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Goldman Sachs

U.S. multinational investment bank

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Goldman Sachs: U.S. multinational investment bank
The Goldman Sachs Group, Inc., is an American multinational investment bank and financial services company headquartered in New York City. It offers services in investment management, securities, asset management, prime brokerage, and securities underwriting.


Aggressive Fed boost fails to stop sell-off [Video]

Aggressive Fed boost fails to stop sell-off

Wall Street's slide deepened Monday as unprecedented moves to shore up credit failed to sooth investors fears about the coronavirus crisis. As Fred Katayama reports, the Senate's failure to pass a..

Credit: Reuters Studio     Duration: 01:23Published
Goldman Sachs CEO Gets Raise, Now Makes $27.5 million [Video]

Goldman Sachs CEO Gets Raise, Now Makes $27.5 million

Goldman Sachs CEO David Solomon received a 19% raise for his work in 2019/ The increase bumps his pay to $27.5 million for 2019, up from $23 million for his work in 2018. This includes a $1.9 million..

Credit: Wochit News     Duration: 00:38Published
Global economy is already in recession -economist poll [Video]

Global economy is already in recession -economist poll

The global economy is already in recession due to the coronavirus pandemic, according to economists polled by Reuters, separately Goldman Sachs sees U.S. GDP plunging 24 percent in the second quarter...

Credit: Reuters Studio     Duration: 02:06Published
U.S. layoffs surge amid coronavirus shut down [Video]

U.S. layoffs surge amid coronavirus shut down

Weekly unemployment claims surged to a 2-1/2 year high as companies laid off workers because of the coronavirus pandemic that has frozen economic activity. Conway G. Gittens has more.

Credit: Reuters Studio     Duration: 01:45Published
'D' word rears head as coronavirus-hit markets brace for recession [Video]

'D' word rears head as coronavirus-hit markets brace for recession

The coronavirus shockwaves rippling through U.S. stocks are forcing investors to contemplate outcomes more dire than a recession, including several quarters of declining economic activity, a credit..

Credit: Reuters - Politics     Duration: 01:54Published
S&P bear market will soon end - Goldman Sachs [Video]

S&P bear market will soon end - Goldman Sachs

Goldman Sachs predicts the S&P 500 will plunge 28% from its February peak, putting it deep into a bear market. As Fred Katayama reports, Wall Street edged closer to bear territory Wednesday.

Credit: Reuters Studio     Duration: 01:29Published
Dow nosedives 1,190 points into correction territory [Video]

Dow nosedives 1,190 points into correction territory

Fear the coronavirus is turning into a pandemic sparked another major stampede out of stocks, prompting the worst point-drop for the Dow in history as stocks crumbled 4 percent. Conway G. Gittens looks..

Credit: Reuters Studio     Duration: 02:34Published
Wall St. extends plunge as coronavirus spreads [Video]

Wall St. extends plunge as coronavirus spreads

U.S. stocks tumbled for a sixth consecutive session as the rapid spread of coronavirus fueled global economic growth fears. Conway G. Gittens reports.

Credit: Reuters Studio     Duration: 01:54Published
Prince Harry in talks with Goldman Sachs to join speaking circuit [Video]

Prince Harry in talks with Goldman Sachs to join speaking circuit

A source close to the bank confirmed that the Duke of Sussex is discussing the possibilitynof participating in its “Talk at GS” speaker series in London.

Credit: Cover Video STUDIO     Duration: 00:51Published
Wall St. hits record highs as virus fears ease [Video]

Wall St. hits record highs as virus fears ease

Wall Street set record-closing highs for the Dow, Nasdaq and S&P 500 as investors cheered signs that the worst of China's coronavirus scare could be behind us. Conway G. Gittens has the market action.

Credit: Reuters Studio     Duration: 01:40Published

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National Cathedral, Nasdaq, Businesses and Unions Locate Troves of N95 Masks

One stockpile was in the cathedral’s crypt. Others were with companies like Goldman Sachs. And a health care union said it found 39 million more. - Published

This is no 2008: Mnuchin borrows from Paulson's economic crisis playbook

U.S. Treasury Secretary Steven Mnuchin has stepped into the breach as the Trump administration's point man to rescue the economy from coronavirus devastation, taking on the role his former Goldman..
Reuters - Published

U.S. crude plunges to 18-year low as lockdowns spread

Oil prices plunged on Wednesday, with U.S. crude futures hitting an 18-year low and Brent a 16-year low as Goldman Sachs said lockdowns to counter the coronavirus pandemic raised prospect of the..
Reuters - Published

Goldman slashes China growth forecast; imported coronavirus cases rise

Goldman Sachs said on Tuesday that China's economy will likely shrink 9% in the first quarter, underscoring how the coronavirus has disrupted normal business activities, even as China reported a rise..
Reuters - Published

Two Goldman Sachs employees test positive for coronavirus

Goldman Sachs Group Inc said on Sunday two of its employees were diagnosed with coronavirus.
Reuters - Published

Goldman, Citi among banks curbing Italy trips over coronavirus fears - sources

Goldman Sachs, Citigroup Inc, Credit Suisse and other investment banks have curbed trips to Italy amid fears that the coronavirus outbreak across the north of the country could quickly spread across..
Reuters - Published

Goldman steps up staff travel restrictions as coronavirus spreads

Goldman Sachs has restricted all business travel to, from and within South Korea and the Northern Italian regions of Lombardy and Veneto in the wake of the coronavirus spread, a staff memo seen by..
Reuters - Published

Goldman Sachs pleads not guilty in Malaysia over 1MDB bond sales: state media

Three units of Goldman Sachs pleaded not guilty to charges of misleading investors regarding $6.5 billion in bond sales that the U.S. investment bank helped raise for state fund 1Malaysia Development..
Reuters - Published

Goldman Sachs warns a ‘near-term correction’ risk for stocks grows as coronavirus complacency abounds

goldman sachs warns a ‘near-term correction’ risk for stocks grows as coronavirus complacency abounds
Stocks look ready to take a breather and you can blame that on some fresh coronavirus worries. Japan reported two deaths from a cruise ship and South Korea told 2.5 million people to stay home..
WorldNews - Published

Buffett's Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes

Warren Buffett's Berkshire Hathaway Inc on Friday said it has taken a $549.1 million stake in Kroger Co, investing in the largest U.S. supermarket chain as smaller rivals struggle.
Reuters - Published

Mnuchin and Blankfein say Bernie Sanders would 'ruin' U.S. economy

Former Goldman Sachs head Lloyd Blankfein and U.S. Treasury Secretary Steven Mnuchin both said that Democratic presidential candidate Bernie Sanders would destroy the U.S. economy if he wins.
Reuters - Published

Exclusive: Goldman Sachs to raise $8 billion for new buyout fund - sources

Goldman Sachs Group Inc plans to raise $8 billion in only its second buyout fund since the 2008 financial crisis, bolstering its ability to secure deals worldwide, said two people with direct knowledge..
Reuters - Published

U.S. Federal Reserve bars former Goldman Sachs executive for role in 1MDB scandal

The U.S. Federal Reserve said on Tuesday that it permanently barred a former Goldman Sachs Group Inc executive from the banking industry over his role in Malaysia's multi-billion-dollar 1MDB corruption..
Reuters - Published Also reported by •WorldNews

Ex-Goldman Sachs VP renews lawsuit alleging anti-LGBTQ bias

A former Goldman Sachs Group Inc vice president has renewed his lawsuit accusing the Wall Street bank of firing him after he complained about being discriminated against because he was gay.
Reuters - Published

Goldman says staff with mainland China exposure should avoid office

Goldman Sachs has instructed staff who have been in mainland China to work from home or be out of the office for 14 days since they were last there, according to an internal notice.
Reuters - Published

Goldman Sachs to companies: Hire at least one woman director if you want to go public

From June 30, Goldman Sachs Group Inc will only help take a company public if it has at least one diverse board member, as such companies perform better after listing, Chief Executive David Solomon..
Reuters - Published

Goldman pledges 'concrete' expense target after profit decline

Goldman Sachs Group Inc will set an expense target at its investor day later this month, management said on Wednesday, after the bank missed Wall Street profit expectations due to inflated costs.
Reuters - Published

S&P, Dow open lower as banks weigh

The S&P 500 and the Dow opened lower on Wednesday, dragged down by banking shares after disappointing results from Goldman Sachs, while investors awaited the release of details of an initial U.S.-China..
Reuters - Published

Goldman profits slump on 1MDB legal woes

Goldman Sachs Group Inc reported a bigger-than-expected fall in quarterly profit on Wednesday as the Wall Street bank set aside more money to cover legal costs for the 1MDB corruption scandal,..
Reuters - Published

Goldman Sachs profit falls 24% as legal expenses mar results

goldman sachs profit falls 24% as legal expenses mar results
NEW YORK (AP) — Goldman Sachs said its fourth-quarter profits dropped by 24% from a year earlier, as the bank had to set aside money to cover its looming settlement with U.S. authorities over its..
WorldNews - Published

Goldman Sachs profit misses estimates on higher costs, weak M&A

Goldman Sachs Group Inc on Wednesday reported quarterly profit that missed analysts' estimates by a wide margin, hurt by weakness in its investment banking business and higher operating costs.
Reuters - Published

Stocks open higher on Wall Street ahead of China trade deal

stocks open higher on wall street ahead of china trade deal
NEW YORK (AP) — Stocks are opening broadly higher on Wall Street as traders welcome news that China's top trade official will head to Washington next week to sign a preliminary trade deal with the..
WorldNews - Published

Goldman Sachs may admit guilt, pay $2 billion fine to settle U.S. 1MDB probes: source

Goldman Sachs Group Inc is in talks with the U.S. government and a state regulator to possibly pay up to $2 billion and admit guilt to resolve investigations into its role in a Malaysia corruption..
Reuters - Published

Explainer: Malaysia's mega 1MDB scandal that has scalded Goldman Sachs

Malaysian Prime Minister Mahathir Mohamad has vowed to bring back billions of dollars allegedly stolen from state fund 1Malaysia Development Bhd (1MDB), co-founded by his predecessor Najib Razak.
Reuters - Published

Exclusive: Malaysia's Mahathir hopeful of 1MDB settlement with Goldman soon

Malaysian Prime Minister Mahathir Mohamad is hopeful of reaching an out-of-court settlement with Goldman Sachs over the 1MDB scandal soon, but that compensation of "one point something billion" dollars..
Reuters - Published

Goldman Sachs: Unemployment rate to drop to near 70-year low

Top Wall Street economist says odds of a recession next year in U.S. have fallen to just 1 in 5.
CBS News - Published

Goldman Sachs Fined $1M By CFTC

goldman sachs fined $1m by cftc
The U.S. Commodity Futures Trading Commission on Tuesday fined Goldman Sachs & Co. Ltd. — a Goldman Sachs Group Inc. (NYSE: GS) subsidiary — with $1 million. What Happened The New York-based..
WorldNews - Published

Did Sen. Warren's Tax on the Ultra-Rich Just Expose Their Homicidal Tendencies?

did sen. warren's tax on the ultra-rich just expose their homicidal tendencies?
Article by Correspondent Dallas Darling. It didn't take long for the Ultra-Rich to launch an aggressive smear campaign against Senator Elizabeth Warren for suggesting a 1 percent increased tax..
WorldNews - Published

Billionaire dodges what Warren "tribalism" tweet meant

Former Goldman Sachs CEO Lloyd Blankfein, a target of senator's presidential campaign, says it's "for you" to decide
CBS News - Published

Goldman's online bank Marcus may have an Apple Card issue

Investment bank's consumer platform has a loan-approval method that some experts say can discriminate against women
CBS News - Published

Goldman's Blankfein calls Warren's criticism of billionaires 'tribalism'

Lloyd Blankfein, a former Goldman Sachs chief executive, criticized Elizabeth Warren for engaging in the "vilification" of billionaires on Thursday and said that "maybe tribalism is just in her DNA,"..
Reuters - Published

Warren bashes Goldman Sachs after claims of Apple Card bias

Presidential candidate says bank should explain why some women received lower credit limits, or pull the card
CBS News - Published

New York investigating Apple's credit card for possible sex discrimination with Apple Card

The Apple Card, which Goldman Sachs manages in partnership with Apple, is being investigated for possible sex discrimination. - Published

Apple Card sexist, claims Apple co-founder Steve Wozniak

Goldman Sachs, the issuer behind the tech-branded plastic, says gender is not a factor in credit-decision process
CBS News - Published

Apple Card accused of gender discrimination in its algorithm

One of Apple’s co-founders, Steve Wozniak, is accusing the company’s new digital credit card of gender discrimination. Apple introduced the card in August, partnering with Goldman Sachs as the..
CBS News - Published

Goldman faces probe after entrepreneur slams Apple Card algorithm in tweets

A probe into Goldman Sachs Group Inc's credit card practices has been initiated after tweets from a tech entrepreneur alleged gender discrimination in the new Apple Inc card algorithms that are used to..
Reuters - Published

Apple's 'sexist' credit card investigated by US regulator

Goldman Sachs bank, which operates Apple Card, discriminates between men and women, it is claimed.
BBC News - Published

Was Sen. Warren's So-Called "Villification of the Rich" Misguided or on the Mark?

was sen. warren's so-called villification of the rich misguided or on the mark?
Article by Correspondent Dallas Darling. It didn't take long for hedge fund mogul Leon Cooperman to accuse Sen. Elizabeth Warren's tax agenda as another instance of how billionaires are..
WorldNews - Published

Mahathir says no to Goldman's 1MDB offer of under $2 bln to Malaysia- FT

mahathir says no to goldman's 1mdb offer of under $2 bln to malaysia- ft
Malaysia has rejected an offer from Goldman Sachs of less than $2 billion in compensation over the 1MDB scandal, Prime Minister Mahathir Mohamad told the Financial Times on Friday, compared with its..
WorldNews - Published

The business of esports

Goldman Sachs projects esports to become a three-billion dollar industry by 2022. Darren Heitner, a lawyer and founder of the Sports Biz Blog, joined CBSN's coverage of the CBSN Originals doc "Esports:..
CBS News - Published

Goldman Sachs sees short Brexit delay, expects deal to pass

Goldman Sachs said on Wednesday that it still expected the UK parliament to approve Britain's Withdrawal Agreement with the European Union, and that there would be a "technical extension" to Brexit of..
Reuters - Published

Malaysia, Goldman discuss smaller penalty over 1MDB scandal: Bloomberg

Malaysia has discussed a $2 billion to $3 billion settlement with Goldman Sachs over the U.S. bank's alleged role in the 1MDB scandal, Bloomberg reported on Wednesday, less than half the sum the..
Reuters - Published

Goldman Sachs lowers 'no deal' Brexit probability to 5% from 10%

Goldman Sachs said on Sunday that it lowered the probability of a no-deal Brexit to 5% from 10% after the British parliament withheld its approval until formal ratification legislation is passed.
Reuters - Published

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