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In this article AAPL WFC BAC JPM GS Follow your favorite stocks CREATE FREE ACCOUNT David Solomon, Goldman Sachs, at Marcus event Goldman Sachs CEO David Solomon is reining in his ambition to make the 153-year-old investment bank a major player in U.S. consumer banking. After product delays, executive turnover, branding confusion, regulatory missteps and deepening financial losses, Solomon on Tuesday said the firm was pivoting away from its previous strategy of building a full-scale digital bank. Now, rather than "seeking to acquire customers on a mass scale" for the business, Goldman will instead focus on the Marcus customers it already has, while aiming to market fintech products through the bank's workplace and wealth management channels, Solomon said. The moment is a humbling one for Solomon, who seized on the possibilities within the nascent consumer business after becoming CEO four years ago. Goldman started Marcus in 2016, named after one of the bank's cofo...

In this article GS CCL TWTR ENPH Follow your favorite stocks CREATE FREE ACCOUNT A Tesla service and sales center is shown in Vista, California, June 3, 2022. Mike Blake | Reuters Check out the companies making headlines in midday trading Wednesday. Tesla, Twitter — Shares of Tesla fell 5.5% after a Tuesday filing confirmed that CEO Elon Musk agreed to buy Twitter for $54.20 per share, the original price he'd agreed upon for the acquisition. Shares of Twitter slumped 1%, taking a breather after surging more than 22% on Tuesday. related investing news Airbnb is a buy as it could soon become the biggest western travel company, Bernstein says Alex Harring 7 hours ago Cathie Wood snaps up $32 million worth of Tesla shares after sell-off Yun Li a day ago Morgan Stanley, Goldman Sachs — Shares of Morgan Stanley and Goldman Sachs dropped 2.3% and 2.8%, respectively, following downgrades from Atlantic Equities. The firm said the two investment banks have few positive catalysts ahead as the...

In this article GS Pavlo Gonchar | LightRocket | Getty Images Goldman Sachs will lift all its Covid-19 requirements in most offices beginning Sept. 6 in an effort to incentivize its employees to return to the office more than two years into the pandemic. According to a memo sent Tuesday and obtained by CNBC, the bank will no longer require its workers to be vaccinated to enter its offices or to test and wear face coverings. The policy applies to most offices with the exception of those in Lima and New York City. Unvaccinated employees in New York City will still need an approved religious or medical exemption to enter the bank's office spaces, according to the memo. The news from Goldman Sachs comes as companies across the world grapple with how to balance Covid-19 restrictions and the desire to bring workers back in person more than two years after lockdowns began . It should be noted that the memo didn't specifically require workers to come into the office. Instead, it enc...