Goldman Sachs

Goldman Sachs: AI’s GDP Impact Could Be Bigger Than Electricity
Goldman Sachs: AI’s GDP Impact Could Be Bigger Than Electricity
August 03, 2023  |  artificial intelligence

Could the impact of artificial intelligence (AI) on the economy eclipse that of electricity? It’s possible, according to a recent report by Goldman Sachs Economics Research that...

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Apple Card’s Savings Account Surpasses $10 Billion Milestone
Apple Card’s Savings Account Surpasses $10 Billion Milestone
August 02, 2023  |  Apple

Since the launch of the Apple Card’s Savings account, powered by Goldman Sachs, in April, over $10 billion in deposits have been made by users. In addition...

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Banks’ Cautious Approach to Generative AI Is More Internal Than Customer-Facing
Banks’ Cautious Approach to Generative AI Is More Internal Than Customer-Facing
July 25, 2023  |  artificial intelligence

Generative artificial intelligence (AI) has quickly become one of the most important topics of our time, and global banks are beginning to explore the possibilities...

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CE 100 Index Up 0.5% as Tesla and Tencent Declines Blunt Olo, Goldman Surges 
CE 100 Index Up 0.5% as Tesla and Tencent Declines Blunt Olo, Goldman Surges 
July 24, 2023  |  Connected Economy

Earnings season has just started — and for the companies forging new paths to commerce and payments, the quarterly report card gives a glimpse into...

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As Goldman Retreats From Retail, Consumer Loan Charge-Offs Hit 5.8%
As Goldman Retreats From Retail, Consumer Loan Charge-Offs Hit 5.8%
July 19, 2023  |  Earnings

Goldman Sachs’ retreat from Main Street banking continues — and the second quarter results showed the lingering impact. While Wall Street may be parsing the...

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Regional Banks Face ‘Challenging’ Outlook as Deposits Dwindle
Regional Banks Face ‘Challenging’ Outlook as Deposits Dwindle
July 17, 2023  |  Banking

Regional banks are set to report earnings this week, and the news may not be good. As Bloomberg News noted in a report Monday, some of these...

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Cash-Strapped Tech Startups Seek Acquisitions to Stay Afloat
Cash-Strapped Tech Startups Seek Acquisitions to Stay Afloat
July 14, 2023  |  Acquisitions

Cash-strapped tech startups facing a financing crunch are increasingly seeking to sell themselves to larger companies, launching a wave of takeovers of popular artificial intelligence...

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Report: Goldman Sachs Completes $1 Billion Loan Sale to Varde
Report: Goldman Sachs Completes $1 Billion Loan Sale to Varde
July 13, 2023  |  Loans

Goldman Sachs has reportedly completed a $1 billion loan sale to the investment firm Varde as part of its plans to exit from its Marcus consumer loan business. Varde bought...

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Connected Cars Promise US Drivers Convenience, Payments Efficiency This Holiday
Connected Cars Promise US Drivers Convenience, Payments Efficiency This Holiday
July 04, 2023  |  Connected Economy

According to estimates from the American Automobile Association (AAA), a record number of Americans — 43.2 million people — are expected to be traveling by...

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