Goldman Sachs news covering investment banking deals, trading results, asset management, executive moves, and Wall Street strategy.
The Dow Jones Industrial Average fell nearly 150 points on Monday afternoon, led by significant declines in shares of Goldman Sachs and Caterpillar. These two major components contributed most to the blue-chip index's intraday drop of 0.3 percent.
The New York Post reports on Goldman Sachs' 'NextGS Investment Intensive,' a bootcamp for Gen Z heirs of ultra-wealthy families. The program teaches financial literacy, market analysis, and investment strategies in alternative assets like sports teams and cryptocurrency, blending traditional finance education with luxury lifestyle topics.
Goldman Sachs equity team rebalanced its Long Duration Basket on Sunday as rising interest rates impact valuations. Strategist David Kostin noted that long duration growth stocks struggle disproportionately from sharp increases in rates compared to other sectors.