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"Looking For Truth? …In Bonds There Are Fewer Lies" Authored by Bill Blain via MorningPorridge.com, “Believe whatever you want about equities, but in bonds there is truth..” The Stock Market Rollercoaster will continue a while longer, but a decisive divergence point is coming! Corporate debt is likely to crack on rising rates, price distortion, forgotten risk metrics, and rising defaults. It will signal the perilous financial health of some sectors – bursting the current bubble violently. Anyone for the last few choc-ices? Meanwhile, back to the Unreal World, let me introduce you to a new Blain’s market mantra: If you are looking for truth in markets, in bonds there are fewer lies. Aren’t we having fun in the equity market. Up, Down, Shake it all about. Amazon down 15% one day and up 13% the next. Facebook among the most volatile stocks on the block. Around the globe investors wake up wondering if it’s a risk on or off day, wholly uncertain what they believe about equity market uncertainty… The question is why…?

NEW YORK, Feb 7 ― Jury selection is expected to begin today in the US corruption trial of a former Goldman Sachs banker accused of involvement in the looting of billions of dollars from Malaysia’s 1MDB sovereign wealth fund. Roger Ng,…

NEW YORK — Jury selection is expected to begin on Monday in the U.S. corruption trial of a former Goldman Sachs banker accused of involvement in the looting of billions of dollars from Malaysia’s 1MDB sovereign wealth fund. Roger Ng, Goldman’s former head of investment banking in Malaysia, has pleaded not guilty to conspiring to […]

Goldman Sachs Group Inc. lessened its stake in Nokia Co. by 34.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The…

Day after day, the scene has replayed: Roger Ng, a former Goldman Sachs banker, leaves his Manhattan apartment and, with an electronic monitor strapped to his ankle, heads downtown to build the case that might save him from prison.It’s been nearly three years since Ng landed in the US from Southeast Asia to face federal charges over his role in a scheme to loot billions from the Malaysian fund known as 1MDB. In that time Malaysia’s former prime minister has been convicted of crimes while…

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Goldman Sachs recommends buying the defensive real asset gold; Bridgewater Associates founder Ray Dalio recommends a greater allocation to gold; and the gold rush returns to California after a long hiatus.

American Dream Megamall Has Just $820 In Its Reserve Account After Making $9.3 Million Interest Payment New Jersey''s massive "American Dream" megamall looks as though it''s officially mega-broke. It has just $820 (numbers not in thousands) in its reserve fund and it''s now "unclear" whether or not the mall''s owners will be able to make their next interest payment on about $290 million of debt, according to CNBC . The mall just made an interest payment of $9.3 million but has another interest payment slated for August of this year. The mall is planning on opening more than 100 new retail, entertain and restaurant shops this year, a spokesperson for the mall said. The complex is about 3 million square feet and sits on about 90 acres. It charges about $115 for day passes to its water park and about $80 for day passes to its indoor ski slope (every mall needs one). But bond servicer Trimont Real Estate Advisors said this week that the mall wasn''t offering mandatory updates on project expenses and performance, the report says.

Stephen Scherr, who was with Goldman Sachs for nearly 30 years, will succeed interim CEO Mark Fields.

Goldman Sachs (GS) cites survey data indicating a surge in absenteeism during the month to expect Omicron-led temporary declines in the US Nonfarm Pay

Benzingas weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, in tribute to Black History Month, the duel is between a pair of Black-owned companies in the biopharmaceutical sector : Axsome Therapeutics Inc. (NASDAQ: AXSM ) and Global Blood Therapeutics Inc. (NASDAQ: GBT ). The Case For Axsome Therapeutics: This New York City-based company was founded in 2012 by the Haitian-born Dr. Herriot Tabuteau , who has served as its chairman and CEO since the company began. Tabuteau has a Bachelor of Arts in molecular biology and biochemistry from Wesleyan University and an M.D. from Yale University School of Medicine. He previously worked as an analyst for Goldman Sachs (NYSE: GS ), where he specialized in healthcare analysis, and for HealthCor , a fund focused on healthcare and life sciences. Dr. Herriot Tabuteau Axsome Therapeutics, which has been publicly-traded since 2015, focuses on treating disorders impacting the central nervous system including depression, chronic pain, narcolepsy, fibromyalgia and Alzheimer''s disease.

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors

Wall Street bonuses swelled to their largest in more than a decade, compensating bankers for a banner 2021.Goldman Sachs (GS) spent an average of 23% more per employee for the past

Goldman Sachs Chief Executive David Solomon has been clear that he thinks working from home is an aberration. But the bank he runs has quietly allowed people to continue to telecommute, On the Money has learned.

Photo Illustration by Grayson Blackmon / The Verge Turning the ‘Great Resignation’ into good business It’s an interesting time to talk to someone in the business of helping people get new jobs — we’re still fully in the middle of the pandemic-driven Great Resignation, and a record 4.5 million people quit their jobs in November 2021 , and it doesn’t seem to be slowing down. But that’s exactly what Career Karma and CEO Ruben Harris are doing. Career Karma helps job-seekers identify potential new career paths, then matches them with coding boot camps and other training programs to help them on their way. Ruben and his team just raised $40 million in Series B funding for a total of $52 million, and it’s launching a live audio feature for job seekers to connect and talk about their career paths. So, of course, I wanted to talk to Ruben about what they plan to do with that infusion of cash and how exactly they plan to grow — and to talk about how Career Karma makes money, what he’s learned from his community about the future of the job market, and if he thinks the traditional 9 to 5 might be on the way out.

Goldman Sachs <> boosts CEO David Solomon''s annual pay to $35M in 2021 from $17.5M in 202, according to an SEC filing submitted late Friday.Solomon''s 2021 compensation includes