Goldman Sachs has reorganized parts of its global markets division following a difficult first quarter, consolidating two trading desks and replacing three senior managers, according to people familiar with the matter who were not authorized to speak publicly.
Category: Business
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Wall Street Slips as Fed Signals No Rate Cut Until Fall
U.S. stocks declined Tuesday after Federal Reserve officials indicated they were unlikely to lower interest rates before September, dashing expectations of an early-summer cut that had buoyed equities for weeks.
The S&P 500 fell 1.4%, while the tech-heavy Nasdaq closed down nearly 2%.