Trader on the floor of the NYSE, June 1, 2022. Source: NYSE Global markets are in the beginning of a fundamental shift after a nearly 15-year period defined by low interest rates and cheap corporate d...
Tag: Goldman Sachs Group Inc
Self-driving car companies’ first step to making money isn’t robotaxis
A WeRide robotaxi with health supplies heads to Liwan district on June 4, 2021, in the southern Chinese city of Guangzhou. Southern Metropolis Daily | Visual China Group | Getty Images BEIJING — While...
Croatian EV supercar maker Rimac raises 500 million euros
Rimac Group, the Croatian company best known for its 1,900 horsepower Nevera electric sports car, said it has raised 500 million euros (about $537 million) from investors including Goldman Sachs, Pors...
As employers call workers back to the office, some AAPI women worry
An attendee identified as Emily, left, holds a candle during a candlelight vigil for Michelle Go at Portsmouth Square in San Francisco, Calif. Tuesday, Jan. 18, 2022. Stephen Lam | Getty Images Someti...
Goldman CEO David Solomon says be cautious in wake of Fed’s tightening
Goldman Sachs CEO David Solomon is advising his clients to be more cautious with their finances because the Federal Reserve’s moves to combat inflation could result in recession or other negativ...
JPMorgan investors hand Dimon rare rebuke, object to $53 million bonus
JP Morgan Chase & Co. Chairman & Chief Executive Officer Jamie Dimon testifies before the House Financial Services Committee on accountability for megabanks in the Rayburn House Office Buildin...
Goldman Sachs gives senior managers a new perk: ‘flexible vacation’ policy
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is giving its top managers a new perk more common in the...
Goldman ‘deal guy’ behind Apple, GM cards leaves for fintech start-up iCreditWorks
iCreditWorks CEO Scott Young, former chief commercial officer of Goldman Sachs Marcus. Courtesy: Goldman Sachs A Goldman Sachs executive known for securing some of the industry’s biggest credit-...
Tesla CEO Elon Musk dismisses hydrogen as tool for energy storage
Elon Musk has a history of expressing strong opinions about hydrogen and hydrogen fuel cells. A few years ago, when the subject came up during a discussion with reporters at the Automotive News World ...
Goldman Sachs CEO David Solomon says in-person attendance tops 50% after return-to-office push
Goldman Sachs CEO David Solomon‘s campaign to summon more of his employees back to the office is a work in progress that could take years, he said. In-person attendance at U.S. offices is betwee...
Bank stocks, once a Buffett favorite, take a back seat at Berkshire Hathaway
Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC Warren Buffett has begun to unleash Berkshire Hathaway‘s massive cash stockpile in recent weeks, snapping up an ins...
Masdar signs deal for major green hydrogen projects in Egypt
Masdar says Egypt’s abundance of solar and wind will “allow generation of renewable power at a highly competitive cost – a key enabler for green hydrogen production.” Ute Grabowsky |...
Goldman to test consumer checking account with its U.S. staff
Stephanie Cohen, currently Goldman Sachs’ global co-head of consumer and wealth management, speaking at the 2018 New York Times Dealbook conference in New York City. Michael Cohen | Getty Images...
Goldman Sachs Group Named ‘Top Dividend Stock Of The Dow’ At Dividend Channel With 2.4% Yield
Goldman Sachs Group has been named as the ”Top Dividend Stock of the Dow”, according to Dividend Channel, which published its most recent ”DividendRank” report. The report note...
Goldman exec Dustin Cohn leaves for real estate investing start-up Cadre
Dustin Cohn, chief marketing office of Cadre Source: Cadre Goldman Sachs consumer bank branding chief Dustin Cohn has joined real estate investing start-up Cadre as chief marketing officer, CNBC has l...
BAC earnings 1Q 2022
Brian Moynihan, chairman and chief executive officer of Bank of America Corp, speaks in New York City, September 25, 2019. Shannon Stapleton | Reuters Bank of America posted first-quarter profit on Mo...
Stocks making the biggest moves midday: Twitter, Tesla and more
Twitter Kacper Pempel | Reuters Check out the companies making headlines in midday trading. Twitter — Twitter shares ticked 1.4% higher after surging earlier on news that Elon Musk offered $54.20 a sh...
Wells Fargo WFC earnings Q12022
Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo on Thursday reported lower-than-expected first-quarter revenue amid a drop in mo...
Twitter, Goldman Sachs, UnitedHealth and others
Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter surged 8.2% in premarket trading after Tesla (TSLA) CEO Elon Musk – currently Twitter’s largest shareholder – o...
GS earnings 1Q 2022
David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs is sch...
JPM earnings 1Q 2022
JPMorgan Chase said Wednesday that first-quarter profit fell sharply from a year earlier, driven by increased costs for bad loans and market upheaval caused by the Ukraine war. Here are the numbers: A...
U.S. fintech Plaid hires Booking.com exec as head of Europe
Ripsy Bandourian, head of Europe at Plaid. Plaid LONDON — Financial technology firm Plaid has hired Ripsy Bandourian, a long-time Booking.com executive, to head up its European operations. Bandourian ...
Own stocks that are cheap on a price to earnings basis
CNBC’s Jim Cramer on Friday previewed next week’s roster of earnings and advised investors to stick to companies that are profitable yet affordable for investors to own. “In this env...
Stock futures little changed following Thursday’s comeback as investors assess Fed plans
Traders on the floor of the NYSE, April 7, 2022. Source: NYSE U.S. stock futures were little changed on Thursday night after the major averages staged a late-day comeback as investors appraised the li...
Goldman says record 236,000 students apply for internships
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Last year, a slide deck made by Goldman Sachs junior bankers detailing...
U.S. government bonds just suffered their worst quarter of the past half century: Here’s why some investors may not be fazed
U.S. government bonds just finished their worst quarter since at least 1973, yet some investors aren’t likely to be put off from buying Treasurys again given rising risks of a U.S. recession within th...
Goldman Sachs is betting that you’ll want a $10,000 loan from the investment bank
David Zalik, founder and CEO of GreenSky. Chris Hamilton | GreenSky Goldman Sachs, the 153-year old investment bank, is now officially in the home improvement loan business as it continues a push into...
How hackers and geopolitics could derail the planned energy transition
This image shows an onshore wind turbine in the Netherlands. Mischa Keijser | Image Source | Getty Images Discussions about the energy transition, what it means and whether it’s actually underwa...
Apple reportedly wants to handle its own financial services, and partners’ stocks paid the price
Apple Inc. has increasing ambitions in financial technology as it explores ways to participate in the financial-services industry more directly, according to a Wednesday report. The company is develop...