What you need to know on Wall Street today

FILE PHOTO: Goldman Sachs Group, Inc. Chairman and Chief Executive Officer Lloyd Blankfein speaks at the Clinton Global Initiative 2014 (CGI) in New York
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Goldman Sachs has a plan.

The US investment bank, which has been under pressure over its misfiring bond trading business, on Tuesday set out a strategy to generate an additional $1 billion plus in fixed income, currencies and commodities revenues. The plan, presented by Harvey Schwartz, president and co-chief operating officer, at the Barclays Financial Services Conference, also identified a further $4 billion in revenue opportunities in other business areas across the group. Here’s what you need to know:

Schwartz also said “it’s still a pretty challenging environment” in fixed income. That means that Wall Street is facing a gloomy reality.

The Delivering Alpha conference is taking place today. Here are the headlines:

In other finance news, BlackRock, the world’s largest asset manager, is reshuffling some of its top execs. Mike Cagney is stepping down as the CEO of SoFi. And Hong Kong is becoming too expensive for bankers.

Apple is expected to unveil three new iPhone models – including the dramatically redesigned iPhone X – today at its first event inside the new ‘spaceship’ campus. Here’s what you need to know:

Lastly, Business Insider’s Ben Zhang flew on Honda’s new $4.9 million private jet, and he said it’s an absolute game-changer.