Goldman Sachs went big into consumer lending under Lloyd Blankfein via its Marcus unit and had made more than $4 billion in loans in the past two years. Now CEO David Solomon is a support of the push into consumer debt but the company is cutting back on lending, according to Bloomberg.
The cut to 2019 lending targets "reflects concern about the stage of the credit cycle and changes in market data," the report says.
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US oil reserve at 43-yr low! Traders eye price impact & supply risks. Will it boost energy stocks?
Goldman cuts Brent forecast to $80 for 2026, $75 for 2027 on Hormuz deal Goldman's second cut in a week signals the bank thinks the Hormuz reopening is moving faster than the market assumed.
China's May data showed industrial output beating expectations at 4.5% but retail sales falling 0.6%, the first decline since the pandemic, as domestic demand and fixed asset investment deteriorated sharply.
BOJ set to hit 1% but vote split, bond taper pause and July signals are the real story The hike is the headline; the vote count, the taper and Uchida's tone are the market.
China data May 2026: Industrial output +4.5% y/y (expected +4.2%) Economic activity data for China, May 2026. Retail sales decline, the first since the pandemic
US oil reserve at 43-yr low! Traders eye price impact & supply risks. Will it boost energy stocks?
China house prices May 2026 -3.5% y/y (prior -3.5%) China's struggling housing sector continues to struggle
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