Goldman Sachs Group Inc. slashed Chief Executive David Solomon’s 2020 pay by 36%, punishment for the bank’s admission last year that it broke U.S. laws in its dealings with an investment fund at the heart of a global corruption ring.
As the Biden administration looks to pass a third major economic stimulus program quickly, some of its allies on Capitol Hill and elsewhere are mulling mixing up the formula for payments to households, looking to make them recurring instead of the lump sums seen in the past.
Advanced Micro Devices Inc. expects strong data center and gaming sales to keep sales strong into 2021 after the chip maker topped $3 billion in quarterly revenue for the first time late Tuesday and its results and outlook both topped Wall Street estimates.