Trump is reportedly set to ring the bell at the NYSE today. What does it signify?
① According to media reports, the USA's incoming president Trump will go to the NYSE on Thursday to ring the opening bell and deliver a speech; ② There are reports that Trump will be named Time Magazine's Person of the Year for 2024, but this has not yet been confirmed by Time; ③ Since Trump's announcement of victory, the three major US stock indices have risen repeatedly, with the market encouraged by promises of tax cuts and deregulation.
Express News | After the incident of the healthcare giant executive being shot, executives from major companies like Goldman Sachs and Bank of America are also being "targeted," and the New York police are posting related posters.
Musk is worth 447 billion US dollars and is the first “400 billion dollar millionaire” of adults
Tesla shares rose 5.9% on Wednesday to close at $424.77, a record high, surpassing the previous record of $409.97 set on November 4, 2021. Since this year, Tesla's stock price has risen cumulatively by about 71%, and has soared by about 69% since Trump won the US election. Driven by this, Tesla CEO Elon Musk's net worth skyrocketed by 62.8 billion US dollars overnight to reach 447 billion US dollars, making him the first superrich person on Earth with a net worth over 400 billion US dollars. Musk's current net worth is higher than Jeff Bezos, who is second on the Bloomberg Billionaires Index
Express News | The CEO of Bank of America stated that sales and Trade Business in the fourth quarter are expected to reach a record high, with Investment Banking revenue surging.
Wall Street commodity traders' performance this year is expected to be the worst since before the pandemic
As market volatility weakens, the commodity trading business of the world's major investment banks may experience the worst year since before the outbreak of the pandemic. According to data compiled by Coalition Greenwich, the combined net revenue of more than 250 companies, including Goldman Sachs, Citigroup, and J.P. Morgan Chase, will reach 10.6 billion US dollars this year, which is nearly one-fifth less than last year's total revenue. Angad Chhatwal, head of global macro markets at Coalition Greenwich, said, “The trading boom is fading away, and revenue will drop a further 3% in 2025.” Chinese flag, tall
Wells Fargo CEO says he is more confident in regulatory fixes
Wells Fargo CEO Charlie Scharf (Charlie Scharf) said on Wednesday that the bank is more confident in the progress it has made in addressing compliance issues after years of false account scandals, and detailed its efforts to implement risk controls. He said at the Goldman Sachs Financial Services conference, “For every consent order we have received, for each of our regulatory deliverables, we have very detailed plans, and the regulators have reviewed these plans.” (A consent order is a legal agreement approved by a judge or court to resolve a dispute between the parties without a trial.) Schaff said:”
Express News | Goldman Sachs CFO: Easing regulations will catalyze more activities across the company.
Express News | Goldman Sachs CFO: With the appointment of government positions nominated by President Trump of the USA, the Federal Trade Commission may see new directions.
KBW Maintains Goldman Sachs(GS.US) With Buy Rating, Maintains Target Price $686
Express News | Gold prices remain stable as a breakthrough is awaited; the market anticipates key data from the USA tonight.
Express News | 23 Institutions expect that tonight at 21:30, the year-on-year core CPI for November in the USA will be released (previous value: +3.3%).
Express News | Goldman Sachs believes that even if the dollar appreciates, Gold prices are expected to rise to record highs next year, and central banks around the world may continue with Shareholding Gold.
Goldman Sachs CEO Says Bank Can Consider Bitcoin, Ethereum Spot Trading If Regulations Allow
Trump is trending towards financial deregulation, Goldman Sachs (GS.US) cheers as the merger and acquisition market welcomes Bullish news.
During the Trump era, merger and acquisition Trades are expected to increase, and Wall Street Banks are likely to benefit.
Goldman Sachs CEO Solomon: The Trump administration seems to adopt a strategy for promoting growth, which will benefit Goldman Sachs.
On December 11, Gluonhui reported that Goldman Sachs CEO David Solomon stated during an event on Tuesday: "The upcoming Trump administration seems likely to adopt a strategy to promote growth, which will benefit Goldman Sachs. I am very optimistic that this administration will implement an agenda that is very, very favorable to economic growth." Solomon pointed out that the outlook for the new business environment may lower regulatory expectations, drive up Asset prices, and encourage Trade activities, which are key factors in driving the growth of Goldman Sachs' Business. Previously, Trump appointed the CEO of Cantor Fitzgerald.
Goldman Sachs Says "Expect Modest Downside To Tanker Freight Rates In Coming Years In Our Base Case But 30% Further Downside If Red Sea And Russian Redirections Were To End"
Express News | Wall Street consultants expect the Trade matching Business to heat up during the Trump era.
Express News | JPMorgan raises its net interest income guidance and now expects it to exceed Analyst expectations.
The Goldman Sachs Group, Inc. (GS) Goldman Sachs 2024 U.S. Financial Services Conference (Transcript)
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