Posts filtered by tags: Goldman Sachs[x]


 

How Blue Apron Became a Massive $2 Billion Disaster

An anonymous reader quotes a report from Observer: If you like to cook but not to shop or plan your own meals, and if you weren't too hungry, and if you didn't like cooking for too many friends, then Blue Apron -- the startup delivering precisely measured, prepackaged amounts of just enough salmon, green beans, butter and lemon for one meal, no leftovers -- was for you. Exactly who it was that was both upwardly mobile to pay for this service while also having a barren kitchen, nobody really knew...
Tags: Amazon, California, Tech, Blue Apron, Fidelity, Silicon Valley, Goldman Sachs, Jeff Bezos, ARLINGTON Texas, New York Assembly, Amazon Read


Gaming-focused investment firm Bitkraft closes in on at least $140 million for its second fund

Esports, video games and the innovations that enable them now occupy a central space in the cultural and commercial fabric of the tech world. For the investment firm Bitkraft Esports Ventures, the surge in interest means a vast opportunity to invest in the businesses that continue to reshape entertainment and develop technologies which have implications far beyond consoles and controllers. Increasingly, investors are willing to come along for the ride. The firm, which launched its first fund in ...
Tags: TC, New York, Money, Finance, Tech, Spokesperson, Economy, United States, Venture Capital, Virtual Reality, Ibm, Goldman Sachs, Dell, Driver, Goldman, Esports


Leaked memo: Crux Informatics, a data startup backed by Goldman Sachs and Two Sigma, is warning its ex-employees not to talk to reporters

Crux Informatics, which raised tens of millions from Goldman Sachs, Two Sigma, and Citi, has overhauled its executive and technology teams since it was founded in last 2017, as outlined in a recent article by Business Insider. After the article ran, Crux sent a memo to former Crux employees who had signed severance agreements telling them that the startup "will not hesitate to enforce its legal remedies" if former employees share non-public information or disparage the company.  Binding non-di...
Tags: California, San Francisco, Trends, Goldman Sachs, WeWork, Citi, Crux, Two Sigma, Crux Informatics, Sigma Goldman, Goldman Sachs Two Sigma, Marie Sonde, Pablo Cerrilla


Spotlight turns to Goldman Sachs after Morgan Stanley deal

For months, the watercooler chatter around big Wall Street banks focused on whether Goldman Sachs Group Inc would finally pursue a major deal. Instead, Goldman's top rival beat it to the punch.
Tags: Money, businessNews, Goldman Sachs, Morgan Stanley, Goldman, Goldman Sachs Group Inc


Goldman Sachs warns of stock market correction

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here.
Tags: Cnn, Goldman Sachs


These specialized Africa VC funds are welcoming co-investors

For global venture capitalists still on the fence about entering Africa, a first move could be co-investing with a proven fund that’s already working in the region. Africa’s startup scene is performance-light — one and a handful of exits — but there could be greater returns for investors who get in early. For funds from Silicon Valley to Tokyo, building a portfolio and experience on the continent with those who already have expertise could be the best start. VC in Africa Africa has one of th...
Tags: Food, TC, London, Entrepreneurship, Finance, Nigeria, Africa, Tech, Economy, Smartphone, United States, South Africa, Venture Capital, Retail, Ethiopia, Zimbabwe


The best online savings accounts of 2020

Finding the right savings account can get you an extra $200 for free this year. Depending on your balance, it could make you a lot more money. Let’s say you have $10,000 to put into an online savings account. How much would that turn into at a big bank savings account? Most big banks have an APY (annual percentage yield) of 0.15% or less. After a year, your account would be worth $10,015. Not much of a gain there. I love getting money for nothing, but even I have a hard time getting excited over...
Tags: Personal Finance, Marketing, House, Barclays, Hsbc, American Express, Goldman Sachs, Federal Reserve, Robinhood, Max, Marcus, FDIC, Ramit, IWT, APY, HSBC Premier


Apple sees $45 billion in market value wiped out after warning the coronavirus will push revenue below forecasts (AAPL)

Apple shares sank as much as 3.2% early Tuesday after the company announced it will miss its fiscal second-quarter revenue expectations due to coronavirus fallout. The outbreak has "temporarily constrained" global iPhone supply and dragged on demand in China, according to a Monday press release. Work "is starting to resume around the country," Apple announced, yet its production lines "are experiencing a slower return to normal conditions than we had anticipated." The stock tumble saw Apple er...
Tags: Apple, Facebook, Hong Kong, Japan, France, China, Trends, Tesla, Bloomberg, Taiwan, Netflix, Philippines, Shanghai, Goldman Sachs, Starbucks, Foxconn


Apple sees $45 billion in market value wiped out after warning that the coronavirus will push revenue below forecasts (AAPL)

Apple shares sank as much as 3.2% early Tuesday after the company announced it would miss its fiscal second-quarter revenue expectations because of the coronavirus outbreak. The outbreak has "temporarily constrained" global iPhone supply and dragged on demand in China, Apple said in a Monday press release. Apple said that "work is starting to resume around the country" but that its production lines "are experiencing a slower return to normal conditions than we had anticipated." The stock tumbl...
Tags: Apple, Facebook, Hong Kong, Japan, France, China, Trends, Tesla, Bloomberg, Taiwan, Netflix, Philippines, Shanghai, Goldman Sachs, Starbucks, Foxconn


Apple sees $33 billion in market value wiped out after warning the coronavirus will push revenue below forecasts (AAPL)

Apple shares sank as much as 2.3% early Tuesday after the company announced it will miss its fiscal second-quarter revenue expectations due to coronavirus fallout. The outbreak has "temporarily constrained" global iPhone supply and dragged on demand in China, according to a Monday press release. Work "is starting to resume around the country," Apple announced, yet its production lines "are experiencing a slower return to normal conditions than we had anticipated." The stock tumble saw Apple er...
Tags: Apple, Facebook, Hong Kong, Japan, France, China, Trends, Tesla, Bloomberg, Taiwan, Netflix, Philippines, Shanghai, Goldman Sachs, Starbucks, Foxconn


Apple sees $43 billion in market value wiped out after warning the coronavirus will push revenue below forecasts (AAPL)

Apple shares sank as much as 3.1% early Tuesday after the company announced it will miss its fiscal second-quarter revenue expectations due to coronavirus fallout. The outbreak has "temporarily constrained" global iPhone supply and dragged on demand in China, according to a Monday press release. Work "is starting to resume around the country," Apple announced, yet its production lines "are experiencing a slower return to normal conditions than we had anticipated." The stock tumble saw Apple er...
Tags: Apple, Facebook, Hong Kong, Japan, France, China, Trends, Tesla, Bloomberg, Taiwan, Netflix, Philippines, Shanghai, Goldman Sachs, Starbucks, Foxconn


Egnyte unifies its security and productivity tooling into single platform

Egnyte announced today it was combining its two main products — Egnyte Protect and Egnyte Connect — into a single platform to help customers manage, govern and secure the data from a single set of tools. Egynte co-founder and CEO Vineet Jain says that this new single platform approach is being driven chiefly by the sheer volume of data they are seeing from customers, especially as they shift from on-prem to the cloud. “The underlying pervasive theme is that there’s a rapid acceleration of ...
Tags: Security, Startups, TC, Cloud, Storage, Enterprise, Goldman Sachs, Content Management, Compliance, Egnyte, Jain, PitchBook, Vineet Jain


Voodoo Games thrives by upending conventional product design

Will Robbins Contributor Share on Twitter Will Robbins is an early-stage investor at Contrary. Voodoo Games is one of the most interesting startups alive today. In mid-2018, it had 150 million MAUs and raised $200 million from Goldman Sachs, yet I’ve never heard anyone mention the company. That might be normal for an obscure enterprise SaaS play, but Voodoo is consumer-facing through and through. Quantitative success aside, V...
Tags: Startups, Gaming, Apps, Column, Tech, Goldman Sachs, Voodoo, Will Robbins, Voodoo Games


Lots of rich men tweet like the president now

From Goldman Sachs to Amazon to the Democratic contenders, older rich men are putting themselves out there online.
Tags: Amazon, Goldman Sachs


The Best Free Checking Accounts

Did you know that the average bank charges around $13 per month for a checking account? That’s insane. That’s almost $160 per year. Not to mention minimum balance fees, ATM fees, cashier’s check fees, debit card transaction fees, foreign transaction fees, and inactivity fees. Look, I’m not one to worry about minor expenses. But I think it’s ludicrous to spend money on something when there’s amazing options for free. You shouldn’t be spending a single dollar on your checking account. If you have ...
Tags: Personal Finance, Marketing, Bank Of America, United States, Goldman Sachs, Wells Fargo, Charles Schwab, Ally, APY, Wells Fargo Bank of America, The Harris Poll, Radius Bank, Axos Bank, Ally Bank Interest Checking When, Ally Interest Checking, Axos Bank Essentials Checking Axos Bank


Lots of Rich Men Tweet Like the President Now

From Goldman Sachs to Amazon to the Democratic contenders, older rich men are going wild online.
Tags: Amazon, Twitter, News, Social Media, Goldman Sachs, Whites, United States Politics and Government, High Net Worth Individuals, Men and Boys, Presidential Election of 2020, Your-feed-selfcare, Your-feed-internet-culture


WeWork is bringing in a new CEO as it tries to right the ship — here's everything that's going on inside the coworking giant

WeWork pulled its IPO in 2019 after mulling a massive valuation cut to drum up investor interest, and cofounder Adam Neumann was ousted as CEO and chairman. WeWork has been slashing jobs and selling or shuttering businesses.  WeWork has announced real-estate veteran Sandeep Mathrani as its new CEO, replacing Artie Minson and Sebastian Gunningham, who served as co-CEOs since Neumann was ousted. It's also seen a big board shakeup.  Marcelo Claure will stay on as chairman, according to The Wall S...
Tags: Google, New York, Mexico, Stanford, Wall Street, Softbank, Israel, US, America, San Francisco, Trends, Kanye West, Brooklyn, Aol, Italy, Brookfield


Private equity's data-hiring push; The top M&A bankers, ranked; Tradeweb's next move

  Hello, readers! Big mergers and acquisitions are team efforts. But at the very top, a battled-tested senior banker provides critical advice and connections that can determine a transaction's success or failure. Alex Morrell worked with financial data firm MergerLinks to publish our first-ever rainmakers list this week. You can see rankings for the top 20 M&A bankers for North American deals here.  Casey Sullivan wrote about how private-equity firms, long reliant on human judgment to pick inves...
Tags: Europe, Nordstrom, England, US, Trends, Netflix, Ubs, Merrill Lynch, Silicon Valley, Goldman Sachs, WeWork, Montreal, Meredith, Goldman, Blackstone, Fintech


Oracle billionaire Larry Ellison is holding a fundraiser for Donald Trump, where supporters can pay $100,000 for a golf outing and photo op with the president — and some Oracle employees are livid

Billionaire Oracle chairman Larry Ellison plans to host a fundraiser for President Donald Trump's reelection campaign, The Desert Sun's Sam Metz reported Wednesday. A group of Oracle employees launched a calling for the event's cancellation, saying, "Ellison's support of Donald Trump does not affirm Oracle's core values of diversity, inclusiveness, and ethical business conduct." Tickets for the event, which will be held on Ellison's estate in Rancho Mirage, California, cost up to $250,000, a...
Tags: Google, Home Depot, America, Trends, Tesla, Gop, Bill Gates, Larry Ellison, Peter Thiel, Marco Rubio, Warren, Silicon Valley, Goldman Sachs, Gizmodo, Donald Trump, Ellison


Tesla locks in stock surge with $2B offering at $767 per share

Tesla has priced its secondary common stock offering at $767, a 4.6% discount from Thursday’s share price close, according to a securities filing Friday. Tesla said in the filing it will sell 2.65 million shares at that discounted price to raise more than $2 billion. Lead underwriters Goldman Sachs and Morgan Stanley, have the option to buy an additional 397,500 shares in the offering. Tesla shares closed at $804 on Thursday. The share price opened lowered Friday, jumped as high at $812.97 an...
Tags: Security, Elon Musk, Cars, Tech, Tesla, Ceo, Economy, Automotive, Larry Ellison, Goldman Sachs, Stock Market, Morgan Stanley, Stock, Oracle, Hyperloop, Tesla Model S


Tradeshift cuts headcount by three figures in effort to turn towards profitability

Last month Tradeshift, a platform for supply chain payments which has achieved unicorn startups in recent years, had some good news and some bad news. It announced a Series F funding round of $240 million in equity and debt, raised from a combination of existing and new investors. It’s now raised a total of $661M since it started in 2008 and investors include Goldman Sachs, Principal Strategic Investments and Wipro Ventures among others. The new funding came, despite talk of a possible IPO last ...
Tags: Travel, TC, Europe, Microsoft, Finance, San Francisco, Unilever, Hsbc, Goldman Sachs, Computerworld, WeWork, Siemens, Financial Services, Copenhagen, DHL, Volvo


Everything we know about the massive $165 million compound Jeff Bezos reportedly just purchased, the Warner estate (AMZN)

Jeff Bezos is the new owner of the Warner estate, a sprawling compound in Beverly Hills that he purchased for $165 million, according to The Wall Street Journal.  The estate was built in 1937 by one of the founders of Warner Bros., Jack L. Warner.  It features a 13,600-square-foot mansion, two guest houses, a pool, and a tennis court.  Music and movie tycoon David Geffen was the previous owner of the estate, purchasing it in 1990 for a reported $47.5 million.  Visit Business Insider's homepag...
Tags: Amazon, New York Post, Elon Musk, Hollywood, California, Los Angeles, Trends, Spain, Larry Ellison, Michelle Obama, Beverly Hills, Manhattan, Goldman Sachs, Warner, Warner Bros, Jeff Bezos


Bernie Sanders will be good for American economy, top economist says after Goldman Sachs attack

Bernie Sanders’ economic policies would be good for the American economy, according to a new book by a renowned economist.French economist Thomas Piketty said history has many examples of extreme inequality fostering healthy social democracies. His comments come days after a former Goldman Sachs chief executive, Lloyd Blankfein, said on Twitter that Sanders would “ruin our economy.”
Tags: News, Thomas Piketty, Goldman Sachs, Lloyd Blankfein, Bernie Sanders, Sanders


'Almost a mass psychosis': Tesla's 250% stock rally makes no sense, Bob Lutz says

Bob Lutz can't explain why Tesla stock has rocketed more than 250% in six months. The former GM, Ford, and Chrysler executive said on the BBC Business Daily podcast this week that Goldman Sachs analysts are asking him if he has "any idea what the heck is going on." "Nobody can explain it," Lutz said. "It's driven purely by psychology or almost a mass psychosis." Lutz also downplayed the growth prospects of electric vehicles, arguing they'll only make up 15% of global car sales in 2030. Visit B...
Tags: Facebook, Elon Musk, Trends, General Motors, Tesla, Netflix, Gm, Chrysler, Goldman Sachs, Electric, Ralph Nader, Bob Lutz, GM Ford, Lutz, Ford Chrysler, BBC Business Daily


Oracle billionaire Larry Ellison is holding a fundraiser for Donald Trump, where supporters can pay $100,000 for a golf outing and photo op with the president

Billionaire Oracle chairman Larry Ellison will host a fundraiser for President Donald Trump's reelection campaign, The Desert Sun's Sam Metz reported Wednesday. Tickets for the event, which will be held on Ellison's estate in Rancho Mirage, California, cost up to $250,000, according to The Desert Sun. Billionaires from other industries including Home Depot cofounder Bernie Marcus and real-estate developer Stephen Ross faced public outrage and boycotts of their companies in 2019, following repo...
Tags: Google, Home Depot, America, Trends, Tesla, Gop, United States, Bill Gates, Larry Ellison, Peter Thiel, Marco Rubio, Warren, Silicon Valley, Goldman Sachs, Donald Trump, Ellison


A Group of Big Businesses is Backing a Carbon Tax. Could It Be a Solution to Climate Change?

The long list of big companies backing a carbon tax as a solution to climate change grew this week with financial giant J.P. Morgan Chase & Co. endorsing a legislative plan billed as a centrist approach to reducing emissions. The announcement comes as the Climate Leadership Council (CLC), the organization behind the proposal, which was first released in 2017, redoubles efforts to promote the plan before an expected introduction in Congress as the conversation around various climate solution...
Tags: Energy, News, Microsoft, Congress, Climate Change, Washington, Oregon, Senate, Uncategorized, West Virginia, ExxonMobil, Un, Janet Yellen, Goldman Sachs, Federal Reserve, Environmental Protection Agency


Man who helped cause 2008 financial crash suddenly very concerned about the economy

Lloyd Blankfein might sound like the name of a fictional banker villain, but he is in fact the real-life Senior Chairman  of Goldman Sachs. Prior to his current position, he served as chairman and chief executive of the infamous banking giant beginning in 2006 — just before that pesky financial crisis from which the world is still recovering. To his credit, Blankfein did apologize for his company's role as a liquidity provider for subprime mortgages. Specifically, he said, "We participated in th...
Tags: Post, News, Financial Crisis, United States, New York Times, Goldman Sachs, Lloyd Blankfein, Rich People, Financial Times, Bernie Sanders, Trump, Sanders, Blankfein, Katie Robertson, Goldman Sachs Prior, It's The Economy Stupid


'This is what panic looks like': Sanders team hits back after Wall Street criticism

Campaign responded after Lloyd Blankfein, former chief executive of Goldman Sachs, said Sanders would ‘ruin’ US economyBernie Sanders’ campaign has accused the “Wall Street elite” of panicking after one of its leading figures attacked the presidential candidate in the wake of two straight victories in the nomination process.In a Twitter post on Tuesday Lloyd Blankfein, former chief executive of Goldman Sachs, said Sanders’ election would “screw up” the US economy and delight Russia.“If Dems go o...
Tags: News, Russia, US, Hillary Clinton, New Hampshire, Iowa, Social Security, Medicare, Goldman Sachs, Medicaid, Lloyd Blankfein, Bernie Sanders, Trump, Sanders, Medicare Medicaid, Blankfein


Tesla is raising $2 billion in fresh funding — 15 days after Elon Musk said the company didn't need to (TSLA)

Tesla is seeking to raise up to $2 billion in fresh funding through a new stock offering, it said Thursday.  The new prospectus comes two weeks after CEO Elon Musk said it "doesn't make sense" to raise new money in Tesla's current condition.  Musk will buy up to $10 million of the new shares, with board member Larry Ellison buying $1 million. Visit Business Insider's homepage for more stories. Tesla said on Thursday it plans to raise $2 billion by selling shares through a public offering, jus...
Tags: Elon Musk, Trends, Tesla, Larry Ellison, TSLA, Goldman Sachs, Morgan Stanley, Oracle, Bengaluru, Musk, Societe Generale, Supantha Mukherjee, Saumyadeb Chakrabarty Join


Bernie Sanders Fires Back at James Carville: He’s a ‘Political Hack’

Days after former Clinton adviser James Carville said he was “scared to death” of Bernie Sanders capturing the Democratic presidential nomination, the Independent Vermont senator returned fire, calling the longtime Democratic operative a “political hack.”Interviewing Sanders on CNN Wednesday night, anchor Anderson Cooper noted that Carville claimed that Democratic voters weren’t interested in being in a “cult” and “socialism” and wouldn’t support a 78-year-old “screaming in a microphone about th...
Tags: News, Barack Obama, Cnn, New Hampshire, Anderson Cooper, Goldman Sachs, Donald Trump, Lloyd Blankfein, Vermont, Bernie Sanders, James, Clinton, Sanders, Democratic, Cooper, James Carville