Author: Press Room

Goldman Sachs’ profits plunged two-thirds last quarter, missing expectations and capping a grim year that has forced the bank to embark on its largest cost-cutting exercise since the financial crisis. It was the Wall Street bank’s fifth straight quarter of falling profits and Goldman has already moved to cut more than 3,000 jobs, slash bonuses and launch a review of spending. The drop in fourth-quarter profit reported on Tuesday was led by a sharp slowdown in investment banking activity as higher interest rates and a weakening global economy ended a multi-year dealmaking boom.“Simply said, our quarter was disappointing and our…

One night in November, Madi Swegle was making dinner when her period cramps started to come on — and they were intense.At first, the 24-year-old labor and delivery nurse just thought it was a bad period, she tells TODAY.com. But about an hour later, the cramps got much more painful.”I usually have pretty tolerable periods. They really have never bothered me that much,” Swegle says. “But this was totally different.”She grabbed a heating pad and went upstairs to the bathroom. “I had my husband bring me some water,” Swegle says. “I was nauseous from the pain. I had chills.”Swegle says she sat…

Doing what’s best for her family. Holly Madison opened up about her children and how she and ex-husband Pasquale Rotella are tackling coparenting. “I’m really lucky to be coparenting with somebody who also understands that all they want is what’s best for the kids,” the Girls Next Door alum, 43, exclusively told Us Weekly ahead of the premiere of her new Investigation Discovery show The Playboy Murders. She continued: “And I think if both coparents are approaching it from that level, you can never go wrong. But unfortunately, not everybody’s that lucky. Sometimes you’re dealing with people who really have…

The province of Nova Scotia says it will spend $8 million to build modular housing projects which will provide affordable, transitional housing for health-care workers “in communities where housing options are limited.” A release from the Department of Municipal Affairs and Housing said having more housing options will help with recruiting and retaining health-care workers.“We need health-care workers, and we know some communities are having challenges recruiting and retaining them due to limited housing options,” said Housing Minister John Lohr in the release.“The modular housing model has been successful in other jurisdictions. This investment will help support our health-care workers with…

CNN  —  A New York man has been arrested and charged with felony assault and aggravated harassment after allegedly attacking a woman and then making an anti-Asian remark toward her on New Year’s Eve, the Manhattan District Attorney’s Office said. Christopher McCormack, 55, allegedly pushed a 56-year-old woman to the ground on New Year’s Eve in Manhattan, then made an anti-Asian statement before fleeing the scene, according to the District Attorney’s Office. “Stupid Asian b*tch, do you want another one?” McCormack allegedly said to the victim, according to a complaint from the District Attorney’s Office. McCormack, who is White, was…

Former President Trump said in an interview this week that he’s prepared to “handle” a potential challenge from Florida Gov. Ron DeSantis for the 2024 Republican presidential nomination. Trump, who declared his candidacy for the White House in November, remains the front-runner for the GOP nomination and still enjoys strong support from Republican voters. But recent polls have shown DeSantis leading a hypothetical 2024 presidential primary, and major GOP donors have floated the Florida governor as an alternative candidate, one who at 44 would be a younger, fresher face and who carries no baggage from the contested 2020 presidential election. Speaking on…

A Democrat-led Virginia Senate committee has voted down a bill that would have allowed prosecutors to charge drug dealers with second-degree murder if a user dies of an overdoseRepublican Gov. Glenn Youngkin had thrown his support behind such a measure, highlighting it in a speech last week.The Senate Judiciary Committee voted the measure down on an 8-7 vote Monday, the Richmond Times-Dispatch reported, after hearing from opponents who said it could discourage drug users from calling 911 if they see someone overdosing.Senate Majority Leader Dick Saslaw broke with his fellow Democrats and voted to move the bill forward, according to…

Nine men were lashed in public in southern Afghanistan on Tuesday as punishment for different crimes under the country’s new rulers, a Taliban-appointed official said.The lashings were the latest example of harsh policies imposed by the Taliban since they seized power in the country in August 2021 — policies that reflect their interpretation of Islamic law, or Sharia.Haji Zaid, a spokesman for the governor’s office in southern Kandahar province, said in a tweet that the lashings took place at the sports stadium in the city of Kandahar, the provincial capital.Each man was lashed between 35 and 39 times in front…

New video shows the chaotic moment accused ISIS-inspired terrorist Sayfullo Saipov was confronted and shot by an NYPD officer shortly after he drove a truck into a bike lane off the West Side Highway and fatally mowed down eight people. The dramatic footage, entered into evidence by federal prosecutors at Saipov’s Manhattan trial, shows the suspect running across the West Side Highway holding what appears to be a pistol in each hand. As he approaches Chambers Street, Saipov, wearing a blue tracksuit, can be seen pointing the weapons at a responding officer — who unleashes a fusillade of shots, one…

Tuesday was not the celebration that David Solomon was hoping for. Analysts wished the Goldman Sachs chief executive happy birthday on the bank’s earnings call. There was little to celebrate after that. A deal dearth and Goldman’s disappointing foray into consumer banking could be distilled into a single figure: a measly 4.4 per cent annualised return on equity in the fourth quarter. That smacked of the tough times it was going through before the pandemic-related surge in trading and dealmaking. Even Solomon, 61, was forced to concede the performance of the US investment bank was “disappointing”. On the same day,…