Goldman Sachs, long hailed as Wall Street’s premier brand, finds itself at an inflection point. The high-profile businesses that once propelled the firm’s success have fallen out of favor with investors since the 2008 financial crisis. Instead, it is the steady, fee-generating sectors of wealth and asset management that are now being valued more highly.
Business
The shares of electric truck manufacturer Nikola took a nosedive of more than 10% following a series of unsettling events. First, the company announced that its CEO, Michael Lohscheller, would be stepping down immediately due to a “family health matter.” This news undoubtedly raised concerns among investors who may question the stability and future direction
Warner Bros. Discovery, the media and entertainment giant, recently released its second-quarter results, which fell below Wall Street expectations. The company also revealed a decline in its subscriber numbers compared to the previous quarter. These disappointing numbers have raised concerns among investors and analysts about the company’s performance and future prospects. At the end of
EVgo, the leading EV charging network operator, has reported impressive second-quarter revenue figures that exceeded Wall Street’s expectations. Additionally, the company posted a narrower-than-expected loss, reflecting the growing number of electric vehicle drivers utilizing its network. EVgo’s private-label eXtend unit also experienced a significant boom in revenue. This article will delve into the key numbers