Goldman Sachs

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DJing Days for This Goldman Sachs Bigwig Are Kaput

CEO David Solomon turned off the turntables on his side hustle over a year ago, per a spokesperson

(Newser) - If you've been to Lollapalooza or events in the Hamptons over the past few years, you may have been treated to the record-spinning skills of "DJ D-Sol"—the stage name of Goldman Sachs CEO David Solomon, who picked up the "unusual pastime for Wall Street" more...

Dow Dragged Down by Goldman Sachs Results
Goldman Sachs Reports
66% Fall in Profit
MARKETS

Goldman Sachs Reports 66% Fall in Profit

Dow drops 392 points

(Newser) - Major US indexes closed mixed on Wall Street at the beginning of a holiday-shortened, but earnings-heavy week. The S&P 500 fell 8.12 points, or 0.2%, to 3,990.97. The Nasdaq rose 15.96 points, or 0.1%, to 11,095.11. The Dow Jones Industrial Average...

Exodus From Russia Now Includes Wall Street Banks

Goldman Sachs is first to make the move

(Newser) - Another financial shot to Russia: Goldman Sachs on Thursday became the first major Wall Street bank to pull out of the nation since the invasion of Ukraine, reports NPR . It's a sign of the increasing economic isolation being imposed on Moscow by the West, though CNBC describes US banking...

Holiday Shoppers May Not Like Goldman Sachs' Forecast

Inflation expected to get worse through the winter before settling down next year

(Newser) - Goldman Sachs is out with its economic forecast for the coming year, and it may not please people hoping for a quick end to surging prices before the holiday shopping season. Highlights:
  • Inflation: "The current inflation surge will get worse this winter before it gets better," says the
...

'This Is Our Lazarus Moment': Ozy Reverses Closure Decision

Carlos Watson said the change of heart came after weekend discussions

(Newser) - A new twist in the rise and fall of Ozy Media : an attempt to rise again. After the company's board on Friday announced Ozy was immediately shuttering following bombshell reporting from Ben Smith at the New York Times, Ozy CEO Carlos Watson told the Today show on Monday that...

Ozy Makes Announcement With 'Heaviest of Hearts'

Digital media company is shutting down after week of bombshell reports, controversies

(Newser) - Update: A "strange chapter" in the media world has come to a close. That's per the New York Times , which reports that Ozy Media, the digital media firm it had dropped a bombshell report on earlier in the week, is shuttering. "It is ... with the heaviest of...

Goldman Sachs Institutes a Big Pay Increase

Entry-level bankers are getting a raise of almost 30%

(Newser) - JPMorgan Chase & Co., Citigroup Inc., Morgan Stanley, UBS Group AG, and Deutsche Bank AG were the first to raise salaries for junior bankers—but now that Goldman Sachs has caught up and made the same move, its starting salaries are the highest of the group, the Wall Street Journal...

Morgan Stanley to Bar the Unvaccinated

Only fully vaccinated people will be allowed inside New York offices starting July 12

(Newser) - Investment bank Morgan Stanley plans to lift mask and physical distancing requirements in its offices next month, but only after banning unvaccinated workers, clients, and visitors. The company told its workforce on Tuesday that employees and clients who are not fully vaccinated against COVID-19 will be unable to return to...

Buyer of Epstein's $51M NYC Mansion Revealed

Retired Goldman Sachs exec Michael Daffey will move in

(Newser) - A veteran Goldman Sachs trader gave himself quite the retirement present, partly courtesy of an early investment in Bitcoin. Michael Daffey, who worked at the firm for 28 years before retiring this month as chairman of the global markets division, has been revealed as the mystery buyer who paid $51...

Goldman Sachs Has New Font, With a Weird Catch

License says you can't criticize company using the new Goldman Sans typeface

(Newser) - Much as the first rule of Fight Club is not to talk about Fight Club, the first rule of using the new Goldman Sachs font is ... not to talk about Goldman Sachs disparagingly using the Goldman Sachs font. Per the Verge , the new "Goldman Sans" typeface can be used...

His Profane Tweets About the Apple Card Went Viral
His Profane Tweets About
the Apple Card Went Viral
the rundown

His Profane Tweets About the Apple Card Went Viral

And are leading to a probe of Goldman Sachs' credit card practices

(Newser) - David Heinemeier Hansson says his wife has the superior credit score. They file their taxes jointly. And while the tech entrepreneur didn't provide any other personal financial information, he did disclose an alleged financial injustice on Thursday. In a series of tweets that have continued through Monday, the Ruby...

The Apple Card Is Here
The Apple Card Is Here

The Apple Card Is Here

Apple's credit card debuts

(Newser) - Hundreds of thousands of people signed up to be the first to hear when Apple would release its first credit card. Five months later that card is out, but it's not yet available to all. A limited number of those people were randomly selected by the company to get...

Tragic End for Man Accused of Stealing Goldman Sachs Exec's Wine

Former personal assistant to David Solomon jumped to his death same day he was due in court

(Newser) - The former Goldman Sachs personal assistant accused of stealing $1.2 million worth of wine from his boss leaped to his death from a Manhattan hotel Tuesday, the New York Times reports. Nicolas De-Meyer had been scheduled to appear in federal court at 2:30pm that day on a criminal...

Goldman Sachs' Next CEO Has a Surprising Hobby

Co-president David Solomon likes to spin sick beats

(Newser) - One of Goldman Sachs' co-presidents, a part-time DJ, is set for promotion, while the other, a karate black belt, is packing his bags. Harvey Schwartz, appointed co-president when Gary Cohn left for the White House in December 2016, will leave the firm after its board of directors chose fellow co-president...

$1.2M in Wine Allegedly Stolen by Someone Exec Trusted

Indictment alleges personal assistant swiped wine from Goldman Sachs' co-president

(Newser) - It sounds like a good gig: working as the personal assistant for—and managing the stunning wine collection of—the No. 2 man at Goldman Sachs. But as the New York Times reports, Nicolas De-Meyer allegedly turned a good thing bad. Per an indictment unsealed Wednesday in Manhattan federal court,...

Rubio on Tax Bill: We 'Probably Went Too Far' in Helping Firms

Though he says he thinks Americans will still be all for the bill once they see their paychecks boosted

(Newser) - One of the facets of the GOP tax bill now signed into law is the tax break given to corporations, with the rate lowered from 35% to 21% . But Goldman Sachs says it won't capitalize as much as everyone thinks from the new bill, noting it will take a...

After Uproar, House Will 'Modernize' Dress Code

Critics say it's only selectively enforced

(Newser) - After some uproar about how the House of Representatives enforces its dress code, Speaker Paul Ryan said Thursday he and the House sergeant-at-arms will work to update it. The dress code calls for professional attire in the House chamber and the Speaker's lobby, and some female journalists have recently...

Bank CEOs Fooled by Notorious Email Prankster

No sensitive information was shared

(Newser) - Falling for a phishing scam is bad. Falling for a phishing scam when you're the CEO of a major bank, well, that's worse—and the unfortunate reality for Goldman Sachs' Lloyd Blankfein and Citigroup's Michael Corbat. The unsuspecting chief executives, along with Citigroup consumer-banking chief Stephen Bird,...

5 Best, 5 Worst Company Reputations

Congrats, Amazon

(Newser) - Congrats, Amazon. The company has the best reputation among American consumers, according to 24/7 Wall St. , which lists the companies with the best and worst reputations based on the 2017 Harris Poll and American Customer Satisfaction Index. The top five in each category, with a reputation score out of 100:...

Goldman Sachs Will Pay $5B Over Sketchy Mortgages

Time to pay the piper for the crash

(Newser) - The Justice Department announced a $5 billion settlement with Goldman Sachs over the sale of mortgage-backed securities leading up to the 2008 financial crisis, reports the AP . The deal announced Monday resolves state and federal probes into the sale of shoddy mortgages before the housing bubble and economic meltdown; Reuters...

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