#goldman-sachs

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#sp-500

Prediction: The S&P 500 Could Hit 6,500 Next Year

Goldman Sachs predicts S&P 500 could reach 6,500, fueled by strong earnings but jeopardized by geopolitical tensions and inflation risks.

Goldman Sachs tells investors Trump's tariffs pose a major 'event risk' and to expect slower growth in 2025

Goldman Sachs predicts a slowdown in S&P 500 growth in 2025 but recognizes a promising economic outlook with inherent market risks.

Prediction: The S&P 500 Could Hit 6,500 Next Year

Goldman Sachs predicts S&P 500 could reach 6,500, fueled by strong earnings but jeopardized by geopolitical tensions and inflation risks.

Goldman Sachs tells investors Trump's tariffs pose a major 'event risk' and to expect slower growth in 2025

Goldman Sachs predicts a slowdown in S&P 500 growth in 2025 but recognizes a promising economic outlook with inherent market risks.
moresp-500

Corporate borrowing is on a roll. Goldman's debt financing head breaks down the trends.

Goldman Sachs noted a 46% annual increase in debt-capital-markets revenue, indicating a surge in corporate borrowing activity.

This new Goldman Sachs partner is leading the bank's strategy with young heirs and founders

Goldman Sachs is increasingly focusing on catering to younger clients, particularly millennials and women, in its private wealth management division.

Inside the Goldman Sachs marketing push that has some execs perplexed

Goldman Sachs has rebranded with a new logo and color palette, sparking internal debate about the direction and costs of marketing efforts.
#partnership

See the 95 executives Goldman Sachs tapped to join its exclusive partnership - a record high under David Solomon

Goldman Sachs promotes 95 executives to partnership, marking the largest class under CEO David Solomon, with a record number of diverse appointees.

The youngest member of Goldman's 2024 partner class takes us inside his big day, from his call with President John Waldron to celebrating with his boss

Feroz Khosla, at 35, is the youngest Goldman Sachs partner in 2024, symbolizing the firm's commitment to nurturing young talent.

Dozens of Goldman Sachs executives are about the get the call of a lifetime

Goldman Sachs partners enjoy high salaries and exclusive access within a competitive and rigorous selection process.

How 9 newly minted Goldman Sachs partners celebrated their big day, from shouting across the trading floor to popping Champagne in the office

Goldman Sachs named 95 new partners, marking a significant career milestone, celebrated with colleagues and families.

See the 95 executives Goldman Sachs tapped to join its exclusive partnership - a record high under David Solomon

Goldman Sachs promotes 95 executives to partnership, marking the largest class under CEO David Solomon, with a record number of diverse appointees.

The youngest member of Goldman's 2024 partner class takes us inside his big day, from his call with President John Waldron to celebrating with his boss

Feroz Khosla, at 35, is the youngest Goldman Sachs partner in 2024, symbolizing the firm's commitment to nurturing young talent.

Dozens of Goldman Sachs executives are about the get the call of a lifetime

Goldman Sachs partners enjoy high salaries and exclusive access within a competitive and rigorous selection process.

How 9 newly minted Goldman Sachs partners celebrated their big day, from shouting across the trading floor to popping Champagne in the office

Goldman Sachs named 95 new partners, marking a significant career milestone, celebrated with colleagues and families.
morepartnership
#investment-banking

Goldman Sachs' CEO says AI is driving more companies to reinvent themselves. 'We're talking about a level of scale that is candidly unprecedented'

Goldman Sachs reported strong Q1 earnings with a surge in profits, highlighting significant growth in investment banking fees and potential opportunities in AI-related projects.

Things are looking up for Wall Street, and Goldman's third-quarter results show why

Goldman Sachs reported a 45% increase in profits, highlighting a resurgence in dealmaking.

Goldman Sachs beats Wall Street forecasts as investment-banking fees surge 20%

Goldman Sachs reported strong Q3 earnings with $12.7 billion in revenue, beating analysts' expectations amidst a complex economic landscape.

EXCLUSIVE: How Goldman Sachs turns founder equity into private jets, yachts, and more private equity

Goldman Sachs is refocusing on servicing ultra-rich founders, helping them unlock wealth tied up in their business stakes.

A Goldman Sachs job is a 'golden ticket'-and each year over 300,000 young bankers try get one

Goldman Sachs offers one of the most sought-after analyst positions on Wall Street, promising significant career opportunities and experience.

Meet the ex-Googler joining Goldman Sachs to build tech and cut costs for its investment banking and trading business

Goldman Sachs appointed Melissa Goldman as global head of engineering to enhance technology in banking and trading amid industry challenges.

Goldman Sachs' CEO says AI is driving more companies to reinvent themselves. 'We're talking about a level of scale that is candidly unprecedented'

Goldman Sachs reported strong Q1 earnings with a surge in profits, highlighting significant growth in investment banking fees and potential opportunities in AI-related projects.

Things are looking up for Wall Street, and Goldman's third-quarter results show why

Goldman Sachs reported a 45% increase in profits, highlighting a resurgence in dealmaking.

Goldman Sachs beats Wall Street forecasts as investment-banking fees surge 20%

Goldman Sachs reported strong Q3 earnings with $12.7 billion in revenue, beating analysts' expectations amidst a complex economic landscape.

EXCLUSIVE: How Goldman Sachs turns founder equity into private jets, yachts, and more private equity

Goldman Sachs is refocusing on servicing ultra-rich founders, helping them unlock wealth tied up in their business stakes.

A Goldman Sachs job is a 'golden ticket'-and each year over 300,000 young bankers try get one

Goldman Sachs offers one of the most sought-after analyst positions on Wall Street, promising significant career opportunities and experience.

Meet the ex-Googler joining Goldman Sachs to build tech and cut costs for its investment banking and trading business

Goldman Sachs appointed Melissa Goldman as global head of engineering to enhance technology in banking and trading amid industry challenges.
moreinvestment-banking
#donald-trump

Goldman CEO Solomon reacts to Trump's win, vows to work with the new administration 'in support of sound policies'

Goldman Sachs anticipates benefiting from Donald Trump's presidency through sound policies that could enhance economic growth and financial stability.

Insider Today: Preparing for Trump 2.0

Andrew Yeung's coffee chat formula is key to his successful tech event business growth.
Trump's election victory drives economic changes, impacting stocks and corporate strategies.
Goldman Sachs promotes a diverse group of executives, signaling progress in leadership representation.

Goldman CEO Solomon reacts to Trump's win, vows to work with the new administration 'in support of sound policies'

Goldman Sachs anticipates benefiting from Donald Trump's presidency through sound policies that could enhance economic growth and financial stability.

Insider Today: Preparing for Trump 2.0

Andrew Yeung's coffee chat formula is key to his successful tech event business growth.
Trump's election victory drives economic changes, impacting stocks and corporate strategies.
Goldman Sachs promotes a diverse group of executives, signaling progress in leadership representation.
moredonald-trump
#stock-market

Goldman Sachs says to buy the dip in AI

Goldman Sachs sees a buying opportunity in AI stocks despite recent downturns, anticipating lower interest rates and strong fundamentals.

Goldman Sachs Has 5 Blue Chip Dividend Giants on Its List of Top Stock Picks

The AI stock rally outpaces S&P 500 performance while broader economic concerns loom, suggesting future market volatility.
Goldman Sachs stocks offer a combination of solid returns and dependable dividends for passive income investors.

The S&P 500 will jump 10% over the next year to 6,300, Goldman Sachs says

Goldman Sachs anticipates S&P 500 will reach 6,000 by end of 2023, fueled by strong earnings and profit margin growth.

Goldman Sachs cutting several hundred employees in annual cull of low performers

Goldman Sachs is laying off hundreds of employees as part of its annual performance review and aims to hire more staff by year-end.

Nvidia is a bargain now AI is going beyond the hyperscalers, says Goldman Sachs

Nvidia's recent stock sell-off presents a buying opportunity, according to Goldman Sachs.

Goldman Sachs Sees "Lost Decade" for Stocks-Why You Should Buy Anyway

Goldman Sachs predicts poor stock returns over the next decade, cautioning investors to remain optimistic but cautious given market conditions.

Goldman Sachs says to buy the dip in AI

Goldman Sachs sees a buying opportunity in AI stocks despite recent downturns, anticipating lower interest rates and strong fundamentals.

Goldman Sachs Has 5 Blue Chip Dividend Giants on Its List of Top Stock Picks

The AI stock rally outpaces S&P 500 performance while broader economic concerns loom, suggesting future market volatility.
Goldman Sachs stocks offer a combination of solid returns and dependable dividends for passive income investors.

The S&P 500 will jump 10% over the next year to 6,300, Goldman Sachs says

Goldman Sachs anticipates S&P 500 will reach 6,000 by end of 2023, fueled by strong earnings and profit margin growth.

Goldman Sachs cutting several hundred employees in annual cull of low performers

Goldman Sachs is laying off hundreds of employees as part of its annual performance review and aims to hire more staff by year-end.

Nvidia is a bargain now AI is going beyond the hyperscalers, says Goldman Sachs

Nvidia's recent stock sell-off presents a buying opportunity, according to Goldman Sachs.

Goldman Sachs Sees "Lost Decade" for Stocks-Why You Should Buy Anyway

Goldman Sachs predicts poor stock returns over the next decade, cautioning investors to remain optimistic but cautious given market conditions.
morestock-market

Goldman says traders are too worried about delays to US vote result

Global investors are overstating risks of market uncertainty post-US election results.
Improved ballot processing should lead to quicker vote counting than in 2020.
#consumer-financial-protection-bureau

What the latest bad news for the Apple Card means for customers

Apple and Goldman Sachs ordered to pay $89 million for mishandling Apple Card customer disputes.

Here's Something Else Goldman-for-the-People Didn't Do Very Well

Goldman Sachs continues to struggle in the credit card business, particularly with the Apple Card, amid regulatory scrutiny and significant financial losses.

What the latest bad news for the Apple Card means for customers

Apple and Goldman Sachs ordered to pay $89 million for mishandling Apple Card customer disputes.

Here's Something Else Goldman-for-the-People Didn't Do Very Well

Goldman Sachs continues to struggle in the credit card business, particularly with the Apple Card, amid regulatory scrutiny and significant financial losses.
moreconsumer-financial-protection-bureau
#bank-of-england

UK interest rates 'could fall as low as 2.75% in the next year', Goldman Sachs predicts

Goldman Sachs expects faster cuts to UK interest rates than markets anticipate, reaching 2.75% by November 2025.

Pound set to reach highest level against US dollar since 2021, says Goldman Sachs

Goldman Sachs forecasts the pound will surge to $1.40 against the US dollar within a year due to strong UK growth and interest rate reductions.

UK interest rates 'could fall as low as 2.75% in the next year', Goldman Sachs predicts

Goldman Sachs expects faster cuts to UK interest rates than markets anticipate, reaching 2.75% by November 2025.

Pound set to reach highest level against US dollar since 2021, says Goldman Sachs

Goldman Sachs forecasts the pound will surge to $1.40 against the US dollar within a year due to strong UK growth and interest rate reductions.
morebank-of-england

Profits Leap at Goldman Sachs as Banks See Steady Economy

Goldman Sachs reported $3 billion in profits, far exceeding Wall Street's expectations, supported by unexpectedly strong trading activity and strategic financial maneuvers.

Buying a home is going to get affordable again - but you might have to wait until 2030

US housing affordability is at record lows but may normalize by 2030 due to factors like falling mortgage rates and rising incomes.
#federal-reserve

Goldman Sachs raises U.S. recession odds to 25% from 15%

Goldman Sachs economists see limited recession risk despite increased probability, based on strong economy, Fed's flexibility, and job market indicators.

Goldman Sachs names new chief strategy officer for global banking

Josh Schiffrin has been promoted to Chief Strategy Officer and head of Financial Risk at Goldman Sachs, overseeing multiple risk teams.

Goldman Sachs trims recession odds to 20% from 25% on strong data

Goldman Sachs lowers US recession probability to 20%, buoyed by positive economic data.
Further cuts in recession expectations depend on upcoming job report results.

Goldman Sachs raises U.S. recession odds to 25% from 15%

Goldman Sachs economists see limited recession risk despite increased probability, based on strong economy, Fed's flexibility, and job market indicators.

Goldman Sachs names new chief strategy officer for global banking

Josh Schiffrin has been promoted to Chief Strategy Officer and head of Financial Risk at Goldman Sachs, overseeing multiple risk teams.

Goldman Sachs trims recession odds to 20% from 25% on strong data

Goldman Sachs lowers US recession probability to 20%, buoyed by positive economic data.
Further cuts in recession expectations depend on upcoming job report results.
morefederal-reserve
#financial-services

Goldman Sachs Holds Over $400M in Bitcoin ETFs

Goldman Sachs holds significant stakes in seven bitcoin ETFs, reflecting a notable change in their stance towards cryptocurrency investments.

JPMorgan reportedly in talks with Apple to take over credit-card program from Goldman

JPMorgan is negotiating to take over Apple's credit card program from Goldman Sachs, seeking to secure a potentially lucrative partnership.

Wall Street banks are scouting for talent in lower-cost European cities

Goldman Sachs is expanding its Birmingham office to attract local talent and reduce operational costs by moving away from traditional financial hubs.

Goldman Sachs Holds Over $400M in Bitcoin ETFs

Goldman Sachs holds significant stakes in seven bitcoin ETFs, reflecting a notable change in their stance towards cryptocurrency investments.

JPMorgan reportedly in talks with Apple to take over credit-card program from Goldman

JPMorgan is negotiating to take over Apple's credit card program from Goldman Sachs, seeking to secure a potentially lucrative partnership.

Wall Street banks are scouting for talent in lower-cost European cities

Goldman Sachs is expanding its Birmingham office to attract local talent and reduce operational costs by moving away from traditional financial hubs.
morefinancial-services
#investment-strategy

Goldman Sachs says to buy the dip in AI

Goldman Sachs advises buying AI-related stocks after recent price declines, anticipating a recovery fueled by lower interest rates and strong fundamentals.

Goldman Sachs Recommends These 3 Growth Stocks As Strong Buys in September

Goldman Sachs identifies three compelling growth stocks worth considering, signaling a shift towards diverse sectors amidst a technology market rotation.

Goldman Sachs says to buy the dip in AI

Goldman Sachs advises buying AI-related stocks after recent price declines, anticipating a recovery fueled by lower interest rates and strong fundamentals.

Goldman Sachs Recommends These 3 Growth Stocks As Strong Buys in September

Goldman Sachs identifies three compelling growth stocks worth considering, signaling a shift towards diverse sectors amidst a technology market rotation.
moreinvestment-strategy
#wealth-management

A Goldman Sachs financial advisor shares 3 strategies for founders preparing to cash in on IPO wealth

Startup founders need to consider new money-management strategies after a successful IPO.

Goldman Sachs Clients Not Interested in Crypto, Says Chief Investment Officer: WSJ

Goldman Sachs maintains a negative stance on cryptocurrencies, citing lack of value as a key reason.
Clients of Goldman Sachs have shown no interest in exposure to cryptocurrencies despite industry trends.

A Goldman Sachs financial advisor shares 3 strategies for founders preparing to cash in on IPO wealth

Startup founders need to consider new money-management strategies after a successful IPO.

Goldman Sachs Clients Not Interested in Crypto, Says Chief Investment Officer: WSJ

Goldman Sachs maintains a negative stance on cryptocurrencies, citing lack of value as a key reason.
Clients of Goldman Sachs have shown no interest in exposure to cryptocurrencies despite industry trends.
morewealth-management

Bitcoin Gets Brief Boost After U.S. Employment Growth Revised Lower

The U.S. jobs market isn't as strong as initially reported, affecting Bitcoin's brief price bump.

Memo: Goldman names new CTO as top tech exec exits for Citadel

Goldman Sachs appointed John Madsen as CTO following the departure of Atte Lahtiranta to Citadel.

MediaAlpha Positioned for Strong Growth in Expanding Insurance Digital Advertising Market, Says Goldman Sachs - MediaAlpha (NYSE:MAX)

Goldman Sachs rates MediaAlpha a Buy, predicting its growth due to recovery in the insurance sector and increased digital advertising.

Odds of Recession Drop to 20%

Goldman Sachs' recession forecast is now 20%, reflecting a volatile economic outlook influenced by retail sales and job reports.

Goldman Sachs CEO breaks down what the bank looks for in new hires - and how hard it is to land a job

Goldman Sachs values tenacity and a diverse skill set, hiring less than 1% of applicants for entry-level roles.

This is what Goldman Sachs CEO David Solomon thinks about the AI 'bubble'

AI is a long-term trend that will transform business productivity, according to Goldman Sachs CEO David Solomon.
#bitcoin

Goldman Sachs Joins Morgan Stanley in Holding Bitcoin ETFs as Institutional Interest Grows: 13F Wrap

Investment advisors collectively held $4.7 billion in spot bitcoin ETFs, demonstrating significant institutional confidence in cryptocurrency.

Goldman Sachs Holds Over $400M in Spot Bitcoin ETFs

Goldman Sachs' $418 million investment in Bitcoin ETFs shows strong institutional interest in Bitcoin.

Goldman Sachs: Bitcoin ETFs Are an 'Astonishing Success'

Goldman Sachs praises Bitcoin ETFs as a success after initial scepticism.

Coinbase Upgraded to Neutral as Goldman Sachs Ends Bearish Stance

Higher crypto prices benefit Coinbase
Retail participation drives recent crypto price action
Goldman Sachs upgrades Coinbase due to record high bitcoin prices and increased daily trading volumes.

Goldman Sachs executive remains skeptical about Bitcoin

Goldman Sachs remains skeptical about Bitcoin as an investment asset class.
Despite skepticism, Goldman Sachs has quietly engaged in the cryptocurrency market, notably with Polkadot's ETP.

The Morning Risk Report: Regulator Probes BlackRock and Vanguard Over Huge Stakes in U.S. Banks

Goldman Sachs CIO remains skeptical of cryptocurrency despite its soaring value.
Some financial advisers advise including crypto in portfolios, contradicting Goldman's stance.

Goldman Sachs Joins Morgan Stanley in Holding Bitcoin ETFs as Institutional Interest Grows: 13F Wrap

Investment advisors collectively held $4.7 billion in spot bitcoin ETFs, demonstrating significant institutional confidence in cryptocurrency.

Goldman Sachs Holds Over $400M in Spot Bitcoin ETFs

Goldman Sachs' $418 million investment in Bitcoin ETFs shows strong institutional interest in Bitcoin.

Goldman Sachs: Bitcoin ETFs Are an 'Astonishing Success'

Goldman Sachs praises Bitcoin ETFs as a success after initial scepticism.

Coinbase Upgraded to Neutral as Goldman Sachs Ends Bearish Stance

Higher crypto prices benefit Coinbase
Retail participation drives recent crypto price action
Goldman Sachs upgrades Coinbase due to record high bitcoin prices and increased daily trading volumes.

Goldman Sachs executive remains skeptical about Bitcoin

Goldman Sachs remains skeptical about Bitcoin as an investment asset class.
Despite skepticism, Goldman Sachs has quietly engaged in the cryptocurrency market, notably with Polkadot's ETP.

The Morning Risk Report: Regulator Probes BlackRock and Vanguard Over Huge Stakes in U.S. Banks

Goldman Sachs CIO remains skeptical of cryptocurrency despite its soaring value.
Some financial advisers advise including crypto in portfolios, contradicting Goldman's stance.
morebitcoin

Goldman Sachs' CEO was rejected twice by the firm

Goldman Sachs has an under 1% acceptance rate for entry-level jobs, reflecting a highly competitive recruitment process.

Landing a Goldman Sachs internship has never been harder-here are interview questions candidates were asked

Gen Z faces intense competition for internships, notably with Goldman Sachs having a hiring rate below 1%.

The new Goldman Sachs logo is giving me serious deja vu

Brands are reverting to previous logo designs for a more classic look.

Goldman Sachs Loves 5 Very Surprising High-Yield Dividend Stocks in July

Artificial intelligence stocks are leading the market rally, but most S&P 500 stocks are stagnant. Goldman Sachs recommends high-dividend stocks for passive income.

Goldman Sachs pay pot for bankers surges by more than 20%

London bankers at Goldman Sachs have seen a 20% pay increase in the first quarter of the year due to a surge in stock-based bonuses and lifted bonus caps.

Defending Goldman Sachs' Latest Crypto Criticism

Public crypto skepticism faced from traditional finance experts.
Understanding opposing views strengthens crypto advocacy.

Goldman Seeing 'Resurgence of Interest' for Crypto Options From Hedge Fund Clients: Bloomberg

Approval of spot bitcoin ETF led to increased interest among Goldman's clients.
Goldman expanding offerings to asset managers, bank clients, and digital asset firms.

Coinbase Gets Another Upgrade, This Time at Raymond James, as Bears Capitulate

Raymond James upgraded Coinbase shares from underperform to market perform due to positive impact of spot bitcoin ETF flows.
Goldman Sachs also revised its negative rating last week, upgrading COIN shares to neutral from sell.

Boaz Weinstein Would Never Hire A Second-Tier Slob Like Boaz Weinstein These Days

Boaz Weinstein had a non-traditional start at Goldman Sachs, initially being there to play chess with a trading chief.
Weinstein emphasizes the importance of having a mentor and asking questions to succeed in the finance industry.

Bank of America warns employees over lack of in-office attendance

Bank of America warns employees of disciplinary action for not returning to the workplace
About a quarter of American workers are still remote, according to Goldman Sachs

Reddit plans to launch IPO in March, report says | TechCrunch

Reddit is preparing to launch its IPO in March, after more than three years of considering it.
The company is looking to sell around 10% of its shares in the IPO.

Former recruitment head sues Goldman Sachs for 1m over excessive workload'

Former head of recruitment at Goldman Sachs is suing the investment bank for over 1m in a personal injury claim, alleging that excessive work hours led to physical and psychiatric injuries
Goldman Sachs lawyers argue that the pressure and excessive hours were self-generated and not required or expected of the plaintiff
#Apple

Report: Apple and Goldman Sachs are breaking up over money-losing Apple Card

Apple is reportedly ending its partnership with Goldman Sachs for its financial services.
Goldman Sachs has been losing billions of dollars due to higher-than-usual loss rates on credit card loans.
Apple may be considering partnering with Synchrony Financial or American Express for its financial services.

Report: Apple and Goldman Sachs are breaking up over money-losing Apple Card

Apple is reportedly ending its partnership with Goldman Sachs for its financial services.
Goldman Sachs has been losing billions of dollars due to higher-than-usual loss rates on credit card loans.
Apple may be considering partnering with Synchrony Financial or American Express for its financial services.

Report: Apple and Goldman Sachs are breaking up over money-losing Apple Card

Apple is reportedly ending its partnership with Goldman Sachs for its financial services.
Goldman Sachs has been losing billions of dollars due to higher-than-usual loss rates on credit card loans.
Apple may be considering partnering with Synchrony Financial or American Express for its financial services.

Apple is offering Goldman Sachs an out of troubled Apple Card partnership: Report

Apple is reportedly proposing to end its partnership with Goldman Sachs on the Apple Card and Apple Savings account.
Goldman Sachs has been disappointed with its move into consumer banking and has had gripes with the Apple Card deal.
Synchrony Financial is reportedly a potential replacement for Goldman Sachs as Apple's banking partner.

Apple 'wants out' of credit card pact with Goldman Sachs

Apple is reportedly looking to end its collaboration with Goldman Sachs for its Apple Card.
The partnership between Apple and Goldman Sachs has been rocky, with issues including a sexist algorithm and disagreements over marketing and applicant approval.
It is currently unclear if Apple has another bank lined up to take over the credit card.

Report: Apple and Goldman Sachs are breaking up over money-losing Apple Card

Apple is reportedly ending its partnership with Goldman Sachs for its financial services.
Goldman Sachs has been losing billions of dollars due to higher-than-usual loss rates on credit card loans.
Apple may be considering partnering with Synchrony Financial or American Express for its financial services.

Report: Apple and Goldman Sachs are breaking up over money-losing Apple Card

Apple is reportedly ending its partnership with Goldman Sachs for its financial services.
Goldman Sachs has been losing billions of dollars due to higher-than-usual loss rates on credit card loans.
Apple may be considering partnering with Synchrony Financial or American Express for its financial services.

Report: Apple and Goldman Sachs are breaking up over money-losing Apple Card

Apple is reportedly ending its partnership with Goldman Sachs for its financial services.
Goldman Sachs has been losing billions of dollars due to higher-than-usual loss rates on credit card loans.
Apple may be considering partnering with Synchrony Financial or American Express for its financial services.

Apple is offering Goldman Sachs an out of troubled Apple Card partnership: Report

Apple is reportedly proposing to end its partnership with Goldman Sachs on the Apple Card and Apple Savings account.
Goldman Sachs has been disappointed with its move into consumer banking and has had gripes with the Apple Card deal.
Synchrony Financial is reportedly a potential replacement for Goldman Sachs as Apple's banking partner.

Apple 'wants out' of credit card pact with Goldman Sachs

Apple is reportedly looking to end its collaboration with Goldman Sachs for its Apple Card.
The partnership between Apple and Goldman Sachs has been rocky, with issues including a sexist algorithm and disagreements over marketing and applicant approval.
It is currently unclear if Apple has another bank lined up to take over the credit card.
moreApple

Report: Apple and Goldman Sachs are breaking up over money-losing Apple Card

Apple is reportedly ending its partnership with Goldman Sachs for its financial services.
Goldman Sachs has been losing billions of dollars due to higher-than-usual loss rates on credit card loans.
Apple may be considering partnering with Synchrony Financial or American Express for its financial services.

Report: Apple and Goldman Sachs are breaking up over money-losing Apple Card

Apple is reportedly ending its partnership with Goldman Sachs for its financial services.
Goldman Sachs has been losing billions of dollars due to higher-than-usual loss rates on credit card loans.
Apple may be considering partnering with Synchrony Financial or American Express for its financial services.

Goldman Sachs' AI talent getting poached by the bank's Wall Street rivals: report

Goldman Sachs has lost over 100 employees to rival Wall Street banks who have lured away its AI talent in the past year.
Bank of America and Wells Fargo have also seen employees leave to join competitors.
Goldman counts 46,000 total employees, so the net outflow of 60 people represents a small fraction of its workforce.
#people

AI race drives down stock market valuations of education firms

The artificial intelligence race is already producing losers.On Tuesday, education companies trading on the London and New York stock exchanges saw hundreds of millions wiped from their valuations after Chegg, a US firm that provides online help to students for writing and maths work, said ChatGPT was affecting customer growth.

IBM is pausing hiring on jobs that could be replaced by AI

Since generative AI burst into the public consciousness last year, people have been worried about how fast the technology would impact the workforce.Increasingly, the answer seems to be: A lot faster than anyone imagined.IBM is the latest to lean into AI at the expense of human workers, with CEO Arvind Krishna telling Bloomberg this week the company plans to pause hiring for roles it believes could be done by artificial intelligence.

Leading British Jews call for meeting with Guardian editor over Richard Sharp cartoon

The Board of Deputies of British Jews has called for an urgent meeting with the editor-in-chief of The Guardian over the use of antisemitic tropes in a cartoon about Richard Sharp.The newspaper removed the drawing by cartoonist Martin Rowson from The Guardian website on Saturday and apologised to the Jewish community and Mr Sharp who announced his resignation as BBC chair earlier in the week.

AI race drives down stock market valuations of education firms

The artificial intelligence race is already producing losers.On Tuesday, education companies trading on the London and New York stock exchanges saw hundreds of millions wiped from their valuations after Chegg, a US firm that provides online help to students for writing and maths work, said ChatGPT was affecting customer growth.

IBM is pausing hiring on jobs that could be replaced by AI

Since generative AI burst into the public consciousness last year, people have been worried about how fast the technology would impact the workforce.Increasingly, the answer seems to be: A lot faster than anyone imagined.IBM is the latest to lean into AI at the expense of human workers, with CEO Arvind Krishna telling Bloomberg this week the company plans to pause hiring for roles it believes could be done by artificial intelligence.

Leading British Jews call for meeting with Guardian editor over Richard Sharp cartoon

The Board of Deputies of British Jews has called for an urgent meeting with the editor-in-chief of The Guardian over the use of antisemitic tropes in a cartoon about Richard Sharp.The newspaper removed the drawing by cartoonist Martin Rowson from The Guardian website on Saturday and apologised to the Jewish community and Mr Sharp who announced his resignation as BBC chair earlier in the week.
morepeople

Report: Microsoft plans privacy-first ChatGPT for businesses with secrets to keep

Microsoft is planning to offer a privacy-focused version of the ChatGPT chatbot to banks, health care providers, and other large organizations concerned about data leaks and regulatory compliance, according to a report from The Information.The product, which could be announced "later this quarter," would run ChatGPT on dedicated servers, separate from the ones used by other companies or other individual users using the versions of ChatGPT that Microsoft is baking into Edge, Windows, and its other products.

IBM pauses hiring around 7,800 roles that could be replaced by AI

IBM Chief Executive Officer Arvind Krishna has revealed plans to halt hiring for about 7,800 positions that could be replaced by artificial intelligence systems in the near future, according to a Bloomberg news report published Monday.Krishna said that hiring in back-office functions like human resources will be suspended or slowed, affecting roughly 26,000 non-customer-facing roles.

Guardian apologises to Richard Sharp and Jewish community over antisemitic' cartoon

The Guardian has apologised to the Jewish community and Richard Sharp after publishing a cartoon that has been described as antisemitic.The newspaper removed a drawing which depicted Mr Sharp who announced his resignation as BBC chair earlier in the week by Martin Rowson from The Guardian website, saying it did not meet our editorial standards on Saturday.
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