Goldman CEO claims asset management is the new expansion motor, will find out from bungled buyer energy

Goldman CEO claims asset management is the new expansion motor, will find out from bungled buyer energy


Essential Details
  • Goldman Sachs CEO David Solomon said asset management and wealth management would be the growth motor for the lender immediately after his efforts in purchaser banking went awry.
  • He also acknowledged that the agency failed to “execute very well” on elements of his customer thrust, but included that administration would replicate and study from the episode.
  • Goldman was scheduled to hold its next-ever investor day later Tuesday.



Supply

Alibaba-backed startup Moonshot AI’s valuation is up 0 million, sources say, after its rivals IPO in Hong Kong
Finance

Alibaba-backed startup Moonshot AI’s valuation is up $500 million, sources say, after its rivals IPO in Hong Kong

Key Points Investors are now valuing Alibaba-backed Moonshot AI at $4.8 billion, two people familiar with the matter told CNBC. It’s a $500 million increase in the valuation the startup achieved last month. The investor interest comes after two rival Chinese AI companies — Zhipu and MiniMax — surged after going public in Hong Kong […]

Read More
Chinese EV giant BYD is a buy — and not just for its cars, Bernstein says
Finance

Chinese EV giant BYD is a buy — and not just for its cars, Bernstein says

Source

Read More
Smaller companies are rising quickly to challenge Big Tech as AI ‘s best trade
Finance

Smaller companies are rising quickly to challenge Big Tech as AI ‘s best trade

ETF Edge Smaller companies are rising quickly to challenge Big Tech as AI ‘s best trade Published Sat, Jan 17 202610:28 AM EST Krysta Escobar WATCH LIVE Source

Read More