The Wall Street CEO discussed growing confidence among business leaders after his bank's strong fourth-quarter report.
JPMorgan Chase, Goldman Sachs and Pinterest are just a few of the companies whose leaders say they will still emphasize diversity, as the new administration’s war on such policies ramps up.
JPMorgan notched a record profit of $58.5 billion, up from $49.6 billion in 2023, America’s biggest bank reported on Wednesday. Goldman Sachs said its profits soared to $14 billion in 2024, compared to $8.5 billion a year earlier.
Trump has delayed implementing tariffs on Canada and Mexico, leaving financial markets to wonder if the new Feb. 1 deadline is for real.
Investors have been hoping Donald Trump's return to the White House next week will boost the U.S. stock market, while Goldman Sachs sees stocks benefiting from the biggest expected company buybacks in at least five years.
Groups working with businesses on climate action said they see no retreat from climate goals despite Donald Trump's pledge to end what he calls a "green scam."
Companies' abandonment of DEI policies could also be cited in future lawsuits as evidence of animus against certain groups of workers, and deprive employers of the ability to defend against discrimination claims by pointing to their policies and training programs, lawyers said.
As Donald Trump returns to the White House, Goldman Sachs is looking forward to the "improving regulatory backdrop."
Though Trump is set to reshape the future of AI in America, there's another corporate investment set to take off under his leadership.
Trump, on his first day in office, suggested he may do just that. Trump has threatened to impose 25% tariffs on all goods from Canada and Mexico on February 1 in response to what he views as inadequate border security failing to stop drugs and migrants from coming into the United States.
Goldman Sachs has raised its dollar exchange rate forecast against major global currencies. The dollar is expected to become more expensive due to the strong US economy and Donald Trump's tariff increases,