Goldman Sachs – BOL News Staging

Goldman Sachs investing heavily in AI, developing dozens of projects

November 10, 2023 by Hamza Ali

Goldman Sachs developing AI projects, not for clients yet. Other banks also developing AI projects. Goldman Sachs cautious on AI, but committed to it. Goldman Sachs is working on a dozen projects that incorporate generative artificial intelligence (AI) into its business practices, but none of them are directly client facing, a senior executive said on Thursday. George … Read more

Republican George Santos faces resume-lying investigations

December 29, 2022 by Aimen Siddiqui

George Santos’ resume has ‘many fabrications and inconsistencies’ Mr. Santos admitted to lying about his education and employment history. Baruch College graduate worked at Goldman Sachs and Citigroup. A Republican congressman-elect George Santos who admitted to lying about his education and employment history is being investigated in New York. George Santos’s resume has “many fabrications … Read more

Republican George Santos confesses lying on his CV

December 28, 2022 by Omer Khan

Robert Zimmerman tweeted that Mr. Santos had acknowledged to lying. Mr. Santos and the rest of the new Congress are scheduled to be sworn in on January 3. Mr. Santos, who was elected to Congress on November 8. Republican congressman George Santos, who was just elected, has apologised for lying about his education and job … Read more

George Santos responds to article accusing him

December 20, 2022December 20, 2022 by Mishaal Siddiqui

A lawyer for Republican Rep.-elect George Santos of New York. He misrepresented some of his qualifications in a successful campaign last month. He defeated Democrat Robert Zimmerman to win New York’s 3rd Congressional District. A lawyer for Republican Rep.-elect George Santos of New York attacked The New York Times on Monday, hours after it disclosed … Read more

Wall Street stocks gains on Goldman Sachs results, Boeing contract

July 18, 2022 by Ali faizan rizvi

US stocks climb early Monday, extending a surge that began last week.
Boeing shares jump after Delta agrees to buy $13.5 billion worth of Boeing planes.
Earnings reports from Netflix, Johnson & Johnson and Tesla on the agenda this week.

Wall Street stocks climbed early Monday, extending a surge that began last week as markets absorbed Goldman Sachs’ good profits and a large new Boeing plane order.

Following a couple of punishing inflation readings last week, US stocks began the week on a high note, surging Friday on the back of strong retail sales figures.

Briefing.com analyst Patrick O’Hare pointed to “carryover momentum” at the start of a week that includes major earnings reports and decisions by the European Central Bank and other central banks.

[embedpost slug=”wall-street-week-ahead-u-s-value-stocks-are-threatened-by-recession-fears/”]

Inflation in Turkey nears 80% as prices & wages soar

July 4, 2022 by Muhammad Humair Qureshi

Consumer prices rose by 78.6% year-over-year in June, the fastest increase since 1998.
Inflation figures came days after Turkish government announced a 30% raise in minimum wage.
Goldman Sachs raised its inflation projection for the end of the year in Turkey from 65% to 75%.

Analysts warned that Turkey risks becoming locked in a spiral of rising prices and salaries as the country’s inflation rate reached nearly 80 percent.

As a result of President Recep Tayyip Erdogan’s unconventional monetary policy and the impact of the conflict in Ukraine, consumer prices increased by 78.6% year-over-year in June, the fastest increase since 1998.

The percentage was somewhat below the 80 percent consensus prediction of analysts.

Erdogan, who disputes the commonly held belief among economists that increasing interest rates reduces inflation, has instructed the central bank to maintain its benchmark borrowing rate well below the inflation rate.

Consequently, the lira has lost 48% of its value against the dollar during the past year. The currency depreciation has been a major factor in price increases in an import-dependent nation, particularly for energy.

[embedpost slug=”turkey-raises-its-minimum-wage-by-30-percent-in-response-to-rising-prices”]

After Guzman’s exit, Argentina’s president selects a new finance minister

July 4, 2022 by Maryam nadeem

Argentine President Alberto Fernandez appoints new economy minister. Guzman was key ally of Fernandez de Kirchner’s center-left government. Tensions in ruling coalition over how to handle economic crises exacerbated by Russia’s invasion of Ukraine. Guzman had come under fire from wing of ruling coalition pushing for more state spending. Argentine President Alberto Fernandez named business … Read more

Goldman Sachs indicates more job losses loom at Coinbase

June 28, 2022 by Muhammad Humair Qureshi

Coinbase recently unveiled a business overhaul and laid off 18 percent of its workforce. The exchange also rescinded existing job offers to would-be new starters. First-quarter earnings revealed $430mn in net losses. Goldman Sachs: “Coinbase will need to make substantial reductions”. Goldman Sachs has hinted that Coinbase may face additional layoffs as a result of … Read more

Fed says American banks can comfortably endure a catastrophic slump

June 24, 2022 by Maryam nadeem

The largest U.S. banks pass the Federal Reserve’s annual stress test. Results pave the way for them to issue share buybacks and dividends. 34 lenders with more than $100 billion in assets would suffer a combined $612 billion in losses under this year’s scenario. The average capital ratio for the 34 banks was 9. That … Read more

US stocks soar as a result of earnings from JP Morgan chase and other banks

May 24, 2022 by Rida Zehra

US stocks soar as a result of earnings from JP Morgan chase and other banks Financial backers enjoyed some time off from selling in May and disappearing, for one day at any rate. Stocks took off Monday, as a certain report about income from banking force JPMorgan Chase and remarks from President Joe Biden about … Read more

Now seniors in Goldman Sachs are permitted to have leaves without time limitations

May 17, 2022 by Rida Zehra

Now seniors in Goldman Sachs are permitted to have leaves without time limitations The reminder expressed that as of May 1, there is no cap on paid leave for ranking staff in the firm. Each worker will likewise be supposed to take at least 15 days of leave each year from January 2023, with no … Read more

Asian stock markets lost over $2 trillion in four months, Still more expected

May 10, 2022 by Shehroze Aqueeque

After a four-month slump that has wiped out over $ 2 trillion in value, all signs point to more losses for Asian stocks in the future. China’s Covid curbs, combined with rising US interest rates, are expected to put additional pressure on the MSCI Asia Pacific Index, which has fallen nearly 20% since its high … Read more

Goldman Sachs is exiting from SPAC market due to regulatory concerns

May 10, 2022 by Suhaib Ahmed

A representative for David Solomon’s Goldman Sachs stated on Monday that the firm is minimising its connection with blank-check companies, as US regulators continue to crack down on what was one of the hottest phenomena on Wall Street in recent years. Investment of the Goldman Sachs banking division has benefited from the boom in the … Read more

Goldman Sachs says global oil reserves release ‘a drop in the ocean’

November 25, 2021 by Muhammad Zubair

SINGAPORE: A coordinated release from government oil reserves led by the US may add about 70 million to 80 million barrels of crude supply, smaller than the more-than-100 million barrels the market has been pricing in, Reuters quoted analysts at Goldman Sach, as saying. “On our pricing model, such a release would be worth less than $2/bbl, … Read more

Goldman Sachs profits up 63% on surge in deal making activity

October 15, 2021 by Roman Ahmed

NEW YORK: Goldman Sachs reported a jump in the third quarter profits on Friday behind robust gains in its financial advisory and trading divisions, capping a strong week of results for the large US banks. The big New York investment bank reported profits of $5.3 billion, up 63 per cent on a 26 per cent … Read more

Oil prices to stay high as demand grows: Goldman Sachs

October 15, 2021 by Web Desk

Oil prices could stay at higher levels in the years to come, as the demand rebounds, while supply remains tight, Arab News quoted Goldman Sachs head of energy research. Damien Courvalin said: “This is not a transient winter shock like it could be for gas. This is actually the beginning of a material re-pricing higher for oil.” … Read more

Bank of America jumped into the Bitcoin trend

July 17, 2021July 16, 2021 by Syed Ahad

Bitcoin futures trading is now available for a limited set of Bank of America clients, according to sources.

According to the reports, the financial institution is yet to make this service available to all of its customers.

Jerome Powell, the chairman of the Federal Reserve, spoke out about the importance of cryptocurrency and stablecoins in the US economy.

Investment banks intend to allow customers to invest in bitcoin products. After a three-year break, Goldman Sachs has confirmed the return of its crypto trading department.

The investment banking powerhouse had already offered cryptocurrency trading in partnership with the CME Group, and Bank of America is set to do so again for its clients.

Bitcoin trading began in 2017 at the CME Group. Since then, the platform has seen an improvement in investment and involvement.

Other banks and investment banks that sell crypto products to clients across the US are likely to follow Bank of America’s lead.

It’s interesting to note that in 2018, the American multinational investment bank banned its clients from trading in crypto-related goods, however, it has changed its stance since then.

[embedpost slug=”dogecoin-co-creator-jackson-palmer-condemns-cryptocurrency”]

Crypto Research Team Launched by Bank of America

July 8, 2021 by Syed Ahad

Bank of America has formed a crypto research team in an attempt to profit from the growing interest in the digital asset market.

Alkesh Shah would lead the new cryptocurrency research team, and the research would focus on technology related to the digital asset sector.

In the statement, Candace Browning, Bank of America’s head of worldwide research, said

”Cryptocurrencies and digital assets constitute one of the fastest-growing emerging technology ecosystems. We are uniquely positioned to provide thought leadership due to our strong industry research analysis, market-leading global payments platform, and our blockchain expertise.”

Bank of America joins the rising list of US-based banking giants betting big on the cryptocurrency network.

Some of the top US banks containing JP Morgan, Goldman Sachs, BNY Mellon, and various others have started offering some form of Bitcoin and crypto investment vehicles for their customers.

[embedpost slug=”crypto-com-and-ufc-signs-175-million-sponsorship-deal”]

Menu

Latest

Entertainment

Lifestyle