Goldman Sachs chief executive David Solomon is facing a new wave of unrest inside the Wall Street bank, threatening a fragile peace among its partners. Solomon’s decision to accept a 24 per cent pay rise last week despite presiding over the bank’s worst annual earnings for four years has proved controversial, as has the staffing
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Prime Minister Benjamin Netanyahu has finally unveiled Israel’s plans for Gaza after hostilities end in the enclave, submitting to his war cabinet a formal proposal that directly contradicts the objectives of the US. The one-page document, released overnight by his office, makes no mention of any role for the Palestinian Authority, the West Bank-based rival
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Maskot | Digitalvision | Getty Images Several factors may affect your path towards homeownership — one may be your parents. “If your parents are homeowners, you’re more likely to be a homeowner,” said Susan M. Wachter, a professor of real estate and finance at The Wharton School of the University of Pennsylvania. Homeowner parents are
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S&P Global Ratings has revised the outlook on Chicago’s general obligation bonds to stable from positive, the rating agency announced Thursday. S&P affirmed its BBB-plus rating on the bonds. The downward revision reflects budgetary pressures that have not been counterbalanced by new revenue growth, S&P said. Specifically, S&P cited rising public safety labor costs, recent
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When a rival claims that they need $7tn to keep up, you know you’re in a good position. Nvidia’s command over chips tailored for artificial intelligence led OpenAI’s Sam Altman to set a wild goal
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nvidia revenues soared 265 per cent in the latest quarter to $22.1bn as the world’s most valuable chip company benefited from a spending frenzy on artificial intelligence. The revenue performance beat analysts’ already heightened expectations
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Maskot | Digitalvision | Getty Images While homeownership is out of reach for many Black Americans, most still see it as a hallmark of success. About 66% of Black Americans consider themselves successful in some way, according to a recent study by the Pew Research Center. Slightly more than half of all those surveyed, 52%, believe
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Municipals were little changed Tuesday as most investors were awaiting new-issue supply, U.S. Treasuries offered little direction in a mixed session and equities were down near the close. Wednesday will see the release of January’s Federal Open Market Committee Meeting minutes, which “should show any division amongst the committee members as to the continued direction
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