Money

Goldman Sachs forces full return to work, ends “Summer Fridays”

Published

3 years ago

August 23, 2023

In a bid to restore the traditional office routine, Goldman Sachs CEO David Solomon has decided to terminate the company’s ‘Summer Fridays’ policy, which had allowed employees greater flexibility.

The move is part of the bank’s efforts to bring staff back to the office for a full five-day workweek.

Human resources chief Jacqueline Arthur issued a statement to The Post, stating, “While there is flexibility when needed, we are simply reminding our employees of our existing policy. We have continued to encourage employees to work in the office five days a week.”

This renewed emphasis on in-office work comes as Goldman Sachs’ Wall Street headquarters reportedly appeared “totally dead” on Fridays. This phenomenon occurred after interns had completed their terms, and a significant number of employees opted to work remotely to extend their weekends, as sources have disclosed to The Post.

Solomon, who has faced criticism amid a dip in the bank’s profits this year, has been resolute in his commitment to re-establishing the in-office work culture. However, the timing of the reinforcement of this policy just before Labor Day has raised eyebrows among many of the bank’s employees.

Employee anger

One employee commented, “I think David’s really missing (another) trick if he thinks sending out that five-day note at this point will gain friends.” They asserted that they have no intention of following the new policy.

Additional sources expressed their frustration, questioning the bank’s focus on strict attendance when morale within the organization is reportedly at a low point. They also pointed out that despite Goldman’s comparatively high attendance rates in contrast to other banks like Citi and JPMorgan, it has not translated into a clear benefit for the company.

Goldman Sachs is currently facing multiple challenges, including a 58% drop in earnings in the most recent quarter, investigations into its handling of advising Silicon Valley Bank before its collapse, a significant write-down of its Greensky acquisition, and contemplation of selling its investment advisory unit.

Despite management’s push, many employees are expected to return to the office voluntarily after Labor Day, rendering the heavy-handed approach potentially unnecessary.

Money

Middle East crisis: Global markets, tech, and supply chains under pressure

Published

19 hours ago

March 4, 2026

Harvey Vargas

Navigating global uncertainty as the Middle East crisis reshapes markets, technology, and supply chains

The ongoing Middle East crisis is sending shockwaves through global markets, driving energy prices higher and intensifying volatility. Investors are facing growing uncertainty as inflationary pressures mount and risk sentiment shifts. Supply chains are under stress, with key trade routes disrupted, forcing businesses worldwide to rethink logistics, procurement, and operational strategies.

The technology sector is feeling the ripple effects as semiconductors, critical components, and AI infrastructure come under pressure. Volatility in tech stocks is rising, while defence and cybersecurity firms are navigating both new risks and opportunities. At the same time, investment in renewable energy and energy tech could accelerate as companies adapt to energy price surges and seek more resilient solutions.

Brad Gastwirth from Circular Technologies joins us to break down what these developments mean for global markets and long-term strategic planning.

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#MiddleEastCrisis #GlobalMarkets #TechIndustry #EnergyPrices #SupplyChain #InvestorAlert #AI #Innovation

Money

Australia’s inflation report and Nvidia earnings impact explained

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

Published

7 days ago

February 26, 2026

Harvey Vargas

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

Australia’s latest inflation report is creating waves across the market, with questions about interest rates, the strong performance of the Aussie dollar, and the uneven nature of the stock market rally. Investors are watching closely as changes in carry trade risks this month add another layer of complexity.

David Scutt from StoneX discusses what these shifts mean for trading strategies and the broader economic outlook. He provides insight into how underlying factors are shaping investor confidence and market dynamics.

On the tech side, Nvidia’s upcoming earnings are expected to influence AI development and the broader tech sector. Coupled with trends in SaaS and bitcoin price action, these movements are signalling how investor sentiment is evolving in a fast-changing landscape.

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#AustraliaEconomy #InflationReport #AussieDollar #NvidiaEarnings #AIInvesting #StockMarketNews #BitcoinTrends #SaaSInsights

Money

U.S. stocks rally as AMD, Home Depot, and AI software lead gains

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

Published

1 week ago

February 25, 2026

Harvey Vargas

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

U.S. tech stocks surged as investors’ fears over AI disruption eased. Advanced Micro Devices jumped 9% after Meta announced a multiyear deal to deploy AMD’s graphics processing units for AI data centres. The move highlights growing corporate confidence in AI infrastructure investments.

DocuSign also rose 3% following Anthropic’s confirmation that Claude Cowork can integrate with DocuSign, Google Drive, and Gmail, signalling stronger adoption of AI tools across industries.

The iShares Expanded Tech-Software Sector ETF climbed 2% despite remaining over 30% below its 52-week high, showing tech stocks are recovering but still have room to run.

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