Subpoenas served to giants BNP Paribas, Societe Generale, Credit Suisse and Goldman Sachs.
Goldman Sachs released a fascinating series of charts this week about Millennials, the generation born between 1980 and 2000. A group totaling 92 million Americans, Millennials differ from Generation Xers and Baby Boomers in many ways — including when they plan to get married, their financial situation and how they consume media. It's worth reading […]
For your weekend, here are three recommendations for stories that may surprise you about the rise of OxyContin, the fall of Venezuela and an undocumented immigrant who made money for Goldman Sachs.
When former Goldman Sachs co-chair John Whitehead passed away earlier this month, he left a huge legacy at the company. But one of his lesser-known contributions was the set of rules he wrote for his fledgling "new business," or sales, department, back in the 1950s, shortly after he'd made partner. Show More Summary
Goldman Sachs has put together a tremendous infographic showing how millennials–those born between 1980 and 2000–are going to impact and shape the economy in a profound way as the move into their "prime spending years." Because of factors...Show More Summary
Bonuses paid in '08 that were of the look-but-don't-touch variety were turned into real live ones that you can buy things with last year. Two billion dollars worth of live ones.
Goldman Sachs employees are finally getting their 2008 payout. Last year the firm's employees cashed in on stock options totaling $2.03 billion, Bloomberg reported. The options served as incentive to keep top people on board after the financial crisis, as Wall Street banks were forced to cut back on compensation. Show More Summary
Real estate services giant Cushman & Wakefield Inc. is for sale. The Italian family that controls the New York City-based firm has hired Goldman Sachs and Morgan Stanley to help it look for a... To view the full story, click the title link.
Sitting at her desk at Goldman Sachs, Julissa Arce is doing her best to keep it together.
Everyone has their reasons for wanting to work on Wall Street. For Julissa Arce, an undocumented immigrant from Mexico who worked her way up from intern to VP at Goldman Sachs, the reason was simple: “I thought if I had a bunch of money...Show More Summary
Getty Images Goldman Sachs Group’s headquarters in lower Manhattan. Regulators this week granted Goldman Sachs (GS) permission to launch both actively managed and index-based exchange-traded funds, clearing the way for the firm’s asset management arm to step into the fast-growing ETF market. The Securities and Exchange Commission gave the OK for both ETF styles in [...]
Shake Shack ads haven't been plastered all over television, the subway or on radio. In fact, according to Goldman Sachs' report on the burger chain, that's part of the plan for Danny Meyer's company post-IPO. "SHAK does essentially no...Show More Summary
Shake Shack shares opened for trade on January 30. On Tuesday, Wall Street firms started rolling out their ratings on the burger chain, and Goldman Sachs started the company with a Neutral rating and a $36 price target. "We are initiating coverage of Shake Shack Inc. Show More Summary
James Gorman bet that he could remake Morgan Stanley with a strategy that had been a miserable failure for the firm before. Five years after he became chief executive, it's clear that the revamp is... To view the full story, click the title link.
A few excerpts from a preview of Yellen's Testimony by Goldman Sachs economists Kris Dawsey and Chris Mischaikow: Fed Chair Yellen will be presenting her semi-annual monetary policy testimony—sometimes called the "Humphrey-Hawkins" testimony—on Tuesday and Wednesday of this week (February 24 and 25). Show More Summary
Artificial intelligence is about to take off in a big way. According to a new report by Goldman Sachs, AI is defined as "any intelligence exhibited by machines or software." That can mean machines that learn and improve their operations over time, or that make sense of huge amounts of disparate data. Show More Summary
Hedge funds can't live without Apple. "As the most popular hedge fund long holding and largest US stock, Apple is a key driver of hedge fund performance as well as US equity earnings growth and returns," wrote Goldman Sachs' Ben Snider in the latest Hedge Fund Trend Monitor. Show More Summary
Goldman Sachs thinks it's time to sell Boeing. In a note to clients on Monday, Goldman cut its rating on Boeing from Neutral to Sell, writing that: With a sustained lower fuel price and pockets of global growth volatility, the demand equation for aircraft could worsen, and Boeing shares are highly correlated to new aircraft orders. Show More Summary
According to data compiled by Goldman Sachs, the average hedge fund is up 1% in 2015, lagging the S&P 500 by about one percentage point. "Hedge fund performance is off to a respectable start in 2015 after a poor 2014," Goldman Sachs Ben Snider said. Show More Summary