Does anyone really believe a little populist outcry will make Goldman Sachs crawl under a rock?
Now, for a few words about finance.
When Jon Winkelried first ventured inside Goldman Sachs it was early spring of 1981, and the future co-president of the 141-year-old firm was just finishing up the fourth year of his five-year undergraduate/MBA program at the University of Chicago. He had come to New York City in the hopes of securing a summer internship, but the firm's hallways felt alien to him. While only 20 miles due west of Wall Street, the town of Millburn, N.J., where Winkelried grew up, was a world away. His mother was a schoolteacher, his dad the product of a Jewish, working-class neighborhood in Newark who managed local parking garages.
Goldman Sachs delivered some of its best results in the firm's history on Thursday, after it drastically reined in pay for thousands of employees.
A proposed trading crackdown backed by former Federal Reserve chief Paul Volcker overshadowed Goldman Sachs' biggest-ever profit Thursday.
U.S. stocks were set for a flat open Thursday, as investors continued to worry about China and reacted to results from Wall Street giant Goldman Sachs.
Better-than-expected results from big names JPMorgan Chase and Intel failed to inspire investors last week. Can this week's crop of marquee name companies recharge the rally's engine?
Thanks to the outcry against Wall Street pay, bank shareholders are in line for a little bonus of their own.
The Obama administration wants to slap big banks and insurers on the wrist with a new tax. Oh wait, it's not a tax. It's a "financial crisis responsibility fee."
So much for Wall Street sobering up.
Does anyone really believe a little populist outcry will make Goldman Sachs crawl under a rock?
Now, for a few words about finance.
When Jon Winkelried first ventured inside Goldman Sachs it was early spring of 1981, and the future co-president of the 141-year-old firm was just finishing up the fourth year of his five-year undergraduate/MBA program at the University of Chicago. He had come to New York City in the hopes of securing a summer internship, but the firm's hallways felt alien to him. While only 20 miles due west of Wall Street, the town of Millburn, N.J., where Winkelried grew up, was a world away. His mother was a schoolteacher, his dad the product of a Jewish, working-class neighborhood in Newark who managed local parking garages.
Goldman Sachs delivered some of its best results in the firm's history on Thursday, after it drastically reined in pay for thousands of employees.
A proposed trading crackdown backed by former Federal Reserve chief Paul Volcker overshadowed Goldman Sachs' biggest-ever profit Thursday.
U.S. stocks were set for a flat open Thursday, as investors continued to worry about China and reacted to results from Wall Street giant Goldman Sachs.
Better-than-expected results from big names JPMorgan Chase and Intel failed to inspire investors last week. Can this week's crop of marquee name companies recharge the rally's engine?
Thanks to the outcry against Wall Street pay, bank shareholders are in line for a little bonus of their own.
The Obama administration wants to slap big banks and insurers on the wrist with a new tax. Oh wait, it's not a tax. It's a "financial crisis responsibility fee."
So much for Wall Street sobering up.
Goldman Sachs' banking titans and top congressional Democrats don't often see eye to eye -- executive pay caps, anyone? But here's something the megabank and Capitol Hill agree on: One of the best ways to get financing to worthy small businesses is through a little-known community lending vehicle called a CDFI.
Top executives at Goldman Sachs will not be paid cash bonuses this year, the company said Thursday.
How much should Goldman Sachs pay Lloyd Blankfein?
Back two years ago when the mortgage meltdown was heating up, we wrote an article called "Junk Mortgages Under the Microscope" dissecting a particularly wretched mortgage-backed securities issue peddled by Goldman Sachs.
Goldman Sachs, the most profitable firm on Wall Street, announced last week that it will set aside $500 million for "10,000 Small Businesses," a charity co-sponsored by famed investor Warren Buffett and devoted to helping small American businesses survive the economic crisis.
The public relations gurus who are advising Goldman Sachs Chief Executive Officer Lloyd Blankfein might want to give him some new advice. Shut up!
As the world knows, the public is up in arms about the compensation being paid at financial companies that owe their very existence to massive government help. Ordinary citizens, earning ordinary pay (or none at all), burn to see bankers and Wall Streeters get rudely cut down to size. But what many people don't focus on is that lower pay for these corporate fat cats would simply mean more money for the shareholders who own their companies. At heart, it's this year's rebound in profits that is causing the commotion. Earnings at Goldman Sachs, currently everybody's favorite piñata, are up 70%; guessing what CEO Lloyd Blankfein will make has suddenly become a parlor game. Maddeningly for anyone already mad, the government spurred the profits by keeping interest rates low and allowing financial firms to fund their operations cheaply.
Goldman Sachs earned an eye-popping $3.2 billion last quarter. Now it's decided to share some of that with the little guys.
You're either with them -- or you hate them. That sums up the way baseball fans feel about the New York Yankees. And that's also why the team, which clinched its 27th World Series on Wednesday night, is the Goldman Sachs of American sports.
Is the Fed about to hit the brakes on the Wall Street gravy train?
Did you make bubble-era investments that left you so far underwater you needed a submarine? If so, you've got company. Gather round, and I'll show you how some of the smartest and richest folks in America lost more than half a billion dollars by buying into the commercial real-estate bubble in the summer of 2007.
The national rage directed at Wall Street seems to be intensifying.
The Obama administration's pay czar is imposing tough cuts on 175 big earners -- but many on Wall Street are still on track for a banner payday.
Furor over bonuses shouldn't obscure the role Goldman Sachs plays in fostering global economic growth, CEO Lloyd Blankfein said Friday.
It's probably cold comfort, but Goldman Sachs couldn't have done it without your help.
The Goldman Sachs steamroller keeps chugging along.
Goldman Sachs proved that it was well on its way towards making a full recovery from last fall's crisis, after its latest quarterly results shattered even the most bullish of expectations on Tuesday.
Stocks gained Tuesday after a choppy session in which investors welcomed Goldman Sachs' better-than-expected results but showed caution ahead of all the quarterly reports due in the weeks ahead.
Stocks surged Monday, with financial and consumer shares leading the advance, as investors welcomed an analysts' improved outlook on Goldman Sachs one day ahead of its quarterly report.
Some major financial firms are getting anxious about giving back the billions in U.S. government rescue funds they took hold of late last year. But it may not be that simple.
Goldman Sachs suffered its first loss as a publicly traded company Tuesday, serving as yet another reminder that no corner of Wall Street has escaped the ongoing financial crisis.
Are you ready for some relief? Here it is: The prices for most stuff you buy won't rise as rapidly in 2009 as they did this year.
Goldman Sachs will cut 10% of its workforce, or about 3,260 jobs, a source familiar with the investment bank's plans said Thursday.
Shares of Morgan Stanley and Goldman Sachs, the last two big investment banks, plunged again Friday as fears about the fate of the banking sector remained front and center in the ongoing global financial crisis.
The Federal Reserve said Sunday it had granted a request by the country's last two major investment banks to change their status to bank holding companies
Stocks slipped Tuesday morning as investors considered Goldman Sachs' mixed profit report and the latest Federal Reserve policy meeting, after the previous session's brutal selloff.
Financial stocks jumped Wednesday, as investors set aside mounting worries about troubled mortgage giants Fannie Mae and Freddie Mae and a bearish report from Goldman Sachs about five key banks.
Goldman Sachs appears to be losing some of its luster.
Oil prices rallied as much as $5 a barrel Wednesday after a surprise decline in the nation's gasoline stockpile, and a forecast from Goldman Sachs that said crude could hit $149 a barrel by year's end.
Stocks tanked Tuesday after reports showed slower growth and higher pricing pressure, overshadowing any relief that oil prices fell for the third day in a row and that Goldman Sachs reported better-than-expected earnings.
Goldman Sachs reported a $2.1 billion quarterly profit Tuesday, beating forecasts and showing once again that it has largely avoided the credit crunch that has hurt many of its Wall Street rivals.
Even during these turbulent times on Wall Street, Goldman Sachs Group Inc. managed once again to make a tidy profit in the first quarter - $1.5 billion - though it paled in comparison with last year.
Welcome to superstar hedge fund manager Cliff Asness' winter of discontent.
Wall Street is typically considered a pretty conservative place to work. But the classic white-shoe investment bank is loosening things up by adding health benefits that cover sex-change operations.
Stocks snapped back Wednesday, erasing earlier losses, as investors set aside worries about the economy to scoop up a variety of issues battered in the recent selloff.
Stocks snapped back Wednesday, erasing earlier losses, as investors set aside worries about the economy to scoop up a variety of issues battered in the recent selloff.
Stocks snapped back Wednesday afternoon, erasing earlier losses, as investors continued to worry about the financial markets and the threat of recession, but also opted to scoop up stocks battered in the recent selloff.
Stocks gained Tuesday at the end of a rocky session that saw strong earnings from Goldman Sachs offset by concerns about how the credit market crisis will impact the economy.
Stocks gained Tuesday afternoon, at the end of a rocky session that saw strong earnings from Goldman Sachs offset by concerns about how the credit market crisis will impact the economy.
Stocks gained Tuesday afternoon, near the end of a choppy session in which investors welcomed Goldman Sachs' earnings report, but remained concerned about the credit market crisis and the impact on the economy.
Stocks rebounded Tuesday afternoon, finding some momentum in a volatile session influenced by Goldman Sachs' earnings, concerns about the troubled credit market and the grim economic outlook.
Stocks cut gains Tuesday morning, clinging to positive territory, as investors weighed upbeat earnings from Goldman Sachs and Best Buy, rising oil prices and the latest woes for the housing sector.
Upbeat earnings from Goldman Sachs and Best Buy boosted stocks Tuesday morning, distracting investors from rising oil prices and the latest woes for the housing sector.
Stock were poised for a much-needed rebound Tuesday as central banks around the world tackled the credit crunch and Goldman Sachs and Best Buy delivered with strong quarterly earnings.
More troubling news erupted from the financial services sector Wednesday as some of the nation's largest banks warned of bigger-than-expected writedowns and admitted that this quarter's results would be disappointing.
Stocks tanked Monday as Goldman Sachs' dour outlook on the financial sector and a weak report on home builder confidence sparked a broad market selloff.
Bond prices gained as mortgage related worries sent bank stocks lower and weak homebuilder confidence and recession talk rattled stocks Monday.
Stocks slumped Monday afternoon as Goldman Sachs' dour outlook on the financial sector and a weak report on home builder confidence sparked a broad market selloff.
Stocks tumbled Monday afternoon as a dour note on the financial sector from Goldman Sachs and a weak report on home builder confidence sparked a broad selloff on Wall Street.
Stocks slumped Monday afternoon as a dour note on the financial sector from Goldman Sachs revived worries about the fallout from credit and mortgage market troubles.
Goldman Sachs Group Inc. on Thursday reported third-quarter results well ahead of Wall Street projections, as the world's largest investment bank realized gains from takeover advice and the sale of its holdings in an energy company.
A Goldman Sachs hedge fund rose 12 percent last week after the bank and investors pumped $3 billion into it, Bloomberg News reported Thursday, citing unnamed investors.
Two Goldman Sachs computer-driven hedge funds have sold some positions after taking a big hit in recent weeks, according to a report published Tuesday.
The FBI is investigating anonymous mailed threats against the Goldman Sachs investment firm but does not consider the warnings to be of "high credibility"
The FBI is investigating letters sent to newspapers nationwide that say "Goldman Sachs. Hundreds will die. We are inside. You cannot stop us," the bureau said Friday, but government and company officials are downplaying the threat.
Goldman Sachs Group (GS) ranks no. 24 on FORTUNE's list of America's largest corporations.
As the creator of the Nasdaq 100 exchange-traded fund, John Jacobs already has one smash hit under his belt. Since debuting in 1999, the shares, known as the QQQs, have become the most widely trade...
The following stocks were among the most actively traded on Monday morning:
With "subprime" on everyone's lips and recession questions back in vogue, the stock rally's other big antagonist has been enjoying a low profile of late.
The Securities and Exchange Commission and NYSE Regulation settled enforcement proceedings against Goldman Sachs over an illegal trading scheme, the company said Wednesday.
A new private-equity fund by investment bank Goldman Sachs is expected to bring in as much as $19 billion, putting it in the same league as some private equity heavyweights, according to a report published Friday.
When it comes to crossing the line, bold-faced names rarely disappoint.
If the recent plunge in gas prices is the result of a conspiracy by President George W. Bush to help the Republicans retain control of Congress, as 42 percent of Americans believe, according to one...
Hedge funds have come under fire in recent days, owing in part to the recent $6 billion Amaranth debacle. But the regulatory run-ins aren't scaring off large banks, which increasingly are turning to hedge funds as a way to create serious growth.
Goldman Sachs Group ranks no. 124 on FORTUNE's Global 500 this year, with $43.4 billion in revenues, up 45.4% from the previous year. The New York, New York-based company was ranked no. 167 on the 2005 list. Its 2005 profits were $5.6 billion, up 23.6% from a year earlier. 2005 was a banner year for most Global 500 companies.
Forget about any economic weakness - real or perceived. When companies want to do a merger, acquisition or stock offering, they're still looking to Goldman Sachs for investment advice.
Stocks pointed to a mixed open Tuesday as the U.S. trade deficit widened to record levels, Goldman Sachs posted better-than-expected earnings and Wall Street pondered management shakeups.
Goldman Sachs' focus on its profitable private equity business is spurring a wave of copycats among investment brokerage firms on Wall Street, according to The New York Times.
Goldman Sachs said Tuesday that second-quarter earnings more than doubled on strength in its investment banking and trading operations but investors focused on worries about the outlook for stocks and interest rates that could hurt Wall Street firms.
Goldman Sachs may be bidding adieu to Chairman and Chief Executive Henry Paulson, but don't expect Paulson's exit to mark any slowdown in the company's stellar growth, making Goldman Sachs a hot bet for investors.
Stocks jumped Tuesday, with the Dow 30 and S&P 500 closing at nearly 5-year highs, as sliding bond yields relieved worries about rising interest rates.
Investment banks are expected to report another quarter of bumper earnings this week on strength in trading and underwriting, as well as a rash of merger activity.
Fine jewelry may shape up to be one of the best bargains of the holiday season as retailers offer deep discounts amid soaring precious metal prices.
Goldman Sachs is embracing its inner environmentalist.
If the stellar run in investment banking stocks in 2005 is beginning to make you nervous, relax. The ride isn't over yet.
NEW YORK (CNN/Money) - After spending most of the summer stuck in a trading range, stocks have been climbing steadily higher since August. But prices have yet to break the upper-end of the range, and some analysts think it will be a while before they do.
Technology stocks fell sharply Thursday as record high oil prices kept the Nasdaq under constant pressure in a trading session that grew progressively worse throughout the day.
Goldman, Sachs & Co., the New York investment banking powerhouse, has been slapped with a $2 million fine for prematurely hyping and offering to sell shares in certain initial public offerings it underwrote, the Securities and Exchange Commission announced Thursday.
No economic data is due and no companies will report earning Friday, but after the bell Thursday a handful of technology companies reported earnings, including software maker Adobe Systems Inc. and Linux systems operator Red Hat Inc.
Industrial companies know how expensive it can be to open and shut factories at the first sign of a slowdown or upturn in the economic cycle.
Where do MBAs want to work? For the eighth year in a row, McKinsey was voted the most popular employer, according to Universum's annual survey of MBA candidates, while Citigroup surged past Goldman...
Tech issues moved mostly higher Tuesday, despite some losses among chip stocks, as the telecom and networking groups helped buoy the sector.
Everyone knows that an education is a superb investment. However, while most people put money into their own schooling, or a child's, a new company called My Rich Uncle is hooking up top students w...
There are three things on FORTUNE's mind at the end of January: Is Crouching Tiger, Hidden Dragon really as good as everyone says? Why did Ricky Martin agree to sing at W.'s inauguration? And why h...
While speedier Net access has become a commodity, useful insider company information, affordable IT training, and the right gift can be hard to find. Suggestion-yielding sites follow.
Jon Corzine, the co-CEO of Goldman Sachs, is an island of calm on Wednesday evening, June 10. You'd never know that the professorial banker is attempting to cut the deal of his career and the most ...
Goldman Sachs wants to get into the savings and loan business. So do Paine Webber, AIG, Ford, State Farm, GE Capital, and at least 19 other companies--most of them insurers.
In the age of mutual funds, CNBC, and online trading, investing is now a pretty democratic activity. Even so, wealth still carries a few advantages. One of them is the opportunity to follow the inv...
With commodity prices shooting ahead of stocks, the most interesting investing action these days is in the grain pits of the Chicago Board of Trade and the oil corrals at the New York Mercantile Ex...
Here's aspirin for a big tax headache: Say you own a ton of stock bought years ago for a very low price, and the shares of Company X now dominate your portfolio. You want to diversify your holdings...
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