Items Tagged with 'Goldman Sachs'

ARTICLES

  • Real estate startup Flyhomes secures $141 million and promises to buy your house

    Proptech company offers "Trade Up" guarantee with Goldman Sachs-backed funding
    Flyhomes, the four-year-old startup that lets people make cash offer on homes while they work to secure a mortgage, announced a new round of funding and a new service for buyers on Thursday. The Seattle-based company said it raised $141 million in debt and equity that it’ll use, in part, to grow a new part of its business that targets trade-up buyers. Some of the funding comes from Goldman Sachs’ Genesis Capital.
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  • Goldman Sachs: No deal in U.S.-China trade war before 2020 election

    "Fears that the trade war will trigger a recession are growing," Goldman economists say
    “Tariffs are a great negotiating tool,” President Donald Trump tweeted last month, one of dozens of times he has extolled the power of levies to get the trade deals he wants. Goldman Sachs issued a note to clients on Sunday saying that tariff strategy isn’t going to work with China, the world’s second-largest economy. “We no longer expect a trade deal before the 2020 election,” Goldman economists said.
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  • Goldman Sachs all but guarantees the Federal Reserve is about to cut interest rates

    Analysts say there's a 90% chance of a rate cut
    Analysts from Goldman Sachs told clients this week that it’s basically a done deal that the Federal Reserve will cut its benchmark interest rate later this month. In the report, the Goldman Sachs analysts say that there’s a 90% chance of a rate cut coming out of the next meeting of the Federal Open Market Committee, which is set for July 30-31.
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  • Goldman Sachs valuation exec joins Consolidated Analytics

    Josh Fuchs will lead product development and sales
    Consolidated Analytics has hired Josh Fuchs as senior vice president of product development and sales for its residential valuations division. Fuchs joins Consolidated Analytics from Goldman Sachs, where he served as vice president, head of residential valuation for its real estate management division.
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  • Barron's: The International Monetary Fund downgrades its 2019 forecast as economic pessimism grows

    82% of 307 insurance executives polled say they expect a recession by 2021
    Mounting geopolitical headwinds have intensified fears of an oncoming economic recession, especially as the nation's housing market, which is a significant indicator of overall economic health, has slowed to concerning levels. As the economy cools off in several sectors, the International Monetary Fund has downgraded its 2019 forecast.
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  • Goldman Sachs is going to hire more women

    Bank is expanding hiring program that seeks to diversify the company
    Goldman Sachs announced it is expanding its year-old program to add more diverse employees to the company worldwide, according to an article from CNBC. The big bank says that half of its new analysts and entry-level associates must be women. The bank also, for the first time, issued goals for it to meet in hiring blacks and Latinos.
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  • Goldman Sachs invests in construction finance tech startup Rabbet

    Wall Street giant takes part in $8 million Series A funding
    Rabbet, a construction finance technology startup based in Austin, Texas, just raised $8 million in its Series A funding round, but that’s not the big story. The big story is one of the companies that participated in the funding round. Included among Rabbet’s new backers is Goldman Sachs, the Wall Street giant.
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  • Citigroup invests in digital mortgage company Better Mortgage

    Citi becomes latest big name to fund mortgage tech startup
    The investors in digital mortgage company and 2018 HW Tech100 winner Better Mortgage are a veritable who’s who of the finance space. And there's a new big name joining that list. Better announced Thursday that Citigroup is investing in the company, joining Goldman Sachs and American Express among Better's backers.
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