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  • Goldman Sachs to Combine 4 Units And Plan to Raise Money

    Goldman Sachs to Combine 4 Units And Plan to Raise Money

    Goldman Sachs Group (GS) plans to combine four separate units that invest in private companies, real estate and other hard-to-access deals, create a new unit and plan a fundraising blitz, according to people familiar with the matter, cited by the Wall Street Journal. The division’s exact makeup will take shape over the next few months, but it is likely to... Continue reading

     
  • Manufacturing PMI Hits Lowest Since October 2016 as Trade Worries Bite

    Manufacturing PMI Hits Lowest Since October 2016 as Trade Worries Bite

    The US manufacturing purchasing managers’ index hit the lowest reading in two and a half years last month as supplier deliveries and inputs softened and trade tensions hit sentiment in the sector. The manufacturing PMI came in at 52.1%, down from 52.8% reported in April and hitting the lowest level since October 2016 even as the measure still showed growth... Continue reading