Table of Contents

• Goldman Sachs

• Apple

Top Stories Today

Economy & Finance

Goldman Sachs

Goldman Sachs posted stronger-than-expected third-quarter earnings, driven by increased activity in bond sales, stock offerings, and mergers, boosting its shares by over 3%. The bank’s investment banking division saw a 20% rise in fees, helped by a rebound in capital markets and client demand for acquisition financing. Advisory revenue surged, including a major role in the $36 billion acquisition of Kellanova by Mars. However, Goldman recorded higher credit provisions and writedowns related to its consumer business, including a costly exit from its credit card partnership with GM. Overall, net income climbed 45% to $2.99 billion, exceeding forecasts.

Technology

Apple

Apple has introduced its latest iPad mini, equipped with advanced AI features such as enhanced writing tools and an upgraded Siri assistant, aiming to enhance user experience with artificial intelligence. The device is powered by the A17 Pro chip, which significantly improves processing speed—about 30% faster than previous models—and is also found in the iPhone 15 Pro. The AI features, part of the upcoming iPadOS 18.1 update, will initially launch in English for U.S. users and extend to additional tools like image generation and ChatGPT-powered functions in the coming months. Pre-orders for the iPad mini, priced at $499, start today, with deliveries expected next week.

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