that there is “no cause for alarm” following rampant speculation about Queen Elizabeth and husband Prince Philip. The rumors began after reports emerged of an emergency meeting being called for Buckingham Palace staff from around the country. They are expected to gather at the palace mid-morning. The meeting is
Alphabet Inc’s Google will open up its popular Android mobile operating system to rival search engines in Russia as part of a deal to settle a two-year dispute with Russian competition authorities. The deal sets a new precedent for the tech giant, which faces multiple complaints worldwide that it is abusing its dominant position by
Ride-services company Uber Technologies Inc may be required to provide passengers a way to tip their drivers, despite its longstanding resistance, if a plan by New York City’s taxi regulator is implemented. The New York City Taxi and Limousine Commission said on Monday that it plans to propose a rule no later than July that
Wal-Mart Stores Inc’s bid for clothing retailer Bonobos, which surfaced last week, is the latest step in the company’s attempt to recover lost ground against Amazon.com Inc and others in the rapidly growing online fashion world, analysts and retail consultants said. If Wal-Mart succeeds, the move into fashion also would advance its effort to access