Goldman Sachs, with big earnings jump, is having a profitable pandemic
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File Photo: One big change at Goldman from the last time it reported revenue this high is how much of it went into employees’ pockets
(REUTERS)
Peter Rudegeair
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For many Americans, 2020 was a year to forget. For Goldman Sachs Group Inc., it was one for the record books.
Fueled by the markets’ quick recovery from the worst of the pandemic-induced recession, Goldman generated $44.56 billion in annual revenue, the most since 2009, harking back to the last time the bank successfully navigated a crisis and its aftermath. Trading revenue for 2020 reached a 10-year high.
New Stellantis CEO plans to preserve factories, offer more distinctive brands
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(Bloomberg)
Nora Naughton
, The Wall Street Journal
The newly combined auto maker, created by the merger of Fiat Chrysler and PSA, began trading in New York on Tuesday
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Stellantis N.V.’s new Chief Executive Carlos Tavares outlined his vision for the newly combined auto maker Tuesday, saying he would preserve factories, draw more distinctions between brands and reassess troubled operations in China.
Shares of the new auto-making company, created through the merger of Fiat Chrysler Automobiles NV and Peugeot-maker PSA Group over the weekend, began trading in New York on Tuesday morning, following its debut on the Paris and Milan stock exchanges on Monday.