Tag: Goldman

A new technology skill every worker needs to be more valuable: Former Goldman Sachs CFO

  • Former Goldman Sachs CFO and CIO Martin Chavez says all workers in the future should be prepared to learn some form of coding. 
  • LinkedIn data shows that there’s been a recent boom in users taking introductory coding courses online, with increases as high as 500% in the past year.
  • But the Wall Street executive recently told CNBC that for most workers the key is to learn an algorithmic, problem-solving way of thinking, rather than becoming an actual computer coder. 

Wall Street won’t be ruled by code, but algos will guide career choices: Former Goldman CFO

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Martin Chavez served in more than one major role during his Goldman Sachs career, including chief financial officer and chief information officer, and those experiences were prime opportunities for the self-described “quant” to learn a valuable lesson about the future of work and technology. 

Wall Street will not be

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A new tech skill all workers need to be valuable: Former Goldman CFO

Martin Chavez served in more than one major role during his Goldman Sachs career, including chief financial officer and chief information officer, and those experiences were prime opportunities for the self-described “quant” to learn a valuable lesson about the future of work and technology. 

Wall Street will not be run by computer code alone, he says, but the rise of algorithms in financial services is a lesson in why most workers will need to become familiar with computer code if they want to be valuable to their organizations.

“Not everyone needs to be a coder,” Chavez said. “The idea of coding is valuable and wonderful, but the idea everyone should learn to code? … I don’t know, but everyone does need to have an algorithmic data, problem-solving mindset. That is a baseline skill for every professional in the workplace, no matter what the role is,” the former Goldman Sachs top

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Spotify’s CEO and Goldman Sachs have both invested in this high-tech Tesla rival

Ek said last week that he was pledging €1 billion ($1.17 billion) of his own money toward “moonshots” in European tech.


Lionel Bonaventure/Agence France-Presse/Getty Images

Spotify
SPOT,
+2.55%

co-founder and Chief Executive Daniel Ek is among a group of investors, including Goldman Sachs and Volkswagen, that are backing a high-tech battery company founded by two former Tesla executives.

Sweden’s Northvolt, which wants to build the world’s greenest battery, announced on Tuesday that it had raised $600 million in equity. The investment will be used to fund building the world’s largest lithium-ion battery recycling facility, as well as research and development.

The company brought in seven new investors in the latest funding round, including Ek and Swedish entrepreneur Cristina Stenbeck. Baillie Gifford, a Scottish asset manager that is one of Tesla’s
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largest independent shareholders, is another new backer.

Plus: Here are two stocks that stand to benefit from California’s

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How to Play Goldman Sachs’ Big Call This Week on Micron Technology Stock



a close up of a screen: mu stock


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mu stock

In a market made up of stocks, Micron Technology (NASDAQ:MU) is one known to march to the beat of its own drummer. But in today’s market, is now a better time to buy, sell or hold off on MU stock? Let’s explore what’s happening off and on the price chart, then offer a risk-adjusted determination aligned with those findings.



a close up of a screen: mu stock


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mu stock

Despite a punishing novel coronavirus detour earlier this year, 2020 has turned into a standout year for the Nasdaq Composite index. On the back of influential and dazzling rallies in Apple (NASDAQ:AAPL), Tesla (NASDAQ:TSLA), Amazon (NASDAQ:AMZN), Nvidia (NASDAQ:NVDA) and others, the index has soared to new highs and returned more than 23%.

No doubt investors can thank the Nasdaq’s strong gains to both a loose-handed, generous Fed

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Goldman Says Stocks Will Hit New Record Highs Again By End Of 2020

Topline

Despite the recent market sell-off, rising optimism about a coronavirus vaccine and progress with reopening the economy should propel stocks back to record highs before the end of the year, according to a recent note from Goldman Sachs.

Key Facts

Goldman raised its year-end target for the S&P 500 to 3,600, implying a 6% upside from Monday’s close of around 3,383.

“Despite the sharp sell-off in the past week, we remain optimistic about the path of the U.S. equity market in coming months,” David Kostin, Goldman’s head of U.S. equity strategy, said in a note on Monday.

The S&P 500 is now attempting to rebound from its first two-week losing streak since May, which was sparked by a sharp sell-off in high-flying technology stocks that pushed the Nasdaq

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What Is Apple Worth? Less Than Investors Think, Says Goldman

Apple  (AAPL) – Get Report is a great company with solid long-term sales and earnings prospects, especially with the newest iPhone set to hit the market this fall, but it is still trading higher than where it should be.

That was the message from Goldman Sachs analyst Rod Hall on Tuesday, who wrote in a research report that the technology giant still doesn’t appear to have enough sales and earnings momentum to justify the stock’s current valuation, especially relative to other tech giants like Amazon (AMZN) – Get Report and Microsoft (MSFT) – Get Report.

In his note, Hall said Apple’s growth rates “aren’t consistent with the narrative that has driven the stock to its highest premium vs. the S&P 500 since 2011,” and that other tech firms like Amazon and Microsoft “are delivering the numbers and yet are valued at about the same

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