Goldman Sachs CEO Lloyd Blankfein Weighs in on Market Volatility, Crypto, and Trump
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.
A steep budget deficit caused by plummeting tax revenues and escalating school voucher costs will be in focus Monday as Democratic Gov. Katie Hobbs and the Republican-controlled Arizona Legislature return for a new session at the state Capitol.
The first U.S. lunar lander in more than 50 years is on its way to the moon. The private lander from Astrobotic Technology blasted off Monday from Cape Canaveral, Florida, catching a ride on United Launch Alliance's brand new rocket Vulcan.
Global prices for food commodities like grain and vegetable oil fell last year from record highs in 2022, when Russia’s war in Ukraine, drought and other factors helped worsen hunger worldwide, the U.N. Food and Agriculture Organization said Friday.
Wall Street is drifting higher after reports showed the job market remains solid, but key parts of the economy still don’t look like they’re overheating.
The Biden administration is docking more than $2 million in payments to student loan servicers that failed to send billing statements on time after the end of a pandemic payment freeze.
The nation’s employers added a robust 216,000 jobs last month, the latest sign that the American job market remains resilient even in the face of sharply higher interest rates.
A U.S. labor agency has accused SpaceX of unlawfully firing employees who penned an open letter critical of CEO Elon Musk and creating an impression that worker activities were under surveillance by the rocket ship company.
