Goldman profit hit by weaker trading, rising expenses; shares tumble

Jan 18 (Reuters) – Shares of Goldman Sachs Group (GS.N) fell as much as 8% on Tuesday after Wall Street’s top investment bank missed quarterly earnings expectations, hampered by weaker trading earnings and growing expenses. The stock slump put Goldman on track for its worst single-day performance since June 2020, shedding about $10 billion from … Read more

U.S. grocery shortages deepen as pandemic dries supplies

Jan 14 (Reuters) – High demand for groceries combined with high freight costs and Omicron-related labor shortages are creating a new round of delays at processed food and fresh produce companies, leading to empty supermarket shelves at major US retailers. Producers of perishables across the West Coast are paying nearly triple pre-pandemic freight rates to … Read more