Latest Goldman Sachs Group Inc News

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...

Stock market today: Wall Street pulls back from its record after a shaky day

Mar. 08, 2024 17:11 PM EST

NEW YORK (AP) — Wall Street pulled back from its record Friday after a shaky day of trading, putting at least a temporary halt to its huge rally since Halloween. The S&P 500 fell 0.7% from its all-time high set a day before. It initially climbed after mixed data on the U.S. job...

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...

Turkey's new central bank chief assures that work to combat inflation will press on

Feb. 08, 2024 06:48 AM EST

ANKARA, Turkey (AP) — The work to tame inflation in Turkey — namely through interest rate hikes — will continue “with determination,” the country’s new central bank chief said Thursday, offering some certainty about efforts to right the battered economy following his precedessor's...

Turkey has another new central bank leader. Here's what it means for the battered economy

Feb. 05, 2024 10:44 AM EST

ISTANBUL (AP) — Turkey has seen its fifth central bank leader depart in as many years as Hafize Gaye Erkan, the first woman in the top role, stepped down after just eight months in the job. She announced her resignation late Friday after recent claims of nepotism emerged in local...

Billionaire backers of new California city seek voter approval after stealthily snapping up farmland

Jan. 18, 2024 17:33 PM EST

RIO VISTA, Calif. (AP) — After years of secretly snapping up farmland for a new city northeast of San Francisco, the CEO of a company backed by Silicon Valley billionaires pitched voters Wednesday on his vision for a walkable, affordable community that would appeal to their California pride. ...

Stock market today: Asian shares mostly fall after Wall Street drop, Tokyo hits new 34-year high

Jan. 16, 2024 22:03 PM EST

TOKYO (AP) — Asian shares were trading mostly lower Wednesday after a decline overnight on Wall Street, while Tokyo's main benchmark momentarily hit another 30-year high. Japan's benchmark Nikkei 225 gained 0.9% in morning trading to 35,935.59. The Nikkei has been hitting new...

FB Financial, Restaurant Brands fall; Synopsys, InterDigital rise, Tuesday, 1/16/2024

Jan. 16, 2024 16:14 PM EST

NEW YORK (AP) — Stocks that are trading heavily or have substantial price changes on Tuesday: PNC Financial Services Group Inc., up 10 cents to $149.02. The bank's fourth-quarter earnings fell short of Wall Street forecasts, but it reported encouraging revenue. ...

Goldman Sachs 4Q profits jump 51%, but full year reflects difficult period for the bank

Jan. 16, 2024 11:57 AM EST

NEW YORK (AP) — Goldman Sachs' profits jumped 51% from a year earlier, the investment bank said Tuesday, helped by the strong returns in the overall market and its wealth management division in the last three months of the year. However the storied investment bank closed out a...