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Keyword: goldmansachs

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  • Apple’s kind of a bank now

    06/08/2022 5:31:25 PM PDT · by American Number 181269513 · 2 replies
    The Verge ^ | Jun 8, 2022 | Emma Roth
    Apple’s going to handle the lending for its new buy now, pay later (BNPL) service, and doesn’t plan on shifting that responsibility to a financial service, according to reports from Bloomberg and CNBC. The company’s subsidiary, Apple Financing LLC, is reportedly licensed to provide lending services and will remain separate from Apple’s main business. Apple announced its BNPL service, Pay Later, at its annual Worldwide Developers Conference (WWDC) on Monday. The service will let users make a purchase through Apple Pay, and then pay back that amount in four equal installments over the course of six weeks with no interest....
  • 2022/2024 Watch: Cruz heading to Pennsylvania to campaign with McCormick days after Trump rally for Oz

    05/08/2022 12:02:36 PM PDT · by conservative98 · 73 replies
    Fox News ^ | May 8, 2022 | Paul Steinhauser
    EXCLUSIVE - Republican Sen. Ted Cruz of Texas will team up on Thursday and Friday with Dave McCormick, one of the front-runners in Pennsylvania’s crowded, combustible, and expensive GOP Senate primary. [cut] Cruz’s two days of campaigning with McCormick will come just ahead of Pennsylvania’s May 17 primary, and it also comes less than a week after former President Donald Trump headlined a rally in western Pennsylvania with McCormick’s rival for the nomination, Mehmet Oz, whom Trump endorsed just a couple of weeks ago.
  • How Goldman Sachs profits from war in Ukraine

    03/10/2022 8:37:50 PM PST · by anthropocene_x · 7 replies
    NBC ^ | 10 March, 2022 | Jonathan Allen, Stephanie Ruhle and Charlie Herman
    Goldman Sachs, the giant New York investment bank, is cashing in on the war in Ukraine by selling Russian debt to U.S. hedge funds — and using a legal loophole in the Biden administration’s sanctions to do it. As the Western world scrambles to defend Ukraine by locking down Russian money, the company is acting as a broker between Moscow’s creditors and U.S. investors, pitching clients on the opportunity to take advantage of Russia’s war-crippled economy by buying its debt securities low now and selling them high later, according to four financial world sources familiar with the strategy. Goldman’s effort...
  • Gold Is The Geopolitical Hedge Of First Resort, Goldman Sees $2150 Within 12 Months

    02/14/2022 12:32:24 PM PST · by blam · 14 replies
    Zubu Brothers ^ | 2-14-2022
    Geopolitical risks are on the rise in a system with no slack, and that, according to Goldman Sachs commodities research chief, Jeffrey Currie, strengthens his thesis that the case for commodities has rarely been stronger. While many commodities are fundamentally exposed to events in Ukraine, believes oil and gold provide the cleanest hedges for this geopolitical risk. First, there is clear upside skew in oil prices on both a tactical and strategic basis, with any geopolitical risk premia coming in on top of the tightest inventory levels in decades, low spare capacity and a much less elastic shale sector. If...
  • Bannon rising (This is great)

    11/26/2016 6:25:36 AM PST · by RoosterRedux · 61 replies
    washingtontimes.com ^ | Tuesday, November 22, 2016 | Emmett Tyrrell
    History is not standing still. It did not stop with the Clinton era, which is now finally over. At least history did not stop for America. America is moving along and at a rapid pace. For the Clintonistas and their millennial acolytes, however, I guess America did stop. In fact, it froze, locked into an eternal 1968, forever reliving all the demonstrations, the sit-ins and the sobbing, heaving hubbub of yesteryear. Yet America goes on riding the currents of history, and those currents are moving rapidly. As for the Clintons themselves, they have been stopped dead in their tracks. There...
  • Goldman just figured out why the labor shortage will last for a long time: 60% of the missing workers retired, many for good

    11/14/2021 7:56:38 AM PST · by millenial4freedom · 81 replies
    Yahoo! News ^ | 11/12/2021 | Juliana Kaplan, Madison Hoff
    Reports of labor shortages may not end anytime soon because a hefty number of retirement age workers have left the labor force - and a whole lot of them may not be coming back. A Friday note from Goldman Sachs researchers led by Jan Hatzius finds that 3.4 million of the people who left the labor force - meaning they're not working or aren't actively looking for work - are over 55. Roughly 1.5 million of them were early retirements, and 1 million were normal retirements. Those two groups of retirements "likely won't reverse," meaning that, out of the five...
  • Goldman Sachs Says Economic Impact From Delta Variant Will Likely Be “Modest”

    07/13/2021 6:25:35 PM PDT · by SeekAndFind · 7 replies
    Nation and State ^ | 07/14/2021 | Tyler Durden
    Now that the Delta Variant is officially the fastest spreading COVID strain in the US, a team of analysts at Goldman Sachs who have been trying to forecast the impact of Delta on the global economy declared last week that emerging economies with low vaccination rates are the most vulnerable to Delta-induced lockdowns and other economy-crushing containment measures. However, in heavily vaccinated countries like the US and UK, the analysts pointed out a newfound discrepancy: while Delta is driving new cases higher in places where restrictions on movement and business have recently been lifted, the number of new hospitalizations and...
  • Eight climate change protesters are arrested outside Ted Cruz's $2million Texas home after they refused to get off his lawn in hour-long standoff with police

    06/22/2021 8:35:31 AM PDT · by DFG · 116 replies
    UK Daily Mail ^ | 06/22/2021 | Andrew Court
    Eight people have been arrested for trespassing during a climate change protest outside Ted Cruz's Houston home. Around 70 activists staged a demonstration outside the Texas Senator's $2million property in the ritzy River Oaks neighborhood on Monday morning, before police were called to the scene. The protest was held by the Sunrise Movement, an organization advocating for political action on climate change, with video showing some of the participants sitting on Cruz's front lawn and refusing to budge. Police negotiated with some of the activists for more than an hour, and threatened to take them into custody if they did...
  • Futures slip as bank stocks fall on hedge fund default concerns

    03/29/2021 4:30:58 AM PDT · by RomanSoldier19 · 10 replies
    https://www.reuters.com ^ | MARCH 29, 2021 | By Devik Jain 2 MIN READ
    U.S. stock index futures dropped on Monday after Wall Street’s surge in the prior session as major lenders came under pressure on concerns over possible spillover effects of a hedge fund’s default on margin calls. Nomura and Credit Suisse warned of significant losses after the U.S. hedge fund, named by sources as Archegos Capital, defaulted, hitting shares in some big U.S. media and Chinese tech companies. The news has sparked fears that other lenders could be in the process of exiting these positions too. Shares in Bank of America Corp, Citigroup Inc, JPMorgan Chase & Co, Goldman Sachs, Wells Fargo...
  • Goldman Sold $10.5 Billion of Stocks in Block-Trade Spree

    03/28/2021 9:34:01 AM PDT · by MeneMeneTekelUpharsin · 48 replies
    Yahoo Finance ^ | 27 March 2021
    Goldman Sachs sold a LOT of stocks friday to the tune of 10.5 billion. Something's up. Link only. Click here for story.
  • Biden Puts Obama Economist w/Ethical Problems in Charge of $1.9 Trillion "COVID" Giveaway

    03/16/2021 7:18:12 AM PDT · by SJackson · 4 replies
    Frontpagemagazine ^ | Mar 16, 2021 | Daniel Greenfield
    What could go wrong? Biden is appointing Gene Sperling to a role overseeing the implementation of the administration’s coronavirus relief plan, a White House official confirmed on Monday. The announcement could come as early as Monday, sources familiar with the plans told POLITICO, which first reported the administration’s plans to tap Sperling. Sperling, who currently lives in Los Angeles with his family, brings a wealth of experience on economic policy issues to the stimulus czar position. He served as head of the National Economic Council under both Clinton and Obama as well as a top adviser at the Treasury Department...
  • Goldman Sachs Unveils $10 Billion Push to Invest in Black Women

    03/11/2021 6:54:00 AM PST · by karpov · 24 replies
    Wall Street Journal ^ | March 10, 2021 | Ben Eisen
    Goldman Sachs Group Inc. said Wednesday it would invest $10 billion over the next decade in businesses and organizations that benefit Black women. The commitment is meant to channel capital and resources toward a group that has historically faced challenges accessing them. Goldman Sachs GS plans to invest in housing, healthcare and other programs with the ultimate goal of narrowing the wealth gap between Black women and others. The bank also will commit $100 million to philanthropy. Investments could include, for example, a company that reskills home-care workers, an industry that employs many Black women; a community-development financial institution in...
  • Goldman Sachs reportedly set to make $200M off Texas winter storm

    03/05/2021 2:11:14 PM PST · by nickcarraway · 34 replies
    New York Post ^ | March 5, 2021
    Traders at Goldman Sachs may reap huge profits from the winter storm last month that left many across Texas and other Southern states without electricity, clean water and heat, Bloomberg News reported Friday. The Wall Street bank could make up to $200 million from the physical sale of power and natural gas and from financial hedges after spot prices jumped, the report said, citing people familiar with the matter. SNIP Bloomberg reported that while the bank could make $200 million on paper, the actual profits collected are likely to be less, as regulators and consumers intervene with legal challenges in...
  • Goldman Warns If The Short Squeeze Continues, The Entire Market Could Crash

    01/31/2021 6:31:16 AM PST · by TigerClaws · 120 replies
    Last Friday (Jan, 22) we advised readers who thought they had missed the move in GameStop (they hadn't), to position appropriately in the most shorted Russell 3000 names which included such tickers as FIZZ, DDS, BBBY, AMCX, GOGO and a handful of other names, as it was likely that the short-squeeze was only just starting. We were right and all of the stocks listed above - and others - exploded higher the coming Monday, and all other days of the week, with results - encapsulated by the WallStreetTips vs Wall Street feud - that has become the top conversation piece...
  • Deutsche Bank, Goldman Sachs plans to flee NYC sign of big trouble

    12/16/2020 6:27:57 PM PST · by yesthatjallen · 28 replies
    NYPost ^ | 12 16 2020 | Post Editorial Board
    New York’s golden geese are flying south, and not just for the winter. The analytics firm Unacast reports that more than 3 million have fled the city during the pandemic — replaced by slightly fewer who earn a lot less, for a net reduction in income of some $34 billion. Its estimates, based on cellphone data, may be off a bit, but signs that higher earners have left town are everywhere. And top businesses are eyeing the exits, too. Deutsche Bank AG is the most recent in a long line of major companies looking to escape the tax-heavy, high-cost city...
  • U.S. Supreme Court takes up Goldman Sachs class action appeal

    12/11/2020 7:49:07 PM PST · by Stravinsky · 21 replies
    Reuters/MSN ^ | December 11, 2020 | Jonathan Stempel
    (Reuters) - The U.S. Supreme Court on Friday agreed to hear Goldman Sachs Group Inc's appeal in a securities fraud case that could redefine the ability of shareholders to pursue class actions against public companies whose stock prices fall. Goldman is appealing an April decision from the 2nd U.S. Circuit Court of Appeals in Manhattan allowing a class action accusing the bank of hiding conflicts of interest when creating risky subprime securities before the 2008 financial crisis. A decision is likely before the end of the court's current term in June.
  • Escape from New York! Wall Street Behemoth Goldman Sachs ditches The Big Apple

    12/09/2020 7:55:32 AM PST · by SeekAndFind · 43 replies
    Liberty Nation via NOQ Report ^ | 12/09/2020 | Andrew Mor
    The Big Apple turned into a rotten fruit that spoiled the Wall Street bunch. It turns out that Wall Street could star in the next reboot of Escape From New York as Goldman Sachs has reportedly joined the exodus of companies potentially fleeing The City That Never Sleeps for sunshine and tax advantages. Bloomberg News broke the story that the financial titan is considering relocating its $8 billion management arm to either Palm Beach County or Fort Lauderdale as it researches real estate spots and engages with local Florida officials about tax benefits. Could Wall Street 2.0 form in the...
  • Goldman Sachs eying Florida move for key division, report says

    12/06/2020 11:57:31 PM PST · by knighthawk · 10 replies
    NY Post ^ | December 06 2020 | Kate Sheehy
    Goldman Sachs is eying a move to Florida for one of its key divisions — in what could be yet another major blow to New York City’s position at the helm of the financial industry, a new report says. The financial titan is considering relocating its $8 billion-revenue-generating asset-management arm to Palm Beach County or Fort Lauderdale, checking out potential real estate, chatting up local officials and weighing the Sunshine State’s tax advantages, sources told Bloomberg. The potential development comes on the heels of several other investment companies moving from the Big Apple to down South — and battering New...
  • "It's The Roaring '20s Again": Goldman Sachs Boosts Forecast, Now Sees S&P 500 Hitting 4,600 In 2022

    11/11/2020 9:21:34 AM PST · by SeekAndFind · 18 replies
    USSA News ^ | 11/11/2020 | Tyler Durden
    Two days ago, JPMorgan - which just two weeks ago predicted that "an orderly Trump victory was the most favorable outcome for equities (upside to ~3,900)" - engaged in some pretty blatant revisionism and not only flip-flopped on its view of how Congressional gridlock would impact markets, which it now sees as the optimal outcome for stocks, but in a note saying that the "Vaccine Rotation, Subsiding Risks" are nothing short of "Market Nirvana", boosted its September market price targets, and now sees the S&P reaching 3,600 before year-end, 4,000 by early next year, and "a good potential for...
  • Goldman Sachs Executive Who Profited Off Housing Collapse Pours $200K into Joe Biden Campaign

    10/22/2020 12:14:42 AM PDT · by knighthawk · 2 replies
    Breitbart ^ | October 21 2020 | JOHN BINDER
    The former Goldman Sachs executive who helped one of the biggest banks profit off the nation’s housing collapse in 2008 is pouring hundreds of thousands of dollars into Democrat presidential candidate Joe Biden and Sen. Kamala Harris’s (D-CA) campaign. Donald Mullen Jr., as first noted by the Washington Free Beacon, gave $200,000 to the Biden Victory Fund in August. Mullen was a key architect of the “Big Short” scheme that allowed Goldman Sachs to profit from the housing collapse. New York Magazine detailed the scheme: