Kristen Scholer sat down with Lloyd Blankfein, the CEO and Chairman of Goldman Sachs, to discuss the economy, his relationship with President Trump, and where the company stands on cryptocurrencies.
Blankfein most recently saw President Trump in Davos and admitted that, even though he wasn't a supporter during the election, he agrees with Trump's message that promoting America's interests doesn't mean withdrawing from the world. Blankfein knows it may not be a popular opinion, but he says President Trump is good for small businesses and America's economy.
Plus, Blankfein comments on Gary Cohn's place in The White House. He believes that Cohn, who previously served as Goldman's Chief Operating Officer, has accomplished everything he set out to do under the Trump administration.
And don't expect Goldman to jump into the crypto craze anytime soon. Blankfein shot down rumors that the company will open a trading desk, saying that it will clear futures contracts for customers. He says there's a lot of "hype" over the digital assets and that he doesn't "love" the concept.
Goldman is also focused more on digital distribution and turning around revenue numbers for its trading division. Blankfein discusses the company's "Marcus" division, which has issued $2 billion in consumer loans in the year after its launch in October 2016.
Google on Monday confronted the second major U.S. antitrust trial in two months to cast the internet powerhouse as a brazen bully that uses its immense wealth and people's dependence on one of its main products to stifle competition at consumers' expense.
Hilton Grand said it's in the process of purchasing Bluegreen Vacations in a $1.5 billion deal.
Walt Disney Co. named former PepsiCo veteran Hugh Johnston as its new chief financial officer.
The PlayStation 5 Slim will be reportedly released on Friday.
With the holiday season approaching, many are in the market for a new TV. Cheddar News breaks it all down.
Credit card usage is sure to tick up ahead of the holiday season. With cashback, airline miles and points to be earned, reward credit cards could give you a bonus. Grant Gallagher, associate vice president and head of financial well-being with Affinity Federal Credit Union, spoke with Cheddar News about why it's important to take advance of those rewards.
Tesla is increasing wages for factory workers in Germany.
People are making travel plans and booking tickets as the holiday season nears. Johannes Thomas, CEO of Trivago, joined Cheddar News to provide tips on saving when booking lodging ahead of Thanksgiving and Christmas.
Elon Musk unveiled 'Grok,' his new A.I. chatbot over the weekend, adding that it will be more rebellious than its counterparts. Cheddar News breaks it down.
Heinz is combining two popular flavors for its new condiment, pickle ketchup.
