Goldman Sachs is promoting Carey Halio, its head of strategy and investor relations, to global treasurer. Effective June 1st, Halio will be responsible for managing the bank's over $1.6 trillion balance sheet. She will report to CFO Denis Coleman and oversee a team of 900. Philip Berlinski, the current global treasurer, is leaving to become co-COO of Millennium Management.
Apple, Alphabet, and Tesla stocks have recently faced challenges. Apple, in particular, has struggled due to lower iPhone sales, legal issues, and project cancellations. Despite these setbacks, Apple's loyal consumer base and upcoming changes to increase revenue per device remain strong. Generative AI is a promising new technology, but analysts are concerned that Apple may fall behind in this area. Additionally, antitrust and geopolitical tensions could impact Apple's earnings.
