Alex Ossola
👤 PersonAppearances Over Time
Podcast Appearances
In other news, we're exclusively reporting that Goldman Sachs is expanding its push into financing data centers and other infrastructure so the bank can grab a bigger piece of the AI boom.
The Wall Street giant is creating a team within its global banking and markets division that will focus on financing infrastructure, both for the AI build-out and for building and improving traditional infrastructure like toll roads and airports.
That's according to people familiar with the matter.
And the investment bank Jefferies appears to have calmed investors' worst fears about its involvement in the collapse of auto parts maker First Brands.
At the bank's investor day yesterday, CEO Rich Handler said Jefferies believes it was defrauded and that he doesn't see the collapse of the auto parts supplier as a sign of broader credit issues.
Jefferies shares rose almost 6 percent.
Its stock tumbled 11 percent yesterday after the WSJ published a report about the firm's ties to First Brands through both its investment banking and asset management divisions.
In other trading today, American Express shares jumped more than 7 percent after the credit card company said its cardholders spent more and card fees grew, boosting profit.
Stocks overall rose after some fresh comments from President Trump about new tariffs he's threatened to put on goods from China.
He said in a television interview that those extra charges weren't sustainable.
The Dow, the S&P 500, and the Nasdaq all closed about half a percent higher.
The three indexes also finished the week higher, with the S&P rising 1.8 percent overall to close back near records after several turbulent days of trading.
Coming up, how Walmart, once known for its low pay, became a case study for how to treat workers.
That's after the break.
There are tremors in the peace process between Israel and Hamas that underscore the fragility of the high-stakes deal.
The truce is stumbling after Hamas failed to return all of the bodies of dead hostages that remain in Gaza.
Israel knew Hamas wasn't able to locate all of them, but the militant group's initial decision to return only four bodies looked like stalling to Israel and set off a political skirmish.
And even thornier issues lie ahead, such as the disarmament of Hamas.
But the two sides must first pass the initial phase of the deal they agreed to last week, which was supposed to be the easy part.
Former National Security Advisor John Bolton appeared in federal court for the first time today, following his indictment yesterday for allegedly mishandling classified information.