On Thursday night, Tesla unveiled its new electric semi truck and high-end Roadster model. Goldman Sachs analyst David Tamberrino is still bearish on Tesla's stock at current levels due to continued production issues around the Model...Show More Summary
This is actually shameful. The Goldman Sachs Treasury Secretary and former Hollywood movie producer once again takes his trophy wife out in public, and embarrasses the nation with a display so tone deaf.....Mnuchin must be on the spectrum...Show More Summary
The bank’s $5 billion pact with an arm of the Chinese government to make deals in the United States highlights political divisions over trade and investment.
Citigroup has hired a former senior banker at Goldman Sachs. Taran Bakker joins Citi as a managing director in the bank's Global Asset Managers group, where he'll cover private equity, pensions, sovereign wealth funds, and family offices...Show More Summary
A Not-So-Modest Proposal to Reform NAFTA The next NAFTA negotiation round officially begins Nov. 17, and the news isn't all bad. It may sound crazy, but the same administration that put a Goldman Sachs and OneWest operative in charge...Show More Summary
The rising stars of finance work for big Wall Street firms like Blackstone Group, Goldman Sachs and Two Sigma Investments, or at companies they have started themselves.
Goldman Sachs launched Marcus, an online lending business for customers seeking loans of $30,000 or less, in October 2016. The business hit a $2 billion milestone last night, according to CFO Marty Chavez. Goldman Sachs' Marcus business...Show More Summary
The chief financial officer of Goldman Sachs looks ahead to some loosening of post-Recession banking regulations and says he worries most about cyberattacks.
Last week, Goldman Sachs pointed out a very disturbing trend in the US labor market: where the participation rate for women in the prime age group of 25-54 have seen a dramatic rebound in the past 2 years, such a move has been completeloy missing when it comes to their peer male workers. Show More Summary
Unfounded wisdom of the time: “It’s a game changer,” said Rider University political scientist Ben Dworkin. “It becomes a class battle between an iron worker and a former Goldman Sachs executive, and a political-style battle: The tough-talking powerful labor leader...Read more
China has announced that it’s opening up its financial sector to foreign ownership: The relaxation in the securities industry potentially paves the way for Wall Street investment banks such as Goldman Sachs Group Inc. and J.P. Morgan Chase to increase their presence in China’s hard-to-crack domestic market….China will allow foreign companies to hold 51% of […]
Bloomberg: Wall Street Titans Poised to Grow in China After Frustrating Era. Morgan Stanley, Goldman Sachs Group Inc. and Citigroup Inc. are finding patience pays off in China. The trio now have an advantage over some of their largest Wall Street rivals after officials in charge of the world’s No. Show More Summary
As we enter Year 2 of the New, Populist, Trump era of the Republican Party, the Senate GOP conference has released its tax plan. It sure is bold and innovative! The winners: Corporations, broadly, are the focus of most of the tax cuts. According to the Joint Committee on Taxation’s analysis of the bill, cutting […]
Goldman is looking to deepen its relationship with more universities across the US. The financial giant has typically focused much of its energy on a basket of about a dozen schools, but its CEO Lloyd Blankfein said the firm is casting...Show More Summary
This is getting embarrassing.
Investors are suing Outcome Health, a startup selling ad space on screens in doctor’s offices, for alleged fraud and breach of contract eight months after pouring $500 million into the company. First reported in the Wall Street Journal,...Show More Summary
Goldman Sachs' Damien Courvalin thinks crude prices could stay above the firm's year-end Brent forecast of $58 per barrel.
Every financial services firm has a team of data scientists that take all the information that comes in and structure it in a way that the rocket scientists and genius mathematicians can turn into something useful. It’s a difficult job that only a select few can handle. Show More Summary
Goldman Sachs announced its largest-ever class of managing directors. Of the 509 promoted, 44% are millennials. The firm announces managing-director promotions every two years. It's one of the most coveted positions on Wall Street, a...Show More Summary