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Alphabet through Google Cloud has identified a huge gap in the Saudi Arabia cloud infrastructure and intends to fill it despite the impending competition. As 2020 financial books come to a close and welcome a new year, Alphabet Inc (NASDAQ: GOOGL) has been working on delivering a better financial year despite
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Interestingly, Coinbase co-founder and board member Fred Ehrsam is a former trader at Goldman Sachs.The Coinbase exchange announced on Thursday that it had filed for an IPO with the Securities and Exchange Commission (SEC). A report by Business Insider asserts that Coinbase has reached out to Goldman Sachs in hopes
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Digital currency exchange Coinbase has reportedly approached Goldman Sachs to lead its upcoming initial public offering — a move that could bolster the appeal of cryptocurrencies to a broader mainstream audience. Citing two sources familiar with the matter, Business Insider reported Friday that Coinbase is looking to Goldman Sachs to handle
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Goldman Sachs is reportedly one of several financial institutions to sign on to JPMorgan’s custom blockchain service — a sign that more broker-dealers were looking to take advantage of digital currencies for their repo operations.In an interview with Bloomberg, Scott Lucas, head of blockchain markets at JPMorgan, said the investment
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Despite that Robinhood had not officially announced the IPO, the sources stated that the trading company would go public before the end of 2021 Q1.Trading platform Robinhood Markets Inc has chosen investment banking company Goldman Sachs to lead its initial public offering (IPO) in 2021. The trading app also hopes that the
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Trading app Robinhood has chosen Goldman Sachs to lead the way for an initial stock offering which could come in 2021 and value the trading app firm at more than $20 billion, people familiar with the matter told the N.Y. Post.The story is developing and will be updated as more
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The digital yuan, China’s planned national virtual currency, would account for 15% of total consumption payments in ten years, helping commercial banks gain more ground from fintech companies, according to a Nov. 17 Goldman Sachs report shared with CryptoX.The Digital Currency Electronic Payment (DC/EP) could be a more attractive alternative
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Goldman Sachs is predicting a Democratic clean sweep in November as the best outcome for the U.S. economy.Other analysts are predicting something similar, with increased fiscal stimulus seen as the main catalyst for improved GDP.But a Biden victory is still far from certain, let alone a Democratic clean sweep.Goldman Sachs
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Goldman Sachs expects profit margins to jump in 2021.Goldman’s forecast is based on strong U.S. and global economic growth in the coming year.The stock market is facing many downside risks that we shouldn’t overlook.Goldman Sachs is optimistic about corporate profitability in 2021. The bank expects the U.S. stock market’s margin
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Goldman Sachs strategists believe the markets might be overestimating the risks from the November presidential election.While some analysts anticipate massive volatility spikes after the election, Goldman said S&P 500 would be able to gauge the winner.The confluence of surging COVID-19 cases and the uncertainty around the election are causing market
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