Every company has been bracing for the fiscal cliff in their own ways. Some have been delaying capital expenditures until uncertainty clears up, while others have been dumping cash on their shareholders in the forms of special or accelerated dividends.
Bitcoin (BTC) is the most popular crypto-currency and covers more than 90% of the crypto-currency universe with a market value of $8.09 billion at current prices. Given the potential that can be seen and the latest developments in the Japanese market that led to Mt. Gox declaring it bankrupt and moving out from the country, the vacuum had to be filled. The opportunity was cashed in by former Goldman Sachs (GS) employee, Mr.
By Kurt Brouwer: If you have been reading Fundmastery Blog for a while, it should be no surprise to you that economic growth is slowing. Now, Goldman Sachs (GS) has finally released a report that states the obvious. It’s really a question of how low does it go. Do we just muddle along with slow growth or do we sink into another recession?
Goldman Sachs has cut its first quarter GDP estimate to -1.9%. The firm had previously expected a Q1 GDP decline of -1.1%. On Twitter, Reuters' Jamie McGeever noted that excluding the 2008-2009 crash, this would be the largest quarterly GDP contraction in 23 years.
Over the past month there has been a sudden shift in the public's attention to the debt ceiling debate and away from the government shutdown, which since it did not result in the Armageddon many had predicted (same as the sequester) has been promptly forgotten.
(Reuters) - While Wall Street slashes pay and freezes cash awards, Goldman Sachs Group's top five executives may reap special bonuses of $10.5 million apiece if the firm hits historically easy profit targets over the next two years.