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British PM Starmer inaugurates U.K. Investment Summit with vow to 'rip up' red tape

World News // 1 month ago

British PM Starmer inaugurates U.K. Investment Summit with vow to 'rip up' red tape

British Prime Minister Keir Starmer kicked off an international business investment summit aimed at pulling in billions of dollars of foreign money to kickstart Britain's stagnant economy by pledging to slash bureaucracy

Global rise in oil prices expected if Israel targets Iranian fields

World News // 1 month ago

Global rise in oil prices expected if Israel targets Iranian fields

An about 20% rise in the global price of a barrel of oil is predicted if Israel launches missile attacks against Iranian oil fields.

Tech industry titans meet with White House officials to discuss AI energy needs

U.S. News // 2 months ago

Tech industry titans meet with White House officials to discuss AI energy needs

Key Biden Administration personnel met with leaders of the biggest technology companies at the White House on Thursday to discuss new infrastructure needed to support artificial intelligence, sources said.

Samsung expects more than 1,400% profit jump in Q2 on demand for AI chips

World News // 4 months ago

Samsung expects more than 1,400% profit jump in Q2 on demand for AI chips

Samsung Electronics estimated Friday that its second-quarter profits increased nearly 15-fold from a year earlier, thanks to a strong recovery in the memory chip market driven by artificial intelligence demand.

DOJ recovers $100 million civil forfeiture in 1MDB scheme

World News // 5 months ago

DOJ recovers $100 million civil forfeiture in 1MDB scheme

The Department of Justice said Wednesday an agreement was reached in the alleged embezzlement of $4.5 billion from Malaysia's sovereign investment fund known as 1Malaysia Development Berhad.

Chinese EV maker Zeekr launches on N.Y. Stock Exchange as it seeks expansion

U.S. News // 6 months ago

Chinese EV maker Zeekr launches on N.Y. Stock Exchange as it seeks expansion

Chinese EV electric vehicle maker Zeekr, owned by Geely, was listed on the New York Stock Exchange on Friday. Shares climbed some 38% for a potential $7 billion valuation in Zeekr's initial public offer.

U.S. consumers spent big on holiday shopping despite higher-than-normal inflation

U.S. News // 11 months ago

U.S. consumers spent big on holiday shopping despite higher-than-normal inflation

Americans spent more on non-essential items during the holiday season, with notable increases in dining, grocery, retail, and clothing and apparel sales despite persistent inflation, according to a new economic analysis.

Wall Street bankers tell Senate they oppose new increased capital regulation

U.S. News // 11 months ago

Wall Street bankers tell Senate they oppose new increased capital regulation

Wall Street bankers at Wednesday's Senate Banking Oversight Committee hearing on the stability of the U.S. banking system were united in their opposition to stricter capitalization regulations.

Morgan Stanley chooses company veteran for new CEO

U.S. News // 1 year ago

Morgan Stanley chooses company veteran for new CEO

Morgan Stanley Co-president Edward (Ted) Pick will become the company's next Chief Executive Officer, effective January 1, 2024, the company's board announced Wednesday.

Goldman Sachs to pay $6M fine for incomplete, inaccurate blue sheets

U.S. News // 1 year ago

Goldman Sachs to pay $6M fine for incomplete, inaccurate blue sheets

The Securities and Exchange Commission announced Friday that it has fined financial giant Goldman Sachs $6 million for failing to submit accurate information in its blue sheets.

Quotes

In our view, Boeing continues to underestimate the amount of work required on the 787
More delays predicted for Boeing's 787 Mar 08, 2008

As that starts to happen, and it will happen, I am afraid of the impact that this has
Freddie Mac head: U.S. economy could sink Dec 11, 2007

Looking over periods of stress that I've seen, this is the strongest global economy we've had
Paulsen sees no recession in stock turmoil Aug 16, 2007

Failing to act now would lead to far higher economic and environmental costs and greater risk of irreversible impacts
Corporate titans seek greenhouse gas caps Feb 20, 2007

India's current growth rate of around 8 percent can be increased to 10 percent if the efficiency level in terms of productivity to capital employed is increased and the saving rate increases marginally to sustain the investment
India's economy may eclipse U.K., U.S. Jan 24, 2007

The Goldman Sachs Group, Inc. is a global investment banking and securities firm which engages in investment banking, securities services, investment management and other financial services primarily with institutional clients. Goldman Sachs was founded in 1869, and is headquartered at 200 West Street, in the Lower Manhattan area of New York City. The firm has offices in all major international financial centers, and provides mergers and acquisitions advice, underwriting services, asset management, and securities services to its clients, which include corporations, governments and high net worth individuals around the world. The firm also engages in proprietary trading and private equity deals. It is a primary dealer in the United States Treasury security market.

Former employees Robert Rubin and Henry Paulson served as United States Secretary of the Treasury after leaving the firm; Rubin under President Bill Clinton and Paulson under George W. Bush.

Goldman Sachs was founded in 1869 by German immigrant Marcus Goldman. In 1882, Goldman's son-in-law Samuel Sachs joined the firm. In 1885, Goldman took his son Henry and his son-in-law Ludwig Dreyfuss into the business and the firm adopted its present name, Goldman Sachs & Co. The company made a name for itself pioneering the use of commercial paper for entrepreneurs and was invited to join the New York Stock Exchange in 1896.

FULL ARTICLE AT WIKIPEDIA.ORG

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It uses material from the Wikipedia article "Goldman Sachs."