Goldman Sachs Group Inc
JPMorgan investors hand Jamie Dimon a rare rebuke with disapproval of $52.6 million bonus
JP Morgan Chase & Co. Chairman & Chief Executive Officer Jamie Dimon testifies before the House Financial Services Committee on accountability for megabanks in the Rayburn House Office Building on Capitol Hill in Washington, DC on April 10, 2019. Mandel Ngan | AFP | Getty Images JPMorgan Chase CEO Jamie Dimon was handed a rare […]
Read More
What may be behind Buffett’s surprising deep value bet on Citigroup
Count veteran banking analyst Mike Mayo among those on Wall Street surprised by Berkshire Hathaway ‘s recent $2.95 billion wager on Citigroup shares. The move, disclosed Monday in regulatory filings, is Berkshire’s biggest new bet on financials made in the first quarter. Berkshire also took a much smaller stake in online bank Ally Financial . […]
Read More
Goldman Sachs gives senior managers a new perk: ‘Flexible vacation’ policy
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is giving its top managers a new perk more common in the tech industry: the ability to take as much vacation time as they want. The investment bank told managing directors and partners last […]
Read More
Goldman Sachs says a new investment cycle is coming — and names the stocks that could win
Goldman Sachs says we’re entering a new, “postmodern” investment cycle. Here’s what the bank thinks is in store — and the stocks investors should own to cash in. The emerging cycle — post the Covid pandemic — is likely to be driven by different economic conditions and priorities, leading to new investment opportunities, the bank […]
Read More
Goldman names the Chinese tech stocks it says will weather the supply chain crisis
Investors worried about the supply chain shocks from China’s Covid lockdowns can look to these tech stocks, according to Goldman Sachs. Goldman analysts said in a note on May 3 that the share price slump in the sector has likely “priced in the lockdown impact.” On top of the supply chain disruptions from Beijing’s strict […]
Read More
Goldman ‘deal guy’ behind Apple, GM cards leaves for fintech start-up iCreditWorks
iCreditWorks CEO Scott Young, former chief commercial officer of Goldman Sachs Marcus. Courtesy: Goldman Sachs A Goldman Sachs executive known for securing some of the industry’s biggest credit-card deals in recent years has left to join early stage start-up iCreditWorks, CNBC has learned. Scott Young, who was chief commercial officer of Goldman’s Marcus consumer business, […]
Read More
‘The most dumb thing’: Elon Musk dismisses hydrogen as tool for energy storage
Elon Musk has a history of expressing strong opinions about hydrogen and hydrogen fuel cells. A few years ago, when the subject came up during a discussion with reporters at the Automotive News World Congress, the electric vehicle magnate described hydrogen fuel cells as “extremely silly.” Jim Watson | AFP | Getty Images Tesla CEO […]
Read More
Uber, Lyft and more: Goldman says buy these stocks to cash in on a $25 trillion opportunity
Goldman Sachs has picked a slew of buy-rated stocks that it says are currently “underappreciated” by the market, predicting that they will benefit from new business models that could be worth $25 trillion by 2050. Goldman’s picks include ride-hailing services Uber and Lyft , as well as sportswear firms Nike and Adidas and several waste […]
Read More
Goldman strategist: This sector has been ‘unduly’ punished and could be a buy right now
Sharon Bell, a senior strategist at Goldman Sachs, has shared her favorite sectors after this week’s market madness. Source
Read More
Peloton CEO says he was surprised by how deep some issues ran at the company
Barry McCarthy, chief financial officer at Spotify, attend annual Allen & Company Sun Valley Conference, July 11, 2018 in Sun Valley, Idaho. Drew Angerer | Getty Images When Barry McCarthy showed up to run Peloton about three months ago, he was surprised to learn just how discombobulated the supply chain was and how quickly the […]
Read More