Welcome to our dedicated page for Goldman Sachs Group news (Ticker: GS), a resource for investors and traders seeking the latest updates and insights on Goldman Sachs Group stock.
Goldman Sachs Group Inc. (GS) is a global financial services leader specializing in investment banking, asset management, and institutional trading. This page serves as a comprehensive resource for tracking the company's official announcements, strategic initiatives, and market-moving developments.
Investors and professionals will find curated updates on earnings reports, mergers and acquisitions, regulatory filings, and leadership changes. The content collection enables users to monitor GS's responses to market trends, compliance updates, and competitive positioning within global finance.
All press releases and third-party analyses are organized chronologically to simplify trend identification. The resource prioritizes factual reporting on capital allocation strategies, client partnership expansions, and innovation in financial technologies.
Bookmark this page for convenient access to Goldman Sachs' latest developments and check back regularly for real-time updates that matter to your financial decision-making.
A new report by Goldman Sachs highlights the urgent financial challenges faced by small business owners as federal Paycheck Protection Program (PPP) funding nears depletion. In June, 82% of surveyed owners indicated their PPP funds would be exhausted by July's end, with only 24% confident in maintaining payroll afterward. The report underscores racial disparities in access to capital, particularly affecting Black-owned businesses. It proposes policy solutions including long-term loan guarantees and reevaluation of SBA policies to enhance small business credit access.
EDF Renewables North America and Goldman Sachs Asset Management have announced the commercial operation of the Toms River Solar Project, providing 28.9 MW of renewable energy in New Jersey. Built on a Superfund site, it is the largest solar project in the state, capable of powering 5,250 homes and avoiding over 30,000 metric tons of CO2 emissions yearly. Additionally, a 5 MW Community Solar project is pending approval. The project enhances local ecology while generating clean energy.
Goldman Sachs Asset Management and the National Association of Investment Companies announced a multi-year partnership aimed at diversifying the alternative investment industry. This initiative supports two major programs: the Next Generation of Private Equity Firms Symposium and the Women in Alternatives Initiative, focusing on training and empowering diverse investment managers. The collaboration aims to broaden Goldman Sachs' investment scope while enhancing leadership opportunities for women and ethnically diverse professionals, aligning with their broader diversity and inclusion goals.
The Goldman Sachs 10,000 Small Businesses Voices program, in collaboration with the Bipartisan Policy Center, released a report highlighting barriers small businesses face in federal procurement.
It noted a 38% decline in small businesses as federal contractors over the past decade and a 79% drop in new participants from 2005 to 2019. While federal agencies have met a 23% spending goal for small businesses, they have consistently missed targets for women-owned businesses and those in HUBZones.
Policy reforms are urged to enhance small business participation in federal contracts.
Aircall announced a successful Series D funding round, raising $120 million and achieving a valuation exceeding $1 billion. The round, led by Goldman Sachs Asset Management, demonstrates strong investor confidence in Aircall's cloud-based voice platform, which serves over 8,500 customers globally and recorded a 65% increase in customers year-over-year. The funds will enhance Aircall's app ecosystem, expand operations internationally, and incorporate advanced AI technology for better customer interactions.
Visual Comfort & Co. announced a strategic investment from Goldman Sachs Asset Management and Leonard Green & Partners, alongside existing partner AEA Investors. This investment aims to enhance its position in the decorative lighting industry. CEO Andy Singer will continue to lead the company, focusing on growth strategies. The merger with Generation Brands in 2017 helped create a strong portfolio. The transaction is subject to customary closing conditions and anticipated to close in Q3 2021.
The Goldman Sachs Group (NYSE: GS) has announced significant developments in its One Million Black Women initiative, committing over $10 billion to promote racial equity and economic opportunities for Black women. Key activities include conducting 17 listening sessions to guide initial investments, with strategic guidance from an Advisory Council. A first meeting is scheduled for May 17. Recent partnerships aim to support Black women entrepreneurs, particularly in the restaurant industry. The initiative targets the uplifting of one million Black women by 2030.
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