Goldman Sachs CEO David Solomon participates in an Invest America Roundtable in the State Dining Room at the White House, in Washington, June 9, 2025. Evelyn Hockstein | Reuters President Donald Trump on Tuesday said Goldman Sachs CEO David Solomon should either replace the bank’s economist or “just focus on being a DJ,” days after Goldman’s chief economist warned that …
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Facebook Tweet Email Link Days after Goldman Sachs’ top economists published research claiming price increases stemming from higher tariffs are poised to soon be borne mostly by consumers, President Donald Trump is urging the bank’s CEO, David Solomon, to get a new economist. “Tariffs have not caused Inflation, or any other problems for America, other than massive amounts of CASH …
Read More »Trump Calls on Goldman to Replace Economist Over Tariff Stance The Wall Street Journal Trump fumes and again insists companies pay tariffs not consumers as he bashes criticism of his plan The Independent Trump rebukes Goldman’s Solomon and bank’s economics research on tariff impact Reuters Trump Mocks Goldman CEO, Says Bank Made Bad Call on Tariffs Bloomberg.com Trump mocks Goldman Sachs CEO David Solomon: …
Read More »Trump Mocks Goldman CEO, Says Bank Made Bad Call on Tariffs Bloomberg.com ‘Just Focus on Being a DJ’—Trump Attacks Goldman CEO Over Tariffs The Wall Street Journal Trump blasts Goldman over tariff forecasts, tells David Solomon to ‘focus on being a DJ’ Yahoo Finance Trump mocks Goldman Sachs CEO David Solomon: ‘Maybe, he ought to just focus on being a DJ’ Business Insider Trump …
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When President Trump announced his tariff agenda, he said it would be foreign companies and consumers that would “eat” the price hikes. That’s a take that may be proved optimistic at best and misguided at worst. While tariffs have yet to significantly shift the dial on inflation—prompting individuals like Treasury Secretary Scott Bessent to label them the “dog that didn’t …
Read More »US Consumers to Bear Brunt of Tariff Hit, Goldman Economists Say Bloomberg.com Trump said foreign countries would ‘eat’ tariffs—but U.S. consumers and businesses will actually pay 75% at best Fortune Will US inflation numbers withstand pressure from Trump? Financial Times Bad news for US shoppers: The cost of everything from laptops to cars is likely to keep rising Business Insider Everyday Economics: CPI takes …
Read More »Artificial intelligence is reshaping the US job market — and young tech workers are feeling the brunt of it. “It is true that AI is starting to show up more clearly in the data,” wrote Jan Hatzius, Goldman Sachs’ chief economist, in a Monday note. Goldman’s analysis shows that the tech sector’s share of the US employment market peaked in …
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A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. Brendan McDermid | Reuters Changes to the American labor market brought on by the arrival of generative AI are already showing up in employment data, according to a Goldman Sachs economist. Most …
Read More »Goldman Told Clients to Go Long Copper a Day Before Price Plunge Bloomberg ADJUSTING IMPORTS OF COPPER INTO THE UNITED STATES The White House (.gov) Trump issues blitz of tariff announcements on copper, Brazil, South Korea, small-value imports Reuters Trump Targets Copper With Tariffs, Though Not as Aggressively as Expected The New York Times Copper Just Endured Its Worst Day Ever. It May Have …
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JPMorgan Chase, already the largest credit card issuer in the U.S., is nearing a deal to take over the Apple Card portfolio from Goldman Sachs, people familiar with the matter told CNBC. The banks declined to comment to CNBC. Apple did not immediately respond to CNBC’s request for comment. Negotiations between JPMorgan and Apple have progressed as earlier contenders for …
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