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Goldman Sachs

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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
Politics
George Santos Lied In Court To Help 'Family Friend' Who Made Fraudulent Credit Cards: Report George Santos Lied In Court To Help 'Family Friend' Who Made Fraudulent Credit Cards: Report
George Santos Lied In Court To Help 'Family Friend' Who Made Fraudulent Credit Cards: Report Embattled New York Congressman George Santos once lied in a Seattle courtroom to help a Brazilian man who admitted to making fraudulent credit cards, Politico reports.  While testifying under oath in King County Superior Court in Washington State in 2017, the now Republican lawmaker told the judge that the defendant, Gustavo Trelha, was an old family friend who knew his parents, and that he would help the man get an Airbnb while he was out on bail, according to the outlet. Related Report: 'I've Been A Terrible Liar,' George Santos Admits After He 'Got Away With It' In 2020 Santos, whose 3…

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by Michael Mashburn
Politics
NY Rep. George Santos: 'I Would've Never Gotten Nomination' Without Lying About Education NY Rep. George Santos: 'I Would've Never Gotten Nomination' Without Lying About Education
NY Rep. George Santos: 'I Would've Never Gotten Nomination' Without Lying About Education New York Rep. George Santos finally came clean about why he lied on the campaign trail in a brand-new interview. The freshman Republican lawmaker, who represents the 3rd District in Nassau County and parts of Queens, told Newsmax in the interview that aired Thursday night, Feb. 9 that his campaign victory would not have been possible if he had been honest about not having a college degree. "I would have never gotten the nomination from Nassau County GOP if I had not concluded college," Santos told Newsmax. "To say that I deceived, and (ran) a campaign of deception is just not fair. That'…

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by Michael Mashburn
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
NY Rep. Santos Hid Donation Sources, Spent Campaign Cash On Personal Expenses: Complaint NY Rep. Santos Hid Donation Sources, Spent Campaign Cash On Personal Expenses: Complaint
NY Rep. Santos Hid Donation Sources, Spent Campaign Cash On Personal Expenses: Complaint New York Congressman George Santos - already the subject of local, state, federal, and international investigations after admitting that he lied about his background on the campaign trail - is now facing a formal ethics complaint filed with the Federal Election Commission (FEC), CBS News reports.  A civil complaint filed Monday, Jan. 9, by the nonprofit Campaign Legal Center accuses Santos, a Republican representing the 3rd District on Long Island’s North Shore and parts of Queens, of illegally using campaign funds for personal expenses, according to the outlet. The complaint also accu…

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by Michael Mashburn
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
Politics
Incoming NY Rep. Santos Used Made-Up Name For Pet Charity's Online Fundraiser, Report Says Incoming NY Rep. Santos Used Made-Up Name For Pet Charity's Online Fundraiser, Report Says
Incoming NY Rep. Santos Used Made-Up Name For Pet Charity's Online Fundraiser, Report Says New York’s embattled incoming Congressman George Santos is facing new accusations that he lied about his background while on the campaign trail. The Republican, set to represent the state’s 3rd Congressional District on Long Island’s North Shore, and parts of Queens, appears to have used the alias “Anthony Zabrovsky” for a pet charity on a GoFundMe campaign that has since been deleted, The Hill reports.  Earlier Report: Pants On Fire: DA Launches Probe Into Nassau Congressman-Elect Who Lied About Past, Report Says Santos previously claimed that his mother’s family’s historical Jewish name…

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by Michael Mashburn
News
Pants On Fire: DA Launches Probe Into NY Congressman-Elect Who Lied About Past, Report Says Pants On Fire: DA Launches Probe Into NY Congressman-Elect Who Lied About Past, Report Says
Pants On Fire: DA Launches Probe Into NY Congressman-Elect Who Lied About Past, Report Says Incoming New York Congressman George Santos is now at the center of a potential criminal investigation after admitting that he lied about his background on the campaign trail, NBC New York reports.  Nassau County District Attorney Anne Donnelly revealed Wednesday, Dec. 28, that her office is investigating the Republican politician following his admission that he “embellished” his resume and lied about graduating from college, the outlet reports. Earlier Report: NY Congressman-Elect May Have Lied About Key Parts Of Resume, Report Says “The numerous fabrications and inconsistencies associat…

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by Michael Mashburn
Politics
Incoming NY Congressman Accused Of Fabricating Background To Address Questions 'Next Week' Incoming NY Congressman Accused Of Fabricating Background To Address Questions 'Next Week'
Incoming NY Congressman Accused Of Fabricating Background To Address Questions 'Next Week' Incoming New York Congressman George Santos will wait until after Christmas to address accusations that he duped voters into backing him by fabricating major parts of his resume. Santos, a Republican set to represent the state’s 3rd District on Long Island’s North Shore and parts of Queens beginning in January 2023, addressed the controversy in a post on Twitter Thursday, Dec. 22. Earlier Report: NY Congressman-Elect May Have Lied About Key Parts Of Resume, Report Says “To the people of #NY03 I have my story to tell and it will be told next week,” Santos said. “I want to assure everyon…

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by Michael Mashburn
Politics
NY Congressman-Elect May Have Lied About Key Parts Of Resume, Report Says NY Congressman-Elect May Have Lied About Key Parts Of Resume, Report Says
NY Congressman-Elect May Have Lied About Key Parts Of Resume, Report Says A newly-elected Congressman from New York appears to have duped voters into backing him by lying about major parts of his resume, the New York Times reports.  Republican George Santos, who is set to represent the state’s 3rd Congressional District on Long Island’s North Shore and parts of Queens beginning in January 2023, may have lied about working as a “seasoned Wall Street financier and investor,” according to the outlet. Citigroup and Goldman Sachs, where Santos previously claimed to have worked, have no record of him, the New York Times reports. His supposed alma maters, Baruch Colleg…

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by Michael Mashburn