News 

Pinterest confidentially files for IPO, with expected valuation around $12 billion

“The company and its underwriters, led by Goldman Sachs Group Inc. and JPMorgan Chase & Co., are eyeing a late-June listing, some of the people said” writes Maureen Farrell for marketwatch.com. Pinterest Inc. has confidentially filed paperwork with the Securities and Exchange Commission for an initial public offering, according to people familiar with the matter, as the online-image search company joins a parade of highly valued technology startups planning to list their shares in 2019. Source: marketwatch.com

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Bank analyst Dick Bove says sell Goldman Sachs: ‘Legal issues are just beginning’

“Longtime bank analyst Dick Bove warned clients Thursday that Goldman Sachs’s recent troubles in Malaysia are “just the beginning” of its legal woes” writes Jin Lee for cnbc.com. If true, this will lead to meaningful changes in company operations and personnel.A frequent target of Bove’s frustrations was former Goldman CEO Lloyd Blankfein, whom the analyst often critiqued for his management during the 2008 financial crisis. Source: cnbc.com

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WSJ: Apple and Goldman Sachs’ joint credit card due this spring with cool Wallet features

“Having a credit card of its own would enable Apple to take a bigger slice of the swipe fees versus Apple Pay purchases via third-party credit or debit cards” reports idownloadblog.com. Tellingly, the Wallet app has received some noteworthy visual changes in the iOS 12.2 beta, potentially foreshadowing the credit card’s arrival.In a similar fashion, “rings” in the Wallet app would close as users hit daily targets.Apple and investment bank Goldman Sachs are working on a joint credit card, to be launched this spring, that will have some unique features…

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Apple, Goldman team up on credit card paired with iPhone

“Apple Inc. and Goldman Sachs Group Inc. plan to start issuing this spring a joint credit card paired with new iPhone features that will help users manage their money” writes Tripp Mickle for marketwatch.com. The credit card is Goldman’s GS, -1.04% first, and a heavy lift.The bank is adding customer-support call centers around the country and building an internal system to handle payments. Source: marketwatch.com

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Apple is teaming up with Goldman Sachs to launch a credit card later this year

“Both Apple and Goldman Sachs are banking on this credit card being a success” writes Matt Binder for mashable.com. The company also takes a cut from credit card transactions made through Apple Pay, so Apple is already quite familiar with how much revenue it can generate from credit card.Apple is jumping into the credit card business with Goldman Sachs.The joint credit card with Goldman Sachs will use Mastercard’s payment network.According to a report in the , Apple and Goldman Sachs are joining up to launch a new credit card that…

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Goldman Sachs and Apple are reportedly partnering to launch a new iPhone-linked credit card

“Goldman Sachs is reportedly partnering with Apple to launch a new credit card paired with fresh iPhone features, according to a story from the Wall Street Journal Thursday” writes Will Martin for businessinsider.com. It will be the first consumer credit card launched by Goldman Sachs, which has only been active in the retail banking space for around two years.The card will reportedly give customers additional features in Apple’s pre-existing wallet app, which allows iPhone users to link bank cards to their phone and use Apple Pay to pay for goods…

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News Platforms 

Goldman Sachs backs U.S. construction finance tech startup Rabbet

“We firmly believe construction finance is going to be automated and brought out of its decades-old, paper-ridden process,” David Bell, managing director of Goldman Sachs’ construction group, said in an interview” reports businessinsider.com. Rabbet’s platform helps companies involved in construction finance — such as banks, developers, and contractors — digitize and view documents relevant to a deal.Mitchell said Goldman’s construction finance division was using Rabbet’s software.FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the NYSE in New York Thomson…

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GBP News 

Goldman Sachs sees no changes Brexit outcome odds after yesterday’s vote

“The firm views that there is a majority in parliament to avoid a no-deal outcome if called upon and says that there is no majority for another referendum, in justifying the above odds” reports forexlive.com. As for yesterday’s development, the firm says that: The firm continues to see the probability of a no-deal Brexit being at 15%, the probability of a no Brexit outcome being at 35%, and a probability of a ratified/delayed Brexit deal being at 50%. Source: forexlive.com

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Markets News Stocks 

GOLDMAN SACHS: There’s striking proof that a stock-market slowdown is near, and surviving it will require the use of one time-tested strategy

“That’s according to equity strategists at Goldman Sachs, who are advising investors to prioritize a strategy that susses out single-stock winners over relying on positive macro news to lift the broader market” writes Akin Oyedele for businessinsider.com. The prospect of moderate returns raises the importance of finding single stocks that can outperform the broader market.Expectations haven’t materially improved, so Goldman isn’t counting on the economy to be an exceptional driver of stock-market returns in the near term.These two factors leave the market without much upside potential in the near term,…

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