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Goldman Sachs shares close lower on Tuesday, bank’s US workforce to return to offices next month

According to a Tuesday report by Bloomberg News, citing sources with knowledge of the matter, Goldman Sachs Group Inc (GS) intends to inform its employees to be prepared to return to offices by mid-June. The Wall Street bank employs almost 40,000 people across the globe. Other banks such as Wells Fargo & Co had previously […] Read more

United Parcel shares gain the most in 9 months on Tuesday, quarterly revenue exceeds market expectations as e-commerce delivery boom continues

United Parcel Service Inc’s (UPS) quarterly revenue, reported on Tuesday, surged past Wall Street estimates, as the package delivery company experienced a boom in online purchases amid the coronavirus pandemic. UPS’ total revenue went up 27% year-on-year to $22.9 billion during the latest fiscal quarter, while outstripping a consensus of analyst estimates pointing to revenue […] Read more

Tesla shares close lower on Tuesday, company to add recycling facilities for EV components at plant in Shanghai

Tesla Inc (TSLA) intends to add facilities at its plant in Shanghai with which to repair and reproduce essential components such as electric motors and battery cells, according to a document submitted by the company to local authorities. The auto maker also intends to add manufacturing capacities for car structures and electric motor controllers, the […] Read more

United Air shares close higher on Friday, over 480 flights to be added to US schedule, air carrier says

United Airlines Holdings Inc (UAL) said on Friday that it would add more than 480 daily flights to its US schedule in June in order to meet summer period demand, which is expected to increase as COVID-19 vaccine roll-out progresses. “As leisure journey continues to return this summer time, we’re including extra flights to our […] Read more

Goldman Sachs shares close higher on Wednesday, black employees represent nearly 7% of US headcount, bank says

According to Goldman Sachs Group Inc’s (GS) 2020 sustainability report, Black employees comprised 6.8% of its workforce in the United States and also represented about 3% of its senior executive team. In comparison, in 2019, black employees made up 6.6% of the bank’s US workforce. The report also showed that Goldman Sachs employed a total […] Read more

Toshiba shares fall for a fourth straight session on Wednesday, company decides against CVC offer, remains open to ‘credible’ proposals

Toshiba Corp’s (6502) board has decided against CVC Capital Partners’ $20 billion buyout proposal due to the lack of required details, the company said earlier this week. Yet, the conglomerate added that it remained open to “credible” offers. In a new letter, CVC, which had previously proposed to take Toshiba private, did not provide the […] Read more

Microsoft shares close lower on Tuesday, tech giant to invest $1 billion in datacentre region in Malaysia

Microsoft Corp (MSFT) plans to invest $1 billion in Malaysia over the upcoming five years in a new partnership with government agencies and domestic companies, the country’s Prime Minister announced earlier this week. As part of the Bersama Malaysia initiative, the US tech company will build its first datacentre region in Malaysia in order to […] Read more

Citigroup shares close lower on Friday, Wall Street bank to hire 300 new relationship managers in Hong Kong

Citigroup Inc (C) said last week that it intended to hire 300 new relationship managers in Hong Kong as it seeks to increase clientele threefold and assets under management twofold in its wealth management business in the key financial centre. The news comes one day after Citigroup announced plans to withdraw from consumer banking in […] Read more

Dollar General shares gain for a third straight session on Wednesday, up to 20,000 workers to be hired this spring as economy re-opens

Dollar General Corp (DG) on Wednesday announced plans to hire up to 20,000 workers this spring. It is the latest company to announce a hiring spree, with more segments of the US economy re-opening and fiscal stimulus kicking in. In a statement, the US company said that hiring events would be hosted later in April […] Read more

Goldman Sachs shares close lower on Tuesday, Wall Street bank to open a new office in Birmingham

Goldman Sachs Group Inc (GS) said on Tuesday that it intended to open a new office in the city of Birmingham, as it seeks to expand its office space in Britain at a moment when other banks are doing quite the opposite because of the coronavirus crisis. According to Goldman, the first employees are to […] Read more