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“# Tesla’s $1.5B Bitcoin buy throws the cat amongst institutional pigeons ” Not all analysts are convinced that Tesla’s recent acquisition of $1.5 billion worth of Bitcoin (BTC) will prove to be as beneficial for the tech giant as it was for the BTC coin price. Head of equity strategy at Saxo Bank, Peter Garnry,…
“#Wall Street bigs press for speedier COVID vaccine rollout in NY” New York City’s business leaders are concerned about the state’s troubled COVID vaccine rollout — and they’re offering to mobilize their clout and resources to help speed it up. Reps from dozens of city-based firms led by Goldman Sachs chief David Solomon held a…
“# Goldman Sachs says Bitcoin is on the path to maturity ” In an interview with CNBC, Currie said Bitcoin’s remarkable run has attracted greater institutional interest, but noted that smart-money investors are still a tiny fraction of the overall market. They will need to come in droves for Bitcoin to become a stable asset…
“#Instacart hires Goldman Sachs’ Nick Giovanni as new CFO” Instacart said on Thursday it had hired Goldman Sachs banker Nick Giovanni as its new chief financial officer, as the grocery delivery app gears up for a potential initial public offering. Giovanni, who was at Goldman Sachs for more than 20 years and most recently was head…
“#Gary Cohn joins IBM after leaving Trump administration” IBM announced Tuesday that the former Trump advisor and Goldman Sachs president Gary Cohn will join the New York-based tech giant as Vice Chairman. In a statement, IBM said that Cohn would also join the company’s executive leadership team and work closely with IBM chief Arvind Krishna…
“#Ex-Goldman Sachs exec warns of wealth gap ‘revolution’” One Wall Street power player is urging his fellow one-percenters to help close the growing wealth gap — or risk staring down pitchforks and guillotines. Ex-Goldman Sachs chief financial officer Marty Chavez sounded off on income inequality during an interview with financial news site The Business of…
“# Coinbase reportedly taps Goldman Sachs for IPO ” Digital currency exchange Coinbase has reportedly approached Goldman Sachs to lead its upcoming initial public offering — a move that could bolster the appeal of cryptocurrencies to a broader mainstream audience. Citing two sources familiar with the matter, Business Insider reported Friday that Coinbase is looking…
“# Can gold and Bitcoin coexist? Goldman Sachs says yes ” Bitcoin’s (BTC) parabolic surge in 2020 will not hurt major traditional assets like gold, according to Goldman Sachs. One of the world’s biggest investment banks, Goldman Sachs reportedly sent a note to investors, reassuring its clients that Bitcoin does not pose an existential threat…
“#Deutsche Bank, Goldman Sachs plans to flee NYC sign of trouble” New York’s golden geese are flying south, and not just for the winter. The analytics firm Unacast reports that more than 3 million people have fled the city during the pandemic — replaced by slightly fewer who earn a lot less, for a net…
“#Gary Cohn donates $10M to charity amid Goldman Sachs standoff” Gary Cohn would rather give millions to charity than let Goldman Sachs claw it back from his famously large hands. The beefy Wall Street big, who spent nearly a decade as the No. 2 executive at Goldman, has spent nearly two months in a standoff…