Goldman Sachs BDC has reported a net investment income of $0.40 per share for the third quarter, showcasing strong financial performance. This is significant as it reflects the company's ability to generate income and manage investments effectively, which can boost investor confidence and potentially lead to increased stock value.

Abby Joseph Cohen, a professor at Columbia Business School and former Goldman Sachs partner, shared her insights on New York City's economy following the election of Zohran Mamdani. During her appearance on 'Bloomberg The Close,' she highlighted the challenges economists face due to a lack of labor market data, suggesting that they are currently 'flying blind.' This discussion is important as it sheds light on the potential economic implications of political changes and the critical need for accurate job market information.

Goldman Sachs has made a significant move by promoting 638 employees to the role of Managing Director, a title that not only reflects their hard work but also comes with a substantial base salary of around $400,000, along with the potential for even larger bonuses. This expansion in the Managing Director group is noteworthy as it highlights the firm's commitment to recognizing and rewarding talent, which can boost morale and drive performance across the organization.

Spirit Airlines has announced it will permanently exit five cities as it grapples with significant financial losses projected to hit $804 million in 2025. This decision comes on the heels of the airline's second bankruptcy filing in less than a year, highlighting the ongoing struggles of low-cost carriers in a challenging market. The departure of key executives overseeing budget and human resources further underscores the turmoil within the company. This situation matters because it reflects broader trends in the airline industry and could impact travelers in those cities who rely on affordable flight options.

Goldman Sachs has raised its price target for Procore's stock to $90, reflecting confidence in the company's stabilizing growth. This adjustment is significant as it indicates that analysts believe Procore is on a positive trajectory, which could attract more investors and boost market confidence. Such developments are crucial for the tech sector, especially in a fluctuating economy.

Goldman Sachs has raised its price target for Patterson-UTI Energy's stock to $23, reflecting a positive outlook for the company. This adjustment indicates confidence in Patterson-UTI's performance and potential growth in the energy sector, which is significant for investors looking for promising opportunities in the market.

In October, the U.S. experienced its highest number of layoffs since 2003, driven largely by advancements in AI and cost-cutting measures. This trend raises concerns about job security and the future of work, as companies increasingly turn to technology to streamline operations. The discussions on 'The Pulse With Francine Lacqua' highlight the perspectives of industry leaders like Estelle Brachlianoff from Veolia and Ester Baiget from Novonesis, emphasizing the need for adaptation in a rapidly changing economic landscape.

Figma's stock has seen a significant rise following Goldman Sachs' decision to increase its price target to $54. This positive adjustment reflects growing confidence in Figma's market position and potential for future growth. Investors are likely to view this as a strong endorsement of the company's performance, which could lead to increased interest and investment in Figma.