Virgin Orbit, the satellite launching spinoff of Sir Richard Branson's Virgin Galactic, is in advanced discussions to go public at about a $3 billion valuation through a SPAC, CNBC confirmed on Saturday. The SPAC, led by a former Goldman Sachs partner, is NextGen Acquisition II, a person familiar with the...
Goldman Sachs says value stocks will outperform in the near term - but growth stocks will take the lead by end of 2021
As the rotation into value stocks continues, Goldman Sachs says growth stocks are once again poised to lead the market by the end of this year. Yet, other periods of rotation may not provide a blueprint for how long the rotation into value stocks lasts. To position for a change...
Public HealthPosted byAxios
Goldman Sachs is mandating its U.S. employees to report whether or not they've received a COVID-19 vaccine by noon Thursday, reports the New York Times. Why it matters: The federal government has said it is legal for companies to require workers to get vaccinated against the coronavirus. Yet vaccine "passports" are a point of controversy, with several Republican-led states forbidding some private businesses from using them.
Cedar Point is open for the summer season, but currently, the park is closed on Tuesdays and Wednesdays, at least through June 23. Now, Cedar Point CEO Richard Zimmerman says expects the park to go back to normal hours later this month, thanks to increased staffing after a labor shortage.
With value stocks now outperforming growth stocks, Goldman Sachs recommends a strategy that captures the best of both worlds: growth at a reasonable price. The firm used economic models to predict that value stocks will continue to outshine in the third quarter but that growth stocks will likely take back the lead by early 2022. Goldman acknowledged it's a tough call to make and both styles could look at times like they are breaking out.
Amid reports of labor shortages and fears of economic overheating thanks to what some view as excessive government stimulus spending, a total of 26 states are now planning to end the $300 federal unemployment supplement in order to spur hiring—here’s what analysts from Goldman Sachs expect to happen once payments stop.
Goldman CEO David Solomon releases charity single called 'Learn to Love Me' as part of his electronic-dance side project
Goldman Sachs CEO David Solomon has released a new single, with proceeds going to charity. The single comes days before the company's expected return to the office. The bank chief, who sometimes uses the name "DJ D-Sol," posted the song on his Instagram account. See more stories on Insider's business...
Los Angeles, CAPosted byBusiness Insider
Goldman Sachs is making employees tell them their vaccination status, and your employer could too. Labor lawyers explain what rights employees have.
Goldman Sachs is one of the few companies so far requiring workers to disclose if they are vaccinated.
Posted byDaily Mail
Goldman Sachs CEO David Solomon and part-time DJ releases a cringeworthy new single called 'Learn to Love Me' ahead of calling all staff to return to the office
David Solomon, the CEO of Goldman Sachs, released a new single Friday under his musical alter ego, DJ D-Sol, and many are joking that the title, Learn to Love Me, is a dog whistle to employees who are returning to in-person work Monday. In May, Solomon sent a memo to...
As we and other outlets have covered ad nauseam, a lot of promises were made last summer as brands announced cold-cash pledges to combat the country’s economic and racial inequalities. Consumers remain unimpressed. In an effort to hold companies accountable, a volunteer-led effort is asking them to show their work....
Public HealthThe Guardian
Goldman Sachs has told its staff in the US that they must disclose their Covid-19 vaccination status before a planned return to office working next week. The investment bank, whose 6,000 UK workers have separately been told they have the option of filling out their status anonymously to give the business an idea of vaccination levels, had previously told US staff that disclosing their inoculation status would be optional.
SANDUSKY, Ohio (WILX) - Cedar Point CEO Richard Zimmerman says the park’s new $20 per-hour wage is doing the trick and attracting new, high-quality job applicants. “We’ve seen great response over the last few weeks as we raised our wages,” Zimmerman said while speaking at the 2021 Goldman Sachs Travel & Leisure Conference. “We’ll continue to add back hours and add back days as we get deeper into June.”
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An internal Goldman Sachs memo obtained by The New York Times offers a glimpse into what is likely to be a fraught issue that companies would like very much to keep under wraps as return-to-work dates near: how to square employees' often conflicting concerns, beliefs and demands about Covid-19 vaccinations.
Goldman Sachs has named the South Korean stocks that could benefit — or lose — from rising inflation in the North Asian country. Investors globally are increasingly worried that an acceleration in inflation would raise operating costs and weigh down profit margins. In South Korea, both producer and consumer prices...
The inaugural Bloomberg Deals Summit sponsored by SS&C Intralinks brought together leading dealmakers from the global mergers and acquisitions (M&A) community. In a series of lively discussions discussing best practices on how to navigate the current market, megadeals, diverse routes to market and different growth strategies, well-known industry stalwarts shared their expectations for the coming months.