Goldman Sachs News

Gartner has joined the growing chorus of companies, institutions, and investors warning that artificial intelligence may never realize the promise its prop...

Elliot Management: AI Is ‘Overhyped’ With ‘Few Real Uses’

Hedge fund Elliot Management is the latest financial firm to throw cold water on the AI, saying it is driving a "bubble."...

Goldman Sachs: ‘Limited Economic Upside From AI’

Goldman Sachs is throwing cold water on the artificial intelligence industry, saying its ability to solve problems doesn't justify its cost....

Apple Card a Major Factor in Goldman Sachs Q2 $667 Million Loss

The Apple Card is the gift that keeps on giving — and not in a good way — for Goldman Sachs, contributing to a $667 million Q2 loss....

Goldman Sachs Looking to Exit the Apple Card, Offload to American Express

Goldman Sachs is looking to exit the Apple Card and savings account business, and is reportedly in talks to offload it to American Express....

Apple Expands Carbon Removal ‘Restore Fund’

Apple has expanded its Restore Fund, a program the company first unveiled in 2021 to fight climate change via carbon removal projects....

Goldman Sachs to Begin Layoffs This Week

After weeks of rumors and anticipation, Goldman Sachs will begin laying off thousands of workers this week....

Goldman Sachs to Lay Off Up to 8% of Its Employees

Goldman Sachs is the latest company turning to layoffs to weather the economic downturn, reportedly looking to cut up to 8% of its staff....

Alphabet Is Blockchain’s Biggest Corporate Investor

Alphabet is the biggest corporate investor in blockchain and crypto technology among the top 100 public companies over the last ten months....

Goldman Sachs Is Pulling Out of Russia

Goldman Sachs has become the first major Wall Street bank to announce it is pulling out of Russia. Com...

Reddit’s WallStreetBets Schools Wall Street

Wall Street may be the “experts” in the stock market, but analysts are increasingly looking to Reddit’s WallStreetBets for info....

Apple Announces $200 Million ‘Restore Fund’ to Remove Atmospheric Carbon

Apple and its partners have launched a $200 million “Restore Fund” aimed at removing carbon from the atmosphere. Apple has been working for yea...

Goldman Sachs Warns of Rising EV Battery Costs

Goldman Sachs is warning that electric vehicle makers will face rising battery costs, thanks to increased popularity. Automakers around the wor...

Goldman Sachs Cleared in Apple Card Discrimination Investigation

New York's Department of Financial Services has cleared Goldman Sachs, concluding it was not guilty of any violations in how it handled Apple Card...

Goldman Sachs: Microsoft Could Climb 38%

Goldman Sachs has added Microsoft to its “Conviction List,” touting “sustained double-digit" revenue growth. Microsoft is currently the second-...

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