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business Mar 16, 2026, 1:49 PM
Goldman Sachs raises recession odds to 25 percent amid rising economic pressures - Goldman Sachs increased its recession probability estimate for the US to 25 percent following weak job growth and rising oil prices.
- The firm noted that job creation is barely above zero, indicating economic instability and potential layoffs.
- These economic pressures are likely to reduce consumer spending and heighten the risk of recession.
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business Mar 10, 2026, 1:00 AM
Lloyd Blankfein emphasizes education as the key to success - Lloyd Blankfein grew up in public housing in Brooklyn and overcame challenges to excel academically.
- He believes that education is essential for socioeconomic mobility and personal development.
- Despite contrasting opinions on higher education, Blankfein emphasizes its role in preparing individuals for successful careers.
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politics Feb 23, 2026, 1:00 AM
Goldman Sachs warns: tariffs won't lower prices for Americans - The Supreme Court ruled against tariffs imposed by President Trump under the IEEPA, impacting U.S. import duties.
- Goldman Sachs indicates that high prices for consumers will likely persist despite the removal of certain tariffs.
- Economic analyses highlight ongoing concerns about the overall inflation outlook and consumer spending due to lingering tariffs.
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business Feb 20, 2026, 1:00 AM
Lloyd Blankfein defends college education against growing anti-college sentiment - Lloyd Blankfein articulated his disagreement with Peter Thiel's views on the diminishing value of college education.
- He emphasized that personal growth and the development of soft skills are crucial for career success.
- Blankfein's stance highlights a broader debate on the necessity and role of college in the modern job market.
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business Feb 18, 2026, 1:00 AM
Companies retreat on diversity metrics as board composition shifts - The number of companies in the S&P 500 disclosing directors' racial and ethnic demographics has significantly decreased.
- For the first time since 2017, the majority of new directors appointed are white men.
- The results provoke concerns regarding corporate commitments to diversity and inclusion.
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business Feb 13, 2026, 6:10 PM
Kathryn Ruemmler resigns amid scrutiny over Epstein ties - Kathryn Ruemmler, Goldman Sachs' top lawyer, resigned after scrutiny over her friendship with Jeffrey Epstein.
- Emails revealed she referred to Epstein as 'Uncle Jeffrey' and accepted gifts from him.
- Her resignation is viewed as a consequence of the reputational pressure faced by Goldman Sachs.
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business Feb 13, 2026, 2:46 AM
Kathy Ruemmler resigns from Goldman Sachs after Epstein email fallout - Kathy Ruemmler announced her resignation from Goldman Sachs amid scrutiny over her email correspondence with Jeffrey Epstein.
- Goldman Sachs CEO David Solomon acknowledged her contributions and confirmed her decision to leave the firm.
- Ruemmler's departure reflects a broader trend of high-profile resignations connected to the fallout of Epstein's disclosures.
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business Feb 4, 2026, 1:35 PM
Court reduces banker’s payout amid affair revelations - Mr Loh-Gronager was found to have dramatically reduced his payout due to financial misconduct in his marriage.
- The judge highlighted various manipulative behaviors, including transferring large sums of money while his wife was in therapy.
- The case has raised significant discussion about the ethics of financial dealings in marriage.
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business Feb 2, 2026, 1:00 AM
Fieldguide revolutionizes accounting industry with $700 million valuation - Fieldguide aims to tackle the significant talent crisis in the CPA industry, where CPA exam candidates are at a record low.
- The platform is currently utilized by 50% of the top 100 accounting firms in the U.S., including KPMG.
- The rise of AI tools like Fieldguide is expected to reshape accounting practices and help firms improve efficiency.
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business Jan 28, 2026, 2:47 PM
RAC aims for £5 billion stock market listing with Goldman Sachs at the helm - The RAC has chosen investment banks including Goldman Sachs to lead their stock market flotation.
- The company, owned by major investment firms, boasts around 15 million members and is a well-known brand in the UK.
- The flotation plan could significantly impact the landscape of breakdown recovery services in the UK market.
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business Dec 22, 2025, 1:00 AM
Goldman Sachs CEO prioritizes experience over Ivy League degrees - David Solomon, CEO of Goldman Sachs, emphasizes that relying solely on book smarts won’t secure a position at the firm.
- He highlights the value of experience, stating it is a critical factor that differentiates candidates in the hiring process.
- This hiring approach reflects a broader trend among CEOs who prioritize practical skills over elite university credentials.
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business Dec 10, 2025, 1:00 AM
Goldman Sachs cuts headcount amid ongoing strategic transformation - Goldman Sachs is implementing the OneGS 3.0 strategy to enhance growth and process efficiency.
- The company is prioritizing automation and reducing manual processes in its operations.
- The reduction in headcount earlier in 2025 reflects a shift towards maintaining high-performance standards while managing talent.
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business Dec 5, 2025, 5:47 PM
New York City repurposes vacant offices into thousands of apartments amid housing crisis - New York City is converting empty office buildings into apartments to address high vacancy rates and housing shortages.
- The City of Yes initiative seeks to create up to 80,000 new homes in the next 15 years, involving significant public investment.
- While the conversions are seen positively, experts warn that costs and rental prices may limit their affordability for lower-income residents.
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business Dec 1, 2025, 1:33 PM
Goldman Sachs buys Innovator Capital Management in $2 billion deal - Goldman Sachs announced its acquisition of Innovator Capital Management for $2 billion.
- Innovator Capital Management specializes in actively managed exchange-traded funds.
- This acquisition aims to strengthen Goldman Sachs' position in the growing active investment sector.
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business Nov 19, 2025, 9:50 AM
SAPI secures $80 million funding to support small businesses - SAPI secured $80 million in a funding round led by Hudson Cove, consisting of $75 million in debt and $5 million in equity.
- The company, founded by former Goldman Sachs and AlixPartners executives, focuses on supporting small businesses, particularly immigrant- and female-owned.
- This funding aims to enhance SAPI's international presence and address the issues faced by small businesses in accessing external financing.
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2026 All rights reserved
2026 All rights reserved