Business News
‘Sobbing Through Meetings’: Goldman Sachs Hit With $1.1 Million Lawsuit From Former Executive Alleging a ‘Culture of Bullying’
Goldman Sachs says the claims are "without merit."
By Emily Rella
Goldman Sachs | Page 2
Tech
Goldman Sachs Says AI Could Replace The Equivalent of 300 Million Jobs — Will Your Job Be One of Them? Here’s How to Prepare.
The galloping evolution of AI technologies has captured media attention over the past several months. But what are its potential ramifications? Is there a real risk that AI will replace humans at their job in the near future? And if so, how can we, as entrepreneurs, get prepared?
Business News
AI Could Replace Up to 300 Million Workers Around the World. But the Most At-Risk Professions Aren’t What You’d Expect.
Goldman Sachs economists predict 18% of work could be automated by AI.
Business News
3 Banks Worth Considering For Q4
Could bank stocks be about to turn around and head north for the last quarter of the year? Let's take a look at three of them that are worth considering.
By Sam Quirke
Business News
Goldman Sachs Says U.S. Can Still Avoid a Recession
According to Goldman Sachs, a soft landing is still possible despite ongoing recession fears and interest rate hikes by the Fed.
Business News
Goldman Sachs Returns to Pre-Pandemic Office Life
Employees have been required to be in office for over a year.
By Emily Rella
Business News
Top Investment Banks Boost Intern Pay to $16,000 a Month Amidst Wall Street Talent War
Wall Street is dishing out millions to compete for top-tier talent in an airtight labor market.
Business News
Goldman Sachs Makes History With First-Ever OTC Crypto Trade
The trade was made with crypto merchant bank Galaxy Digital.
By Emily Rella
Business News
Treasury Yields Touch Fresh 52-Week Highs Amid Fed Tightening
The yield on the benchmark 10-year Treasury note has risen to around 1.77 percent. The 2-year yield rallied to about 0.94 percent, while the 30-year bond topped 2.09 percent.
Business News
Sticky Inflation and Job Market Tightening Will Push Fed to Hike Rates 4 Times in 2022: Goldman Sachs
Jan Hatzius, chief economist at Goldman, wrote in a note Sunday that the investment bank is predicting a fourth 25-basis-point rate hike in December of this year, up from an earlier projection of three.
Business News
Partner at McKinsey Management Consulting Company Charged With Insider Trading
In a press release, the SEC said Puneet Dikshit, a partner at McKinsey, was trading illegally in advance of a corporate acquisition by one of the firm's clients in September.
Business News
Shipping Problems to Persist Through 2022 Amid Supply Chain Crisis: Economists
Roughly 77 ships are currently waiting outside docks in the Ports of Los Angeles and Long Beach, California, carrying a staggering $24 billion worth of goods waiting to be offloaded, CNBC reported, citing economists at Goldman Sachs.
Business News
Should You Buy the Post Earnings Dip in Bank of America?
In the universe of bank stocks, Bank of America (NYSE: BAC) is considered to be one of "the rest." That is, that many investors view JPMorgan Chase (N...
Business News
3 Banks Set To Soar In Q3
As we pass the halfway point of 2021 and round the corner into Q3, here are three banks set to do particularly well in the coming months.
By Sam Quirke
Business News
Goldman Sachs Announces First Round of Capital Investments and Philanthropic Grants to 1 Million Black Women
Goldman Sachs' initiative will commit more than $10 billion to advance racial equity and the economic opportunity of Black women.
By Derek Major
Business News
Bitcoin Will Hit $250,000 in 2021 From This ‘Rocket Fuel,’ Says Goldman Sachs Alum
The cryptocurrency is down 20% from April's all-time high of $64,829.
By Euni Han
Business News
Goldman Sachs Releases Diversity Data on Leadership Makeup, And the Numbers Aren’t Promising
In a recent sustainability report, the firm revealed that it had just 49 Black executives and senior managers working in the U.S.
By Justin Chan
Business News
Amid Intense Criticism, Wall Street Firms Are Now Giving Junior Bankers 6-Figure Bonuses in a Desperate Bid to Retain Them
The announcements come as junior-level analysts and associates have raised concerns about their overwhelming workloads.
By Justin Chan
Business News
Goldman CEO Promises to Give Break to Tired Employees Who Work 100 Hours a Week
First-year analysts at the firm said they would likely leave if working conditions remained the same after six months.
By Justin Chan
Business News
Goldman Sachs CEO Lloyd Blankfein Has ‘Highly Curable’ Form of Lymphoma
Blankfein will work as normal throughout his treatment, but has reduced his travel plans.
By Geoff Weiss
Building a Business
‘Brand Equity’ Is an Intangible That’s Worth Real Money
The resurrection of Arthur Andersen as a brand name is a compelling example of the enduring value of a company's reputation.
Building a Business
6 Big Things You Need to Know About Bitcoin This Week
Which startup wants to bury your Bitcoin in a subterranean 'vault'? Which global investment giant disses Bitcoin as not a currency at all? Which billionaire called Bitcoin 'just a joke'? Find out here.
Online Presence
The Ban on Talking in the Elevator at Goldman Sachs Can Finally Go Away
John Lefevre, the man unmasked as the author of the @GSElevator Twitter account that purported to dish out snippets of uncensored conversation at Goldman Sachs, was found to have never worked at the bank.
By Laura Entis
Building a Business
Report: U.S. Business Mergers at Highest Levels Since 2001
With deals totaling more than $1 trillion last year, the U.S. accounts for more mergers worldwide than it has in more than a decade.
By Geoff Weiss