All Goldman Sachs Articles
Chipmakers Power S&P 500, Nasdaq Records To Kick Off December – $ADT $NVDA $MODD $SMCI Rise!
The stock market kicked off December 2024 with a mixed performance, as the S&P 500 and Nasdaq Composite reached record highs while the Dow Jones Industrial Average declined, reflecting a complex interplay of sector strengths, geopolitical developments, and Fed...
Dec 02, 2024
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Stocks Take A Pre-Thanksgiving Dip With Sideways Inflation Data – $EPRX $LTRN $MODD $RKLB Rise!
Ah, Wednesday, November 27, 2024 - a day when the stock market decided to take a pre-Thanksgiving dip, perhaps in solidarity with all the turkeys out there. Let's dive into this financial feast with a side of humor, shall we? The Main Course: Market Performance ...
Nov 27, 2024
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S&P 500 Closes At Record +6k As New Homes Sales Tumble – $AAPL $ADT $INDP $MODD $NVDA $PLTR $RKLB Rise!
On Tuesday, November 26, 2024, the stock market decided to throw caution to the wind and party like it's 1999 – or at least 2023. Despite President-elect Trump's tariff talk causing a bit of a stir, the major indexes managed to keep their cool and even set some ...
Nov 26, 2024
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Stocks Rally With Scott Bessent Treasury Secretary Nomination – $AAPL $ADT $INDP $LTRN $RKLB Rise!
U.S. stock markets rallied on November 25, 2024, with the Dow Jones Industrial Average reaching an all-time high, following President-elect Trump's nomination of Scott Bessent for Treasury Secretary. Yes indeed, the stock market kicked off the Thanksgiving holid...
Nov 25, 2024
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Dow & Russell 2000 Jump Thursday As Rates Climb Higher – $DE $LTRN $NVDA $OKLO $RKLB $SNOW Rise!
The stock market on Thursday, November 21, 2024, saw a mixed performance with the Dow Jones Industrial Average soaring while the Nasdaq barely moved, as investors reacted to NVIDIA's earnings report and positive economic data on home sales and jobless claims. The ...
Nov 21, 2024
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The Dow Leads As Investors Drank Lemonade & Anticipated NVIDIA’s ‘Steam’- $AAPL $ADT $EPRX $INDP $LMND $WSM Rise!
The U.S. stock market experienced a mixed day on Wednesday, November 20, 2024, with the Dow Jones Industrial Average rising while the Nasdaq Composite dipped, as investors navigated further geopolitical tensions and anticipated NVIDIA's after-hours earnings report...
Nov 20, 2024
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Geopolitical Tension Riddled Tuesday Yields Positive Results – $BA $EPRX $MODD $NVDA $RKLB $TSLA $WMT Rise!
The stock market experienced a rollercoaster day on November 19, 2024, initially rattled by escalating Russia-Ukraine tensions before rebounding to close mostly higher, with the Nasdaq Composite and S&P 500 posting gains despite geopolitical concerns. Geo...
Nov 20, 2024
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Stocks Closed Dynamic Session Mixed As Oil Rebounds On Monday – $ADT $BTC $CVX $MODD $RKLB $SMCI $TSLA $XLE Rise!
Today's market was like a potluck dinner where the Dow forgot to bring a dish, the S&P 500 brought a solid casserole, the Nasdaq showed up with a flashy AI-generated gourmet meal, and the Russell 2000 is still stuck in traffic but promises it's on the way. A...
Nov 18, 2024
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Wednesday’s CPI Leads Mixed Affair For Stocks As Bitcoin Pops – $AAPL $BTC $MSFT $PLTR $RKLB $TSLA Rise!
U.S. stock markets experienced a mixed day on Wednesday, November 13, 2024, with the Dow Jones Industrial Average moving higher following the release of the October consumer price index report, while investors closely monitored inflation data and its potential i...
Nov 13, 2024
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Veterans Day Produces Bitcoin, Dow 30 & S&P 500 Record Advances – $BTC $IBIT $INDP $MODD $MSTR $PLTR $TSLA Rise!
U.S. stock markets continued their post-election rally on Veterans Day, with the Dow Jones Industrial Average and S&P 500 closing at record highs, while Tesla shares and Bitcoin prices surged. The S&P 500 made history by closing above 6,000 for the first...
Nov 11, 2024
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Fed Plays Ball, Cuts Interest Rates As Stocks Continued To Rise Thursday – $ADT $AMZN $EPRX $INDP $LTRN $LYFT $NVDA $TSLA $Z Rise!
Building on the previous day's momentum, major indices continued their upward trajectory on November 7, 2024. The S&P 500 climbed .74% to reach 5,973.10, inching closer to the milestone 6,000 mark, while the tech-heavy Nasdaq Composite gained 1.51%, settling...
Nov 07, 2024
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“Trump Trade” Hits Home Run In The Stock Market Wednesday – $ADT $AMZN $BTC $INDP $LTRN $NVDA $PLTR $TSLA Rise!
Wednesday proved to be biggest one-day gain in two years, following Donald Trump's presidential election victory, with all three major indices reaching record highs amid investor optimism about potential pro-growth policies. Yes indeed the "Trump Trade" phenomeno...
Nov 06, 2024
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Spirits & Stocks Boosted While Palantir ‘Stole The Show’ On Election Day – $AMZN $LTRN $MODD $PLTR $TSLA Rise!
As Americans headed to the polls on Election Day, the U.S. stock market is rallied in lockstep, with major indexes climbing higher amid solid economic data and investor optimism. Indeed, Wall Street celebrated Election Day with a robust rally, as investors eagerly...
Nov 05, 2024
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Large Cap Stock Indices & Rates Drift Lower Into The Elections – $ADT $EPRX $INDP $LTRN $MODD $NVDA $SHW Rise!
The U.S. stock market closed lower on Monday, November 4, 2024, as investors exercised caution ahead of a pivotal week featuring the presidential election (Tuesday) and Federal Reserve policy meeting (Wednesday). The major U.S. stock indices closed lower on Monday...
Nov 04, 2024
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Investors View A Halloween Nightmare on Wall Street – $AMZN $EPRX $MCD $PTON $VIX Rise!
The major indices experienced significant losses across the board on the Halloween holiday, October 31, 2024 making many investors feel somewhat zombie like as they stumbled around trying to find steady ground. The Dow Jones Industrial Average fell .9%, closing at 41,763....
Oct 31, 2024
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Reddit Rages As Stocks Broadly Retreat On Wednesday – $ADT $GOOG $GRMN $INDP $RDDT Rise!
The U.S. stock market experienced a mixed session on October 30, 2024, with major indices closing lower despite initial gains. The S&P 500 fell .33% to 5,813.67, the Dow Jones Industrial Average dipped .22% to 42,141.54, and the Nasdaq Composite declined .56% to 18,60...
Oct 30, 2024
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Nasdaq, S&P Gain As Slew Of Economic & Earnings Reports Roll-in This Week – $AAPL $GOOG $MODD $NVDA $PRCT $RCL $VFC Rise!
The tech-heavy Nasdaq Composite stole the show on Tuesday, October 29, 2024, reaching a record close and settling 0.8% higher than the previous day. Not to be outdone, the S&P 500 joined the upward trend, rising 0.2% or about ten points. Mega-cap stocks and chipmakers...
Oct 29, 2024
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Russell 2000 Leads All On Monday As Rates Rise & Oil Sinks – $AAPL $INDP $LTRN $MODD $PRCT Rise!
U.S. stocks rose on Monday, October 28, 2024, with gains in Big Tech offsetting declines in oil and gas stocks, setting the stage for a week of crucial earnings reports and economic data. The Dow Jones Industrial Average led the charge on Monday, climbing 0.65% to 42,387....
Oct 28, 2024
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Tesla Electrifies Nasdaq & S&P 500 On Thursday – $ADT $BTC $MAT $LRCX $LTRN $NVDA $TSLA $WHR Rise!
Today, the stock market took us on an interesting ride that left some investors cheering and others reaching for their motion sickness pills. Let's dive into the highlights of the day with a touch of humor and a lot of respect for those brave souls navigating the financial seas. ...
Oct 24, 2024
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Tesla Electrifies Nasdaq & S&P 500 On Thursday – $ADT $BTC $MAT $LRCX $LTRN $NVDA $TSLA $WHR Rise!
Today, the stock market took us on an interesting ride that left some investors cheering and others reaching for their motion sickness pills. Let's dive into the highlights of the day with a touch of humor and a lot of respect for those brave souls navigating the financial seas. ...
Oct 24, 2024
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Stocks & Home Sales Nosedive As Interest Rates Spring Upward – $COST $EPRX $PTON $T $TSLA $VIX Rise!
Wall Street experienced a significant downturn on Wednesday, October 23, 2024, with major indices tumbling amid rising Treasury yields, consolidation after recent gains, and weakness in mega-cap stocks. Yes indeed, rising Treasury yields played a significant role in Wednesday's m...
Oct 23, 2024
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Stocks See Mixed Performances As Interest Rates Move Higher On Tuesday – $ADT $INDP $LTRN $META $MSFT Rise!
The stock market on October 22, 2024, displayed a mixed performance as the major U.S. stock indexes showed minimal movement on Tuesday, with the Dow Jones Industrial Average dipping .02% to 42,924.89, the S&P 500 slipping .05% to 5,851.20, and the Nasdaq Composite bucking the...
Oct 22, 2024
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Yields Rise & Stocks Take A Breather While NVIDIA Charges Ahead On Monday – $AAPL $BA $MODD $MSFT $NVDA $VIX Rise!
Well folks, it looks like Wall Street decided to take a breather on Monday after its marathon run of gains. The Dow Jones Industrial Average stumbled, falling nearly 350 points and snapping its winning streak faster than you can say "market correction." Meanwhile, the S&P 500...
Oct 21, 2024
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The Dow Jones & Chip Stocks Power Upward On Thursday – $AAPL $ADT $AMZN $INDP $NVDA $TSMC Rise!
The Dow Jones Industrial Average decided to play superhero today, soaring 161.35 points (0.37%) to close at 43,239.05. It's like the blue-chip index heard someone say "stocks only go up" and took it as a personal challenge. At this rate, we might need to rename it the "Wow Jones....
Oct 17, 2024
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Stocks Market Shakes Off Chip Blues To Move Higher On Wednesday – $EPRX $INDP $MS $NVDA $MODD $TSLA Rise!
The stock market decided to shake off yesterday's chip-induced blues and show us some green on hump day. The Dow Jones Industrial Average strutted its stuff with a 0.79% gain and a new record, while the S&P 500 and Nasdaq Composite followed suit with more modest increases of ...
Oct 16, 2024
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Large Caps, NVIDIA, Chip Stocks Drop As Yields Diverge On Tuesday – $AAPL $BAC $EPRX $INDP $MODD $TSLA $VIX Rise!
Tuesday, October 15, 2024, was a day of ups and downs in the stock market, with more downs than ups, as if the market decided to take a tumble down the financial playground slide. Indeed, the major indices took a bit of a nosedive, with the S&P 500 slipping 0.76%, the Nasdaq ...
Oct 15, 2024
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Stocks Take Shot of Red Bull, Charge Higher On Columbus Day – $AAPL $ADT $INVO $LBPH $LTRN $MODD $NVDA Rise!
On a day that many had off, the stock market was open for business and it decided to play a game of "how high can we go?" Yes indeed on Columbus Day, the major indices charged higher like they had discovered a secret stash of Red Bull. The Dow Jones Industrial Average strutted ...
Oct 14, 2024
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Inflation Indigestion Produces Market Hangover Thursday – $ALAB $EPRX $INDP $NVDA $MODD $PLTR Rise!
Wall Street had a bit of a hangover on Thursday after its large cap record-breaking party. The major indexes indeed seem to have decided to take a breather, with the Dow Jones Industrial Average stumbling down 0.14%, the S&P 500 slipping 0.21%, and the Nasdaq Composite with a...
Oct 10, 2024
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Large Stocks Surges In Front Of CPI – $ALAB $EPRX $INTC $PLTR Rise!
Well, folks, it was another wild Wednesday on Wall Street, and the stock market was hotter than a jalapeño popper at a Texas barbecue! Let's dive into this sizzling stock summary for October 9, 2024, shall we? The Dow Jones Industrial Average strutted its stuff today, climbing 4...
Oct 09, 2024
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Tuesday – Rise!
Wall Street took a tumble on Monday, with major indices closing in the red as investors grappled with geopolitical tensions, oil price surges, and notable tech stock downgrades. The Dow Jones Industrial Average plummeted 398.51 points to 41,954.24, the Nasdaq Composite nosedived ...
Oct 08, 2024
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Fear Spikes As Stocks Drop On Monday – $CVX $INDP $VIX Rise!
Wall Street took a tumble on Monday, with major indices closing in the red as investors grappled with geopolitical tensions, oil price surges, and notable tech stock downgrades. The Dow Jones Industrial Average plummeted 398.51 points to 41,954.24, the Nasdaq Composite nosedived ...
Oct 07, 2024
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Fear & Oil Prices Jumps While The Stock Market Slumps On Thursday – $FUTU $META $NVDA $VIX $VLO Rise!
The September jobs report, set to be released on Friday, is expected to show a slight cooling in the US labor market while maintaining overall stability, potentially influencing the Federal Reserve's upcoming policy decisions amid ongoing economic uncertainties. As a result today...
Oct 03, 2024
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Escalating Middle East Tensions Temper Wall Street On Wednesday – $AAPL $EPRX $INDP $JOBY $MODD $NVDA $TM Rise!
The stock market typically experiences a cooldown in October following a strong third quarter, with investors closely watching for potential buying opportunities amid geopolitical tensions and economic uncertainties. However, escalating tensions between Israel and Iran have curre...
Oct 02, 2024
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Stocks Retreat Widely To Begin October Amid Chaotic Global Climate – $BEKE $BILI $FUTU $INDP $LTRN $VIX Rise!
U.S. stocks retreated from recent record highs on Tuesday, October 1, 2024, amid escalating geopolitical tensions in the Middle East and concerns over economic growth, marking a volatile start to the historically challenging month of October for investors. The S&P 500 fell .9...
Oct 01, 2024
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Wall Street Ends Bullish September With A Side Of Fed Chair Induced Volatility – $AAPL $BMY $FUTU $MCD $MTEA $NVDA $TSLA Rise!
Wall Street closed out September 2024 with a mixed, but mostly positive performance, as major indices set new records amid economic data releases and Federal Reserve commentary. The S&P 500 reached an all-time high, capping off its fifth consecutive month of gains and fourth ...
Sep 30, 2024
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Stock Market Hits Record Levels On Thursday – $ADT $AMD $MODD $MU $NVDA $RKLB Rise!
The stock market rallied on Thursday, with the S&P 500 reaching a new record high, driven by strong performance in the semiconductor sector and the reported optimism about economic stimulus global and specifically in China, the U.S. and the ECB. Investors also responded posit...
Sep 26, 2024
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Stock Market Summary: Consolidation Amid Stimulus (Sept. 25, 2024) – $ADT $INTC $MODD $NVDA $RKLB $TSLA Rise!
China's latest economic stimulus and NVIDIA's continued strength were key factors influencing global markets again on Wednesday, as investors grappled with consolidation after recent gains. According to reports, the People's Bank of China cut its Medium-Term Lending Facility by 3...
Sep 25, 2024
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Stocks Rise Globally As China Stimulus Measures Hit The WWW On Tuesday – $AAPL $BABA $LI $LTRN $MODD $NVDA $TSLA $WYNN Rise!
Global stock markets rallied on Tuesday, September 24, 2024, as China unveiled a significant economic stimulus package, boosting investor sentiment and lifting commodity prices. The stimulus measures, combined with strong market leading performance from tech chip making giant Nvi...
Sep 24, 2024
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Large Cap Stocks Continue Upward Trajectory While Small Caps Drift Lower On Monday – $ADT $BA $GEDC $MODD $NVDA $TSLA Rise!
Wall Street's major indices continued their upward trajectory, with the Dow Jones Industrial Average and S&P 500 reaching new record highs, while investors remain cautiously optimistic about a soft landing for the economy despite growing expectations of a market consolidation...
Sep 23, 2024
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Stocks Broadly Experience Interest Rate Powered Surge Thursday – $AAPL $EPRX $INDP $LTRN $LUNR $META $MODD $TSLA Rise!
The stock market experienced a remarkable surge on Thursday, September 19, 2024, as investors celebrated yesterday's Federal Reserve's somewhat unexpected half-point interest rate cut. Major indices reached new record highs, with the S&P 500 (5,713.64, +1.70%) and Dow Jones I...
Sep 19, 2024
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Fed Sends ‘Recalibrating’ Shockwaves While Stocks Stumble (Sept. 18, 2024) – $ADT $EPRX $LTRN $LUNR $SYM $VIX Rise!
In a move that sent shockwaves through the financial world, the Federal Open Market Committee (FOMC) slashed interest rates by a hefty 50 basis points, bringing the target range to 4.75-5.00%. This decision, while not unanimous, reflected the Fed's growing confidence in inflation...
Sep 18, 2024
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Stocks Trade Sideways With Soft Landing Rate Cut Scenario In View (Sept. 17, 2024) – $ADT $EPRX $LTRN $MODD $MSFT $TSLA $VIX Rise!
On Tuesday, The Dow Jones Industrial Average continued its record-breaking streak, climbing .2% to reach a new intraday all-time high prior to stalling out and closing at 41,606.18 (-.04%). This milestone reflects the ongoing bullish sentiment in the market, despite looming uncer...
Sep 17, 2024
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Apple Slips As Dow 30 Struts To New Record High Prior To Fed’s Interest Rate Decision – $ADT $CHWY $GEDC $MSFT $SMMT $VIX Rise!
Monday's stock mark session or circus of sorts featured the Dow's record-breaking high-wire act, Apple's unexpected tumble, and the Federal Reserve's upcoming magic show or interest rate decision that has investors on the edge of their seats. Dow's Tightrope Walk & Apple's S...
Sep 16, 2024
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PPI Cools, Stocks Soar, Fed Ponders (Sept. 12, 2024) – $ADT $CHWY $INDP $MCD $MODD $ORCL $SMMT Rise!
Wall Street's wild ride continued on Thursday, with stocks performing a financial tango that would make even the most seasoned dancers dizzy. The S&P 500 sashayed its way to a .75% gain, closing out its fourth consecutive winning session like a champion marathoner on a su...
Sep 12, 2024
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Stocks Stage Comeback Post Inflation Data Reveal – $AMZN $CHWY $EPRX $INDP $NVDA $LTRN $MODD Rise!
U.S. stocks staged a remarkable comeback on Wednesday, September 11, 2024, with the Nasdaq and S&P 500 surging after an initial sell-off following the release of August's inflation data. The Dow Jones Industrial Average pulled off an impressive turnaround, erasing a 700-poi...
Sep 11, 2024
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Tuesday’s Stock Market Session Ends Mixed In Front Of CPI Release & Political Debate – $CHWY $EPRX $INDP $SMMT Rise!
The stock market on Tuesday, September 10, 2024, exhibited a mix of gains and losses across major indices, with tech stocks leading the S&P 500 and Nasdaq higher while bank stocks dragged down the Dow Jones Industrial Average. Today's session was further characterized by vo...
Sep 10, 2024
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U.S. Stock Indices Rebound Sharply Monday – $AAPL $INDP $LTRN $MODD $PLTR $SMMT Rise!
Major U.S. stock indices rebounded sharply on Monday, September 9, 2024, after enduring their worst week of the year. The Dow Jones Industrial Average surged 484 points (+1.2%), closing at 40,829.59, while the S&P 500 and Nasdaq Composite both jumped 1.16%. This rally marke...
Sep 09, 2024
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Stocks Broadly Diverge Ahead of Employment Data As Tesla, Modular Medical Surge On Thursday – $APLD $ADT $EPRX $INDP $MODD $NVDA $TSLA Rise!
Wall Street's major indices diverged on Thursday, with the S&P 500 dipping 0.3% to 5,520.07 and the Dow Jones Industrial Average shedding 0.5%. In contrast, the tech-rich Nasdaq Composite bucked the trend, inching up 0.3% to close at 17,084.30.This mixed performance reflect...
Sep 05, 2024
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Job Openings, Oil Prices, & Yields Drop While Stocks Waffle Wednesday – $ADT $FYBR $MODD $VIX $WISA Rise!
The stock market experienced a lackluster day of trading, with major indices showing mixed results as investors digested economic data and awaited Friday's jobs report. The Dow Jones Industrial Average eked out a small gain closing up 38.04 points and at 40,974.97, while the Na...
Sep 04, 2024
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September Reins In The Stock Market, Tech Stocks, NVIDIA To Begin The Week – $DXCM $EPRX $PCVX $VIX Rise!
Ah, another thrilling day in the stock market rollercoaster! Tuesday, September 3, 2024, proved to be a real nail-biter for investors, with tech stocks leading the charge...downhill. Nvidia's Nosedive The AI darling of Wall Stree, NVIDIA (NVDA, $108.00, -9.53%) took a nosed...
Sep 03, 2024
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NVIDIA Crashes While Dow 30 Closes At New Record High – $AFRM $BBY $CRWD $INDP $MODD Rise!
The stock market on Thursday, August 29, 2024, was like a rollercoaster ride with a surprise twist at the end. The day started with optimism, but by afternoon, it seemed like the stock market collectively remembered it had left the oven on at home. This sudden dip was largely thanks to t...
Aug 29, 2024
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Stock Market Slides Widely Wednesday Despite NVIDIA’s Aftermarket Beat – $BRK.B $KBE $KRE $VIX Rise!
The stock market today felt like a rollercoaster ride, but not the fun kind with cotton candy and laughter—more like the kind where you drop your phone and lose your lunch. The Dow Jones Industrial Average took a 159-point tumble to close at 41,091.42, the Nasdaq slipped 198.79 points ...
Aug 28, 2024
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Dow 30 Squeezes Out Another Record High Tuesday – $AAPL $ADT $EPRX $INDP $LLY $MODD $QXO $VIX Rise!
The stock market on August 27, 2024 saw modest gains across major indices, with investors seemingly cautiously awaiting the chipmaking giant NVIDIA's earnings report that is due out on Wednesday. Despite light trading volume ahead of Labor Day, the S&P 500, Nasdaq Composite, and Dow Jones Indust...
Aug 27, 2024
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Dow Jones Achieves New Record High As The Yield Curve Flattens – $BBY $CRM $GEDC $GOVX $LTRN $QXO Rise!
Bucking the trend of its peers, the Dow Jones Industrial Average climbed .2% to close at a new record high of 41,240.52 on Monday. This achievement came despite the mixed performance of other major indices, with the S&P 500 and Nasdaq Composite both ending the day in negative territory. The Dow'...
Aug 26, 2024
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Stocks Perform Downward Ride Prior To Jerome Powell’s Friday Jackson Hole Speech – $MODD $OSIS $PTON $VIX Rise!
The stock market experienced a downturn in its latest session, with major indices closing near their daily lows amid consolidation after recent gains and in advance of tomorrow's highly anticipated speech from Fed Chair Jerome Powell in Jackson Hole. As reported by CNBC, the S&P 500, Nasdaq Comp...
Aug 22, 2024
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Wednesday’s Stock Market Was Right On Target – $ADT $GOVX $TGT TJX $VIX Rise!
Wall Street's major indices staged a comeback on Wednesday, with the Dow Jones Industrial Average climbing 55.52 points to 40,890.49, the Nasdaq Composite leaping 102.05 points to 17,918.98, and the S&P 500 adding 23.73 points to reach 5,620.85. The Russell 2000 outshone its larger counterparts,...
Aug 21, 2024
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The Stock Market Rests On The 8th Day (Aug. 20, 2024) – $AAPL $EPRX $LLY $MODD $MSFT $PANW Rise!
After an impressive eight-day winning streak, the stock market decided to take a bit of a breather on Tuesday, with all three major indexes closing slightly in the red. The S&P 500 dipped .2%, ending its longest rally since November, while the Dow Jones Industrial Average and Nasdaq Composite fo...
Aug 20, 2024
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Wall Street’s Party Continues To Begin The Week – $ADT $DLTR $EPRX $LOW $LTRN $OS $URBN Rise!
Wall Street's party continued to begin the week, with major indices sprinting to new highs like they were chasing an ice cream truck. The S&P 500 flexed its muscles, climbing 1.0% and coming within a whisker (1.1% to be precise) of its all-time high. Meanwhile, the Nasdaq Composite (+1.4%) and R...
Aug 19, 2024
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Walmart, Cisco Boost The Markets On Thursday (August 15, 2024) – $ADT $CSCO $LTRN $MRCY $NVDA $WMT Rise!
The major indices extended their winning streak on Thursday August 15, 2024 as strong retail sales data and positive earnings reports from companies like Walmart (WMT) boosted investor confidence in the U.S. economy's resilience. The Nasdaq Composite led the charge, soaring over 2.3%, while the S&a...
Aug 15, 2024
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The Stock Market’s Muted CPI Response (August 14, 2024) – $EPRX $GEDC $K $MODD $MRCY Rise!
The stock market took a 'breather' on Wednesday, August 14, 2024, following an in-line Consumer Price Index (CPI) report, with major indices showing modest gains as investors digested the latest inflation data and its potential impact on future Federal Reserve decisions. Oil prices pulled back again...
Aug 14, 2024
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Disinflationary Data Fuels Jubilant Stock Market Rally (Aug. 13, 2024) – $ADT $HD $LTRN $MODD $NVDA $SBUX Rise!
The stock market staged a jubilant rally on Tuesday, August 13, 2024, with major indices surging as investors celebrated encouraging inflation data. The S&P 500 and Nasdaq Composite led the charge, climbing 1.7% and 2.4% respectively, while Treasury yields retreated and hopes for potential Fed...
Aug 13, 2024
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Oil Prices, Tech Stocks, NVIDIA Surge On Otherwise Calm Monday – $AAPL $BCOM $EPRX $MCD $MSFT $NVDA $VIX Rise!
Global stock markets edged higher on Monday, August 12, 2024, while the yen slipped, setting the stage for a week filled with crucial economic data releases that could shape market sentiment and investor decisions. The S&P 500 barely budged, closing less than a point above its previous level, ...
Aug 12, 2024
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Wall Street’s Wild Ride: Stocks Soar As Investors Forget How To Spell ‘Recession’ – $ADT $EPRX $INDP $LTRN $MODD $LLY $NVDA Rise!
The stock market experienced a notable upswing, with the S&P 500 climbing 2.3%, the Russell 2000 gaining 2.4%, and the Nasdaq Composite soaring 2.9% on Thursday, August 8. This upward momentum was largely driven by a favorable jobless claims report, which showed a decrease of 17,000 in initial...
Aug 08, 2024
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Hump Day: The Market’s Midweek Mood Swing! – $ADT $INDP $MODD $LTRN $VIX Rise!
U.S. stocks wavered on August 7, 2024, giving back earlier gains as investors struggled to recover from the week's significant losses, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all experiencing volatility amid ongoing economic concerns. Indeed, the stock market start...
Aug 07, 2024
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Wall Street Stages Comeback (August 6, 2024) – $ADT $CAT $INDP $KVUE $LTRN $LUMN $MODD $UBER Rise!
Wall Street staged a remarkable comeback on Tuesday, August 6, 2024, with the Dow rallying 500 points, following a dramatic sell-off that had sent global markets into a tailspin the previous day. The recovery was also broad-based, with gains seen across various sectors, from smaller companies depe...
Aug 06, 2024
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Global Selloff Accelerates On Monday (August 5, 2024) – $EPRX $K $MODD $VIX Rise!
In a financial comedy of errors that would make even Shakespeare cringe, global markets decided to take a synchronized swan dive on Monday, August 5, 2024. In fact, the market's performance was reminiscent of a high-stakes game of algorithmically charged Jenga, with each index tumbling spectacular...
Aug 05, 2024
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Growth Concerns Spark Dramatic Stock Market Reversal (August 1, 2024) – $AZN $EPRX $INDP $META $NEE $VIX Rise!
The stock market experienced a dramatic reversal on August 1, 2024, with major indexes plummeting just a day after a strong rally, as reported by Bloomberg. The NASDAQ fell 2.3%, the S&P 500 dropped 1.4%, and the Dow Jones Industrial Average declined by 1.2%, marking a volatile day for investors...
Aug 01, 2024
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Fed Flirts with Rate Cuts, Stocks Swoon with Joy (July 31) – $ADT $BA $EPRX $NVDA Rise!
Wall Street experienced a surge of optimism on Wednesday, July 31, 2024, as the Federal Reserve hinted at potential interest rate cuts, sparking a rally that saw major indices post their best performance in months. According to reports, Fed Chair Jerome Powell's comments suggesting rate reductions c...
Jul 31, 2024
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Stock Market Mayhem (July 30) – $FFIV $INDP $JBLU $MODD $PYPL $SWK Rise!
The U.S. stock market experienced a mixed performance on July 30, 2024, with Big Tech stocks dragging down major indices while smaller companies saw gains, setting the stage for a humorous recap of the day's financial events and yield curve dynamics. Market Performance Overview The S&P 500 d...
Jul 30, 2024
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Wall Street’s Pivotal Week (July 29) – $EPRX $LTRN $MCD $MODD $TSLA $TWOU Rise!
Wall Street is bracing for a pivotal week ahead, with major tech earnings, a Federal Reserve meeting, and key economic data poised to shape market sentiment and potentially drive significant movements across various sectors. Stock Indices Performance The stock market played a game of financial l...
Jul 29, 2024
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Tech Stocks Take A Tumble As Market Plays ‘Whack-a-Mole’ With Investor Hopes – $ADT $CMG $EPRX $NOW $VKTX $TSLA Rise!
The stock market on July 25, 2024, presented a mixed bag of results, with major indices showing volatility amid a flurry of corporate earnings reports and economic data releases. As reported by Investopedia, investors closely watched the release of second-quarter U.S. GDP data, which was expected ...
Jul 25, 2024
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Hump Day Presents “The Great Tech Tumble of ’24” – $EPRX $INDP $QXO $T $VIX Rise!
Ladies and gentlemen, gather 'round for the Wall Street Comedy Hour! Today's episode: "The Great Tech Tumble of '24" or "How I Learned to Stop Worrying and Love the Bear." Our star-studded cast of indices put on quite the show today, with the Nasdaq Composite stealing the spotlight in a jaw...
Jul 24, 2024
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Stock Market Rollercoaster Presses Forward On July 23 – $EPRX $GME $LMT $LTRN $MODD $SHW $SPOT Rise!
The stock market experienced a bit of a mixed session on July 23, 2024, with major indices showing slight declines while small-cap stocks outperformed. As reported by Reuters, the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all closed marginally lower, while the Russell 2000 in...
Jul 23, 2024
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Stocks Rebound Widely July 22 As US Presidential Election Evolves – $ADT $INDP $LTRN $MAT $MODD $NFLX $NVDA $TSLA Rise!
The stock market rebounded strongly on July 22, 2024, with the S&P 500 gaining over 1% and the tech-heavy Nasdaq Composite rising approximately 1.6%. This rally was led by mega-cap tech stocks and semiconductor shares, with Nvidia surging more than 4.5% as stories surrounding its developme...
Jul 22, 2024
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U.S. Stocks End Sharply Lower Thursday, July 18, 2024 – $DHI $META $MODD $NVDA $TSLA $TSMC Rise!
Quote of the Day -- "Nothing great in the world has ever been accomplished without passion." - Georg Wilhelm Friedrich Hegel U.S. stocks ended sharply lower on Thursday, July 18, 2024, as the technology sector continued to face selling pressure and investor anxiety r...
Jul 18, 2024
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Nasdaq Plunges, Semiconductor Stocks Slump, Dow 30 Breaks Records! – $ADT $JNJ $LTRN $UNH Rise!
Quote of the Day -- "Life consists not in holding good cards but in playing those you hold well." - Josh Billings The Nasdaq Composite experienced its largest single-day decline since late 2022 on July 17, 2024, dropping 2.8% as semiconductor stocks slumped, while the Dow Jones...
Jul 17, 2024
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Dow Surges, Small Caps Rally Tuesday – $ADT $BAC $EPRX $LTRN $MODD $QS $TSLA Rise!
Quote of the Day -- "Family is not an important thing. It's everything." - Michael J. Fox The U.S. stock market experienced a significant rally on July 16, 2024, with the Dow Jones Industrial Average surging over 700 points to reach a new all-time high, while smaller companies and ...
Jul 16, 2024
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Large Caps Hit Records While Small Caps, MicroCaps & Banks Stocks Leap On Monday – $ADT $AMC $GS $IWC $MODD $TSLA $XBI Rise!
Quote of the Day -- "He who is brave is free." - Lucius Annaeus Seneca Happy Monday! I hope all is going well for you and yours to begin the week. As for the stock market today, the all large indices moved upward nicely again achieving to record highs, whi...
Jul 15, 2024
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Goldman Sachs Asset Management Welcomes New Managing Directors – $GS $DIA $SPY $LTRN
As per reports, Goldman Sachs Asset Management has named Anupam Damani and Lindsay Rosner as managing directors for their fixed income and liquidity solutions division. Damani previously held the position of head of international and emerging markets debt at Nuveen, the asset management arm of TIAA...
Sep 14, 2023
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Goldman Sachs Revises U.S. Recession Probability Down To 15% Amid Positive Economic Indicators – $GS $DIA $SPY $LTRN
As per reports, the Goldman Sachs (GS) has revised its estimate of the likelihood of a U.S. recession occurring within the next 12 months, reducing it from the previously forecasted 20% to 15%. The decision to lower this probability was attributed to the ongoing positive trends in inflation and the ...
Sep 13, 2023
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John Greenwood Named Goldman Sachs Co-Head For Latin America & Investment Banking – $GS $DIA $LTRN
Reportedly, The Goldman Sachs Group, Inc. has chosen John Greenwood to assume the roles of co-head for Latin America and head of investment banking for the region. In addition to retaining his position as co-head of Americas structured finance, Greenwood will now take on these extra responsibilitie...
Aug 30, 2023
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Goldman Sachs Welcomes Experienced Banker From Citigroup To Lead Credit Card Partnerships Unit – $GS $AAPL $C $INDP
According to reports, the Goldman Sachs Group, Inc. (GS) has selected an experienced banker named Bill Johnson from Citigroup (C) to head the division responsible for overseeing the company's credit card partnerships, which include notable names like Apple Inc. (AAPL) and General Motors (GM). In hi...
Aug 29, 2023
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Goldman Sachs Anticipates Sluggish Growth & Higher Inflation, Warns Of Tougher Capital Markets – $GS $DIA $SPY $INVO
Reportedly, Goldman Sachs Group, Inc. (GS) is making preparations for a phase of slow growth and increased inflation, anticipating a challenging landscape for capital markets and financing as CEOs exercise caution. Although the U.S. economy has displayed resilience, investors still harbor concerns ...
Jun 15, 2023
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Troy Broderick To Lead Global M&A Business As New COO At Goldman Sachs – $GS $DIA $BRQS
As per reports, Troy Broderick has been appointed as the new chief operating officer for the global mergers and acquisitions business at Goldman Sachs Group Inc (GS). He will be taking over the position from Russ Hutchinson, who left the company in March to become the CFO of Ally Financial Inc. B...
May 24, 2023
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Goldman Raises Forecast For EME – $GS $DIA $INVO
Reportedly, Goldman Sachs Group, Inc. (GS) revised its forecast for emerging market equities (EME) upwards as it witnesses the developing world benefiting from the reopening of China's borders, improving European growth prospects and softening U.S. inflation. The bank sees MSCI's index of emerging...
Feb 09, 2023
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Goldman Sachs Announces Plans For 1000’s Of Job Cuts Amid Economic Slowdown – $GS $DIA $INVO
As per reports, Goldman Sachs Group, Inc. (GS) is to start cutting thousands of jobs, expected to be just over 3,000. The bank had 49,100 employees at the end of the third quarter, after adding a large workforce during the coronavirus pandemic. The layoffs are most likely to affect most major divi...
Jan 20, 2023
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Swati Bhatia Goldman’s Consumer Banking Unit Head Exiting Role – $GS $DIA $INVO
Reportedly, the head of the Goldman Sachs Group, Inc. (GS) direct-to-consumer unit, Swati Bhatia, is stepping down from the role. Bhatia, a former PayPal executive, will retire from the partnership and become an advisory director. Formerly the chief payments risk officer at digital payments company ...
Jan 13, 2023
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Former Bank of England Official Bradley Fried To Chair Goldman Sachs International – $GS $DIS $INVO
Reportedly, former Chair of the Court of the Bank of England, Bradley Fried, has been appointed as the chairman of Goldman Sachs (GS) International. Fried will replace Jose Manuel Barroso, who was the former European Commission president. Fried is expected to assume his role in February next year. ...
Dec 23, 2022
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Goldman Sachs Approves Promotion Of 80 Bankers To Elite Rank – $GS $DIA $INVO
Reportedly, Wall Street Giant Goldman Sachs Group (GS) recently approved 80 bankers as partners including 21 in Europe, the Middle East, and Africa region, 53 employees in the Americas, and 6 in Asia. The promotions are up from 60 people in 2020. The racial breakdown for the 2022 class is 24% Asian,...
Nov 30, 2022
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Goldman Sachs Partners Kava, Crampton To Exit Firm At Year-End – $GS $DIA $ATOS $INVO
Reportedly, Goldman Sachs Group, Inc. (GS) partners Alan Kava and Chris Crampton are retiring from the firm at year-end. Alan Kava, 57, joined the firm in 1997, and was the managing director in 2002, and became a partner in 2008. New-York based Alan Kava is currently chairman of Goldman Sachs Ass...
Nov 30, 2022
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Goldman Sachs Appointed Former Starbucks CEO Kevin R. Johnson To The Board – $GS $SBUX $DIA $ATOS $INVO
As per reports, Kevin R. Johnson is to join as an independent director of the Goldman Sachs Group, Inc. (GS), effective October 26, 2022. The Board announced Mr. Johnson will also join as a member of each of the firm’s Compensation, Governance, and Risk Committees. Mr. Johnson retired in April 20...
Nov 30, 2022
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Is Goldman Sachs Cutting Jobs Amid Economic Slowdown? – $GS $DIA $INVO
As per reports, Goldman Sachs Group, Inc. (GS) is to cut jobs this month after two years of the pandemic. The bank typically lays about 1% to 5% of its staff each year, and this year it plans to cuts in the lower end of that range. In July, the investment bank had warned it might slow hiring and cu...
Sep 27, 2022
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Goldman Hires Elizabeth Burton As Its New Adviser For Asset Management Unit – $GS $DIA $INVO
As per reports, Goldman Sachs Group, Inc's (GS) asset management arm has hired Elizabeth Burton to advise its institutional clients. Burton will be a managing director and client investment strategist at the Wall Street bank's client solutions and capital markets business in New York. Burton will ...
Sep 15, 2022
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Jacqueline Arthur Succeeds Bentley de Beyer To Lead Goldman Sachs HR Unit – $GS $DIA $INVO
Reportedly, Goldman Sachs Group, Inc. (GS) has appointed Jacqueline Arthur, a 15-year veteran of the bank, to run human resources starting Jan. 1. Arthur, 45, will take over from Bentley de Beyer, who has been the bank's global head of human capital management since early 2020. Jacqueline Arthur,...
Oct 06, 2022
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U.S Major Goldman Sachs To Lift COVID Protocols Except For NY & Lima Offices – $GS $DIA $INVO
Reportedly, Goldman Sachs Group, Inc. (GS) to lift pandemic-era protocols at its offices effective Sept. 6. The new protocols will allow employees to enter the company's Americas offices regardless of vaccination status, except in New York City and Lima. However, the New York City employees are stil...
Sep 07, 2022
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Goldman Appoints Australia’s Former Treasurer As Senior Adviser For Asia Pacific Region- $GS $DIA
Reportedly, Goldman Sachs Group, Inc. (GS) has appointed Australia's former Treasurer Josh Frydenberg as the bank's senior regional adviser for the Asia Pacific region. Frydenberg led Australia's economic response to COVID-19 in the previous Liberal-National coalition government, including planning ...
Jul 26, 2022
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Goldman Sachs Reports Q2 Declining Profits – $GS $DIA
As per reports, Goldman Sachs Group, Inc. reported a profit drop of 47% in the second quarter, depicting the end of a pandemic-era boom in Wall Street deal activity. The bank earned $2.93 billion, down from $5.49 billion a year ago. Earnings per share of $7.73 exceeded the $6.56 a share estimate. Re...
Jul 22, 2022
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Goldman Sachs Prepares To Further Diversify Its Workforce – $GS $DIA
Reportedly, the Goldman Sachs Group, Inc. (GS) has increased its diversity recruiting team and increased its budget by $10 million to meet its goals to add more Blacks, women, and Latinos to its workforce. The bank has included roughly 25 new recruiters focused on hiring diverse employees since the ...
May 17, 2022
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Goldman Sachs’ Q1 Earnings Ride High On Wealth Management & Trading – $GS $DIA
As per reports, Goldman Sachs Group, Inc. (GS) reported a 43% drop in first-quarter profit but exceeded market estimates, as its wealth management performed strong and trading businesses partly offset a drop in equity underwriting as stock market listings dried up. Its global markets segment reporte...
Apr 25, 2022
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Goldman Sachs Pushing To Hire Senior Investment Bankers In Singapore – $GS $DIA
Reportedly, Goldman Sachs Group, Inc. (GS) is boosting the hiring of its senior investment bankers in Singapore, as the U.S. lender looks to bolster its dealmaking capabilities in Southeast Asia. The firm has hired Chua Hui Yin from JPMorgan Chase & Co. to cover corporate finance and execution,...
Apr 21, 2022
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Goldman Sachs Agrees To Acquire Chicago-based Fintech Firm NextCapital – $GS $DIA
As per reports, Goldman Sachs Group, Inc. (GS) is set to acquire NextCapital, a Chicago-based fintech firm that provides automated advice to corporate retirement plan participants. The acquisition is among the top five asset management deals New York-based Goldman has done. The deal offers Goldman a...
Apr 11, 2022
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Wall Street Giant Goldman Sachs Exits Russia – $GS $DIA
As per reports, Goldman Sachs Group, Inc. (GS) became the first Wall Street bank to close its operations in Russia and exit the country following Moscow's invasion of Ukraine. Operating in Moscow has been increasingly difficult for Western financial institutions amid international sanctions against ...
Mar 10, 2022
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Is Goldman Seeking The Return Of Bonuses From Bankers Leaving The Bank? – $GS $DIA
As per reports, The Goldman Sachs Group, Inc. (GS) is looking for ways such as seizing vested pay to discourage top bankers from leaving. The U.S major is looking at confiscating vested stock of Omer Ismail and David Stark, both of who left the bank last year. Additionally, Goldman is also pullin...
Feb 27, 2022
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Goldman Sachs Q4 Profits Drop Amid Surging Expenses & Equities Trading Slowdown – $GS $DIA
The Goldman Sachs Group, Inc. (GS) fourth-quarter reported a 13% decline in profits from a year earlier to $3.94 billion, or $10.81 a share, below the $11.76 analyst estimate. Revenue of $12.64 billion was reported versus $12.08 billion expected. The bank’s operating expenses surged 23% on higher ...
Feb 06, 2022
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Goldman Sachs Joins Other Wall Street Banks Delaying Employees Return To Office As Omicron Spreads
Reportedly, Goldman Sachs Group, Inc. (GS) is encouraging its U.S. staff to work from home until Jan. 18, as the Omicron variant spreads. However, the offices will continue to remain open with previously announced COVID-19 safety protocols such as vaccine requirement, booster requirement for all eli...
Jan 06, 2022
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Goldman Sachs Issues Mandate For Its U.S. Employees To Get Booster Shots – $GS $DIA
As per reports, Goldman Sachs Group Inc. (GS) will require its employees and visitors to its U.S. offices receive booster shots of the COVID-19 vaccine starting next year. The spokesperson informed that starting next year February, anyone eligible to receive a booster shot must have obtained one in ...
Dec 29, 2021
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Goldman Sachs Announces Increased Employee Benefits To Attract & Retain Talent
Reportedly, Goldman Sachs Group, Inc. (GS) is offering a series of benefits for its employees, in an attempt to ease the strain on its workers and attract talent. The bank is increasing its retirement fund, matching contributions for U.S. employees to 6% of total compensation, making a jump of 2%. T...
Dec 01, 2021
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Goldman Sachs Promotes Diversity In Hiring
As per reports, Goldman Sachs Group, Inc. (GS) has promoted 643 people to managing director, the bank's second-highest rank behind a partner, which included a higher proportion of female, Black, Asian, and Latino workers. The bank believes that more Black, Latino, and female professionals are to be...
Nov 05, 2021
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American Express & Goldman Collaborating To Offer Businesses Integrated Digital Payments Solutions
Reportedly, American Express (AXP) and Goldman Sachs (GS) Transaction Banking announced a collaboration to provide large corporate clients with a cloud-based payments solution that will support multiple payment options and also offer analytics and data in one integrated platform. The collaboration w...
Oct 25, 2021
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Goldman Sachs Beats Estimates As IBank Revs Surge Nearly 90%! – $GS
Reportedly, Goldman Sachs Group, Inc. (GS) reported their Q3 results, which exceeded analysts’ expectations, as investment banking revenue surged nearly 90%. Earning Highlights: Earnings of $14.93 a share were reported versus $10.18 estimated. Revenue of $13.61 billion was reported, a 26% i...
Oct 18, 2021
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Goldman Acquiring Fintech Firm GreenSky For $2.24B
As per reports, Goldman Sachs Group Inc. (GS) is buying Atlanta-based, GreenSky Inc. for about $2.24 billion, extending its Marcus consumer-banking platform, a company offering payment plans to customers with home-improvement projects or health-care needs. The bank will pay 0.03 share of its common ...
Sep 17, 2021
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Goldman Announces Appointment Of New CFO To Succeed Stephen Scherr
Reportedly, Goldman Sachs Group Inc. (GS) has appointed Denis Coleman, as its chief financial officer effective year-end and is taking over from current CFO Stephen Scherr, 57. Coleman, 47, is currently serving as the co-head of the global financing group in Goldman's investment banking division. Go...
Sep 16, 2021
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Goldman Sachs & Aareal Capital Corp Behind $500 Million Beverly Hilton & Waldorf Astoria Condo Project Refinancing
Reportedly, The Beverly Hilton and adjacent Waldorf Astoria obtained $500 million in refinancing from Goldman Sachs Group Inc. (GS) and Aareal Capital Corp. as the owners are preparing to build a neighboring condo and hotel complex in Beverly Hills, California. According to a statement Aareal, a un...
Aug 24, 2021
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Goldman Sachs Reports Strong Q2 Beating Estimates – Raises Dividend
The Goldman Sachs Group, Inc. (GS) reported strong Q2 earnings this week that exceeded Wall Street expectations, riding high in investment banking amid a robust IPO market. The bank reported earnings of $15.02 per share vs. $10.24 expected & Revenues stood at $15.39 billion versus $12.17 billion...
Jul 13, 2021
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Cisco & Goldman Sachs Announce ESG Conference Call/Webcast For June 22
Reportedly, Cisco & Goldman Sachs will host an Environmental, Social, and Governance Webcast / Conference Call on June 22, 2021, at 11:00 a.m. ET (8:00 a.m. PT/4:00 p.m. BST) for the Financial Community. Senior Vice President, Corporate Affairs, Tae Yoo, will discuss Cisco's Corporate Social R...
Jun 21, 2021
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Goldman Sachs Wins China Approval For Joint Wealth Management Venture With ICBC
Reportedly, China has approved the Goldman Sachs Asset Management Unit and Industrial and Commercial Bank of China (ICBC) joint venture to set up a foreign-controlled wealth management firm. The unit of Goldman Sachs Group Inc will offer a 51% funding contribution ratio, while the wealth management ...
May 27, 2021
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Goldman’s Consumer Business CFO, Sherry Ann Mohan To Join JPMorgan Chase Business Banking Unit
As per reports, JPMorgan Chase & Co (JPM) has hired Sherry Ann Mohan as the chief financial officer of its business banking unit, formerly MD, and CFO for Goldman's (GS) consumer business. Mohan served at Goldman's consumer business, which includes Marcus and Apple Card. Sherry Ann Mohan's depa...
May 19, 2021
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Goldman Sachs Reports Q1 Earnings, Exceeding Market Expectations
Reportedly, the Goldman Sachs Group, Inc. (GS) reported first-quarter net profits and revenues, beating analysts’ estimates driven by a strong performance from the firm’s investment banking and trading businesses. “We have been working hard alongside our clients in preparation for a world b...
Apr 15, 2021
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Goldman Sachs Preparing London Staff To Return Office
As per reports, Goldman Sachs Group Inc (GS) is preparing the return for hundreds of staff back in its London office, after Easter Break, as companies now expect normal working conditions during the COVID-19 pandemic. Nearly 200 of Goldman's 6,000 London employees are expected to return to the offic...
Apr 07, 2021
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Goldman May Soon Offer Bitcoin To Wealth Management Clients
Goldman Sachs Group Inc (GS) is reportedly planning to offer investment vehicles for Bitcoin and other digital assets to its private wealth management unit clients. ″We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem f...
Apr 08, 2021
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Goldman Considering Take Over Of JetBlue’s Credit Card Business
As reported in the Wall Street Journal, Goldman Sachs Group Inc. (GS) is in talks with JetBlue Airways Corp to take over its credit card program. The bank is competing with Barclays PLC, which is the current issuer of JetBlue's credit cards and is reportedly in talks with the low-cost airline to str...
Mar 23, 2021
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Goldman Sachs Partner Matthew Verrochi To Be New Co-Head Of Fixed-Income Sales
Reportedly, Goldman Sachs Group Inc. (GS) has promoted Matthew Verrochi to lead fixed-income sales in the Americas alongside Av Bhavsar amid a leadership shuffle. Matthew Verrochi, with 17-year service to the firm, previously served as the regional head for the trading division in San Francisco. Mat...
Mar 18, 2021
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Goldman Sachs’ Head Lawyer Karen Seymour Exits Position
As per the Bloomberg report, Goldman Sachs Group Inc's (GS) general counsel Karen Seymour is leaving the bank. Seymour played a pivotal role in the bank's negotiations to settle U.S. and international investigations into the role Goldman Sachs bankers played in Malaysia's 1MDB corruption scandal. ...
Mar 03, 2021
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Colleen Foster, Goldman’s Global Head Of Commodities Finance Is Retiring
Reportedly, Colleen Foster, global head, commodities finance solutions, Goldman Sachs Group Inc (GS) is retiring after serving the firm for more than twenty years. She joined Goldman Sachs in 1999 as a vice president in energy sales and was named partner in 2006. Foster's last role was in investmen...
Feb 25, 2021
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Goldman Launches Marcus Invest An Automated Wealth-Management Platform
Reportedly, Goldman Sachs Group Inc. (GS) is launching an automated wealth-management platform responsible to rebalance and allocate customers' wealth across portfolios of bonds and stocks. The bank informed consumers can open an account with Marcus Invest with a minimum of $1,000 and will be charge...
Feb 17, 2021
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Goldman Sachs Reports Strong Q4 Earnings Riding High On Equities Trading & Investment Banking
Wall Street giant, Goldman Sachs Group, Inc. (GS) reported Q4 earnings recently, exceeding market estimates as they rode high on equities trading and investment banking. The bank reported EPS of $12.08 versus. $7.47 expected. Net revenue of $11.74 billion was reported versus. $10.07 billion expected...
Jan 26, 2021
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Goldman Inks Deal For General Motors Credit-Card Business
Reportedly, Goldman Sachs Group Inc. (GS) has signed a deal to take over General Motors Co.’s credit-card portfolio. Goldman Sachs will be the issuer for the automaker’s credit-card program with an expected start date in September. Mastercard Inc. will remain the network for the cards. ...
Jan 19, 2021
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Goldman & Marqeta Partnering Personalized & Feature-rich Digital Banking Services
As per reports, The Goldman Sachs Group, Inc. (GS) has partnered with the card-issuing startup Marqeta to develop digital checking accounts set to launch this year. The bank expects the partnership will enable it to offer more personalized and feature-rich digital banking services to its customers....
Jan 18, 2021
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