Latest Goldman Sachs Group Inc News

Alcoa, Goldman Sachs rise; Duck Creek, Corsair Gaming fall

Oct. 15, 2021 16:47 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Goldman Sachs Inc., up $14.87 to $406.07. The investment bank's earnings jumped 60% as corporate deals surged this summer, bringing in millions in fees. ...

Goldman Sachs' profits jump 60% helped by deal-making frenzy

Oct. 15, 2021 10:34 AM EDT

NEW YORK (AP) — Goldman Sachs' profits jumped 60% in the third quarter, as the deal-making bonanza that dominated financial markets this summer brought in hundreds of millions of dollars in fee revenue for the investment bank. The New York-based firm said Friday that...

Biden tries to tame inflation by having LA port open 24/7

Oct. 13, 2021 22:33 PM EDT

WASHINGTON (AP) — President Joe Biden tried to reassure Americans on Wednesday that he can tame high inflation, announcing a deal to expand operations at the Port of Los Angeles as prices keep climbing and container ships wait to dock in a traffic jam threatening the U.S. economy and...

JPMorgan's 3Q profits rise, but low rates weigh on revenue

Oct. 13, 2021 13:05 PM EDT

NEW YORK (AP) — JPMorgan Chase posted a 24% jump in third-quarter profits on Wednesday, largely driven by one-time items that boosted its results, as the bank struggled to grow revenues with interest rates at near-zero levels. Despite the slow revenue growth, the bank...

Fed watchdog to investigate officials' financial trades

Oct. 04, 2021 20:39 PM EDT

WASHINGTON (AP) — An independent investigator will look into whether Federal Reserve officials broke the law with financial trades last year that have come under congressional scrutiny and sharp criticism from outside the central bank. The Federal Reserve’s Office of...

Media company Ozy is shutting down as problems mount

Oct. 01, 2021 18:38 PM EDT

Ozy is shutting down less than a week after a New York Times column raised questions about the media organization's claims of millions of viewers and readers, while also pointing out a potential case of securities fraud. The story triggered canceled shows, an internal...

Marc Lasry, chairman of embattled media org Ozy, resigns

Sep. 30, 2021 19:14 PM EDT

Marc Lasry, the hedge-fund billionaire and Milwaukee Bucks co-owner who was named chairman of embattled media organization Ozy earlier this month, has resigned from its board. “I believe that going forward Ozy requires experience in areas like crisis management and...