Goldman Sachs CEO Highlights Increased Recession Prospects

During a recent conference call following Goldman Sachs Group Inc.'s latest earnings report, CEO David Solomon expressed concerns over the increasing likelihood of a recession. He also pointed to growing expectations of a slowdown in global economic activity.

Trump's Trade Policies: A Gradual Approach

Solomon commented positively on United States President Donald Trump's "more gradual" approach to tariffs. This comes after Trump decided to pause the majority of planned duties set to take effect on April 9, providing a 90-day window for negotiations.