Goldman Sachs CEO Highlights Increased Recession Risks

During a conference call following the release of Goldman Sachs Group Inc.'s latest earnings report, CEO David Solomon expressed concerns over the increasing likelihood of a recession. He emphasized that global economic activity is expected to slow down, signaling potential challenges ahead.

Trump's Trade Policies: A Gradual Approach

Solomon also commented on President Donald Trump's foreign trade policies, particularly his "more gradual" approach to tariffs. This comes after Trump decided to pause the majority of planned duties set to take effect on April 9, allowing a 90-day window for negotiations.