The Kellington Times
Goldman Sachs CEO David Solomon Calls For Workers To Return To The Office
David Solomon, the CEO of top-tier investment bank Goldman Sachs, said on Wednesday that he wants his people back at the office. Solomon, referring to the prevailing sentiment of working remotely, said, “I do think for a business like ours, which is an innovative, collaborative apprenticeship culture, this is not ideal for us. And it’s not a new normal. It’s an aberration that we’re going to correct as soon as possible.”
A former member of Governor Andrew Cuomo’s administration who previously accused him of sexual harassment offered new details on Wednesday, saying he once kissed her on the lips without consent after a private meeting.
At the House Financial Services Committee hearing last week on the GameStop debacle, there was an elephant in the room: naked short selling. Short selling, effectively betting that a stock will go down, involves a trader selling shares he does not own, hoping to buy them back at a lower price to make money on the spread. The trader is supposed to locate (or have a “reasonable belief” he can locate) or borrow the shares in brokerage accounts, and then transfer them to the buyer within two days. This accounts for as much as 50% of daily trading.
Tesla’s stock performance might just be linked to online chatter over the automaker on social media forums like Reddit, according to a Barclays study released on Tuesday.
TJ Maxx has taken a hit from the pandemic with fewer people visiting stores and picking up clothing. But the discount giant is betting that customers will re-emerge once they get the Covid-19 vaccine and “revenge” shop to make up for the lost year.
Move over, GameStop. The newest speculative game in town is NFTs — digital files that can be owned and traded on a plethora of new online platforms. Most NFTs include some kind of still or moving image, which makes them similar to many physical art objects. Some of them, including a gif of Nyan Cat flying through the sky with a pop-tart body and rainbow trail, can be worth more than your house.
