Imagine a world where a single messaging app has become the heart of South Korea's 15th largest conglomerate by assets. That's the reality for Brian Kim, the founder of Kakao Corp. He's now facing trial for allegedly rigging prices during the takeover battle for K-pop powerhouse SM Entertainment Co.
Goldman Sachs is warning of a $400M writeoff, but is it a wake-up call for the bank or just a speed bump? The storied investment bank is expecting a 10% decline in trading revenue due to tough fixed-income conditions and year-over-year comparisons. But what's behind this unexpected hit? Was it a has
Goldman Sachs is set to take a $400 million pre-tax hit in the third quarter due to the unwinding of its General Motors credit card platform and the sale of real estate loans. The bank is in talks to hand over its GM credit card business to Barclays, a deal that would see the transfer of roughly $2
Imagine a world where Wall Street banks are unstoppable forces, leveraging artificial intelligence to increase profitability and transform their businesses. Recent years have seen big banks like Goldman Sachs, Bank of America, Morgan Stanley, Wells Fargo, and JPMorgan Chase ramp up their generative
It's been quite the week in the world of business! First up, retail drama queen LL Flooring had a last-minute change of heart about shutting down all its stores. After securing a buyer in private equity firm F9, they signed on to sell their assets and ongoing operations - crisis averted (for now).
Goldman Sachs is bracing for a hefty $400 million pretax loss in its third-quarter earnings, a direct result of its struggle to establish a foothold in the consumer market. CEO David Solomon admitted this financial blow at a recent conference, attributing it to the bank's decision to offload its ill
Steward Health Care's bankruptcy has left patients, medical professionals, and communities reeling. The Senate HELP Committee is determined to get answers from the man at the center of it all - Dr. Ralph de la Torre.What exactly went wrong with Steward? How could a massive hospital system with 30 f
Israel's relentless air raids in Gaza have claimed the lives of over a dozen people, including women and children, as health workers desperately try to contain a polio outbreak. While Israel claims its actions target Hamas militants, the question remains: is this a necessary response, or are innoce
Crime dramas captivate us because they explore the darker side of humanity, a world most of us rarely encounter. Max offers a compelling selection, but one stands out: 'The Player.' This isn't your typical police procedural. 'The Player' plunges into the heart of Hollywood, where ambition and power
As the death toll continues to rise in Gaza, a silent epidemic threatens to cripple an entire generation. The recent confirmation of Palestine's first polio case in 25 years has sent health officials into a frenzy, launching an ambitious nine-day vaccination campaign to prevent a large-scale outbre
