BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Goldman Sachs CEO Warns of Rising U.S. Recession Risks: Here is Why

by Sham
April 14, 2025
in CRYPTO, FINANCE, OPINION, POLITICS
Reading Time: 4 mins read
A A
5
SHARES
84
VIEWS
Share on XShare in TelegramShare on Reddit
  • Goldman Sachs CEO David Solomon said recession risks are rising as global economic uncertainty worsens.
  • Despite strong trading profits, Goldman saw a drop in investment banking revenue due to stalled deals.
  • Solomon warned that Trump’s tariffs have “reset” growth expectations and will keep markets volatile.

Goldman Sachs boss David Solomon says the chances of a U.S. recession are climbing, pointing fingers at global trade tensions and a hazy business outlook that’s got CEOs second-guessing their next moves.

JUST IN: 🇺🇸 Goldman Sachs CEO believes the odds of a U.S. recession in 2025 has increased 👀

— BlockNews (@blocknewsdotcom) April 14, 2025

Speaking Monday after the bank’s Q1 earnings drop, Solomon told analysts that economic growth was already cooling before President Trump’s latest wave of tariffs hit. But now? It’s a different ballgame entirely.

“We’re looking at a very different environment heading into Q2 than what we had earlier this year,” Solomon said, noting the impact of Trump’s sudden tariff hikes. “It’s reset expectations everywhere.”

Even with Goldman’s profits up 15% to $4.74 billion and revenues climbing to $15B, the underlying tone from the firm was one of caution. Investment banking fees dipped 8%, and M&A advisory work was down a sharp 22%—not quite what Wall Street was hoping for.

Solomon said many of the bank’s clients were holding off on big decisions, stuck in limbo because of all the uncertainty. “There’s just too much fog on the path ahead,” he warned.

Tariffs Shake Things Up… Again

Solomon didn’t sugarcoat it. He sees the trade war as a growing threat, not just to Wall Street but to global economic stability.

“The risk of a recession is clearly rising,” he added. “And the longer this uncertainty drags on, the more damage it could do.”

Markets have been yo-yoing since Trump rolled out the first wave of tariffs earlier this year. While Goldman saw a bump in trading revenues—up 27% on the quarter, thanks to all the volatility—it’s not exactly the kind of boost that inspires confidence.

Even other major players echoed the concerns.

JPMorgan CEO Jamie Dimon talked about “considerable turbulence,” while BlackRock’s Larry Fink said the tariffs went “further than I could have imagined in my 49 years in finance.”

Wall Street’s Still Waiting

The mood across the financial sector is tense. IPOs are being shelved, mergers are stalled, and big loan deals are just sitting there, waiting. Some hedge funds are even facing margin calls not seen since the early COVID days in 2020.

Goldman Sachs Boss David Solomon Says the Chances of a Us Recession Are Climbing

Morgan Stanley CEO Ted Pick captured the mood: “We’re still in a holding pattern. It’s hard to tell how all this plays out.”

Solomon, for his part, did express some hope that the administration’s tone is softening a bit—offering space for actual negotiations. But even then, he wasn’t overly optimistic.

“Until things settle down,” he said, “markets are gonna keep swinging all over the place.”

Tags: BusinessDavid SolomonGoldman SachsPresident TrumpRecession
Tweet1ShareShare
Previous Post

Strategy Buys More Bitcoin Amid Tariff Exemptions​, Hitting $45 Billion in Total Holdings

Next Post

Mantra Plans Token Buyback Amid OM Price Collapse​: Is Now the Time to Buy?

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit
FINANCE

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out
FINANCE

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Deutsche Bank Eyes 2026 Launch for Bitcoin and Ethereum Custody
FINANCE

Deutsche Bank Eyes 2026 Launch for Bitcoin and Ethereum Custody

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.