Goldman Sachs Considering Bitcoin Trading
A news report from the Wall Street Journal suggests that Goldman Sachs may be considering a major shift in its investment options. The big bank is reportedly deciding whether or not to allow its client investors to trade directly in bitcoin. If Goldman does adopt the new mode of trading, it would make the bank the […]
Amazon’s Private Label Boosted by Whole Foods: Analyst
Amazon’s acquisition of Whole Foods Market, Inc. will provide a significant revenue bump for the company’s private labels, according to an analyst from SunTrust Humphrey Robinson. The acquisition, which occurred in August this year, is expected to add $700 million in sales to Amazon’s private labels, stated analyst Youssef Squali in a note. When Amazon’s acquisition of Whole Foods was announced, Squali […]
Gold turns up from seven-week low as U.S. dollar pares gains
NEW YORK/LONDON (Reuters) – Gold on Tuesday rose above a seven-week low as the U.S. dollar came off its highs. Bullion was pressured earlier by strong U.S. economic data that reinforced expectations of another U.S. interest rate increase this year and pushed the dollar and U.S. bond yields higher. (.DXY) Spot gold was up 0.1 […]
JPMorgan Chase has taken the No.1 spot in a critical ranking for the first time in nearly 25 years
(Another win for Jamie Dimon and JPMorgan Chase.Reuters) JPMorgan Chase dominates Wall Street investment banking. It’s also the largest US bank by assets and market capitalization. Now, it can add top US bank by deposits to the mantle. For the first time in 23 years, JPMorgan leads US banks in total deposits, according to data released […]
Buffett Says He’ll Hold This Bank Stock For A ‘Long, Long, Long’ Time
Warren Buffett said Berkshire Hathaway (BRKB) would hold Bank of America (BAC) stock for a “long, long, long time,” citing CEO Brian Moynihan’s attempts to turn the bank around. “Bank of America’s done a sensational job under Brian Moynihan,” Berkshire CEO Buffett told CNBC. “Brian had all kinds of problems when he came in. I mean, they were not of […]