Tag Archives: goldman sachs

Ever since the geopolitical tensions in the Middle East where top Iranian military commander Qassem Soleimani died, the incident is the main explainer for why gold reached six-year highs. Now when in the recent days the Swiss Franc is surging, Goldman Sachs Co-Head of Global Foreign Exchange Zach Pandl believes it could be because it may be being used as a proxy for gold. He says that CHF follows gold in terms of price swings. Pandl said that on Monday morning it was trading around...

It looks like Visa is on an investing spree. One of the world’s leading payment processors is heavily investing in fintech companies, which could indicate, that Visa is on the verge of some kind of change. Or that they simply want to support the expansion of fintech. Just recently Visa invested around $5.3 million in a fintech company Plaid. Now it’s turn for VGS.While the investment in Plaid was revealed, this investment in VGS (Very Good Security) currently is undisclosed.However, this is...

A global fitness F45 Training community is rumored to have filed for an Initial Public Offering (IPO) in the U.S. The community has not provided any comment yet. The information is confidential, and those familiar with the matter have preferred to stay anonymous.Goldman Sachs Group Inc. and JPMorgan Chase & Co. are allegedly working with F45 Training community on the listing. However, their representatives have declined to comment. F45 Training co-founder Adam Gilchrist has also refused...

San Francisco based financial technology startup Fundbox Inc. hired a former investment banker Marten Abrahamsen as its first-ever chief financial officer (CFO), the Wall Street Journal reported on Jan. 14. Abrahamsen was brought in as CFO to bolster the company’s executive team as Fundbox prepares to launch a potential initial public offering (IPO) in the future.Founded in 2013 by three partners – Eyal Shinar, Toma Michaeli, and Yuval Ariav – the startup helps in expediting the payment of...

China is one of the world’s heavyweight countries and much of this is a deliberate effort. The country is known for its eagerness to make specific moves towards growing its economy and becoming a worthy rival of others. For example, it has made significant strides with blockchain technology and it is widely suggested that it could easily lead this sector. Now, there are specific efforts for China to rival Wall Street.China is already a force to be reckoned with politically, as well as...

Supply chain fintech startup Tradeshift Frontiers, famous for advertising more than two million companies on its platform, said it has cut the cost of cross-border transactions between buyers and suppliers utilizing public Ethereum blockchain.Last year, Tradeshift startup managed to raise $250 million in a Series E funding round led by Goldman Sachs and Public Sector Pension Investment Board (PSP Investments). That brought Tradeshift’s total funding to more than $400 million. The company...

U.S. markets seem to have responded positively to the recent first phase of the trade deal that has partially solved the current impasse between the United States and the People’s Republic of China. Sources indicate that yesterday’s gains were the fourth straight day that the United States markets were in the green. According to reports, the S&P 500 gained 0.7% to end the day at 3,191.45 while the Nasdaq Composite jumped 0.9% to 8,814.23 while the Dow Jones Industrial Average (DJIA) went...

The trade war between the U.S. and China has been ongoing for many months and has somehow wiggled its way into pretty much any conversation that involves the U.S. or China. Some other countries are sometimes dragged into the mix because some of the effects of the tensions have been felt by these countries even though they aren’t directly involved. However, there might be some respite soon and with it, the chance that a few stocks might be worth good money if things go right.CNBC’s Jim Cramer...

OneConnect Financial Technology which is the artificial intelligence and blockchain arm of Ping An Insurance that is easily one of the largest insurance firms in China has come forth with the terms for its IPO valued at $468 Million. Sources indicate that based on the F-1 Filing of its prospectus with the United States Securities and Exchange Commission (SEC), the firm intends to conduct the initial public offering which is aimed at raising between $432 million and $504 million via issuing...

Over the last ten years or so, the American stock market has been performing quite impressively, with continuous rises in its general bull run. Since 2009, companies – notwithstanding price drops over smaller periods – have been doing better with time, on average. German multinational investment and financial services firm Deutsche Bank AG has now revealed the driving factor behind this decade-long bull run.According to a tweet from market analyst Holger Zschaepitz with German media company...