Source: CryptoPotato
40% of Goldman Sachs’ institutional clients have invested in cryptocurrencies, while 34% believe bitcoin could surge to $100,000 in the next 12 months.
“Tesla deveria descartar bitcoin e recomprar ações”, diz analista da Goldman Sachs
Source: Criptonizando
O analista da Goldman Sachs, grupo financeiro multinacional, Gary Black, disse que a empresa automotiva, Tesla, deveria vender seus bitcoins (BTC) e recomprara suas ações.
IRG Raises $335M Through Goldman Sachs to Tap Into Industrial Growth
Source: Commercial Observer
The funding will be used, in part, to acquire and develop logistics and manufacturing assets around the country.
Goldman Sachs reportedly set to make $200M off Texas winter storm
Source: New York Post
Traders at Goldman Sachs may reap huge profits from the winter storm last month that left many across Texas and other Southern states without electricity, clean water and heat, Bloomberg News reported Friday. The Wall Street bank could make up to $200 million from the physical sale of power and natural gas and from financial hedges after…
Dow down nearly 100 points on losses in Boeing, Goldman Sachs stocks
Source: MarketWatch
Shares of Boeing and Goldman Sachs are posting losses Friday morning, sending the Dow Jones Industrial Average into negative territory. The Dow was most…
Is “Temporary Inflation” A Real Thing?
Source: Zero Hedge
Is “Temporary Inflation” A Real Thing? Authored by John Rubino via DollarCollapse.com, Fed Chair Jerome Powell spooked the markets this week by predicting that inflation will jump when the economy reopens – but don’t worry, it’s just temporary . Here’s the real-time CNBC account: Fed’s Powell says reopening could cause inflation to pick up temporarily Federal Reserve Chairman Jerome Powell said Thursday that he expects some inflationary pressures in the time ahead but they likely won’t be enough to spur the central bank to hike interest rates. “We expect that as the economy reopens and hopefully picks up, we will see inflation move up through base effects,” Powell said during a Wall Street Journal conference. “That could create some upward pressure on prices.” The Fed likes inflation to run around 2%, a rate it believes signals a healthy economy and provides some room to cut interest rates during times of crisis. However, the rate has run below that for most of the past decade and inflation has been particularly weak during the pandemic.
Compass touts its tech prowess to justify an IPO likely to seek over $10 billion. But analysts think it’s just a plain old real-estate brokerage.
Source: Business Insider
Summary List Placement The residential real-estate firm Compass followed a well-worn script for success in the startup world. It raised hundreds of millions of dollars, including money from major venture capital backers like Softbank , grew rapidly, and touted that its technology platform had upended the staid business of brokering homes sales. It also — like other young companies that have sought lofty IPOs before it — hasn’t earned a dollar of profits . On the cusp of that much-anticipated public offering, Compass will now test the bounds of a frothy market and the willingness of investors to continue to lavish heavy premiums on companies that bill themselves as technology firms. Analysts worry, however, that Compass’ financial performance invites comparisons to another Softbank-funded company, WeWork, whose IPO in 2019 was derailed . Both companies have boasted of unique tech tools, best-in-class operations, and access to growth in lucrative ancillary businesses. But both remained stubbornly unprofitable despite scaling their revenue. (In recent months, WeWork suggested that it will again attempt to go public.) In private funding rounds, Compass rose to a roughly $6.5 billion valuation.
Temenos demystifies artificial intelligence, helping banks fight the black box effect
Source: Business Insider
Summary List Placement The banking software company is teaming up with Canadian Western Bank (CWB) to provide its new Temenos Virtual COO solution to small and medium-sized businesses (SMBs). The product is built on top of Temenos’ omnichannel digital banking platform and utilizes explainable AI (XAI) and analytics to support financial decision-making at SMBs. By aggregating banking and business data, SMBs are able to assess their current and projected financial health through the use of XAI-powered models that simulate different business scenarios. Banks could utilize XAI technology to rectify the black box problem associated with traditional AI models used in banking. What is the black box problem?: The machine learning algorithms that underpin typical AI-based conclusions are opaque and difficult to explain, especially when concerning more granular inputs. The less-than transparent structure of such models has led to a perceived influence of AI on biases in certain financial decision-making processes—in some cases, presenting potential public relations and legal issues for banks.
Survey Results by Goldman Sachs Reveal that 40% of Clients Are Exposed to Crypto
Source: Coinspeaker
According to findings from a survey conducted by Goldman Sachs, 40% of 280 participants who are the company’s clients have crypto exposure.
Mike Novogratz says Mark Cuban is making a ‘mistake’ by backing Dogecoin – and says banks piling into bitcoin could send it to $500,000 (BTC)
Source: Business Insider
Summary List Placement Mike Novogratz said Mark Cuban’s plan for the Dallas Mavericks to accept Dogecoin is a “mistake.” He said the focus should be on bitcoin – which banks are “frantically” getting involved with. Yet many seasoned investors remain skeptical about bitcoin’s uses and volatility. Sign up here for our daily newsletter, 10 Things Before the Opening Bell . Mike Novogratz has said he thinks Mark Cuban is making a “mistake” in letting Dallas Mavericks fans pay for tickets and merchandise in Dogecoin, calling it a “joke” currency. The Galaxy Digital boss told Bloomberg TV bitcoin is where the action is, saying banks are “frantically” trying to get into the world’s biggest cryptocurrency, and that it could jump to $500,000 by replacing gold as investors’ favored hedging asset. Mavericks owner Cuban said on Thursday he was taking the “fun” decision to let the NBA team start accepting Dogecoin , the meme cryptocurrency that started as a joke, but has a market capitalization of more than $6.4 billion.
