Artificial intelligence could be a new gold mine for investment bank Goldman Sachs, CEO David Solomon said. Is Bitcoin too speculative? While there is a “broad consensus about the transforming potential of AI,” Goldman is already seeing an “enormous appetite” from clients for advising and supporting AI strategies and the potential for continuing work in …
Tech billionaires aren’t the only ones fighting for control of AI. The US and China are too. The two world superpowers are competing with each other for everything from the intellectual know-how to design AI hardware and software to the raw materials that power artificial intelligence systems. Both are also using government subsidies to spur …
Apple’s rough stretch in the U.S. and European Union is extending to China, where iPhone sales fell 24% year-over-year in the first six weeks of 2024, according to a new report. Is Apple still a growth stock? | Smart Investing Competition with China’s Huawei, which is seeing a resurgence after releasing a new series of …
Stocks finished 2023 near all-time highs with the S&P 500 (^GSPC) gaining nearly 24% on the year. The three major averages ripped higher in the final two months of 2023 after a pivot from the Federal Reserve has many investors increasingly betting that the central bank’s next interest rate adjustment will bring rates lower. But …
As 2023 comes to a close, investors want to know what’s in store for the year ahead. What’s in store from the Fed in 2024? Will the AI hype continue? What is the future of EV charging? How will the 2024 election impact the market? Yahoo Finance spoke to experts across the industry to answer …
Apple is set to finish its credit card partnership with Goldman Sachs, according to a Wall Street Journal report published on Tuesday. People claiming to have knowledge of the matter told the Journal that Apple’s contract with the banking giant will end “in the next roughly 12-15 months,” bringing to an end a troubled tie-up …
Goldman Sachs, Apple’s banking partner for its credit card and high-yield savings account, is seemingly having doubts about those products. According to The Wall Street Journal, Goldman is looking to get out of the consumer lending business, which could have implications for Apple Card and the associated savings account. The report suggests that several senior …
Apple Cards’ savings account, which is supported by Goldman Sachs, has garnered an impressive $10 billion in deposits since its inception in April. The savings account, linked to the Apple Card credit card, offers cardholders the opportunity to save their daily rewards and earn a 4.15% interest per annum. Since its launch, 97% of Savings …