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.
Landing founder and CEO Bill Smith shares how the company’s new Nomad pass and partnership with Frontier Airlines allows subscribers unlimited airfare and accommodations.
The pandemic yielded government financial support and (eventually) a surprisingly strong job market — but racial wealth disparities grew. Why is it so difficult to close the wealth gap?
Plenty of retailers and suppliers are reducing the variety of their offerings to focus instead on what they think will sell best. Many businesses have decided less is better, justifying their limited selection by asserting shoppers don’t want so much choice.
Joe Pompliano, author of the Huddle Up newsletter, breaks down the biggest moments from Super Bowl LVIII, from potentially record-breaking viewership to Taylor Swift’s highly anticipated appearance.
David Wright, President and owner of Wright Financial Group, shares his thoughts on why the Federal Reserve seems hesitant to cut rates, and why regional bank stocks could help move the needle.
Disney and Fortnite-maker Epic Games will collab on making new video games with Disney characters. Hopefully it will be more than Mickey Mouse hitting the Griddy.
Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs, leading to increased prices for chocolate. The company anticipates its full-year earnings per share being relatively flat, partly due to higher cocoa and sugar costs.
Prince Harry has reached an out-of-court settlement with a tabloid newspaper publisher that invaded his privacy with phone hacking and other illegal snooping. Attorney David Sherborne said that Mirror Group Newspapers had agreed to pay Harry’ “substantial” costs and damages.
