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Goldman Sachs Cutting About 125 MDs; JPMorgan Cuts 40 Dealmakers

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Wall Street firms are slashing more jobs. Goldman Sachs Group Inc. has started cutting managing directors across the globe, according to people familiar with the matter. And JPMorgan Chase & Co. is cutting about 40 investment bankers in North America. Vonnie Quinn reports on Bloomberg Television.
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11 Comments

11 Comments

  1. @williamwallace6508

    January 8, 2024 at 6:56 pm

    "MDs" what a joke.

  2. @stephanienguyen6992

    January 8, 2024 at 6:56 pm

    Employees are doing more work on the daily tasks. We don't need high level of MD, SVP, VP, Directors, Senior Managers, Managers. Big Banks and Private Banks – can SAVE Billions / Millions Dollars, do basic math, charts, schedules. These peoples are going for lunch 3 to 5 hours = Check the Downtown Bars, Restaurants, etc… ????

  3. @suleimanpeshawari1032

    January 8, 2024 at 6:56 pm

    That’s 525m – 750n of savings

  4. @t23001

    January 8, 2024 at 6:56 pm

    Current problems impacting deal flow: Runaway U.S. government spending causing higher interest rates, the FTC’s crusade against mergers, new SEC regulations on SPACs (much needed), and flight to quality in the venture capital market.

  5. @YAHVISIONRowles

    January 8, 2024 at 6:56 pm

    Wow, this does not look good for the economy🤓😎

  6. @praveenspike

    January 8, 2024 at 6:56 pm

    Its a depression, compare the original data of the 30's.

  7. @erikperik1000

    January 8, 2024 at 6:56 pm

    chatGPT gets a lot of work done

  8. @waynehornberger9825

    January 8, 2024 at 6:56 pm

    Wealth of the wicked is layed up for me they shall gather it up but I shall put it on he that by usery and Unjust gain increaset his substance he shall gather it up for me because I pity the poor they work for me

  9. @juniorjr5328

    January 8, 2024 at 6:56 pm

    125 MDs… wow

  10. @dangood2287

    January 8, 2024 at 6:56 pm

    News released over weekend. Smart

  11. @manonamission2000

    January 8, 2024 at 6:56 pm

    average salary of an MD may explain it

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Makary on FDA’s rollback of hormone replacement therapy warnings #shorts #fda #hrt #womenshealth

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Dr. Marty Makary, former FDA Commissioner, explains the decision behind the FDA’s rollback of long-standing warnings on hormone replacement therapy. On Wall Street Week we look at the $360 billion women’s health market, Wall Street’s investment in menopause and the challenges of distinguishing evidence-based care from marketing hype https://bloom.bg/3EMZYZX

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Maine Democrats Face Tight Senate Deadline

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Bloomberg’s Boston Bureau Chief Brooke Sutherland says Maine Democrats are racing to choose a new Senate nominee after Graham Platner withdrew, leaving the party with little time to unify behind a replacement in a race viewed as critical to control of the Senate. She says party leaders face pressure over the candidate vetting process as delegates prepare to select a nominee from a crowded field ahead of the filing deadline.
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AI May Not Solve Demographic Decline

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Martha Gimbel, executive director and cofounder of the Budget Lab at Yale University, says artificial intelligence is unlikely to offset the economic challenges of an aging population, arguing the US is confronting two major transitions at the same time rather than one solving the other. She says AI could improve productivity in some areas, particularly by helping caregivers with physically demanding tasks, but questions whether consumers will embrace automation in roles where human interaction remains essential.
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Chipotle CEO on expanding into Mexico

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“We believe Mexico is a really important milestone for our great brand as we continue to lean into our global strategy. It’s an important country for us, we recognize and admire the culinary heritage that is a part of the Mexican culture,” says Chipotle Mexican Grill CEO Scott Boatwright on the chain’s global expansion https://bloom.bg/4wKJnvc

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Delta Will Do Just Fine With High Fuel Prices, CEO Says

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Delta Air Lines Chief Executive Officer Ed Bastian says higher fuel prices are not deterring travel. He says the carrier is actually seeing strong demand for premium, corporate and international travel. He also talks about how some customers are choosing a better seat on the plane over perks they could get in first class. He speaks to Bloomberg’s Lisa Abramowicz at Delta headquarters in Hapeville, Georgia on “Bloomberg Surveillance.”
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