Goldman reveals very little about its giant trading operations. That's partly why investors got nervous following a disappointing performance that remains mostly unexplained.
Revenue fell 2%, but still beat Wall Street's expectations of $7.8 billion. Excluding the effects of losing the Costco branded-card deal, it actually rose.
Revenue from trading bonds, currencies and interest-rate swaps surged 17%, a gain that was in line with Citigroup and JPMorgan Chase.
President Donald Trump's surprise election last November fueled a surge in Wall Street's bond-trading revenue in the first quarter. Can it last?
What does consistent profitability growth mean for the U.S. economy if sales gains are shrinking? To keep the current expansion going, the government will need to figure out the answer.
Economists had cautioned a month ago that construction gains in an unusually warm February might curb growth later. Still, the unemployment rate fell to the lowest since May 2007.
'The Fed halting the reinvestment of maturing bond holdings is only dipping a toe into the water of winding down a $4.5 trillion balance sheet, says a Bankrate.com analyst.
Monetary policy committee members maintained their projection of two more hikes this year, which could take rates to a range of 1.25% to 1.5%.
How much of Wednesday's post-hike rally was due to investors buying into a Goldilocks scenario who might yet be disappointed?
The Federal Reserve signaled three potential interest rate hikes during 2017. Now, economists say, there's a chance the central bank may go for more.
U.S. employers added some 235,000 workers during the first full month of real estate mogul Donald Trump's presidency, according to the U.S. Labor Department.
It's time investors pay closer attention to the realities of the auto space.
Profitability is set to grow as higher interest rates fatten the largest U.S. bank's lending margins, while President Donald Trump's stimulus plans bolster the economy -- and loan growth.
The Federal Reserve's assets quadrupled following the 2008 financial crisis as Chairman Ben Bernanke sought to stimulate the economy. Now it's time for the central bank to shrink.
A stimulus package from U.S. President-elect Donald Trump will boost growth in the U.S. and beyond, Deustche Bank economists say, with Brexit paring some of the benefits for Europe.