Goldman Sachs has made an announcement on Monday regarding the sale of its personal financial management unit to Creative Planning, a competitor in the industry. The transaction is set to close within the fourth quarter of this year, providing a gain for Goldman Sachs. The specific sale price for the personal financial management business was …
An aerial view of the city of San Francisco skyline and the Golden Gate Bridge in California, October 28, 2021. Carlos Barria | Reuters Jan Sramek, a former Goldman Sachs trader, is quietly developing an innovative urban utopia near San Francisco and Silicon Valley in California. However, this ambitious project, which began a few years …
When it comes to assessing the health of the U.S. economy, policymakers and economists rely on a variety of indicators, such as Gross Domestic Product (GDP), Consumer Price Index (CPI), and the Unemployment rate. However, there is another crucial metric that often goes unnoticed – labor productivity. Labor productivity measures the efficiency of workers in …
An exterior view of the Nvidia headquarters in Santa Clara, California, May 30, 2023. Justin Sullivan | Getty Images Explore the latest market movers during midday trading. Palo Alto Networks soared by 15.2% as the security software provider surpassed earnings expectations in their latest report. Goldman Sachs reconfirmed the stock as a buy after the …
Malaysia’s Prime Minister, Anwar Ibrahim, is determined to recover the funds owed to Malaysians in the 1MDB money laundering scandal. He has not ruled out the possibility of taking legal action against Goldman Sachs, whom he accuses of being complicit in the crime. In an exclusive interview with CNBC, Anwar expressed his disappointment with Goldman …
Kathryn Ruemmler, former White House Counsel, has found herself entangled in a shocking revelation of her connection to sex predator Jeffrey Epstein. According to a recent court filing, Epstein played a role in establishing a client relationship between Ruemmler and JPMorgan Chase in February 2019, just months before his arrest on federal child sex trafficking …
Former Goldman Sachs CEO Lloyd Blankfein denies a news report claiming he offered to return to the company after stepping down. In a conversation with CNBC, Blankfein stated that The New York Times misquoted him in their article, where they alleged that he expressed impatience with the firm’s progress and offered to help in their …
Workers are currently replacing a roller used to compress steel at the A&T Stainless steel plant in Midland, Pennsylvania, as seen on March 2, 2020. Michael Rayne Swensen | Bloomberg via Getty Images Take a look at the latest news from companies making waves in premarket trading. U.S. Steel — Shares of the steel producer …
A UPS worker inspects an Amazon package for delivery in New York. Eduardo Munoz | Reuters Explore the trending companies in premarket trading. Sagimet Biosciences — Shares of the biopharmaceutical company surged 31% following an upgrade from Goldman Sachs. The firm emphasized Sagimet’s potential for significant gains due to advancements in its treatment for nonalcoholic …
During the Securities Industry and Financial Markets Association annual meeting in Washington, D.C. on October 24, 2017, John Rogers gave an interview where he shared his insights. According to an employee memo from Goldman Sachs CEO David Solomon, Rogers, a prominent executive in Goldman Sachs, will be stepping back from some of his responsibilities next …