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Goldman Sachs

Business
Goldman Sachs To Fire Over 1,300 Workers, Report Says Goldman Sachs To Fire Over 1,300 Workers, Report Says
Goldman Sachs To Fire Over 1,300 Workers, Report Says New York City-based multinational investment bank and financial services company Goldman Sachs plans to lay off over 1,300 employees, according to a report by The Wall Street Journal. The move is part of an annual review process that culls low performers, the report said, noting the numbers of those getting fired may wind up being as high as 1,800 out of the company's global workforce of around 45,000. The layoffs have already started and will continue through the fall, according to the report. Click here to read the complete Wall Street Journal report.

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by Joe Lombardi
Business
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Investors hoping the major dip in the stock market last week was just a blip were greeted with even more losses on Monday, Aug. 5, as fears of a recession and global turmoil sent stocks tumbling. The Dow Jones Industrial Average fell 1,200 points at one point but closed 1,000 down. The S&P 500 dropped more than 3 percent and the Nasdaq fell 3.4 percent.  The massive sell-off began on Friday after a US jobs report showed that employer hiring in July had slowed more than analysts had predicted. Investors were already on edge over fears the US Federal Reserve had left interest ra…

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by Josh Lanier
News
Fairfield County Financier's Fatal Fall Came Week After Facing Pair Of Criminal Charges Fairfield County Financier's Fatal Fall Came Week After Facing Pair Of Criminal Charges
Fairfield County Financier's Fatal Fall Came Week After Facing Pair Of Criminal Charges A Connecticut investment banker who plunged to his death from a rooftop bar in Manhattan was facing two misdemeanor criminal charges tied to a domestic incident. Fairfield County resident Dale L. Cheney, age 46, of New Canaan, jumped from Bar 54 at the Hyatt Centric Times Square New York at 135 West 45th St. in Manhattan on Wednesday, Jan. 25 around 6:30 p.m., according to the New York City Police.  On Friday, Jan. 27, the New York City Office of the Chief Medical Examiner ruled Cheney's death a suicide. Days earlier, on Monday, Jan. 16, Cheney was arrested by New Canaan Police o…

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by Kathy Reakes
News
New Details Emerge After Investment Banker From Fairfield County Jumps To Death New Details Emerge After Investment Banker From Fairfield County Jumps To Death
New Details Emerge After Investment Banker From Fairfield County Jumps To Death A Connecticut father of three who jumped to his death from a rooftop bar in New York City had filed for divorce the day before his deadly leap. Fairfield County resident Dale L. Cheney, of New Canaan, jumped from Bar 54 at the Hyatt Centric Times Square New York at 135 West 45th St. in Manhattan on Wednesday, Jan. 25 around 6:30 p.m. New York City Police officials said officers found the 46-year-old founder of a private investment fund unconscious and unresponsive.  EMS responded and pronounced Cheney dead at the scene, NYPD said. "Preliminarily, the deceased does not …

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by Kathy Reakes
News
Fairfield County Father Of 3 Falls To Death From NYC Rooftop Bar, Report Says Fairfield County Father Of 3 Falls To Death From NYC Rooftop Bar, Report Says
Fairfield County Father Of 3 Falls To Death From NYC Rooftop Bar, Report Says Click here for an updated story: New Details Emerge After Investment Banker From New Canaan Jumps To Death A man who fell to his death from a rooftop bar in New York City has been identified as the founder of a private investment fund and father of three from Connecticut, according to a report by the New York Post.  Fairfield County resident Dale L. Cheney, of New Canaan who founded Darien-based T-street Capital in 2013, fell from Bar 54 at the Hyatt Centric Times Square New York at 135 West 45th St. in Manhattan on Wednesday, Jan. 25 around 6:30 p.m. He landed on the street and was pronou…

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by Ben Crnic
Politics
Persona Non Grata: Embattled NY Rep-Elect Santos Endures Lonely First Days In Congress Persona Non Grata: Embattled NY Rep-Elect Santos Endures Lonely First Days In Congress
Persona Non Grata: Embattled NY Rep-Elect Santos Endures Lonely First Days In Congress Embattled New York Congressman-elect George Santos received a less than warm welcome from colleagues during his first week on Capitol Hill. Pictures and video on social media show the Republican politician, who represents the 3rd District on Long Island’s North Shore and parts of Queens, sitting alone in the House chamber during the repeated rounds of voting to elect a speaker. Previous Report: Pants On Fire: DA Launches Probe Into Nassau Congressman-Elect Who Lied About Past, Report Says It was clear right from the start of the 118th Congress that Santos had become a social pariah after …

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by Michael Mashburn
News
COVID-19: Here's When Fourth Shot May Be Needed, Moderna CEO Says COVID-19: Here's When Fourth Shot May Be Needed, Moderna CEO Says
Covid-19: Here's When Fourth Shot May Be Needed, Moderna CEO Says The chief executive officer of Moderna has gone on record saying when another round of COVID-19 vaccine booster shots could be required. Moderna CEO Stephane Bancel said this week that due to the efficacy of the vaccine potentially waning over time, a fourth booster could be required before the fall of 2022. Bancel made the proclamation at a Goldman-Sachs-organized healthcare conference, noting that his company is working on a booster shot dedicated to combating the Omicron variant of the virus, which will likely be made available within the next two months. According to recent studies, bo…

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by Zak Failla
News
Details Emerge After Construction Magnate, Wife Allegedly Shot By Son At Long Island Mansion Details Emerge After Construction Magnate, Wife Allegedly Shot By Son At Long Island Mansion
Details Emerge After Construction Magnate, Wife Allegedly Shot By Son At Long Island Mansion New details have emerged after the son of a Long Island construction magnate and his wife has been arrested after allegedly shooting the couple inside their 8,751-square foot, $3.2-million Long Island mansion on Christmas Day. Dino Tomassetti, age 29, of Maspeth Avenue in Brooklyn, was arrested late Saturday, Dec. 25, by New York State Police, said the Nassau County Police.  Police said early Monday, Dec. 27, that no charges have been filed in the attempted murder of his parents, Rocco Tomassetti, age 65, and 64-year-old Vinceta Marsicano-Tomassetti inside their Hewlett Harbor mansion abou…

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by Kathy Reakes
Business
COVID-19: Some Popular Household Items Will Soon Cost More Due To Supply Issues COVID-19: Some Popular Household Items Will Soon Cost More Due To Supply Issues
Covid-19: Some Popular Household Items Will Soon Cost More Due To Supply Issues Some prominent household items are going to cost consumers more as companies prepare for potential strains on supplies due to a potential second COVID-19 wave. Proctor & Gamble became the latest company to announce that it plans to hike prices between 4 percent and 9 percent on items that include baby products, adult diapers, and feminine care brands beginning in September. Other items, such as Tide laundry detergent and Charmin toilet paper, may also become more expensive, depending on how the country rebounds from the latest surge of the virus. According to Proctor & Gamble CEO J…

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by Zak Failla
Police & Fire
Don Jr. Leaves NY As City Cancels Trump Organization Contracts, PGA, Corporate America Cut Ties Don Jr. Leaves NY As City Cancels Trump Organization Contracts, PGA, Corporate America Cut Ties
Don Jr. Leaves NY As City Cancels Trump Organization Contracts, PGA, Corporate America Cut Ties Donald Trump Jr. has become the latest member of the First Family to flee New York amid more fallout tied to the circumstances surrounding his father's unprecedented second impeachment. According to reports, Trump Jr. is following in the footsteps of his sister, Ivanka, who already left New York to establish residence in Florida. The move comes as the PGA moved the 2022 championship from the Trump golf course in Bedminister, New Jersey, and corporate America began severing all ties with the much-maligned president. Reports stated that Trump Jr. is looking at homes in Jupiter, Florida, less…

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by Zak Failla
News
COVID-19: Goldman Sachs Eyes Move To Florida In Latest Business Blow To NY Amid Pandemic COVID-19: Goldman Sachs Eyes Move To Florida In Latest Business Blow To NY Amid Pandemic
Covid-19: Goldman Sachs Eyes Move To Florida In Latest Business Blow To NY Amid Pandemic Goldman Sachs may be the latest New Yorker to head for sunnier pastures down in Florida. The financial heavyweight reportedly has plans to set up one of its key divisions in Florida, dealing a financial blow to New York as it continues contending and combating the COVID-19 pandemic. According to reports, executives have been eyeing locations in south Florida to potentially house their asset management division in an effort to cut costs and save money by getting out of the Empire State. It is unclear how much of the business, which generates billions in New York, may move. “With all due r…

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by Zak Failla
Lifestyle
Another Giant Clothier Falls: These NJ, NY, CT Brooks Brothers Stores Are Closed For Good Another Giant Clothier Falls: These NJ, NY, CT Brooks Brothers Stores Are Closed For Good
Another Giant Clothier Falls: These NJ, NY, CT Brooks Brothers Stores Are Closed For Good It was the clothier that dressed 40 presidents, brought us the button-down polo shirt and survived not only the Great Depression and two world wars but also casual Fridays. But like so many other traditional retailers, Brooks Brothers was no match for the coronavirus. The 202-year-old company – considered America's oldest apparel seller -- on Wednesday filed for bankruptcy protection while announcing that 38 stores that it closed amid the COVID-19 pandemic weren't reopening. The shuttered stores in New Jersey, New York and Connecticut include: The Shops at Riverside, Hackensack; 2381…

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by Jerry DeMarco