Tuesday, 16 January 2024 Goldman Sachs exceeded fourth-quarter profit expectations, with its equity traders taking advantage of a market rebound. Revenue from asset and wealth management also increased, compensating for a decline in investment banking. The surge in stock markets reflects growing confidence among economists and investors that the US will steer clear of a recession. Additionally, discussions among market participants revolve around predicting when the Federal Reserve might reduce interest rates, potentially serving as another stimulant for market activity.
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Weekly Jobless Claims , Drop to Lowest Level Since , September 2022.
CNBC reports that the labor market has started
2024 with surprising resiliency, posting an
unexpected drop in initial jobless..
Credit: Wibbitz Top Stories Duration: 01:31Published
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Tuesday, 16 January 2024
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