Goldman’s profits tumbled 66% to $1.33 billion in the fourth quarter, it said Tuesday, well below what Wall Street had expected. Profits at Morgan Stanley slumped 40% to $2.2 billion, barely beating analyst projections.
Expectations for Goldman and Morgan were already grim after quarterly results last week from JPMorgan Chase, Citigroup and Bank of America.
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CLIMATE SOLUTION: MASSACHUSETTS TOWN EXPERIMENTS WITH COMMUNITY HEATING AND COOLING
Jennifer and Eric Mauchan live in a Cape Codstyle house in Framingham, Massachusetts that they’ve been cooling with five air conditioners.
ONLINE MARKETPLACE EBAY TO DROP AMERICAN EXPRESS, CITING FEES, AND SAYS CUSTOMERS HAVE OTHER OPTIONS
Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are “unacceptably high fees” and that customers have other payment options to shop online.
TECH NEWS SITE GIZMODO SOLD FOR THIRD TIME IN 8 YEARS AS EUROPEAN PUBLISHER KELEOPS LOOKS TO EXPAND
Longtime technology news and review site Gizmodo has been sold for the third time in the past eight years, this time to a European publisher looking to expand its coverage of the digital scene.
SOFTWARE GIANT SAP AGREES TO BUY WALKME FOR $1.5 BILLION CASH
German software giant SAP has agreed to buy WalkMe in an all-cash deal valued at about $1.5 billion.
CHINA LANDS A SPACECRAFT ON THE MOON'S FAR SIDE TO COLLECT ROCKS FOR STUDY
A Chinese spacecraft landed on the far side of the moon Sunday (02) to collect soil and rock samples that could provide insights into differences between the less-explored region and the better known near side.
BOEING LAUNCHES NASA ASTRONAUTS FOR THE FIRST TIME AFTER YEARS OF DELAYS
Boeing launched astronauts for the first time Wednesday, belatedly joining SpaceX as a second taxi service for NASA.
NEW ORLEANS PLANS TO SPIFF UP AS HOST OF NEXT YEAR'S SUPER BOWL
New Orleans hosts its 11th Super Bowl next year and the preparations involve showcasing the city’s heralded architecture, music, food and celebratory culture while addressing its myriad challenges, including crime, pockets of homelessness and an antiquated drainage system.
GOOGLE MAKES FIXES TO AI-GENERATED SEARCH SUMMARIES AFTER OUTLANDISH ANSWERS WENT VIRAL
Google said it has made “more than a dozen technical improvements” to its artificial intelligence systems after its retooled search engine was found spitting out erroneous information.
IN THEIR OWN WORDS: WHAT YOUNG PEOPLE WISH THEY'D KNOWN ABOUT SOCIAL MEDI
It’s dangerous. It’s addictive. Get off your phone.
LIFE AS A TEEN WITHOUT SOCIAL MEDIA ISN'T EASY.THESE FAMILIES ARE NAVIGATING ADOLESCENCE OFFLINE
Kate Bulkeley’s pledge to stay off social media in high school worked at first. She watched the benefits pile up: She was getting excellent grades. She read lots of books.
