A former Goldman Sachs trader moved to the Bay Area to make it in tech. He ended up buying rural land with money from some of Silicon Valley’s wealthiest people.
Category: Goldman Sachs Group Inc
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Why Wall Street is Gung-ho on the Housing Market
Despite mortgage rates hitting multidecade highs and jitters in the bond market, demand for new homes is strong and prices are rising.
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China’s Woes Loom Large Over the Global Markets
A downturn in the world’s second biggest economy, and growing fears about its real estate sector, are making investors jittery.
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Goldman’s C.E.O. Is Stuck, Without a Clear Lifeline
David Solomon’s management style is winning few fans amid the elite investment bank’s performance woes. He is mired in “quicksand” and unsure what to do.
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Goldman Sachs Names New Chief of Staff to Succeed John Rogers
John Rogers, one of the Wall Street firm’s most influential executives, will hand over his chief of staff role to Russell Horwitz, a onetime deputy.
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Goldman Sachs Reports Steep Fall in Profit, Highlighting Bank’s Woes
The investment bank reported a profit half as large as its rival Morgan Stanley, to say nothing of larger lenders.
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May Jobs Report May Yield Clues for Fed’s Next Rates Move
With the fight over the debt ceiling resolved, investors are turning to other concerns, including inflation and interest rates.
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A.I.’s Threat to Jobs Prompts Question of Who Protects Workers
Tens of millions of jobs could be automated by generative artificial intelligence. The makers of new technologies are looking to the government to step in.
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JPMorgan’s Succession Plans for Jamie Dimon May Weigh on Investors
Revelations about rivals’ plans may prompt the bank’s shareholders to ask about who will replace Jamie Dimon at an annual investor gathering on Monday.
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Goldman Sachs to Pay $215 Million to Settle Gender Bias Suit
The lawsuit accused the Wall Street bank of hindering women’s career advancement and paying them less than their male colleagues.
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Regulators Raise the Alarm on a Potential Market Risk
Turmoil in the banking sector could have a knock-on effect on clearinghouses, the intermediaries between buyers and sellers in financial markets.