Latest Goldman Sachs Group Inc News

Stock market today: Wall Street rises toward records after inflation finally slows

May. 15, 2024 14:16 PM EDT

NEW YORK (AP) — U.S. stocks are rising toward records Wednesday with hopes that inflation is finally heading back in the right direction after its discouraging start to the year. The S&P 500 was 1% higher in afternoon trading and above its all-time high set at the end of...

Goldman Sachs BDC: Q1 Earnings Snapshot

May. 07, 2024 18:19 PM EDT

NEW YORK (AP) — NEW YORK (AP) — Goldman Sachs BDC Inc. (GSBD) on Tuesday reported first-quarter earnings of $42.5 million. The New York-based company said it had net income of 39 cents per share. Earnings, adjusted for one-time gains and costs, came to 54 cents per share. ...

Campaign to build new California city submits signatures to get on November ballot

Apr. 30, 2024 20:02 PM EDT

SAN FRANCISCO (AP) — A wealthy Silicon Valley-backed campaign to build a green city for up to 400,000 people in the San Francisco Bay Area has submitted what it says are enough signatures to qualify the initiative for the November election. The campaign submitted more than 20,000...

M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024

Apr. 15, 2024 16:20 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday: Medial Properties Trust Inc., up 75 cents to $4.74. The health care facilities owner is selling a majority interest in five Utah hospitals for about $1.1 billion. ...

A strong quarter for Wall Street lifts Goldman's first-quarter results

Apr. 15, 2024 11:16 AM EDT

NEW YORK (AP) — Goldman Sachs said it saw a double digit rise in its first quarter profits on Monday, lifted broadly by the stock and bond markets' performances in the first months of the year. The strong quarter comes after Goldman struggled most of 2023 as higher interest rates...

Goldman: Q1 Earnings Snapshot

Apr. 15, 2024 07:32 AM EDT

NEW YORK (AP) — NEW YORK (AP) — Goldman Sachs Group Inc. (GS) on Monday reported first-quarter net income of $4.13 billion. The New York-based company said it had earnings of $11.58 per share. The results topped Wall Street expectations. The average estimate of...

Mnuchin’s interest in TikTok and distressed NY bank echoes his pre-Trump investment playbook

Mar. 16, 2024 10:53 AM EDT

NEW YORK (AP) — It seems like a bizarre mishmash: A former Trump cabinet official is saying he wants to buy TikTok just days after leading a group that pumped $1 billion into a beaten-down bank. But it all actually fits in with the complicated career of Steven Mnuchin. The man who...

A billionaire-backed campaign for a new California city is off to a bumpy start. Again

Feb. 29, 2024 20:34 PM EST

SAN FRANCISCO (AP) — After two false starts, the billionaires behind a plan to build an eco-friendly city from scratch are behind schedule to put their proposal before California voters this November. Former Goldman Sachs trader Jan Sramek unveiled his closely guarded ballot...

Amazon joins 29 other 'blue chip' companies in the Dow Jones Industrial Average

Feb. 26, 2024 07:22 AM EST

Amazon.com Inc. is joining the ranks of one of Wall Street's oldest and most exclusive stock indexes: The Dow Jones Industrial Average. The e-commerce pioneer will officially take its position among the 30-company Dow before the open of trading Monday, replacing drugstore operator...