Earlier this year, Apple unveiled the Apple Card, a credit card issued in partnership with Goldman Sachs. Today, the company took the next logical step, announcing that Apple Card can now be used to purchase an iPhone interest-free for 24…
Google Branching Into Finance, Partnering With Citi to Offer Checking Accounts
The Wall Street Journal is reporting that Google is looking to expand into finance, with a Citi-backed checking service. Code-named “Cache,” the service is expected to roll out next year, and is just the latest in a string of efforts…
Uber Continues to Raise Tons of Money
Someone just gave Uber a bunch of money, again. Bloomberg reports that the on-demand car company has just raised $1.6 billion in convertible debt from Goldman Sachs’ wealth management clients. Bloomberg has the specifics on the deal: The bond Uber…
Square Reportedly Raises New $150M Round At $6B Valuation
There has been no official announcement so far, but according to a report from The New York Times, Square has raised a new $150 million round of funding, valuing the company at $6 billion. The report cites a person briefed…
Goldman Sachs Wants Google to Delete an Accidental Email [UPDATED]
Update: Google has reportedly complied with Goldman Sachs’ request. “Google complied with our request that it block access to the email,” said a Goldman spokeswoman“It has also notified us that the email account had not been accessed from the time…
Arcapita Bahrain US Bankruptcy Exit a 1st for US
Arcapita, an Islamic investment firm in Bahrain, emerged from US bankruptcy today under Chapter 11 rules. It is the first of the Gulf companies to do so. This move may help clarify how Western courts deal with Islamic finance, marking…
Alcoa, Bank of America, and HP Removed from Dow
Starting September 23, Alcoa, Back of America, and HP will no longer be among the 30 companies listed on the Dow Jones Industrial Average. The changes “were prompted by the low stock price of the three companies slated for removal…
J.C. Penney: $1.75B Loan Taken From Goldman Sachs
In early April, J.C. Penny CEO Ron Johnson stepped down following over one year of dismal financial results at the company. Johnson had attempted to turn the department store business on its head, eschewing sales and coupons in favor of…
Spotify Gets New Funding From Goldman Sachs, Coke [Report]
Spotify has attracted a new $100 million round of funding, valuing the company at nearly $3 billion, according to various reports. According to the New York Times’ Media Decoder, Coca-Cola is becoming a minority investor in the company as part…
Facebook Blames Nasdaq and Wants to Consolidate IPO Investor Lawsuits
The one month anniversary of Facebook’s much anticipated initial public offering is close at hand, and the social networking giant has yet to address investor concern or the countless lawsuits which have been filed against the Nasdaq, Mark Zuckerberg, or…