Dustin Cohn, Head of Marketing for "Marcus" by Goldman Sachs, discusses the investment bank's jump into the personal loan business.
Cohn digs into how the platform was named. Marcus Goldman was the founder of Goldman Sachs and "Marcus" had an approachable, Silicon Valley vibe to it that rings true in today's start-up climate. Each loan has fixed rates with zero fees and each customer can choose his own monthly payment. The loans cater toward helping people pay off credit card debt.
The advertising behind "Marcus" has a sense of humor which Dustin says was intended to add light to an industry that typically does not have one.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
