Goldman Sachs Stock News

President Donald Trump said Tuesday (Aug. 12) that Goldman Sachs and CEO David Solomon should replace the bank's chief economist and disputed the bank's predictions about the effects of U.S. tariffs.

President Donald Trump said Goldman Sachs CEO David Solomon should either replace his economist or "just focus on being a DJ." Jan Hatzius, Goldman's chief economist, warned in a research note on Sunday that American consumers will end up absorbing an increasing share of the cost of Trump's tariffs.

President Donald Trump leaned on a big bank's CEO on Tuesday, a day after appearing to make peace with a chipmaking chief.

Like many economists, Jan Hatzius had predicted tariffs could cause inflation and slow economic growth.

Changes to the American labor market brought on by the arrival of generative AI are already showing up in employment data, according to a Goldman Sachs economist. There are signs of a hiring pullback in the technology sector, hitting younger employees there the hardest, according to Joseph Briggs, senior global economist of Goldman's research division.

The president is expected to sign an executive order as soon as this week that targets so-called debanking of businesses including crypto companies.

Investors love dividend stocks, especially those with high yields, because they provide a substantial income stream and offer significant total return potential.

Goldman Sachs has named Marko Ratesic as vice chairman of the consumer retail group within its investment bank, according to a memo seen by Reuters on Monday.