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Goldman Sachs
Hartford, CT
Business
Higher Costs Grounding Winter Travel Plans For Most Americans, Survey Finds
Winter vacations are feeling out of reach for many Americans, as rising prices and President Donald Trump’s tariffs squeeze household budgets, according to a new study. WalletHub released its 2025 Winter Travel Survey on Wednesday, Oct. 15. The personal finance website found that 54% of Americans say inflation will affect their winter travel plans. More than half (51%) also believe that a weaker dollar will impact what they can afford. According to Morgan Stanley, the US dollar's value fell about 11% in the first half of 2025, the biggest drop since 1973. One in four Americans sa…
Hoboken, NJ
Business
Hoboken Billionaire Named To Forbes 400 List Of Richest Americans
Four New Jersey residents have secured spots on Forbes’ 400 Richest People in America for 2025. Elon Musk topped the overall list with a net worth of $428 billion, but the Garden State had strong representation across industries from hedge funds to technology. John Overdeck, 55, of Short Hills and cofounder of investing powerhouse Two Sigma, ranked highest among New Jersey’s billionaires at No. 172 with a net worth of $8 billion. He is the cofounder of Two Sigma, a quantitative investing firm managing $60 billion in assets. Rocco Commisso, 75, of Saddle River, the CEO of Mediacom, ca…
Greenburgh, NY
News
'Focus On Being A DJ,' Trump Tells Goldman Sachs CEO From Hartsdale After Tariff Warning
President Donald Trump is taking aim at Goldman Sachs CEO David Solomon and telling him to focus on his side gig after economists at the Wall Street giant's bank warned that American consumers may soon bear the brunt of the president's tariffs. In a Truth Social post on Tuesday, Aug. 12, Trump defended his trade policy, claiming that “trillions of dollars are being taken in on tariffs” and that the measures have been “incredible for our country, its stock market, its general wealth, and just about everything else.” The post came days after Goldman Sachs' chief economist Jan Hatzi…
Ashford-Willington, CT
News
43-Year-Old Yale Grad ID'd As Victim In Deadly NY Mass Shooting
One of the three civilian victims in an active shooting incident at one of midtown Manhattan's prime skyscrapers has been identified as an executive at Blackstone, one of the world's largest alternative asset managers. Wesley LePatner, a senior managing director at the company and mother of two, was one of five people killed in the incident on Wednesday, July 28, at 345 Park Ave., which includes the NFL headquarters. Click here for a new, updated story: Young Associate At Real Estate Company Among Those Killed In NYC Mass Shooting "Words cannot express the devastation we feel," …
Albany, NY
News
Cold Play Kiss Cam Fallout: Astronomer CEO Andy Byron Resigns
A kiss-cam cameo at a Coldplay show just toppled the top boss at Astronomer. Andy Byron stepped down as chief executive after he and Kristin Cabot, the company’s HR officer, were shown together on the stadium’s “kiss cam” during the band’s Wednesday, July 16 concert at Gillette Stadium in Foxboro, Massachusetts. Both are married. Video of the moment ricocheted across social media, igniting speculation and forcing the Cincinnati-based DataOps firm into damage-control mode. Astronomer confirmed Byron’s departure Saturday afternoon, July 19, in a statement posted on X. The company wrote that&…
Arlington, VA
Business
Inflation Cooled In March Before Trump's Tariffs Fueled Market Collapse, New Data Says
Inflation slightly eased in March, just before President Donald Trump's sweeping tariff announcement sent Wall Street spiraling, wiping out trillions in market value before a temporary tariff pause. The consumer price index (CPI) fell 0.1% in March, the first decline since October, the Bureau of Labor Statistics said on Thursday, April 10. Prices climbed 2.4% from March 2024, the slowest annual increase since early 2021. Wall Street was bracing for a hotter inflation report. The Dow Jones consensus estimated headline inflation to be 2.6% and core inflation to be 3%, CNBC reported. Gas…
Arlington, VA
Business
Trump Retreats From Many Tariffs, Raises China's Rate To 125% After Days Of Market Freefall
President Donald Trump has stepped back from many of his tariffs while escalating Chinese duties even higher, sparking a dramatic market comeback after some of the worst trading days since the start of the COVID-19 pandemic. The 90-day pause will apparently apply to some tariffs for more than 75 countries that haven't issued retaliatory duties. Trump announced the halt on his social media platform Truth Social on Wednesday, April 9. A 10% tariff will remain in place for the countries included in the pause. The White House said the 10% duty will also apply to Canada and Mexico, NBC News…
Arlington, VA
Business
Trump Slaps 104% Tariff On China As Markets Resume Freefall, Recession Fears Grow
President Donald Trump will place a jarring 104% tariff on Chinese goods, wiping out gains on Wall Street after three chaotic days of trading that wiped out trillions from US markets and elevated recession fears. White House Press Secretary Karoline Leavitt confirmed the dramatic tariff rise during a news conference on Tuesday, April 8. The new 104% duty will officially begin at 12:01 a.m. on Wednesday, April 9. China's tariff rate was raised to a combined 54% when Trump announced his "liberation day" tariffs on Wednesday, April 2. A 34% additional tariff was added to Trump's pre-existing 2…
Arlington, VA
Business
Volatile Markets Spiral As Trump Threatens China, White House Denies Tariff Pause Rumor
Chaos has shaken Wall Street for a third day as the White House denied rumors of a pause on President Donald Trump's sweeping new tariffs that sparked the worst sell-off since the start of the COVID-19 pandemic. The Dow Jones Industrial Average opened down roughly 1,250 points on Monday, April 7. The massive drop continued the market freefall that happened in the aftermath of Trump's "liberation day" announcement. Soon after trading opened, the Dow surged back into the green by around 10:15 a.m. The bounce back appeared to be in response to social media posts claiming Trump was conside…
Arlington, VA
Business
Market Freefall Deepens After Trump's Sweeping Tariffs Despite Moderate Job Gains In March
Unemployment inched up in March – slightly higher than economists expected – as stock markets crashed and Big Tech companies saw their worst single-day loss on record in response to President Donald Trump's aggressive new tariffs. March's unemployment rate was 4.2%, the Bureau of Labor Statistics said on Friday, April 4. That was slightly higher than the 4.1% forecast as the labor force participation rate also rose, CNBC reported. The US added 228,000 nonfarm payrolls in March, significantly higher than the Dow Jones estimate of around 140,000. The BLS also reduced …
Arlington, VA
Business
Stocks Plunge, US Dollar Drops As Economists Warn Trump's Tariffs Are 'Worst Case Scenario'
Stocks plummeted on Wall Street and a wave of panic selling swept through global markets reacting to President Donald Trump's widespread "liberation day" tariffs. The tariff announcement sent stocks into their worst tailspin of 2025 so far and dragged the US dollar to a six-month low on Thursday, April 3. Trump unveiled the sweeping 10% tariffs on all imports and far steeper rates for key trade partners on Wednesday, April 2. By 11 a.m., the Dow Jones Industrial Average had plunged about 1,590 points, down 3.77%. The S&P 500 fell 4.35% – or about 247 points – while the Nasdaq …
Arlington, VA
Business
Trump Imposes Sweeping Tariffs Amid Economic Fears, Says US Was 'Raped' By Trade Partners
President Donald Trump has announced sweeping new tariffs, accusing allies and adversaries of looting the US economy, despite consumer confidence sinking domestically and growing recession fears. Trump revealed the tariffs during a news conference in the Rose Garden at the White House on Wednesday, April 2. The President called the day "liberation day," alluding to what he claims is a trade imbalance caused by his predecessors. The new measures impose a baseline 10% tariff on all imports. Those will begin on Saturday, April 5, according to the White House. Sharply higher rates for dozens o…
New Rochelle, NY
Business
Recession Odds Sharply Rise Before Trump's 'Liberation Day' Tariff Rollout: Goldman Sachs
Goldman Sachs has nearly doubled the odds of a US recession, warning that President Donald Trump's sweeping new tariffs could drive up prices, slow growth, and force the Federal Reserve to cut interest rates because of higher unemployment. A recession is now 35% possible in 2025, the investment banking firm said in an economics research report published on Sunday, March 30. That's a dramatic increase from Goldman Sachs' 20% prediction made earlier in March. The increased odds come as Trump prepares to roll out sweeping new tariffs on Wednesday, April 2, which the President has dubbed "…
Drexel Hill-Upper Darby, PA
Sports
Katie Florio Wins Philadelphia Marathon Women's Title
Philadelphia's own Katie Florio, 30, clinched the women's title at the 2024 Philadelphia Marathon on Sunday, November 24, with a time of 2:32:42.1. This victory marks a significant milestone, as Florio is the first local woman to win the race since 2022. Florio, a private wealth advisor at Goldman Sachs and a Penn State alumna, resides in Center City. She credited her familiarity with the course, stating, "Living in the city, I run these streets twice a day." The men's division saw 25-year-old William Loevner from Pittsburgh take the top spot with a time of 2:16:12.0. The marathon, now…
Hackensack, NJ
Business
Forbes Ranks Bergen County Billionaire Among Richest People In America
"Forbes" has released its list of richest American residents. And, yet again, three New Jersey residents were named. Rocco Commisso, John Overdeck, and Peter Kellogg all made the cut. The billionaire trio also were ranked among the richest billionaires in the world last April by Forbes. On the Forbes 400 list of Americans, Overdeck came in at No. 160, with a net worth of $7.4B; Commisso at No. 200 with a net worth of $6.4B; and Kellogg at No. 288 with a net worth of $4.6B. Commisso, 74, of Saddle River is the founder and CEO of cable company Mediacom based in Chester, New York, and the ri…
Greenwich, CT
Business
Goldman Sachs To Fire Over 1,300 Workers, Report Says
New York City-based multinational investment bank and financial services company Goldman Sachs plans to lay off over 1,300 employees, according to a report by The Wall Street Journal. The move is part of an annual review process that culls low performers, the report said, noting the numbers of those getting fired may wind up being as high as 1,800 out of the company's global workforce of around 45,000. The layoffs have already started and will continue through the fall, according to the report. Click here to read the complete Wall Street Journal report.
Bridgeport, CT
Business
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital
Investors hoping the major dip in the stock market last week was just a blip were greeted with even more losses on Monday, Aug. 5, as fears of a recession and global turmoil sent stocks tumbling. The Dow Jones Industrial Average fell 1,200 points at one point but closed 1,000 down. The S&P 500 dropped more than 3 percent and the Nasdaq fell 3.4 percent. The massive sell-off began on Friday after a US jobs report showed that employer hiring in July had slowed more than analysts had predicted. Investors were already on edge over fears the US Federal Reserve had left interest ra…
Hackensack, NJ
Business
Forbes Names NJ Billionaires To List Of Richest People In The World —
Again
Some Garden Staters are raking in the dough. New Jersey residents once again made Forbes' annual list of the world's billionaires, with three ranking in the top 800, based on net worth. The Garden Staters you most want to hit up for cash are: No. 322: Rocco Commisso, 73, is the founder and CEO of cable company Mediacom based in Chester, New York and the richest man in New Jersey with a net worth of $8.8 billon. The Saddle River resident immigrated to the United States from Italy when he was 12 years old. His first job was playing the accordion during movie theater intermissions. No. 364.…
Paramus, NJ
Politics
Sick
Burn
: George Santos Says NJ First Lady Tammy Murphy 'Just Ain't It' On Cameo
Recently expelled New York Congressman George Santos (R-Long Island) has crossed state lines and weighed in on the New Jersey Senate Race, and he's no fan of Tammy Murphy, the wife of Gov. Phil Murphy. Santos recently recorded a Cameo video where he takes shots at the First Lady of New Jersey, who is running for the Democratic nomination for Senator, hoping to replace embattled Senator Bob Menendez, who has been indicted on federal corruption charges. "Endorsing Tammy Murphy is essentially endorsing the boss' wife or else," Santos said in a video shared on Twitter. "I understand you all hav…
Paramus, NJ
Politics
Citizen Murphy: NJ First Lady Announces Run For U.S. Senate
Tammy Murphy is hoping to go from Drumthwacket to the Capitol Building. Ending weeks of speculation, Murphy, the wife of New Jersey Governor Phil Murphy, announced on Wednesday, Nov. 15, she is running for U.S. Senate as a Democrat, in the seat currently occupied by embattled Senator Bob Menendez. Murphy made the announcement in a four-minute autobiographical video, telling her life story while also highlighting her priorities as first lady, including reducing the state's maternal mortality rate and combating climate change. "I am so proud of everything we've accomplished but I know …
Northern Highlands, NJ
News
Saddle River Billionaire Makes Forbes 400 List Of 'Richest In America' Again
Some Garden Staters are raking in the dough. Three New Jersey residents made Forbes' annual list of the 400 richest Americans, based on net worth. The New Jerseyians you most want to hit up for cash are: 114. Rocco Commisso, 73, is the founder and CEO of cable company Mediacom based in Chester, New York and the richest man in New Jersey with a net worth of $8.8 billon. The Saddle River resident immigrated to the United States from Italy when he was 12 years old. His first job was playing the accordion during movie theater intermissions. 137. John Overdeck, 53, is the co-founder of …
Bristol, PA
Obituaries
Son Of Former Philadelphia Eagle Hugh Douglas Killed In Car Crash
The son of former Philadelphia Eagle defensive end Hugh Douglas was killed in a car crash outside Atlanta on Labor Day. Douglas' son, also named Hugh Douglas, was studying business administration at Morehouse College and was set to graduate in the class of 2025. Both Douglas and his roommate, Christion Files Jr., were in a vehicle heading south on a roadway at a high rate of speed when they passed another vehicle at a curve, according to Morehouse officials and Georgia State Police. "The vehicle left the roadway and struck a power pole, rotated, struck another power pole, and overturned,"…
Jersey City, NJ
Politics
Jersey City Mayor Steven Fulop Runs For NJ Governor
Steven Fulop is officially throwing his hat in the ring. The Jersey City mayor announced on Tuesday, April 11 that he will be seeking the Democratic nomination for governor in 2025. Gov. Phil Murphy is term limited and cannot seek re-election. "My career has always been guided by a strong desire to take on difficult challenges and find solutions that help improve peoples’ lives," Fulop said in a press release. "I’ve never backed down from a fight before, and I’m ready to work hard for all the people of our great state to deliver the results New Jersey deserves." Following the Sept. …
Massapequa, NY
Politics
George Santos Lied In Court To Help 'Family Friend' Who Made Fraudulent Credit Cards: Report
Embattled New York Congressman George Santos once lied in a Seattle courtroom to help a Brazilian man who admitted to making fraudulent credit cards, Politico reports. While testifying under oath in King County Superior Court in Washington State in 2017, the now Republican lawmaker told the judge that the defendant, Gustavo Trelha, was an old family friend who knew his parents, and that he would help the man get an Airbnb while he was out on bail, according to the outlet. Related Report: 'I've Been A Terrible Liar,' George Santos Admits After He 'Got Away With It' In 2020 Santos, whose 3…
Massapequa, NY
Politics
NY Rep. George Santos: 'I Would've Never Gotten Nomination' Without Lying About Education
New York Rep. George Santos finally came clean about why he lied on the campaign trail in a brand-new interview. The freshman Republican lawmaker, who represents the 3rd District in Nassau County and parts of Queens, told Newsmax in the interview that aired Thursday night, Feb. 9 that his campaign victory would not have been possible if he had been honest about not having a college degree. "I would have never gotten the nomination from Nassau County GOP if I had not concluded college," Santos told Newsmax. "To say that I deceived, and (ran) a campaign of deception is just not fair. That's…
Elizabeth, NJ
News
NJ Native, Financier's Fatal Fall Came Week After Facing Pair Of Criminal Charges
A Connecticut investment banker with roots in New Jersey who plunged to his death from a rooftop bar in Manhattan was facing two misdemeanor criminal charges tied to a domestic incident, according to court papers obtained by Daily Voice. Dale L. Cheney, 46, of New Canaan jumped from Bar 54 at the Hyatt Centric Times Square New York at 135 West 45th St. in Manhattan on Wednesday, Jan. 25 around 6:30 p.m., according to the New York City Police. On Friday, Jan. 27, the New York City Office of the Chief Medical Examiner ruled Cheney's death a suicide. Days earlier, on Monday, Jan. 16, Ch…
Alexandria, VA
News
VA Native, Financier's Fatal Fall Came Week After Facing Pair Of Criminal Charges
A Connecticut investment banker with roots in Virginia who plunged to his death from a rooftop bar in Manhattan was facing two misdemeanor criminal charges tied to a domestic incident. Dale L. Cheney, 46, of New Canaan — who according to his obituary grew up in Alexandria — jumped from Bar 54 at the Hyatt Centric Times Square New York at 135 West 45th St. in Manhattan on Wednesday, Jan. 25 around 6:30 p.m., according to the New York City Police. On Friday, Jan. 27, the New York City Office of the Chief Medical Examiner ruled Cheney's death a suicide. Days earlier, on Monday, Jan. 16,…
New Canaan, CT
News
New Canaan Financier's Fatal Fall Came Week After Facing Pair Of Criminal Charges
A Connecticut investment banker who plunged to his death from a rooftop bar in Manhattan was facing two misdemeanor criminal charges tied to a domestic incident. Fairfield County resident Dale L. Cheney, age 46, of New Canaan, jumped from Bar 54 at the Hyatt Centric Times Square New York at 135 West 45th St. in Manhattan on Wednesday, Jan. 25 around 6:30 p.m., according to the New York City Police. On Friday, Jan. 27, the New York City Office of the Chief Medical Examiner ruled Cheney's death a suicide. Days earlier, on Monday, Jan. 16, Cheney was arrested by New Canaan Police o…
New Canaan, CT
News
New Details Emerge After Investment Banker From New Canaan Jumps To Death
A Connecticut father of three who jumped to his death from a rooftop bar in New York City had filed for divorce the day before his deadly leap. Fairfield County resident Dale L. Cheney, of New Canaan, jumped from Bar 54 at the Hyatt Centric Times Square New York at 135 West 45th St. in Manhattan on Wednesday, Jan. 25 around 6:30 p.m. New York City Police officials said officers found the 46-year-old founder of a private investment fund unconscious and unresponsive. EMS responded and pronounced Cheney dead at the scene, NYPD said. "Preliminarily, the deceased does not …
Fort Lee, NJ
News
Financier Takes Fatal Leap From NYC Rooftop Bar Day After Filing For Divorce: Report
A Connecticut dad and financier fell to his death from a rooftop bar in New York City just one day after he filed for divorce from his wife, according to a report by the New York Post. Dale L. Cheney, of New Canaan, who founded Darien-based T-street Capital in 2013, fell from Bar 54 at the Hyatt Centric Times Square New York at 135 West 45th St. in Manhattan on Wednesday, Jan. 25 around 6:30 p.m. He landed on the street and was pronounced dead, the media outlet reported. The death is now being investigated as a suicide, the news outlet said. Cheney fell from Bar 54, located at the t…
New Canaan, CT
News
New Canaan Dad Of 3 Falls To Death From NYC Rooftop Bar, Report Says
Click here for an updated story: New Details Emerge After Investment Banker From New Canaan Jumps To Death A man who fell to his death from a rooftop bar in New York City has been identified as the founder of a private investment fund and father of three from Connecticut, according to a report by the New York Post. Fairfield County resident Dale L. Cheney, of New Canaan who founded Darien-based T-street Capital in 2013, fell from Bar 54 at the Hyatt Centric Times Square New York at 135 West 45th St. in Manhattan on Wednesday, Jan. 25 around 6:30 p.m. He landed on the street and was pronou…
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