The news of this latest loss follows CNBC’s report last month on Yieldstreet real estate investments that have resulted in $78 million in defaults.

Goldman will buy up to $1 billion in T. Rowe Price common stock through open market purchases with the intention to own up to 3.5%.

The move comes as tensions between the U.S. and China simmer, and as the Nasdaq faces broader financial market issues.

Stephen Miran, President Donald Trump’s nominee for the open Fed governor post vacated by Adriana Kugler, will come under scrutiny from lawmakers.

“Independence of monetary policy is a critical element for its success,” Miran said in a prepared statement to the Senate Banking Committee.

Miran said he wouldn’t fully resign from his position at the White House while serving out the Fed Governor’s term, which expires Jan. 31, 2026.

Just how much it does will matter to investors.