Goldman Sachs
Showing 601–615 of 1298 transcripts.
- 10 min
Real Estate’s Road to Recovery
Driven by vaccination rollouts and economic stimulus, real estate prices have surged 40% over the past year while investors pivot toward high-growth Sunbelt markets and consumer-oriented sectors like leisure travel. Despite this recovery, urban office and multi-family assets in major gateways face persistent headwinds due to shifting work mandates and significant population declines in New York and San Francisco. The sector now navigates a new cycle defined by flexible hybrid work models, demographic migration to affordable regions, and strategic capital deployment toward senior care, affordable housing, and broadband infrastructure initiatives.
- 10 min
Central Banks and the Fight Against Climate Change
Central banks globally are expanding their mandates beyond price stability to actively incorporate climate risk management and social equity goals, exemplified by the Federal Reserve's inclusive employment framework and the Bank of England's climate integration. While leaders like Christine Lagarde defend these shifts as necessary realities, critics warn of mission creep and potential conflicts between environmental objectives and short-term monetary policy. This strategic pivot is accelerating through institutional cooperation via networks like the NGFS, fundamentally altering investment landscapes by pricing sustainability into asset valuations and delaying traditional policy normalization.
- 15 min
Mike Sievert, President and CEO of T-Mobile
Following a 2012 strategic pivot under former leadership, T-Mobile transformed from a declining carrier into an industry leader through its "Un-carrier" initiative and a renewed focus on customer-centric values. CEO Mike Sievert is now driving a dual focus on restoring in-person collaboration via 5G-enabled telepresence while accelerating social impact through initiatives like Project 10 Million, which has connected over two million students to the internet. The organization further solidifies its market position by committing to the Climate Pledge, aiming to achieve 100% sustainability by year-end while expanding connectivity to rural and marginalized communities.
- 21 min
The Exit Interview: Jake Siewert on the Media, Communications and the Role of Podcasts
After a decade-long tenure transforming Goldman Sachs' external narrative, Global Head of Communications Jake Seward is stepping down from his role and the "Exchanges at Goldman Sachs" podcast in favor of Senior Strategist Allison Nathan. Seward's departure follows a strategic era where the firm shifted from silence to a proactive, direct-to-consumer media model that utilized deep-dive conversations to bridge the gap between internal culture and public perception. Under the new leadership, the program continues to evolve by bypassing traditional gatekeepers to serve niche industries while prioritizing employee engagement and expert interviews over daily market commentary.
- 16 min
Mary Dillon, CEO of Ulta Beauty
Under the leadership of Mary Dillon, Ulta Beauty transformed its market strategy to prioritize multi-ethnic demographics and a hybrid retail model, resulting in a tripling of market capitalization and over 1,200 store locations by 2024. The company has advanced its sustainability goals through the "Conscious Beauty" platform and launched a strategic partnership with Target to establish 100 exclusive shops while maintaining an aggressive expansion in suburban real estate. As Dillon transitions to Executive Chair, she hands the CEO role to Dave Kimball, who will continue to drive innovation and authentic representation to capitalize on the brand's evolving loyalty ecosystem.
- 8 min
The Oil & Gas Industry’s Transformation
Goldman Sachs' 18th "Top Projects" report details how decarbonization pressure has halved oil resource life to 25 years, triggering a supply-led bull market driven by deep underinvestment. This capital constraint accelerates industry consolidation and favors major oil firms with superior efficiency, positioning them to replicate the high-return resurgence of the post-regulation tobacco sector. Consequently, the market is bifurcating between stranded asset fears and capital allocation strategies that support "Big Oil" returns while forcing service providers to pivot toward broader energy solutions.
- 10 min
Why Global Insurers Are Leaning Into Risk
Goldman Sachs' 10th annual insurance report surveyed 286 respondents representing over $14 trillion in assets to reveal a global "risk-on" strategy where insurers are shifting allocations toward private equity, private credit, and floating-rate assets to capture illiquidity premiums. While inflation concerns have replaced deflation fears and credit cycle optimism places the market in the middle stage, participants project recessions more than three years away and are increasingly integrating ESG factors into underwriting and investment processes. This widespread appetite for higher yields and impact investing is most pronounced in Asia, where rapid growth contrasts with slower European expansion, fundamentally reshaping capital deployment across life, property casualty, healthcare, and reinsurance sectors.
- 9 min
The Rise of Sports Gambling in the US
Goldman Sachs Research projects the US online sports betting market will reach $39 billion by 2033, driven by the post-PASPA legalization framework and a strategic convergence between media companies and gambling operators targeting users under 40. While the industry anticipates a 40% annual growth rate outpacing e-commerce, New York's proposed restrictive lottery model with over 50% taxation threatens to compress operator margins and potentially redirect consumers to offshore channels. Ultimately, the inclusion or exclusion of New York from the forecast marginally adjusts the total addressable market between $36 billion and $40 billion, underscoring the sector's substantial potential despite varying state-level regulatory risks.
- 15 min
Dana Perino, Former White House Press Secretary, Fox News Anchor, and Author
Former White House Press Secretary Dana Perino launches her *New York Times* bestseller *Everything Will Be Okay* to address the persistent anxieties women face in their twenties and thirties regarding career barriers and self-doubt. Drawing from her unplanned ascent from the Justice Department to the White House and her creation of the "Minute Mentoring" program, Perino shares strategies for converting negative feedback into productive energy while advising women to seize roles others avoid. The event culminates in anecdotes about her unexpected appointment and the psychological resilience required to navigate high-stakes government service, emphasizing that success often follows moments of perceived failure.
- 12 min
Australia’s Macro Outlook and Monetary Policy
Driven by near-eradication of virus transmission and massive fiscal stimulus, Australia's economy has rebounded to pre-COVID baselines, prompting Goldman Sachs to forecast 5% growth for 2021. The Reserve Bank of Australia has implemented Yield Curve Control to peg the 3-year bond yield at 0.1% until 2024, a strategy designed to support a housing market reflation that is expected to lift prices by 20% while maintaining ultra-dovish forward guidance. Despite some market skepticism regarding the policy's credibility, the RBA plans a gradual, natural unwind of the program paired with extended quantitative easing to avoid sudden financial disruption.
- 17 min
Lewis Pugh, Endurance Swimmer and United Nations Patron Of The Oceans
Lewis Pugh leverages his history of extreme endurance swims to visually expose the accelerating pace of climate change and ocean degradation to global leaders. By swimming in the Arctic and Himalayas, he highlights critical environmental threats while successfully advocating for the "30x30" target that has inspired 75 nations to protect 30% of their waters by 2030. His work aims to bridge the gap between slow diplomatic processes and urgent ecological needs by persuading resource-rich nations to adopt stricter conservation measures.
- 25 min
The Evolution of LGBTQ+ Rights in Japan: A Conversation With GS Advocates
Hiroki Inaba, Masakazu Yanagisawa, Akiko Koda, Jake Seward, Masa Yanagisawa
Following a landmark Japanese court ruling that declared the failure to recognize same-sex marriage unconstitutional, a panel of corporate leaders and activists discussed the resulting legislative momentum and shifting public sentiment. Highlighting data from Dentsu indicating 80% support among citizens aged 20–59, the conversation detailed how major firms like Goldman Sachs, Sony, and Panasonic have expanded inclusive benefits to attract global talent and address workplace inequities. With industry participation rising from 87 to 183 companies between 2017 and 2020, these stakeholders expressed confidence that ongoing legal and cultural transformations will soon mandate nationwide marriage equality in Japan.
- 9 min
Supply Chain Strain
Following a decade of industry consolidation and significant vessel scaling, the global container shipping sector now faces compounded disruptions from pandemic-era labor shortages and the Suez Canal blockage, which have extended port congestion and supply chain delays to three weeks. Goldman Sachs advises industrial clients to restructure "just-in-time" supply chains by increasing forward planning horizons and diversifying supplier bases to navigate bottlenecks projected to persist through the third quarter. Despite these operational challenges, the sector is currently generating strong performance and positive cash flows as seaborne trade volumes continue to outpace GDP growth.
- 9 min
Investing in Nature-Based Solutions
Driven by regulatory mandates and investor pressure, over 1,600 companies within the MSCI ACWI index are now declaring greenhouse gas reduction targets while adopting strategies that prioritize direct emissions cuts alongside high-integrity nature-based solutions. Goldman Sachs and Apple exemplify this shift through their Restore Fund partnership, which utilizes rigorous third-party verification to generate financial returns from sustainable forestry and agriculture while ensuring verified carbon sequestration. Looking ahead, the sector is evolving toward greater financial innovation and cross-sector collaboration to align diverse stakeholder incentives with global net-zero objectives.
- 7 min
What’s Ahead for the U.S. Dollar?
Goldman Sachs Research abandoned its dollar-short strategy following flat Q1 201 results but identified the euro as a primary appreciation target with a 12-month forecast of 1.28. Co-Head Zach Pandel attributes this bullish European outlook to stabilizing pandemic conditions, accelerating vaccinations, and anticipated adjustments to the European Central Bank's bond purchase program. Simultaneously, the firm projects a long-term decline in the dollar's reserve currency share due to competition from a common European bond market, China's financial opening, and negative impacts from the Biden administration's proposed corporate tax hike.