Goldman Sachs is exploring strategic alternatives for its consumer arm and FinTech unit GreenSky as it scales down its retail ambitions. Among the firms that submitted initial bids for the installment lending platform, which Goldman Sachs acquired for $2.24 billion last March, are Apollo Global,...
Following its $3.3 billion acquisition of Jet.com this past fall, Walmart is looking to expand its offerings beyond its own website to compete with eCommerce giants like Amazon. While both companies will remain separate entities and will continue to operate as such, a Walmart spokesperson...
August 14, 2023
Consumer sentiment is improving overall, with decreased expectations of inflation. According to the July 2023 Survey of Consumer Expectations released by the Federal Reserve Bank of New York’s Center for Microeconomic Data, inflation expectations declined at the short-, medium- and longer-term horizons. At the one-year-ahead horizon, consumers’ median inflation expectations dropped from 3.8% to 3.5%. At both the three-year […]
June 13, 2023
Goldman Sachs is exploring strategic alternatives for its consumer arm and FinTech unit GreenSky as it scales down its retail ambitions. Among the firms that submitted initial bids for the...
