companiesGoldman Sachs profit surges amid trading boom Goldman Sachs dwarfed Wall Street estimates as its fourth-quarter profit more than doubled, powered by another blowout performance at its trading business and a surge in fees from underwriting a series of blockbuster IPOs.
businessGold more than worth its weight as Covid boosts pricesGold steadied near $1,800 an ounce -- a level last seen at the end of 2011 -- as investors weighed the accelerating coronavirus spread in the US against tentative signs of economic improvement in some regions.
businessWall Street tumbles as China trade tensions add to Covid-19 American jobless woesWall Street’s main indexes were lower in choppy trading and European indices tumbled, as renewed worries about China-US trade relations added to fears of an extended economic downturn due to the virus outbreak.