The Los Angeles Post
U.S. World Business Lifestyle
Today: April 12, 2025
Today: April 12, 2025

Goldman Sachs

Business|Economy|Europe|Finance|Stock Markets|Technology|US

Hedge funds exit tech, media stocks at fastest pace in six months, Goldman Sachs says

Hedge funds exited U.S. tech and media stocks in the two weeks to February 21 at the fastest pace in six months, according to Goldman Sachs, just as Nvidia, one of

Hedge funds exit tech, media stocks at fastest pace in six months, Goldman Sachs says
Business|Economy|Finance|Political|US

Trump's 10% oil tariff could cost foreign producers $10 billion annually, Goldman Sachs says

Goldman Sachs said on Friday a proposed 10% U.S. oil tariff could cost foreign producers $10 billion per year, as Canadian and Latin American heavy crudes remain reliant on U.S. refiners

Trump's 10% oil tariff could cost foreign producers $10 billion annually, Goldman Sachs says
Business|Economy|Finance|Stock Markets|US

Stock markets may face correction, says Goldman Sachs

Wall Street stocks could be facing a correction because of ructions in the options market, Goldman Sachs specialist Scott Rubner said in a Thursday note seen by

Stock markets may face correction, says Goldman Sachs
Americas|Business|Finance|Stock Markets

Goldman Sachs names insiders Connolly, Voris joint heads of Americas ECM unit, memo says

Goldman Sachs has appointed insiders William Connolly and Michael Voris as co-heads of equity capital markets (ECM) in the Americas, according to a memo seen by Reuters on Wednesday.

Goldman Sachs names insiders Connolly, Voris joint heads of Americas ECM unit, memo says
Business|Economy|Finance|Political|World

Goldman Sachs says it does not see Ukraine ceasefire boosting Russia output

A potential Ukraine ceasefire and the associated easing in sanctions on Russia are unlikely to substantially increase Russia's oil flows, Goldman Sachs said on Wednesday. U.S.

Goldman Sachs says it does not see Ukraine ceasefire boosting Russia output
Business|Economy|Finance

Goldman Sachs raises year-end gold price forecast to $3,100

Goldman Sachs on Monday raised its year-end 2025 gold price forecast to $3,100 per ounce, up from $2,890, citing sustained central bank demand.

Goldman Sachs raises year-end gold price forecast to $3,100
Asia|Business|Economy|Finance|Stock Markets|Technology

Goldman Sachs raises China stock market target on AI boost

Goldman Sachs raised its target price for Chinese stocks on Monday, estimating that AI adoption could boost earnings growth and potentially bring in $200 billion of inflows.

Goldman Sachs raises China stock market target on AI boost
Business|Finance|Political|US

JPMorgan expects criticism over its DEI policy

JPMorgan Chase expects to face criticism on some of its business practices, including diversity, equity and inclusion (DEI), according to its regulatory filing on Friday.

Business|Economy|Europe|Finance|Political|Stock Markets

Goldman Sachs raises 12-month STOXX 600 forecast on Russia-Ukraine peace deal potential

Goldman Sachs raised its 12-month price forecast for Europe's STOXX 600 index on Friday, citing the potential benefits of a peace deal between Russia and Ukraine for the region's equities.

Goldman Sachs raises 12-month STOXX 600 forecast on Russia-Ukraine peace deal potential
Business|Economy|Finance|Political|US

Goldman Sachs CEO open to acquisitions in asset, wealth management

Goldman Sachs would consider acquisitions in asset and wealth management, but would be highly selective about any deal, CEO David Solomon said on

Goldman Sachs CEO open to acquisitions in asset, wealth management
Business|Finance|Political|Stock Markets|US

Goldman Sachs ends IPO diversity policy citing legal developments

Goldman Sachs cancelled a four-year-old policy to only take public companies that had two diverse board members, a spokesperson for the bank said on Tuesday,

Goldman Sachs ends IPO diversity policy citing legal developments
Business|Economy|Finance|Political|Stock Markets|US

Bank bosses expect US policy uncertainty to persist under Trump, but stay bullish on economy

U.S. bank executives said on Tuesday they expected policy uncertainty to linger as President Donald Trump's second administration takes

Bank bosses expect US policy uncertainty to persist under Trump, but stay bullish on economy
Asia|Business|Finance|Stock Markets|Technology

China tops hedge funds' shopping lists so far this year, Goldman says

Global hedge funds have been snapping up Chinese stocks for much of this year, with their buying accelerating in the past week as the emergence of homegrown

Asia|Business|Economy|Finance|US

China retaliatory measures to have limited impact on energy prices, Goldman says

Goldman Sachs on Tuesday said it expects Beijing's retaliatory tariffs in response to new U.S. restrictions against Chinese goods to have only limited impact on energy prices.

China retaliatory measures to have limited impact on energy prices, Goldman says
Business|Economy|Finance|Stock Markets|Technology|US

Goldman Sachs to bring back technology banker Nick Giovanni, memo says

Goldman Sachs is bringing back Nick Giovanni, who spent more than 20 years at the Wall Street giant in a prior stint, according to an internal memo seen by Reuters on Tuesday.

Goldman Sachs to bring back technology banker Nick Giovanni, memo says
Americas|Business|Europe|Finance

JPMorgan hires rival Goldman executive for its business services unit, memo says

JPMorgan Chase & Co has hired Goldman Sachs executive Jonathan Slaughter to join its business services unit within its investment bank, according to a memo seen by Reuters on Tuesday.

JPMorgan hires rival Goldman executive for its business services unit, memo says
Business|Economy|Finance|Political|Stock Markets|US

Goldman Sachs flags up to 3% hit to its S&P 500 earnings forecasts from Trump's tariffs

Goldman Sachs economists estimate that if the latest trade tariffs announced by U.S.

Goldman Sachs flags up to 3% hit to its S&P 500 earnings forecasts from Trump's tariffs
Business|Economy|Finance|Political|US

Trump's tariffs to have limited impact on oil, gas prices, Goldman Sachs says

The new tariffs imposed by U.S.

Trump's tariffs to have limited impact on oil, gas prices, Goldman Sachs says
Business|Economy|Finance|Political|World

Putin approves sale of Goldman Sachs' Russian unit to Armenian fund

President Vladimir Putin has authorised Armenian investment fund Balchug Capital's purchase of Goldman Sachs' unit in Russia, a government decree published on Friday showed,

Putin approves sale of Goldman Sachs' Russian unit to Armenian fund
Business|Finance|Technology|US

Goldman Sachs tech banker Ryan Nolan to leave after 13 years, memo says

Goldman Sachs' Ryan Nolan, a partner in the technology, media and telecommunications group and global co-head of software investment banking, is leaving the bank, according to a memo seen

Goldman Sachs tech banker Ryan Nolan to leave after 13 years, memo says
Business|Economy|Finance|Stock Markets|US

Fed rate actions in 2025 seen in a narrow band, Goldman Sachs CEO says

The Federal Reserve's future moves on interest rates in 2025 will be in a narrow range unless the trajectory of inflation changes, Goldman Sachs CEO David Solomon said in comments

Fed rate actions in 2025 seen in a narrow band, Goldman Sachs CEO says
Business|Economy|Europe|Finance|Stock Markets|Technology

Stock hedge funds post big one-day drop in DeepSeek rout, say Goldman data

Hedge fund stock-pickers lost billions of dollars on Monday in a rout in global technology shares sparked by the emergence of a low-cost Chinese artificial

Stock hedge funds post big one-day drop in DeepSeek rout, say Goldman data
Asia|Business|Economy|Finance|Stock Markets

Growth engine or casino? Global investors rethink China playbook

Global investors who have historically bet on China's economic development are ditching grand narratives of long-term prosperity and instead adopting more modest

Growth engine or casino? Global investors rethink China playbook
Business|Economy|Finance|Stock Markets|US

U.S. insurer Brighthouse Financial exploring sale, source says

Brighthouse Financial is exploring options including a potential sale of the U.S. life insurance and annuity provider, according to a source familiar with the matter on Tuesday.

U.S. insurer Brighthouse Financial exploring sale, source says
Africa|Business|Europe|Finance|MidEast|US

Goldman Sachs promotes Duffner to head activism defense in EMEA, memo says

Goldman Sachs on Monday tapped veteran banker Stefan Duffner to lead the investment bank's activism and shareholder advisory work in Europe, Middle East and Africa (EMEA) at a

Goldman Sachs promotes Duffner to head activism defense in EMEA, memo says
Asia|Business|Economy|Finance|Stock Markets|Technology|US

Hedge funds were pausing US AI bets as DeepSeek emerged, says Goldman

Hedge funds were already waiting to see if a U.S.-fostered, home-grown artificial intelligence boom would continue as China's new AI model was emerging to

Hedge funds were pausing US AI bets as DeepSeek emerged, says Goldman
Asia|Business|Economy|Finance|Political|US

Goldman Sachs CEO says important for US, China to improve ties, CNBC reports

Goldman Sachs CEO David Solomon said on Wednesday it was important for the U.S. and China, the world's two largest economic superpowers, to improve their bilateral ties.

Goldman Sachs CEO says important for US, China to improve ties, CNBC reports
Business|Finance|Stock Markets|US

Goldman Sachs promotes several executives to reinforce Wall Street dominance

Goldman Sachs is tapping several executives to lead its prized Wall Street businesses, it said on Tuesday, as part of a management reshuffle less than a week after reporting its biggest

Goldman Sachs promotes several executives to reinforce Wall Street dominance
Business|Economy|Finance|Political|Stock Markets|US

Copper market sees half chance of 10% US tariff by first quarter-end, Goldman says

Goldman Sachs on Monday said the copper market is pricing in odds of about 50% that there will be a 10% U.S. tariff on the metal by the end of the first quarter of this year.

Copper market sees half chance of 10% US tariff by first quarter-end, Goldman says
Business|Environment|Finance|Political|US

Top Canadian banks quit global climate coalition ahead of Trump inauguration

Four of Canada's biggest lenders said on Friday they were withdrawing from a global banking sector climate coalition, joining six major U.S. banks.

Top Canadian banks quit global climate coalition ahead of Trump inauguration
Business|Economy|Finance|Stock Markets|US

Goldman CEO gets big pay boost, and $80 million bonus for another five years at helm

Goldman Sachs CEO David Solomon was awarded an $80 million stock bonus to stay at the helm for another five years, a stark turnaround for a leader whose survival was

Goldman CEO gets big pay boost, and $80 million bonus for another five years at helm
Asia|Business|Economy|Finance|Technology

KKR hires Goldman for selling stake in Philippine fintech Maya, sources say

Global investment firm KKR has appointed Goldman Sachs for the sale of its significant minority stake in Philippine fintech company Maya, according to two

KKR hires Goldman for selling stake in Philippine fintech Maya, sources say
Business|Economy|Finance|Political|Stock Markets|US

Wall Street could get a boost from $1 trillion in buybacks, Goldman says

Investors have been hoping Donald Trump's return to the White House next week will boost the U.S. stock market, while Goldman Sachs sees stocks benefiting from the

Wall Street could get a boost from $1 trillion in buybacks, Goldman says
Business|Finance|Technology|US

Apple in talks with Barclays, Synchrony to replace Goldman in credit card deal, sources say

By Nupur Anand NEW YORK -Apple is in talks with Barclays to replace Goldman Sachs as the tech giant's credit card partner, said two sources familiar with the matter, as the Wall Street giant steps

Apple in talks with Barclays, Synchrony to replace Goldman in credit card deal, sources say
Business|Economy|Finance|Stock Markets|US

Bank CEOs expect Trump bump to business as profits surge

Wall Street CEOs voiced confidence on Wednesday that the incoming U.S. administration would be business-friendly and good for banks as they reported a profits surge after

Bank CEOs expect Trump bump to business as profits surge
Business|Economy|Finance|Stock Markets|US

Wall Street soars on record bank profits and cooling inflation

Wall Street soars on record bank profits and cooling inflation

Wall Street soars on record bank profits and cooling inflation
Business|Economy|Finance|Stock Markets|US

Goldman Sachs profit hits over 3-year high as investment banking, trading fuel bumper quarter

Goldman Sachs beat Wall Street estimates and earned its biggest quarterly profit in more than three years as its investment

Goldman Sachs profit hits over 3-year high as investment banking, trading fuel bumper quarter
Business|Economy|Finance|Technology|US

Goldman Sachs CEO says Apple card partnership may end before 2030

Goldman Sachs' credit-card partnership with Apple may end before its contract runs out in 2030, Goldman CEO David Solomon said on Wednesday.

Goldman Sachs CEO says Apple card partnership may end before 2030
Americas|Business|Economy|Finance|Stock Markets

Goldman names leaders for newly created Capital Solutions Group, memo shows

Goldman Sachs has announced a raft of leadership changes after creating a new division, which will focus on financing large deals and providing loans to corporate clients, according to an

Goldman names leaders for newly created Capital Solutions Group, memo shows
Business|Economy|Finance|Stock Markets|US

Goldman Sachs creates new division to boost focus on financing

Goldman Sachs announced a raft of leadership changes as it created a new division to focus on financing large deals and providing

Goldman Sachs creates new division to boost focus on financing
Business|Economy|Finance|Stock Markets|US

Hedge funds increased bearish bets ahead of Friday's blowout US jobs report, banks say

Global hedge funds added more bets against U.S. stocks over the last week through Jan 9, ahead of a blowout U.S. jobs report that sparked a sell-off on Wall

Hedge funds increased bearish bets ahead of Friday's blowout US jobs report, banks say
Business|Economy|Finance|Technology

Blackstone mulls $4 billion-plus sale of Liftoff, sources say

Buyout firm Blackstone is weighing strategic options, including a sale, for Liftoff that could value the mobile app marketing provider at more than $4 billion, including

Business|Economy|Finance|Stock Markets|US

BofA bets on a potential Fed rate hike after jobs report, top Wall-St brokers revise forecasts

Top Wall-Street brokerages revised their Fed rate cut forecasts, after a blow-out U.S. jobs report on Friday, with BofA Global Research forecasting a potential rate hike from

BofA bets on a potential Fed rate hike after jobs report, top Wall-St brokers revise forecasts
Asia|Business|Economy|Finance|Stock Markets

Global yield fever cools, but EM conditions tighten

A look at the day ahead in Asian markets. 

Global yield fever cools, but EM conditions tighten
Business|Election|Finance|Political|US

Citi plans to donate undisclosed amount to Trump inauguration

Wall Street giant Citigroup plans to contribute an as-yet undisclosed sum to President-elect Donald Trump's inauguration fund, according to a person familiar with the matter, joining

Citi plans to donate undisclosed amount to Trump inauguration
Business|Europe|Finance|Stock Markets

Stock picking hedge funds post highest average returns since 2020, says Goldman Sachs

Global hedge funds taking long and short bets on stocks last year sported their highest average returns since 2020, Goldman Sachs said in a note, attributing the

Stock picking hedge funds post highest average returns since 2020, says Goldman Sachs
Business|Economy|Finance|Stock Markets|US

LNG producer Venture Global files for IPO on NYSE

Venture Global, one of the largest producers of liquefied natural gas in the United States, on Friday filed for what could be one of the largest initial public offerings globally next year.

LNG producer Venture Global files for IPO on NYSE
Business|Environment|Finance|Political|US

Wells Fargo departs climate banking group in another high-profile exit after Goldman

Wells Fargo has withdrawn from a group of global banks committed to curbing greenhouse gas emissions, increasing the number of high-profile firms exiting climate initiatives amid mounting

Wells Fargo departs climate banking group in another high-profile exit after Goldman
Business|Economy|Europe|Finance

Big banks expect a quarter-point cut for ECB's first meeting of 2025

Major brokerages including Bank of America, Goldman Sachs and Citigroup expect the European Central bank to cut interest rates by 25 basis points again at its first meeting of 2025 on Jan.

Big banks expect a quarter-point cut for ECB's first meeting of 2025
Asia|Business|Economy|Finance

Goldman Sachs granted licence for China fund sales

Goldman Sachs received regulatory approval to sell funds in China, the latest U.S. investment bank to get a financial licence in a sign of Beijing's commitment to

Goldman Sachs granted licence for China fund sales
Business|Economy|Finance|Technology|US

AI a productivity boost to banks but making money from it is a challenge

Artificial intelligence is expected to show big gains in productivity at banks, panelists said at the Reuters Next conference in New York, but it

AI a productivity boost to banks but making money from it is a challenge
Business|Economy|Finance|Political|US

Goldman CEO says dealmaking could surpass 10-year averages in 2025

Goldman Sachs CEO David Solomon said on Tuesday that dealmaking in equities, mergers and acquisitions, could exceed 10-year averages

Goldman CEO says dealmaking could surpass 10-year averages in 2025
Business|Economy|Finance|Stock Markets|US

Goldman Sachs sees more larger-scale strategic deals in 2025

Goldman Sachs expects "strategic" deals by companies to accelerate in 2025 including large-scale mergers and acquisitions, its finance chief said on Tuesday.

Goldman Sachs sees more larger-scale strategic deals in 2025
Business|Economy|Finance|Stock Markets|US

Citigroup expects up to 30% rise in investment banking fees in Q4

Citigroup expects a 25% to 30% rise in investment banking fees in the fourth quarter from a year earlier, while market revenue will grow by a "high-teens"

Citigroup expects up to 30% rise in investment banking fees in Q4
Business|Economy|Finance|Stock Markets|US

Goldman explores possible sale of ETF client platform, sources say

Goldman Sachs is exploring options, including a potential sale, of its ETF Accelerator platform which helps the bank's institutional clients

Goldman explores possible sale of ETF client platform, sources say
Business|Economy|Environment|Finance|Political

Goldman Sachs quits global climate coalition for banks

Goldman Sachs said it has quit a sector coalition aimed at aligning bank lending and investment activities with global efforts to fight climate

Goldman Sachs quits global climate coalition for banks
Business|Economy|Finance|Stock Markets|US

Hedge funds boost bearish bets on US equities amid market jitters

Hedge funds increased their bearish bets mainly on U.S. stocks last week when the major stock indexes plunged, Goldman Sachs showed in a report.

Hedge funds boost bearish bets on US equities amid market jitters
Business|Economy|Finance|Stock Markets

Goldman names head of wealth investment solutions for asset management

Wall Street giant Goldman Sachs has named Monali Vora as its head of wealth investment solutions for asset management, according to an internal memo seen by Reuters on Friday.

Goldman names head of wealth investment solutions for asset management
Business|Finance|Stock Markets|US

Exclusive-EquiLend stock lending platform for sale after collusion settlement -sources

EquiLend Holdings LLC, the securities lending platform owned by 10 of the biggest Wall Street firms, including Goldman Sachs Group

Exclusive-EquiLend stock lending platform for sale after collusion settlement -sources
News|US|World

US CFTC orders 3 major US banks to pay over $50 million for swap reporting failures

The U.S.

US CFTC orders 3 major US banks to pay over $50 million for swap reporting failures
Business|Finance

Goldman Sachs exec Chris Kojima to leave

Chris Kojima, a Goldman Sachs executive in the asset and wealth management unit, will leave the investment bank at year-end after almost 28 years, an internal memo

Goldman Sachs exec Chris Kojima to leave
Asia|Business|Crime|Economy|Finance|News|US

Former Goldman banker Ng to be returned in Malaysia in 1MDB case

Former Goldman Sachs banker Roger Ng, facing 10 years in prison after being convicted in New York of helping loot billions of dollars from Malaysia's 1MDB

Former Goldman banker Ng to be returned in Malaysia in 1MDB case
Business|Finance

Goldman Sachs agrees to sell GreenSky to Sixth Street-led consortium

By Saeed Azhar and Niket Nishant NEW YORK - Goldman Sachs has agreed to sell GreenSky, its home improvement lender, and associated loans to a consortium led by investment firm Sixth Street Partners,

Goldman Sachs agrees to sell GreenSky to Sixth Street-led consortium
Asia|Business|Crime|Finance

Goldman Sachs sues Malaysia over 1MDB settlement

Goldman Sachs Group sued Malaysia in a UK court on Wednesday, as tensions escalate over a settlement agreement on the bank's role in the multi-billion dollar 1MDB corruption scandal.

Goldman Sachs sues Malaysia over 1MDB settlement
Asia|Business|Economy|Finance

Malaysia denies Goldman Sachs' allegations in 1MDB arbitration suit

The Malaysian government on Thursday denied allegations by Goldman Sachs that it had breached a settlement deal over the U.S. bank's role in the multi-

Malaysia denies Goldman Sachs' allegations in 1MDB arbitration suit
Asia|Business|Crime|Economy|Finance

Explainer-Goldman Sachs and its role in the multi-billion dollar 1MDB scandal

Goldman Sachs Group has sued Malaysia in a British arbitration court, as tensions escalate over a settlement agreement on the bank's role in the massive 1MDB corruption

Explainer-Goldman Sachs and its role in the multi-billion dollar 1MDB scandal
Asia|Business|Crime|Economy|Finance

Malaysia questions Goldman Sachs lawsuit over 1MDB settlement, saying it's premature

The Malaysian government has questioned a move by Goldman Sachs to file for arbitration in a dispute connected with the multibillion-dollar looting of a sovereign wealth fund

Malaysia questions Goldman Sachs lawsuit over 1MDB settlement, saying it's premature
Business|Economy|Finance|Stock Markets|US

Goldman Sachs seen headed to steep earnings drop as deal-making lags

Goldman Sachs appears headed to another set of weak quarterly earnings as deal-making lags and the bank retreats from a loss-making consumer business.

Goldman Sachs seen headed to steep earnings drop as deal-making lags
Business|Economy|Finance|Stock Markets|US

Goldman profit tops estimates as dealmaking cushions hit from GreenSky, real estate

Goldman Sachs' third-quarter profit dropped less than expected as a nascent recovery in dealmaking offset an $864 million writedown related to its

Goldman profit tops estimates as dealmaking cushions hit from GreenSky, real estate
Business|Economy|Finance|Stock Markets|US

Goldman Sachs 3Q profits fall 33% as trading, investment banking remains stagnant

Goldman Sachs saw its third quarter earnings fall 33%, with the investment bank seeing muted market conditions that allowed fewer deals and market making opportunities for the firm

Goldman Sachs 3Q profits fall 33% as trading, investment banking remains stagnant
Business|Economy|Finance

Goldman Sachs Asset Management raises $4 billion for infrastructure deals

Goldman Sachs Asset Management has raised $4 billion for a new fund to invest in infrastructure assets globally, including energy transition, transport and logistics, the company said on

Goldman Sachs Asset Management raises $4 billion for infrastructure deals
Business|Finance

Goldman names Kamo as global head of dealmaking for financial sponsors

Goldman Sachs Group Inc has appointed David Kamo as its global head of financial sponsor mergers and acquisitions within its investment bank, according to a memo seen by

Goldman names Kamo as global head of dealmaking for financial sponsors
Business|Economy|Finance|Stock Markets

Goldman Sachs Asset Management launches new defined outcome ETFs

Goldman Sachs Asset Management (GSAM) has launched a pair of defined outcome exchange-traded funds (ETFs), a group of products that use options strategies to offer upside

Goldman Sachs Asset Management launches new defined outcome ETFs
Business|Finance|Technology

Goldman Sachs forays into geopolitical advisory business

Goldman Sachs on Thursday launched an institute to offer its clients insights on geopolitics and technology, according to an internal memo seen by Reuters.

Goldman Sachs forays into geopolitical advisory business

Follow