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Keyword: goldmansachs

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  • Goldman Sachs Executive Who Profited Off Housing Collapse Pours $200K into Joe Biden Campaign

    10/22/2020 12:14:42 AM PDT · by knighthawk · 2 replies
    Breitbart ^ | October 21 2020 | JOHN BINDER
    The former Goldman Sachs executive who helped one of the biggest banks profit off the nation’s housing collapse in 2008 is pouring hundreds of thousands of dollars into Democrat presidential candidate Joe Biden and Sen. Kamala Harris’s (D-CA) campaign. Donald Mullen Jr., as first noted by the Washington Free Beacon, gave $200,000 to the Biden Victory Fund in August. Mullen was a key architect of the “Big Short” scheme that allowed Goldman Sachs to profit from the housing collapse. New York Magazine detailed the scheme:
  • Goldman now sees a 35% jump in Q3 GDP, much higher than the rest of Wall Street

    09/11/2020 3:10:10 AM PDT · by RoosterRedux · 18 replies
    CNBC ^ | Patti Domm
    Goldman Sachs economists said they see third quarter GDP growth tracking at 35%, driven in large part by the surprising strength of consumer spending. Goldman said its tracking forecast is now 14 percentage points ahead of the Wall Street consensus, and it sees the consumer contributing 12 points of that gap. “Following the sharp rise in spending in late spring and early summer, the virus resurgence and the surprise fiscal tightening threatened a reversal. But spending instead rose strongly in July, and four high-frequency measures indicate a further 1-2% increase in real spending in August,” the economists wrote. They said...
  • Warren Buffett confuses Wall Street as he buys gold, sells Goldman Sachs

    08/18/2020 8:45:37 AM PDT · by Red Badger · 56 replies
    NY Post ^ | August 17, 2020 | 4:22pm | By Thornton McEnery
    Warren Buffett has given up his long-held conviction against buying gold — and he’s meanwhile getting out of Goldman Sachs. The totemic tycoon revealed in filings late last week that he has scooped up more than 20 million shares of mining giant Barrick Gold Corp. even as he unloaded nearly all of his nearly 2 million shares in Goldman Sachs. The 89-year-old investing icon’s sudden embrace of the precious yellow metal — which has has previously derided as “useless,” saying that “anyone watching from Mars would be scratching their head” at the idea of investing in it — took many...
  • Kushner tasked with overhauling Republican party platform ahead of election

    05/25/2020 10:46:09 AM PDT · by knighthawk · 38 replies
    NY Post ^ | May 25 2020 | Emily Jacobs
    White House senior adviser Jared Kushner has been overseeing a major attempt to overhaul the Republican party platform ahead of the 2020 election, according to a report. The effort is being led by Trump campaign adviser Bill Stepien in tandem with the Republican National Committee, with all involved reporting back to Kushner with any developments, according to Axios. Work on changes to the platform have been underway for six months.
  • Why Sweden’s relaxed stance toward coronavirus will be difficult to replicate elsewhere, Goldman Sachs analysts say

    05/05/2020 10:41:59 AM PDT · by SeekAndFind · 25 replies
    Market Watch ^ | 05/05/2020 | By Steve Goldstein
    Sweden has employed one of the loosest restrictions to the coronavirus.Unlike its European neighbors, there was no lockdown, bars, restaurants are open, as are hairdressers and gyms. Sweden’s economic activity appears to be stronger than neighboring countries. The results haven’t been terrible, though Sweden does have high-profile critics, including U.S. President Donald Trump, who tweeted that the fatalities were lower in neighboring Scandinavian countries. While Trump is right, Sweden’s number of deaths per million residents is lower than other European countries including Spain, Italy and the U.K. (At 243, according to Deutsche Bank-compiled figures, Sweden’s deaths per million residents is...
  • News Summary=Intelligence Report Friday 4/3/2020 Newsdump Friday

    04/03/2020 9:07:52 PM PDT · by Nextrush · 1 replies
    Nextrush Free ^ | 4/3/2020 | Nextrush/Self
    Details have been reported on last night's meeting in Emmett, Idaho called by Ammon Bundy in response to government restrictions related to Covid-19. Bundy says that state officials are "exploiting" the situation and violating the Bill of Rights of the US Constitution... The unemployment rate in the US moving up to 4.4 percent last month from the record low of 3.5 percent..... Russia now says that it is in communication with other countries in response to Saudi Arabia's call for an OPEC+ meeting involving oil producing nations.... A firing in Washington tonight related to last year's impeachment process against President...
  • Goldman Sachs Sees Zero US Economic Growth As The Coronavirus Spreads

    03/16/2020 6:35:01 AM PDT · by Enlightened1 · 16 replies
    CNBC ^ | 03/16/20 | Fred Imbert and Pippa Stevens
    Goldman Sachs on Sunday downgraded its outlook for the economy in the first two quarters of 2020 as the coronavirus zaps all growth from the U.S.Jan Hatzius, Goldman’s chief economist, lowered his first-quarter GDP growth forecast to zero from 0.7%. The economist also sees a 5% contraction in the second quarter, followed by a sharp snapback for the remainder of the year.  “We expect US economic activity to contract sharply in the remainder of March and throughout April as virus fears lead consumers and businesses to continue to cut back on spending such as travel, entertainment, and restaurant meals,” Hatzius...
  • Former Goldman Sachs chief: It would be 'harder to vote for Bernie than for Trump'

    02/21/2020 1:27:47 PM PST · by karpov · 13 replies
    The Hill ^ | February 21, 2020 | Sylvan Lane
    Former Goldman Sachs chief executive Lloyd Blankfein said he may vote for President Trump over Sen. Bernie Sanders (I-Vt.) if the progressive firebrand wins the party’s 2020 presidential nomination. “I think I might find it harder to vote for Bernie than for Trump,” Blankfein told the Financial Times in an interview published Friday. “The Democrats would be working very hard to find someone who is as divisive as Trump. But with Bernie, they would have succeeded.” Sanders frequently argues that billionaires “should not exist” while millions of Americans struggle to afford basic human needs. Blankfein compared Sanders’s rebuke of billionaires...
  • Ex-Goldman Sachs CEO rips Bernie Sanders: He’ll ruin our economy and doesn’t care about our military

    02/12/2020 7:08:59 AM PST · by C19fan · 17 replies
    CNBC ^ | `February 12, 2020 | Elliott Smith
    Former Goldman Sachs CEO and Chairman Lloyd Blankfein has said Russia should back Bernie Sanders for president in order to “best screw up the U.S.” Following his win in the New Hampshire primary last night, Sanders has emerged as the front-runner for the Democratic nomination to face President Donald Trump in November’s election. In a rare outburst on Twitter, Blankfein suggested that Sanders becoming the nominee would mean “the Russians will have to reconsider who to work for to best screw up the U.S.”
  • Goldman Gets Half Woke. The firm will boycott companies with all-male boards—in some places.

    01/24/2020 6:34:42 PM PST · by karpov · 22 replies
    Wall Street Journal ^ | January 24, 2020
    Goldman Sachs CEO David Solomon demonstrated his social enlightenment in Davos this week by announcing that the white-shoe investment bank would no longer help companies with exclusively white, male boards go public—as long as its boycott doesn’t hurt business too much. “Starting on July 1 in the U.S. and Europe, we’re not going to take a company public unless there’s at least one diverse board candidate, with a focus on women,” Mr. Solomon said on CNBC Thursday. “We might miss some business, but in the long run, this I think is the best advice for companies that want to drive...
  • Goldman To Stop Financing IPOs For Companies With Only white Male Boardmembers

    01/24/2020 5:53:24 AM PST · by Enlightened1 · 39 replies
    The Hill ^ | 01/23/20 | SYLVAN LANE
    Goldman Sachs CEO David Solomon said Thursday that the powerful investment bank will only finance initial public offerings (IPOs) for companies that have at least one nonwhite male board member.Solomon said during a Thursday interview with CNBC that as of July 1 in the U.S. and Europe, Goldman “is not going to take a company public unless there is at least one diverse board candidate, with a focus on women.”“Diversity on boards is a very very important issue, and we've been very very focused on it and so we're trying to find ways to encourage that,” Solomon told CNBC’s “Squawk Box” at...
  • Goldman to stop financing IPOs for companies with only white male boardmembers

    01/23/2020 11:35:07 AM PST · by karpov · 81 replies
    The Hill ^ | January 23, 2020 | Sylvan Lane
    Goldman Sachs CEO David Solomon said Thursday that the powerful investment bank will only finance initial public offerings (IPOs) for companies that have at least one nonwhite male board member. Solomon said during a Thursday interview with CNBC that as of July 1 in the U.S. and Europe, Goldman “is not going to take a company public unless there is at least one diverse board candidate, with a focus on women.” “Diversity on boards is a very very important issue, and we've been very very focused on it and so we're trying to find ways to encourage that,” Solomon told...
  • A Goldman Sachs client poll finds 87% expect Trump to win the next election

    01/17/2020 8:13:17 AM PST · by Hojczyk · 10 replies
    Business Insider Australia ^ | JAN 17, 2020, 10:01 PM | THERON MOHAMED
    Goldman Sachs surveyed dozens of its clients and found that 87% expect President Trump to win the election this year. The bank’s strategists polled attendees at a conference this week and received an average of 160 responses to their questions. Only 5% of respondents expect a US recession this year, 45% expect a bear market in 2021, and 67% expect the Federal Reserve to hold interest rates steady this year. The banking titan’s investment researchers polled attendees of its Global Strategy Conference in London this week, garnering an average of 160 responses to each of their questions. Asked whether Trump...
  • Climate of Investment Fear: Insurers and banks bow to progressives and divest from fossil fuels.

    01/07/2020 6:27:17 PM PST · by karpov · 22 replies
    Wall Street Journal ^ | January 6, 2020
    Climate crusaders are failing to persuade voters to limit fossil fuels, but they’re turning to coercion by other means. They’re having some success with U.S. banks and insurers that are caving to pressure to divest from carbon energy. The Hartford insurance group last month announced it will no longer insure or invest in companies that generate more than 25% of their revenues from coal mining or more than 25% of their energy from coal. It will also black-list companies that generate more than a quarter of their revenues from drilling in Canada’s Alberta oil sands. “As an insurer and asset...
  • Malaysia rejects ‘less than $2bn’ compensation offer for 1MDB from Goldman Sachs

    11/01/2019 6:39:48 PM PDT · by ameribbean expat · 11 replies
    offer from Goldman Sachs over the 1 Malaysia Development Berhad fund (1MDB) scandal. The country’s prime minister ­Mahathir Mohamad, who is still demanding $7.5bn (Ł5.8bn) in compensation for losses incurred, told the Financial Times in an interview yesterday that he was not satisfied with the offer.
  • Malaysia files criminal charges against 17 Goldman Sachs executives

    08/09/2019 4:36:57 AM PDT · by csvset · 10 replies
    Reuters ^ | 9 Aug 2019 | A. Ananthalakshmi
    KUALA LUMPUR (Reuters) - Malaysia filed criminal charges on Friday against 17 current and former directors at subsidiaries of Goldman Sachs Group Inc (GS.N) following an investigation into a multi-billion-dollar corruption scandal that led to the demise of state fund 1MDB.Those charged on Friday include Richard Gnodde, chief executive of Goldman Sachs International, Michael Evans, president of Alibaba Group Holding Ltd (BABA.N) and a former director at Goldman Sachs (Asia) LLC, and Michael Sherwood, former vice chairman of Goldman Sachs Group.The U.S. Department of Justice is investigating the bank for its role as underwriter and arranger of the bond offer....
  • New York City Credit Program Aims to Help Female Entrepreneurs (credit lines up to $100K)

    11/21/2019 5:46:03 AM PST · by karpov · 16 replies
    WSJ ^ | November 13, 2019 | Kate King
    Female entrepreneurs are more likely than their male counterparts to see their loan applications rejected or underfunded, and New York City is launching a program to close the gap. The Department of Small Business Services’ $5 million program will offer lines of credit up to $100,000 at about 12% interest to women-owned businesses, said Gregg Bishop, commissioner of the department. Entrepreneurs with credit scores of at least 620 who have been in business a year or longer and earn $50,000 or more in annual revenue can apply. The department surveyed more than 1,600 entrepreneurs in New York City for a...
  • Goldman downgrades Twitter, slashes price target all the way to $34 from $52

    10/24/2019 10:04:23 AM PDT · by LesbianThespianGymnasticMidget · 13 replies
    CNBC ^ | October 24, 2019 | Maggie Fitzgerald
    Goldman Sachs downgraded Twitter on the back of the social media company’s dismal earnings performance on Thursday. The firm downgraded the stock to neutral from buy and slashed its price target to $34 from $52. Goldman also lowered its 2019, 2020 and 2021 earnings estimates to “reflect the company’s advertising issues.” “Although we continue to see significant and growing value in the platform evidenced by broad-based, accelerating DAU growth, the lack of visibility into the remediation of the advertising platform, uncertainty around Twitter’s ability to drive broader advertiser demand, and the risk of further multiple compression drive us to lower...
  • Anti-Trump Republican Launching Independent Presidential Bid [Evan McMullin]

    08/08/2016 5:59:23 AM PDT · by C19fan · 90 replies
    BuzzFeed ^ | August 8, 2016 | McKay Coppins
    Key players in GOP’s anti-Trump movement are preparing to launch an independent presidential campaign for Evan McMullin — a CIA veteran and the chief policy director of the House Republican conference — sources close to the effort told BuzzFeed News. Veteran Republican strategist Rick Wilson, a Florida-based media consultant and outspoken Trump critic, is expected to be involved in McMullin’s campaign. Sources said Wilson was in Washington on Sunday meeting with members of McMullin’s prospective campaign — which includes some who were involved in a group called Better for America, which has been pushing an independent presidential bid.
  • Goldman Sachs Analysis: Good Grief, Trump Might Be Serious About China

    09/15/2019 3:21:00 PM PDT · by Texas Fossil · 11 replies
    The Conservative Treehouse ^ | September 15, 2019 by sundance | Sundance
    This is funny in so many ways; especially for CTH readers who have a far better-than-ordinary understanding of the big picture Trump goals around China.(1) CNBC tweeted this story last night (note the date/time). (2) It is written exclusively from the perspective of the Goldman Sachs analysts who represent the U.S. multinational position. (3) However, the article was actually written on May 12, 13, 2019.What is funny about CNBC pushing this story, NOW, is how the claims within the CNBC story can be fact checked; and their predictions are, well, absurd (especially in hindsight).   Keep in mind this was written...