Investing

In a brief gaggle with reporters on Friday morning, White House press secretary Sarah Huckabee Sanders was asked about whether the former Goldman Sachs executive is staying as director of the National Economic Council. “I don’t have any reason to think otherwise right now,” she said. “Gary was here yesterday afternoon, I talked to him
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President Donald Trump‘s decision to impose tariffs on foreign steel and aluminum likely precedes an exit from NAFTA, according to Goldman Sachs. The bank’s chief economist noted that while a formal decision has yet to be announced, a 25 percent tax on steel and a 10 percent tax on aluminum would be the most substantial
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Comcast shares are less attractive after its big offer to buy a European pay-TV provider, according to one Wall Street firm. Macquarie Research lowered its rating to neutral from outperform for Comcast shares, citing concerns over the media company’s acquisition strategy. Comcast shares declined 7 percent Tuesday after the company announced a cash offer to
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Cryptocurrencies pose a competitive threat to Bank of America‘s business, the company said in a regulatory filing Thursday. “Clients may choose to conduct business with other market participants who engage in business or offer products in areas we deem speculative or risky, such as cryptocurrencies,” the bank said. Such increased competition may “negatively affect our
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