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Is Bitcoin The New Gold? Goldman Sachs Doesn't Think So
Tuesday, October 17, 2017 - 9:58am | 474Goldman Sachs Group Inc (NYSE: GS)'s CEO Lloyd Blankfein said in early October that he has "no conclusion" on bitcoin's prospect and isn't ready to endorse or reject the digital currency. The executive's personal view of bitcoin remains unknown and may not change after...
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How Wall Street's Head Honchos Feel About Cryptocurrency
Monday, October 16, 2017 - 3:04pm | 907Cryptocurrency has become the "in thing," with people going gaga over digital currencies. What other explanation can be offered for the record surge in bitcoin, the widely used form of cryptocurrency? Released in 2009 as an open-source software, bitcoin's value has gone through the...
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A Guide To Who Loves And Hates Cryptocurrency
Thursday, October 5, 2017 - 11:18am | 770Bitcoin, Ethereum and other cryptocurrencies have been some of the hottest investments in the world in recent years. This year alone, the Bitcoin Investment Trust (OTC: GBTC) is up more than 476 percent. But while some investors are going all in on cryptocurrency as the future of payments, other...
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As Goldman Sachs Loses Prestige On Wall Street, Lloyd Blankfein Takes Time To Troll Trump On Twitter
Tuesday, August 22, 2017 - 11:03am | 498Shares of Goldman Sachs Group Inc (NYSE: GS) are lower by nearly 7 percent since the start of 2017. The bank's recent earnings report even prompted analysts at UBS to downgrade Goldman's stock rating from Buy to Neutral with a price target of $225, which implies close to zero upside from...
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Lloyd Blankfein Loves To Tweet
Tuesday, June 20, 2017 - 9:26am | 418Goldman Sachs Group Inc (NYSE: GS) CEO Lloyd Blankfein joined Twitter Inc (NYSE: TWTR) in June 2011 but had been pretty quiet on the platform -- until a few weeks ago. On June 1, 2017, Blankfein Tweeted for the first time ever on President Trump's decision to withdraw from the Paris climate...
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White House Says The Paris Climate Accord Hurt American Businesses; Do American Businesses Agree?
Friday, June 2, 2017 - 10:29am | 1731It doesn't seem so. In fact, President Donald Trump's decision to withdraw Thursday prompted instant activism or, in many cases, slacktivism by corporate dissenters. Tesla Inc (NASDAQ: TSLA) CEO Elon Musk resigned from three presidential councils in protest, abandoning his previous influence-by-...
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Goldman Sachs Falls After Q1 Miss
Tuesday, April 18, 2017 - 8:31am | 467Shares of Goldman Sachs Group Inc (NYSE: GS) were trading lower by around 3 percent early Tuesday morning after the company reported its first quarter results. Goldman Sachs said it earned $5.15 per share in the quarter on revenue of $8.03 billion; Analysts were expecting the company to earn $5.31...
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What Happens When Some Of The Biggest Names In Finance Gather For Dinner? They Talk About Trump
Tuesday, March 7, 2017 - 4:32pm | 314Barry Sternlicht, the chairman and CEO of the global investment firm Starwood Capital Group was a guest on CNBC Tuesday and talked about Monday night's dinner. Normally listening to someone's dinner plans from the prior night isn't of much interest - but Sternlicht was joined with...
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Goldman Sachs, Citigroup Wrap Up Big Bank Q4 Earnings
Wednesday, January 18, 2017 - 9:17am | 324Last week saw earnings reports from many major banks, while Morgan Stanley kicked things off on Tuesday. A couple more of the big banks reported their earnings Wednesday morning. Goldman Sachs Goldman Sachs Group Inc (NYSE: GS) reported that it earned $5.08 per share in the fourth quarter...
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Goldman Sachs Returns To Its Roots With $1 Accounts
Friday, July 1, 2016 - 2:58pm | 290Goldman Sachs Group Inc (NYSE: GS) has for over a century been associated with uber-wealthy investors and corporate titans, handling exclusively deals with astronomical values. With such a reputation, the introduction of GS Bank, which accepts deposits as low as $1, may seem counter-intuitive. Seen...
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Lloyd Blankfein On Brexit: We Respect This Outcome
Friday, June 24, 2016 - 7:56am | 292Business Insider obtained a copy of an internal memo Goldman Sachs Group Inc (NYSE: GS) CEO Lloyd Blankfein sent to all of his employees. Blankfein began his memo by stating he will "respect" the Brexit vote outcome and has the bank has been working hard and planning for both voting...
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Flipping Burgers At Harvard Taught This Fintech Founder How To Run His Multi-Billion Dollar Company
Monday, June 6, 2016 - 12:52pm | 725Some towering figures in finance and technology got their start behind the grill -- Jeff Bezos and Lloyd Blankfein slang burgers and hot dogs, respectively. Jon Stein, CEO of Betterment, was above such ignoble pursuits, however. Just kidding: his first real job was managing a group of burger...
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The 10 Best CEOs In America
Thursday, June 11, 2015 - 8:10am | 417Career service website Glassdoor just released its annual Employees’ Choice Awards, which includes a list of the top American CEOs based on input from employees. Glassdoor leaves the survey open year-round and asks employees “whether they approve or disapprove of how their CEO is...
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Jamie Dimon's Defense Against Breaking Up JPMorgan Chase
Wednesday, January 21, 2015 - 4:51pm | 393Goldman Sachs Group Inc (NYSE: GS) recently released a report in which analysts argued that JPMorgan Chase & Co. (NYSE: JPM) would be worth a lot more if broken up than it is worth in its present state. Jamie Dimon, JPMorgan president and CEO, was on CNBC Wednesday arguing why it doesn’...
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What Lloyd Blankfein Had To Say About The JPMorgan Chase Split Idea
Wednesday, January 7, 2015 - 1:24pm | 402With the Fed putting regulatory pressure and tightening its noose on the biggest names in banking, the Street is rife with speculation that some of the "too big to fail" banks would split up into separate entities. The research arm of Goldman Sachs Group Inc (NYSE: GS) recently...