Investors Give Goldman a Thumbs Up for Going Down Market

Major banks—Citigroup, J.P. Morgan Chase, Wells Fargo, Bank of America, and Morgan Stanley—kicked off earnings season reporting last week. But even as they beat Wall Street’s expectations, investors, who remembered that the economic cycle might be losing steam, yawned. Except for Goldman Sachs, which saw a close to 2% share price bump. Investors liked what […]

Breaking Up Facebook ‘Won’t Be Enough,’ Says Morgan Stanley Boss. Here’s His Proposal.

New York City’s just-concluded “blockchain week” was palpably more subdued than it has been in years past. (Or maybe I was just not invited back to the parties after my 2018 travelogue.) In any case, I took a brief break from the madness of the Fortune 500 issue close to drop by the Consensus conference, […]

Cyber Saturday—Facebook Data Ownership, WhatsApp Phone Hack, ‘Blockchain Week’

New York City’s just-concluded “blockchain week” was palpably more subdued than it has been in years past. (Or maybe I was just not invited back to the parties after my 2018 travelogue.) In any case, I took a brief break from the madness of the Fortune 500 issue close to drop by the Consensus conference, […]

Investing in China: All Bets Are Off

Last August, in my first post for Adam’s Data Sheet newsletter, I warned that Chinese tech companies might be headed for a “capital winter.” Alas, that dire prediction appears to be coming true. The Economist, citing research by CB Insights, noted last week that, in the last three months of 2018, deals to commit venture […]

J.P. Morgan Moves Investment Bankers Into Open Office Spaces

J.P. Morgan Chase is breaking barriers–literally. The bank is tearing down walls in many of its investment banking offices and instituting shared desks, an approach that has been popular in the tech industry for years, according to Reuters. Walls came tumbling down for J.P. Morgan’s investment bankers in San Francisco and are in the process […]