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Goldman Sachs exec says upcoming Dallas campus represents growth opportunity

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Goldman Sachs exec says upcoming Dallas campus represents growth opportunity

EXCLUSIVE: Goldman Sachs is making progress on its new 800,000-square-foot campus in Dallas as it deepens its presence in the city, which has emerged as a key regional financial hub.

The firm has a longstanding presence in the Dallas metro area, where it has its second-largest base of employees in the U.S. behind only its New York City headquarters, and the new campus will allow Goldman Sachs to combine two offices into one facility where all the firm’s various business units can be situated and collaborate.

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Ericka Leslie, chief administrative officer at Goldman Sachs, told FOX Business in an interview after visiting the new campus in Dallas as construction continues that “I can’t say it enough, I think Dallas is a great place to do business, it really is. The building is beautiful.”

“We’re in two buildings now, we’re going to be able to combine everybody into this state-of-the-art space, and it’s right next to the Perot museum, and the city itself is very vibrant. So we’re looking forward to it, and we’re going to grow there,” Leslie said. “It’s a growth opportunity for us inside of the United States, and it’s a really vibrant place to do business.”

WHY MAJOR FINANCIAL FIRMS ARE EXPANDING TEXAS PRESENCE BEYOND TRADITIONAL WALL STREET HUB

Goldman Sachs' Dallas campus under construction

The new Goldman Sachs campus in downtown Dallas is under construction, with a projected opening in January 2028. (Shelby Tauber for The Washington Post via Getty Images)

The new campus will include an auditorium as well as a wide range of amenities, including a wellness center, fitness facility, a backup daycare, multiple spaces offering cafeteria or cafeteria-like services, a coffee bar and outdoor spaces with trees and shade.

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Employees will be able to park underneath the building and a retail space will be built across the street that offers additional options nearby for those working at the new campus.

“I find people want to leave their desk, so to speak, and go to another place, but maybe they only have 30 minutes free, and they want to grab a coffee or have a conversation with people,” Leslie said.

“There are a lot of places where you can meet up and sit down and be outside or be inside. And I think that’s really important to people because it gets hot there in the summer, people don’t want to have to walk around outside, it’s completely air-conditioned.”

GOLDMAN SACHS TO CONTRIBUTE $1,000 TO TRUMP ACCOUNTS FOR ELIGIBLE CHILDREN OF EMPLOYEES

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Goldman Sachs Dallas, Texas, office rendering

The new campus will offer views overlooking downtown Dallas and the Perot Museum, including from outdoor areas. (Goldman Sachs)

The new campus will also have a park outside that’s about an acre and a half in size, which Leslie said crews were working on when she visited the site.

“The outside of the building is mostly complete, and they have to do that in order to start fitting out the inside of the building and air conditioning it, so that will begin fairly shortly. We’re looking for a launch around January 2028,” Leslie said.

She noted that stiff competition for work crews amid the construction boom in the Dallas area has contributed to some delays, though the new campus is still expected to open on schedule.

“The project is mostly on time. It’s slightly delayed, there’s quite a bit of development going on in Dallas right now, and so we’re seeing small delays,” she said, adding that the company expects to be occupying the space in January 2028.

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Y’ALL STREET LAUNCHES: TEXAS STOCK EXCHANGE GOES LIVE IN DALLAS

Goldman Sachs Dallas, Texas, office rendering

The new Goldman Sachs campus in Dallas will allow the firm to consolidate and grow its presence in the region. (Goldman Sachs)

Leslie noted that Goldman Sachs was one of the firms that contributed to the launch of the Texas Stock Exchange in Dallas, which went fully live for the first time in late July, while other companies are looking to move into the area or are considering doing so.

She added that as more companies are attracted to downtown Dallas, she sees the city becoming more of an urban center with people choosing to live within the city rather than commuting in from the suburbs.

Goldman Sachs CEO David Solomon told CNBC in an interview this week that the firm’s headcount in New York City has remained at a little less than 10,000 and hasn’t grown in about 20 years, while it has expanded its overall U.S. headcount with growth in places like Dallas and Salt Lake City. Solomon said that “talent plays a role in it – where is talent available – but also policy, taxes, environment.”

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Leslie echoed that sentiment, telling FOX Business that “We like to go to places where you can attract young talent, and New York has always been a place where people want to work when they first get out of college.”

“But I was really surprised walking the Katy Trail [in Dallas] and seeing the number of people that are just starting out in their careers and out walking, getting exercise. I can’t emphasize this enough, there were thousands of people – I almost couldn’t make my way, I had to keep going around people,” she said. “It was a really nice thing to see.”

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“I think more and more you’re going to end up seeing places where you’ve got really robust talent pools, you have a lot of universities, and it’s going to be a place where we’re going to attract young people,” Leslie added. “I think Dallas has a really bright future.”

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Broadcom: Not Out Of The Woods, Just Cheaper (Rating Upgrade)

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Broadcom: Not Out Of The Woods, Just Cheaper (Rating Upgrade)

Broadcom: Not Out Of The Woods, Just Cheaper (Rating Upgrade)

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Dolly Parton’s Nieces Share Cherished Final Memories Of ‘Aunt Granny’ Before Her Death In Sevierville

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Last year Dolly Parton gave $1 million to Vanderbilt University which helped develop Moderna's coronavirus vaccine

Dolly Parton’s nieces are sharing intimate memories of the late country music icon, offering fans a rare glimpse into the private, everyday moments they shared with the woman they knew simply as “Aunt Granny.”

Heidi Parton and Danielle Parton, the daughters of Dolly Parton’s younger brothers, Randy and Robert Jr., respectively, appeared on TODAY on Sept. 3 to reflect on their late aunt, recalling both her trademark humor and the down-to-earth guidance she offered them throughout their lives. The two spoke from the family’s hometown of Sevierville, Tennessee, as they recounted the last times they spent together with Parton in person.

Heidi Parton, a country musician in her own right, recalled receiving career advice from her aunt after releasing her most recent album, “Reflections,” in 2025.

“I sat down and had a very sweet, in-depth conversation about how to proceed with my career,” Heidi Parton said. “We talked for about an hour and she was like, ‘Baby, I’m just going to tell you this. You’ve got the talent. If you want it, go get it.’ I’m like, ‘Yes ma’am.’”

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Heidi Parton described the conversation as one she now holds especially close, given how rare that kind of one-on-one time with her famous aunt had become in recent years.

“We had a really good conversation,” she continued. “She was just so sweet and so supportive, and it was just really precious because I hadn’t gotten to do that in so long. I really just hold that very close to me now.”

Danielle Parton, 50, who shares a January birthday with her aunt, recalled having lunch together in February to celebrate their birthdays. That lunch came shortly after the death of legendary actor Robert Duvall at age 95, prompting Danielle to ask her aunt whether she had known him personally.

“We were discussing about who passed and I said, ‘Have you met him?’ And she’s like ‘Oh yeah, he’s precious,’” Danielle Parton recalled. The conversation soon turned to a broader reflection on fame itself, as Danielle asked her aunt how she viewed her own extraordinary level of celebrity.

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“We were talking about different stars and how interesting it is that she’s got to meet all these other people, and I said, ‘Do you ever think of yourself as famous? How do you see yourself?’” Danielle Parton recounted. “She goes, ‘Oh, no.’ She goes, ‘I’m still the same kid I was growing up poor,’” Danielle added, noting that her aunt genuinely lived by that self-perception.

Beyond deeper conversations about career and identity, the nieces recalled simpler, more ordinary moments they shared with their aunt, including a shared love of casual food.

“She liked regular food. Oh, she was a fast food junkie,” Danielle Parton said. “We were always talking about our food and stuff. We were just regular girls, and we were talking about regular stuff, and just life.”

Danielle Parton, who works as a pilot and owns the moonshine distillery Shine Girl, said her aunt also offered her business guidance rooted in the same straightforward wisdom she gave Heidi about her music career.

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“She was good about, ‘Trust your gut. You know what’s right for you and don’t let anybody sway you from it,’” Danielle Parton said.

Danielle Parton was among a small group of family members who attended a private ceremony laying Dolly Parton to rest in Nashville alongside her husband of 59 years, Carl Dean, who died in 2025 at age 82.

“It was very, very private,” Danielle Parton said of the ceremony. “I don’t even know if I was supposed to be there, I just happened to be in town when all this took place.”

According to Danielle Parton, roughly 10 people attended the intimate service. Dolly Parton’s first cousin, Richie Owens, separately confirmed on TODAY the same day that he had also been among those present.

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Reflecting on the atmosphere of the ceremony itself, Danielle Parton described a sense of calm that helped her process the loss.

“Not even close to anywhere near all of us. She was beautiful and peaceful and to me, I don’t know if I want to say healing, but she was beautiful and she was at peace, and so that helped me be at peace with it,” Danielle Parton said.

Danielle Parton went on to reflect more broadly on her aunt’s relentless work ethic throughout her decades-long career as a singer, songwriter, philanthropist and businesswoman, suggesting that Dolly Parton’s death may have finally brought her a form of rest she rarely experienced during her life.

“If there’s anybody that deserved a little peace in their life, it’s her because she never had a moment’s peace, ever,” Danielle Parton said.

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Danielle Parton also spoke to the extraordinary scale of public affection her aunt inspired throughout her career, describing the sheer volume of people who wanted even a brief moment with her.

“If you ever thought, ‘Well I just want to meet her,’ well, times that by like 10 million and that’s how many people always just wanted to meet her, just wanted to say hi,” Danielle Parton said. “And then she had all of us driving her crazy all the time.”

The TODAY appearance by Heidi and Danielle Parton adds to a series of tributes and personal remembrances shared by members of Dolly Parton’s extended family and close friends in the weeks following her death, offering fans a window into the more private, familial side of a public figure widely regarded as one of the most beloved entertainers in American music history. Both nieces have continued pursuing careers connected to their aunt’s broader legacy, with Heidi Parton building her own path in country music and Danielle Parton running her own business, both fields in which they credited their aunt’s guidance as a lasting influence.

The sisters’ recollections, spanning career advice, shared meals and quiet conversations about fame and identity, painted a portrait of a woman who, despite her global stardom, remained deeply connected to her family and her rural East Tennessee roots throughout her life, a theme that has recurred consistently across tributes shared by those who knew Parton personally in the aftermath of her death.

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U.S. Adds Just 38,000 Private Sector Jobs in August

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Stocks Little Changed After Fed Decision

The private sector’s hiring momentum proved a bit weaker than expected last month, with several major sectors shedding jobs, according to new employment data released Wednesday.

The U.S. added 38,000 jobs to private payrolls in August, according to the ADP National Employment Report. Employment in the manufacturing, professional services, and information sectors declined last month.

That’s lower than the 46,500 jobs economists surveyed by FactSet forecasted. In July, ADP reported that 46,000 jobs were added to private payrolls.

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Globe Trade Centre S.A. 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:GBCEY) 2026-09-03

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Mineralys: Why I’m Making Stock A Buy Ahead Of Hypertension Approval Decision (MLYS)

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Mineralys: Why I'm Making Stock A Buy Ahead Of Hypertension Approval Decision (MLYS)

This article was written by

Edmund Ingham is a biotech consultant. He has been covering biotech, healthcare, and pharma for over 5 years, and has put together detailed reports of over 1,000 companies. He leads the investing group Haggerston BioHealth.

The group is for both novice and experienced biotech investors. It provides catalysts to look out for and buy and sell ratings. It also provides product sales and forecasts for all the Big Pharmas, forecasting, integrated financial statements, discounted cash flow analysis and market by market analysis. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in MLYS over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Evercore ISI cuts Ciena stock price target on margin concerns

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Why you can’t find McDonald’s $3 value menu

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Why you can't find McDonald's $3 value menu

McDonald’s franchises nearly all of its restaurants in the United States, which means franchise operators have a significant say in operational changes. In some cases, for example, they can reject deal pricing.

Usually, when McDonald’s rolls out a promotion such as $2.99 Snack Wraps or $4 breakfast meals, only select franchise operators will not adopt the deal. Maybe franchisees operating in airports, rest stops, and other expensive real estate will pass on the deal, but most franchisees generally get on board.

That seemed to be what was happening with the chain’s new $3 Value Menu.

CFO Ian Borden noted during the chain’s first-quarter earnings call that franchisees overwhelmingly supported adding the promotion.

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“With unanimous approval through the franchisee field votes, we launched the revamped McValue platform in mid-April. The new under $3 menu features well-known a la carte items available throughout the day,” he said.

“Unanimous” sounded encouraging, but in reality, something else happened that put customers in a challenging position.

McDonald’s franchisees make their own choices

As a retail and restaurant writer who has covered these industries for more than 30 years, I generally expect heavily promoted deals to actually be on the menu when I visit a chain. That has not always been the case for McDonald’s Under $3 Every Day Affordable Price (EDAP) menu.

CEO Christopher Kempczinski explained the menu during the Q2 earnings call.

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“That is the EDAP menu. You could call that 10 items for under $3. That was sort of the last piece that we felt like we needed to get done in the U.S., and that was what McValue 2.0 was, as we referred to it. That’s what we introduced in April of this year,” he said.

The $3 menu “has not delivered against our expectation,” the CEO noted.

“Part of that was due to the fact that we’re getting really inconsistent execution. Only about, call it, 60% to 65% of our system is currently executing the recommended pricing architecture with the 10 items for under $3,” he added.

It’s not that those restaurants are selling those items for more than $3, they’re just not selling them at the prices the company suggests.

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Related: McDonald’s menu cuts fall favorite for the first time in 10 years

McDonald’s actually pulled other deals

While Kempczinski was careful to not blame franchise operators for the failure of the $3 menu, he did share that the chain had pulled other promotions to clear the way for its adoption.

“We compounded that unintentionally by our system pulling off a lot of digital offers. And digital offers for us is something that is core to kind of our loyalty program. It’s something that’s valued by our most loyal customers. And so that ended up being a bad trade,” he said.

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He blamed much of the company’s weak 0.8% Q2 U.S. same-store sales growth.

“Putting in an EDAP program that didn’t deliver and taking away a lot of digital offers and the Buy One, Add One program that was the point I referenced or Ian referenced in the call, which is 2/3 of our miss in the quarter was related to that bad trade,” he shared.

Some McDonald’s restaurant owners opt out of certain promotions.Shutterstock

McDonald’s needs buy-in from franchise operators

The chain’s franchise operators do not have to implement promotions created by corporate (but they usually do, albeit not always with the exact prices suggested by corporate).

“McDonald’s prices vary by location. Ninety-five percent of McDonald’s restaurants are independently owned and operated by franchisees, who have the ability to set their own prices,” the company shared on its website.

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That’s something the chain has to manage actively, according to RTM Nexus CEO Dominick Miserandino.

“McDonald’s corporate can spend millions on national ad campaigns promoting $5 meal deals, but the franchisee owns the register — and that’s where the strategy falls apart,” he told TheStreet.

Franchisees, however, don’t have to listen, and many have good reasons not to.

“Corporate can set a recommended price, but these operators are independent business owners fighting local wage spikes and rising food costs. When a franchisee looks at a low-margin national promo and realizes it eats into their bottom line, they simply opt out or jack up prices elsewhere on the menu to offset it,” he added.

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Consumers, however, don’t always understand why the commercials they see don’t match the reality in their local McDonald’s.

“That creates a massive disconnect for consumers. You see a dollar deal on TV, drive up to the window, and get charged full price because the local owner refused to take the margin hit. McDonald’s biggest pricing battle isn’t with food inflation — it’s with its own franchisees protecting their unit economics,” Miserandino shared.

ALSO READ: After closing 39 locations, 76-year-old Mexican chain has 1 left

This story was originally published by TheStreet on Sep 2, 2026, where it first appeared in the Restaurants section. Add TheStreet as a Preferred Source by clicking here.

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Wealthsimple Revenue: Why $155 Billion Earns Less Than You Think

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Wealthsimple Revenue: Why $155 Billion Earns Less Than You Think

Wealthsimple Revenue: Why $155 Billion Earns Less Than You Think

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Revolut wins conditional US banking license

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Revolut wins conditional US banking license

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Medici Brands raises $250 million in Series B funding

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Medici Brands raises $250 million in Series B funding














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Medici Brands raises $250 million in Series B funding | Food Business News

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