Femi Ogunjimi co-founded the Nigerian financial firm CardinalStone in 2008. He now focuses on its private equity arm, CardinalStone Capital Advisers, which invests in companies across West Africa. He spoke to How we made it in Africa editor-in-chief Jaco Maritz about his journey as an entrepreneur and investor. Topics discussed during the interview include: The…
SpaceX, which is getting set to publicly disclose its IPO prospectus, has picked Goldman Sachs to lead what’s likely to be a record offering, according to people familiar with the matter. Goldman will have the lead left position on the prospectus, followed by Morgan Stanley, and then Bank of America, Citigroup and JPMorgan Chase, said…
An employee smiles while looking at her mobile phone in front of a digital board showing the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange (KRX) in Seoul, South Korea, on April 21, 2026. Chris Jung | Nurphoto | Getty Images North Asian markets are outperforming those in the south of the continent,…
AI’s potential to disrupt businesses has sparked concerns over the dependency of US equity valuations on long-term growth forecasts, particularly in the software sector, Goldman Sachs said. “Terminal value” — a company’s worth beyond the next 10 years based on estimated earnings — accounts for about 75% of the S&P 500’s equity value, near a…
First all-women cohort of winners hails from Colombia, Nigeria, Papua New Guinea, South Korea, the UK and the US. This year’s prestigious Goldman Environmental Prize has been awarded to six grassroots environmental activists from around the world for their efforts to fight climate change and save biodiversity. For the first time since the prize was…
The top lawyer at Goldman Sachs, Kathy Ruemmler, said Thursday that she would leave the prestigious Wall Street firm amid controversy over her email correspondence with Jeffrey Epstein, which the Justice Department disclosed in recent weeks. In an interview with The Financial Times, Ruemmler said: “I made the determination that the media attention on me,…
Goldman Sachs Asset Management is making a big bet on defined outcome exchange-traded funds — also known as buffer ETFs, which use options to help protect against market losses. This month, Goldman Sachs agreed to buy defined outcome ETF provider Innovator Capital Management for $2 billion. The deal is expected to close in the first…
Gold has been on a tear this year, and now a Goldman Sachs survey shows many investors think the precious metal will hit a new all-time high of $5,000 by the end of 2026. Gold prices have rallied 58.6% year-to-date, and broke through the landmark $4,000 level for the first time on Oct. 8. In…
Bonds may be more than just a safe haven. BondBloxx ETFs’ Tony Kelly, a former Goldman Sachs Asset Management global ETF head, contends it’s where investors can also play offense due to the market backdrop. “It’s definitely getting more nuanced,” the firm’s co-founder told CNBC’s “ETF Edge” this week. “Advisors are being a bit more thoughtful…
Goldman Sachs CEO David Solomon speaks during the Goldman Sachs Investor Day at Goldman Sachs Headquarters in New York City, U.S., February 28, 2023. Brendan Mcdermid | Reuters Goldman Sachs on Wednesday posted results that topped expectations as its trading operations generated $840 million more revenue than analysts had expected. Here’s what the company reported:…
