Tag

Financial Transition

All articles tagged with #financial transition

finance2 years ago•1 min saved

"Goldman Sachs Smashes Earnings Expectations with Surging Stock Trading"

Goldman Sachs Group Inc. exceeded profit expectations with a significant surge in its equities-trading unit, which saw a revenue increase three times higher than analysts' projections. The asset and wealth division also contributed to the gains, achieving its highest quarterly revenue in two years due to the sale of a financial-management business. However, the results were dampened by underperforming fixed-income trading and investment-banking fees.

via Bloomberg|

#asset-management #equity-trading #finance

spaceflight2 years ago•3 min saved

Virgin Galactic's VSS Unity Space Plane Grounded in 2022, Stock Soars

Virgin Galactic's VSS Unity space plane will be grounded until January 2024 and will fly just once or twice more before being permanently grounded in mid-2024. This move is to free up resources for the development of the next-generation suborbital vehicle, the Delta class. The Delta craft will have a higher flight cadence and revenue generation potential compared to Unity. Virgin Galactic aims to begin flight tests of the first Delta spacecraft in 2025 and bring it into service in 2026. The company also announced layoffs of about 18% of its workforce to decrease costs and strategically realign resources.

via Space.com|

#delta-class #financial-transition #spaceflight