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The Latest Breaking News from Goldman Sachs

Apple’s High-Yield Savings Account Surpasses $10B In Deposits

Apple Card's collaboration with Goldman Sachs proves successful as users flock to high-interest savings account.

Zenger

Apple Card Savings customers just saved $10 billion

Apple Card Savings accounts are already home to more than $10 billion in deposits and they only launched in April.

iMore

Chinese plans to limit smartphone use for children hit tech shares

Proposals would cut usage for 16- to 18-year-olds to a maximum of two hours, with under-16s limited to one hour

The Guardian - UK

From analysis to the latest developments in health,
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Fitch just downgraded the U.S. credit rating — how much does it matter?

The U.S. is no longer rated at the top-notch AAA by Fitch. Here's what credit ratings are, and why they (mostly) matter.

WEKU

The US government's debt has been downgraded. Here's what to know

Late Tuesday, Fitch Ratings became the second of the three major credit-rating firms to remove its coveted triple-A assessment of the United States government’s credit worthiness, a move that contributed to sharply lower stock prices in Wednesday trading

The Independent UK

‘Imagine no recession, it’s easy if you try.’ Bank of America flip-flops on its recession call, arguing a ‘soft landing’ is on the way

The investment bank has been predicting a recession since the summer of 2022. A full year later, it’s having second thoughts.

Fortune

Is There a Bubble Forming in Unprofitable Tech Stocks?

Shares of unprofitable technology companies have rallied sharply this year amid rising optimism that the U.S. will avoid a recession and that the Federal Reserve will soon end its interest rate hiking campaign. A basket of unprofitable technology stocks tracked by Goldman Sachs has surged +43% since May, its best...

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Body of Goldman Sachs banker pulled from NYC creek after he vanished from concert

‘They have found his body and confirmed it’s him,’ John Castic’s father told Fox News Digital

The Independent UK

Trading Insights: 3 Calendar Spread Trade Ideas for This Tuesday

Calendar spreads are an option trade that involves selling a short-term option and buying a longer-term option with the same strike.

Barchart

Birkenstock's IPO could make it Wall Street's new darling

Birkenstock had a further boost this year thanks to blockbuster movie "Barbie," with actor Margot Robbie wearing a pair of the shoes in one scene.

Fortune

Goldman Sachs Turns Bullish On Chevron, Sets $187 Price Target

Goldman Sachs upgrades Chevron to Buy, sees increased capital returns and attractive valuation

Zenger

Meet the most powerful private equity investors from Blackstone, Vista Equity, and Apollo

Whether in their sixth decade or their third, these are some of the most powerful private equity investors in the U.S. And they have $1.5 trillion to invest.

Fortune

Filthy Rich Politicians review: Matt Lewis skewers both sides of the aisle

Donald Trump is not the only politico to talk about draining the swamp while eagerly drinking from it, a new book shows

The Guardian - US

What The Generative AI Boom Means For Your Job, The Economy And The S&P 500

The rapid adoption of generative AI points to a productivity boom in the near future. What does that mean for your job, the economy and the stock market?

Investors Business Daily

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Fortune

Billions in 9/11 aid has gone unclaimed. Now a new law will compel banks like JPMorgan and Goldman Sachs to alert survivors who worked near Ground Zero

The 9/11 Notice Act aims to do for the civilians what the unions did for the cops, firefighters, and construction crews.

iMore

Tim Cook got declined for an Apple Card — and that's not all in new Goldman Sachs nuggets

Apple and Goldman Sachs' partnership has been revealed to have been strained since it began, with plenty of faux pas.

WEKU

Could the U.S. still see a recession? A handy primer about the confusing economy

A string of encouraging reports is raising hope about the economy — but worries of a possible recession have not gone away. Here's why.

Investors Business Daily

11 Stocks Power The Dow's Amazing 10-Straight Day Rally

The Dow's 10-straight day rally keeps making history — it hasn't done this since at least 2017. And investors can thank a select group.

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news in one place.

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Fortune

Hustling for perfection could be holding women back, a coach to execs at Google and Goldman Sachs warns

The career coach has taken stock of three traits often holding high-achieving workers back from a step up: People pleasing, perfectionism and comparison.

Zenger

Goldman Sachs Q2 Profits Plunge 60% As Deal Activity Dries Up

Weakness attributed to dwindling deal making and trading, with Apple partnership in focus

Kiplinger

Stock Market Today: Dow Win Streak Continues After Goldman Sachs Earnings

The blue chip index closed higher for an eighth straight day Wednesday, its longest win streak since September 2019.

Investors Business Daily

GS Stock Rises As Goldman Sachs Misses Earnings Views

Goldman Sachs earnings tumbled 48%, worse than expected, though revenue wasn't quite as bad as forecast. GS stock edged lower.

Fortune

Fashion resale CEO bets big on brands like Chloé

Samina Virk, is North America CEO of Vestiaire Collective, a Goldman Sachs- and Softbank-backed platform.

Fortune

Four years of housing market gridlock? Goldman Sachs issues U.S. home price predictions through 2026

The struggle between tight inventory and deteriorated affordability will see U.S. home prices end 2026 just 4.5% above the 2022 peak, predicts Goldman Sachs.

Investors Business Daily

Stock Market Holds On To Gains; Semiconductor Equipment Stock Surges

Stock market investors are hopeful as they await Tesla and airline earnings reports this week. Palantir stock pops on a price target hike.

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