News

On December 17, according to foreign media reports, Goldman Sachs is restructuring parts of its Technology, Media, and Telecommunications (TMT) investment banking division to better seize the opportunities brought by the rapid development of the artificial intelligence industry and its supporting infrastructure. An internal memo shows that Yasmine Coupal and Jason Tofsky will jointly lead a newly established "Global Infrastructure Technology" division, which is formed by integrating the original telecommunications and CoreTech teams. Kyle Jessen will serve as the head of infrastructure technology M&A and will continue to be responsible for the semiconductor business. Another newly established division is the "Global Internet and Media" group. A Goldman Sachs spokesperson has confirmed the authenticity of the memo.

Jinse Finance reported, citing The Wall Street Journal, that according to informed sources, Trump will interview current Federal Reserve Governor Waller on Wednesday local time regarding the position of Federal Reserve Chairman. Last week, Trump interviewed former Federal Reserve Governor Kevin Warsh. Trump stated that Warsh and Hassett are currently his two favorite candidates. Since the beginning of this year, Waller has become the main voice within the Federal Reserve advocating for interest rate cuts. At the Federal Reserve's July meeting, where rates were kept unchanged, Waller cast a dissenting vote in support of a rate cut. Waller is the most favored candidate for Federal Reserve Chairman among economists and is highly regarded on Wall Street, as his arguments for rate cuts this year are considered logically clear and consistent, and he is seen as capable of bridging the growing divisions within the Federal Reserve. Several of his arguments for rate cuts have already been adopted by current Chairman Powell. Waller will deliver a speech on the economic outlook on Wednesday evening Beijing time.