Goldman moves to unload GM credit card
The credit-card program is largely marketed toward people who buy and own General Motors cars. Goldman is also the issuer for the Apple credit card, which is much larger.
Goldman Sachs CEO: Doesn’t see 1970-80s interest rates
Interest rates are climbing, driving prices higher for everything from homes to cars to credit cards. With the Federal Reserve on tap to raise rates further, how high can they go?
Goldman Sachs CEO warns the Fed's rate hike campaign will serve 'shock to the system'
Goldman Sachs CEO David Solomon warns of additional rate hikes from the Federal Reserve as the central bank sits in a "wait-and-see mode" on "sticky" inflation.
Goldman Sachs CEO gives up high-profile DJ gigs
Goldman Sachs chief executive David Solomon has stopped DJing at high-profile events because of the attention the gigs grab, the company has confirmed.
Goldman profit tops estimates as dealmaking cushions hit from GreenSky, real estate
The Wall Street giant's net profit slumped 33% to $2.06 billion, or $5.47 per share, it said on Tuesday. Analysts on average had expected a profit of $5.31 per share.
AI to transform business workflows and productivity, Goldman Sachs CIO says
Goldman Sachs CIO Marco Argenti told FOX Business that companies are already expecting real gains and results from AI in terms of boosting productivity and transforming workflows.
Home prices will rise in 2023 as affordability crisis worsens, Goldman says
Goldman Sachs strategists said in an analyst note this week that they no longer think home prices will tumble this year, and will instead increase by 1.8%.
Goldman Sachs CEO enrages students after allegedly calling fossil fuel divestment movement 'stupid'
Three students from Goldman Sachs CEO David Solomon's alma mater, Hamilton College, accused the executive of referring to the fossil fuel divestment movement as "stupid."
Apple's high-yield savings accounts brought in over $10 billion worth of deposits
Apple revealed Wednesday that the total number of deposits that the high-yield savings accounts, which it offers with Goldman Sachs, have brought in was more than $10 billion.
Goldman Sachs trims US recession odds next year to 20%
Goldman Sachs economists lowered their probability of a U.S. recession within the next 12 months to just 20%, citing better-than-expected economic data.
Apple hits $3T in market cap, but changes could be coming to its credit card: report
Apple became the first public company to close a trading day with a market cap over $3 trillion Friday, even as Goldman Sachs reportedly looks to shed its credit card partnership.
Goldman Sachs slaps Tesla with another downgrade
Despite a recent winning streak spanning 13 consecutive days and a $240 billion boost to valuation, Goldman Sachs slapped Tesla with its fourth share downgrade of the month.
Fed, SEC probing Goldman Sachs’ role in SVB’s final days
Officials are seeking documents related to Goldman Sachs' role as both buyer of SVB’s securities portfolio and adviser on the company’s capital raise.
Goldman Sachs slashes oil price forecast
Goldman Sachs lowered its 2023 outlook for crude prices by almost 10% citing a number of factors, even after Saudi Arabia's surprise production cut took the global markets off guard.
Treasury to run low on cash by June 8 or 9 unless debt limit raised: Goldman Sachs
A pair of Goldman Sachs economists wrote that the Treasury is likely to run out of the funding needed to pay federal bills by June 8 or 9, although cash could run low sooner.
Goldman Sachs enters tech race with AI-powered social media platform
Goldman Sachs unveiled a new AI-powered social media platform, named Louisa, aimed at facilitating corporate connections for employees.
Goldman Sachs settles gender discrimination case for $215M
Goldman Sachs is paying out approximately $215 million to settle a lawsuit filed in September 2010 accusing them of discrimination against women in the company.
Massive amount of funds reportedly poured into Apple high-yield savings accounts upon rollout
A massive amount of funds got poured by Apple credit cardholders into the high-yield savings accounts offered by the tech giant with Goldman Sachs upon their rollout, according to Forbes.
Apple partners with Goldman Sachs on high-yield savings account
Apple and Goldman Sachs collaborate on new savings account with 4.15% annual percentage yield
Two-thirds of US jobs could be exposed to AI-driven automation: Goldman Sachs
Roughly two-thrids of U.S. jobs could be exposed to some level of AI-driven automation over the next decade, according to a report by Goldman Sachs economists.