"Is the hype around blockchain justified?" asks Goldman Sachs in a blockbuster 88-page note sent to clients this week. The financial world has been going crazy for blockchain technology for the last year or so, hypothesising how it could rip out huge amounts of costs for big banks and streamline operations. Show More Summary
??When Hillary Clinton's son-in-law sought funding for his new hedge fund in 2011, he found financial backing from one of the biggest names on Wall Street: Goldman Sachs chief executive Lloyd Blankfein. The fund, called Eaglevale Partners, was founded by Chelsea Clinton’s husband, Marc Mezvinsky, and two of his partners. Show More Summary
At a loss for what to read? Goldman Sachs has released their reading list. “We’re talking about people who incurred $550 million in fines for schemes to turn a profit on the civilization-threatening financial crisis they themselves had...Show More Summary
"Hey, 6, get over here" will be a thing of the past.
Wall Street internship season is just around the corner. Over the coming weeks, thousands of aspiring young bankers and traders will flock to New York City and other financial hubs to get a taste of life on the Street. Of course, these internships can be intimidating. Show More Summary
Finance Insider is Business Insider's summary of the top stories of the past 24 hours. To sign up, scroll to the bottom of this page and click "Get updates in your inbox," or click here. Goldman Sachs has discovered something important...Show More Summary
Goldman Sachs has discovered something important about its employees: they want more feedback on how they're doing. The firm is overhauling the way it gives feedback following an internal survey that highlighted that desire. "Last year's...Show More Summary
WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) was right. Big banks really did want President Barack Obama to sign a trade deal making it easier for them to challenge regulations they don't like. And they got what they wanted. Goldman...Show More Summary
Goldman Sachs recently released a report suggesting that blockchain is moving past the hype and that the decentralized ledger technology that Bitcoin is based on will be used across a variety of applications in the near future. We covered blockchain...
According to Goldman Sachs, mobile commerce, or m-commerce, is projected to be a $626 billion industry by 2018. As digital consumers are well aware, platforms like Snapchat or Instagram found their place in the growing industry when popular users began promoting certain brands or products. Show More Summary
Global M&A fell off a cliff in Q1, with volume levels not seen since Q1 2014. Dollar volume was down 49.2 percent sequentially, and 13.8 percent on a YoY basis. According to Goldman Sachs, economic uncertainty, higher levels of volatility,...Show More Summary
This is new and uncomfortable.
Real estate investment trusts in MSCI and S&P Dow Jones indexes will soon move out of the "financial" sector and into a newly created, separate "REIT" classification. Goldman Sachs' David Kostin and his band of U.S. equity strategists estimate that forthcoming index changes will result in $19 billion in REIT-buying demand from active mutual fund managers. Read More »
With its stock up 11% year-over-year and 14% over the last two yeas of trading, General Mills has easily outpaced the broader market in recent years. However, according to a new research report from Goldman Sachs, investors would be wise to get out while the going is still good. In the investment bank's view, the consumer foods giant is facing rough seas ahead.
A new rule from the Obama administration — which will increase the fraction of workers entitled to time-and-a-half overtime pay — is likely to increase total employment in the US in 2017 by about 100,000 jobs, according to Goldman Sachs. The...Show More Summary
Goldman Sachs were one of the few parties to warn Sir Philip Green's Arcadia that Dominic Chappell, the man who bought BHS for £1 last year, had a history of bankruptcy and his takeover deal looked sketchy. The investment bank wasn't...Show More Summary
Goldman Sachs’s Jesse Hulsing today initiates coverage of human resources and financial software names Intuit (INTU), Cornerstone Ondemand (CSOD), and NetSuite (N), deeming the first two winners and the last a loser. Hulsing has two other names at Neutral, Benefitfocus (BNFT) and Ultimate Software (ULTI), at Neutral.
The worst of the crude oil supply glut may not be over. In the last few weeks, sentiment about the oil market has improved. This happened, in part, after supply disruptions hit Nigeria and Canada. Additionally, Goldman Sachs analysts...Show More Summary
Finance Insider is Business Insider's summary of the top stories of the past 24 hours. To sign up, scroll to the bottom of this page and click "Get updates in your inbox," or click here. The German pharmaceutical giant Bayer has made...Show More Summary
Presenting: the hedge fund darlings of the first quarter. Goldman Sachs recently published its Very Important Position (VIP) list of stocks that appear the most among the funds' largest 10 holdings. Starwood, Alibaba and Home Depot were...Show More Summary