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Added on the 21/09/2021 09:15:12 - Copyright : Wochit
Tiffany Wood has been an active 'super user' seller on Poshmark since 2015, and her loyalty has truly paid off. According to Business Insider, Wood now has a $12,000 nest egg because she bought stock in the company's initial public offering. In a leaked email, Poshmark let super users know the company had reserved 330,000 shares that they, and their friends and family, could purchase. The max buy was 150 shares. Wood bought 149 shares at $42 a share--the initial share price. On day one, her stock went up to a value of $14,378. By the market's close on Friday, shares were trading at $83.20. Wood's stake is still worth $12,397 with a healthy profit of $6,139. And she's thrilled!
Following Wednesday's violence on Capitol Hill, Goldman Sachs has made an ask. Goldman Sachs asked small-business owners not to wear "Storm the Hill" T-shirts. The company mailed them for an unrelated event, The Wall Street Journal reported Thursday. The virtual event, planned for January 13, is to encourage small-business owners. The plan was to pressure lawmakers to pass additional COVID-19 relief for businesses. But the bank rebranded the event after pro-Trump terrorists literally stormed the hill on Wednesday.
Getty Images Storied Wall Street bank Goldman Sachs has been going through some massive changes under CEO David Solomon. It's taken big steps involving transparency and inclusion to change up its culture. It has seen a slew of partner departures — many in the securities division. And it's making big pushes into businesses like wealth management and transaction banking. The bank announced third-quarter earnings on Wednesday that trounced Wall Street's estimates and showed continued strength through the coronavirus pandemic. The latest on people moves, deals, wealth management Goldman Sachs' Joe Duran is planning to hire dozens of advisors for the firm's wealth business, and says it's getting a boost from companies pushing early retirements and layoffs Goldman Sachs just shook up its divisions to create a new consumer and wealth-management arm that will be run by Stephanie Cohen and Tucker York Read the full memo Goldman Sachs just sent announcing a leadership shakeup in its powerhouse M&A group A majority of Goldman Sachs' summer interns prefer Instagram to TikTok, believe remote work hurts relationships, and think Biden will be elected president in November Goldman Sachs, JPMorgan, and Citi are Wall Street's most active fintech investors.
Wall Street saw US stocks slide on Tuesday, as fiscal stimulus negotiations lurched into stalemate territory. According to Business Insider, initial results of the third-quarter earnings season kick-off from banks like Citigroup and JPMorgan also failed to impress investors. Apple announced its new iPhone 12 lineup--the tech giant's first major redesign of its flagship product in over 3 years. It didn't go over well: Apple's stock slid, too. And even gold, the ever-popular commodity, fell as much as 1.9%, to $1,886.54 per ounce. However, a breakthrough in stimulus talks could be near, as Senate Majority Leader Mitch McConnell signaled support for passing a deal prior to the upcoming election.
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