Goldman Sachs CEO David Solomon said on Wednesday it was important for the U.S. and China, the world's two largest economic superpowers, to improve their bilateral ties.
World leaders and business executives left the Swiss mountain resort of Davos after a week of discussions dominated from a distance by Donald Trump's return as U.S. President.
In a recent interview, Goldman Sachs CEO David Solomon said that he does not see Bitcoin as a threat to the supremacy of the US dollar. Sitting in an interview with CNBC yesterday while attending the World Economic Forum in Davos,
Davos is supposed to be a bright spot for corporate Europe. While the world’s economic engines lie elsewhere — primarily in the US and corners of Asia — the conference has been the one time a year the continent can reliably convene power-wielders from all over.
Trump on oil, Russia, and the Fed. The markets: All-time high! Analyst notes from Goldman Sachs and Wedbush. Plus: All the news and watercooler chat from Fortune. Good morning from Davos, on the final day of the World Economic Forum.
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UK chancellor wasn’t invited to speak at the myriad of debates and panel discussions that front the four-day event in the Swiss Alps
BlackRock CEO Larry Fink said Bitcoin will hit $700k, while Goldman Sachs CEO David Solomon said BTC is not a threat to the dollar.
Goldman Sachs CEO believes Bitcoin is a speculative asset that cannot rival the US dollar's dominance as the global reserve currency.
The Federal Reserve left benchmark interest rates unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Trump pursues.
But even as the tide sharply turns against DEI, not everyone is abandoning ship. Many major companies have made public commitments to diversity and inclusion. These are some of organizations that have made public statements in one form or another about their commitment to DEI.
Outside of a U.S. President bending norms, the Fed also faces challenges in achieving its economic objectives. Inflation remains above its 2% target: Its preferred measure is at 2.4%, though core prices — considered a better gauge of where inflation is headed — rose 2.8% in November from a year ago.