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Apple sees $43 billion in market value wiped out after warning the coronavirus will push revenue below forecasts

Apple attributed the nullified forecast to a near-term hit to global iPhone supply and weaker demand in China.
A man wearing protective mask uses his phone as he walks on a pedestrian bridge, following the outbreak of the new coronavirus in China, in Jakarta

GOLDMAN SACHS: Coronavirus will hit global growth 10 times harder than a major US hurricane — but only in the short term

Coronavirus' economic impact is only temporary — it's also meaningful, according to Goldman Sachs analyst Zach Pandl.

Goldman Sachs CEO David Solomon says ‘it’s too early’ for markets to react to Bernie Sanders’ booming campaign

Solomon shrugged off a late-Tuesday tweet from his predecessor Lloyd Blankfein that admonished Bernie's campaign, adding "that was Lloyd being Lloyd."
Democratic U.S. presidential candidate Senator Bernie Sanders speaks at the Our Rights Our Courts Presidential Forum event in Concord

Wall Street is unfazed by Bernie Sanders so far since investors believe Trump would demolish him in an election matchup

The new calculus among Wall Street investors could easily reverse if Sanders appears likely to win the White House in November.

Former Goldman Sachs intern sues the bank, alleging it fostered a ‘fraternity culture’ that left him ‘grievously injured’

Patrick Blumenthal's lawyers allege his manager repeatedly forced the intern to drink and mocked employees for not participating in the "hazing."
Rebekah Neumann

The spiritual mastermind behind WeWork, the execs Jeff Bezos counts on, and the last town before Mars

Adam and Rebekah Neumann. Jeff Bezos. Elon Musk. They dominated business headlines through 2019, and this week, I wanted to highlight a bunch of great stories on that very group.
Goldman Sachs CEO David Solomon speaks at the Vanity Fair New Establishment Summit

Goldman Sachs is going through a huge transformation under CEO David Solomon. Here’s everything you need to know.

The bank has big consumer ambitions and is shedding its old-school image, and a slew of partners have headed for the exits.

GOLDMAN SACHS: Coronavirus fallout isn’t enough to slow global growth in 2020

Reduced exports to China and weaker spending by Chinese tourists will directly affect Thailand, Taiwan, and Korea in the first quarter, Goldman said.
Security personnel wearing masks cross a road at the Financial Street in central Beijing

Here’s how much damage each of Asia’s 11 major industries has incurred since the coronavirus outbreak

The Wuhan coronavirus, the fast-spreading illness that has infected over 20,000 and killed at least 426, has Asian financial markets on edge.

GOLDMAN SACHS: Crowding in Big Tech is hitting dot-com bubble levels — but don’t expect a similar implosion

The FAAMG group, consisting of Facebook, Amazon, Apple, Microsoft, and Google-parent Alphabet, currently account for 18% of the S&P 500 index.