Goldman Sachs, a major player in the financial world, is making a bold move into the sports industry. They've just bought a big chunk of Excel Sports Management, the agency behind stars like Tiger Woods and Caitlin Clark. This deal is worth almost $1 billion, showing just how serious Goldman is abou
The US economy is facing a tough time. The chances of a recession have gone up because of rising tariffs. This is not good news for anyone. A big bank, Goldman Sachs, thinks there is now a 35% chance of a recession in the next year. This is a big jump from the 20% chance they thought a few months ag
Ralph Lauren's stock is getting a boost from Goldman Sachs. They've upgraded it from neutral to buy. This means they think it's a good time to invest. The bank's analyst, Brooke Roach, thinks the company is ready for any short-term problems from tariffs. She also thinks the stock has dropped too muc
Minnesota's rural small business owners are about to get a significant boost, thanks to Goldman Sachs. The financial giant has launched its 10,000 Small Businesses program, aiming to help small businesses grow and thrive. St. Cloud is hosting the kickoff event this Friday, where 32 lucky entrepreneu
The old Goldman Sachs headquarters, a stone's throw from the New York Stock Exchange, has undergone a transformation from a dated office building to a luxurious residential complex. The 36-story skyscraper, located at 55 Broad Street, has been converted into 571 apartments, ranging from studios to t
In the world of finance, a common assumption is that technology stocks thrive in an environment of low interest rates. This notion is rooted in the idea that tech companies often promise future profits in exchange for present-day funding, making them more attractive to investors when returns are low
Good morning, readers! Here's what you need to know today: Goldman Sachs believes a Kamala Harris presidency, with a Democratic-controlled House and Senate, is the best-case scenario for the economy. Nvidia stock is experiencing a turbulent week, with its founder Jensen Huang losing $10 billion du
The world of finance is abuzz with the news that Morgan Stanley, one of the largest wealth management firms, is now allowing its 15,000 financial advisors to offer bitcoin ETFs to select clients. This move marks a significant shift in the adoption of bitcoin by mainstream finance, and raises importa
The first presidential debate between Kamala Harris and Donald Trump was filled with memorable moments, but one exchange stood out for its economic significance. When asked about the state of the American economy, Harris and Trump engaged in a heated discussion, with Harris highlighting the flaws in
Goldman Sachs is warning of a $400M writeoff, but is it a wake-up call for the bank or just a speed bump? The storied investment bank is expecting a 10% decline in trading revenue due to tough fixed-income conditions and year-over-year comparisons. But what's behind this unexpected hit? Was it a has
