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Apple launched a high-yield savings account in partnership with Goldman Sachs, but its buzzed-about 4.15% APY isn’t lauded by one executive at the investment bank who didn’t hold back when dissing the endeavor.

“We should have never done this f–king thing,” an unnamed Goldman partner told colleagues, per The Wall Street Journal.

It’s unclear who exactly made the comment, though it was reportedly said just after the savings account’s big debut at Goldman’s headquarters in April, when most executives hyped the account for Apple users’ ability to earn 10 times the national average interest rate for savings accounts.

Goldman also agreed to operate Apple credit cards — which offer users up to 3% cash back on their purchases via Daily Cash — and support the tech firm’s “buy now, play later” offering.

And though the iPhone maker’s foray into commercial banking started off as a smash success — pulling in $1 billion in deposits within days of its launch — Apple’s savings account feature has since fallen from grace.

Many Goldman executives agree, according to The Journal, with bankers believing the company’s foray into consumer lending has been a distraction from its core Wall Street business.

The Journal reported in June that Goldman was having talks with American Express to take over its credit-card deal with Apple, though it’s unclear how advanced those conversations were.

Inside the bank, partners blame Goldman’s ill-fated venture on CEO David Solomon, who has been facing heat for months over his sharp-elbowed management style, flopped business moves, and side hustle as a DJ.

When the investment bank reports its earnings on Tuesday, all eyes will no doubt be on its consumer-lending business, which has come to also include a credit card in partnership with General Motors and the acquisition of fintech lender GreenSky last year fore $1.7 billion.

Goldman reportedly plans to sell GreenSky at a steep loss after just one year of owning the platform. Goldman will offload the asset to investment firm Sixth Street for some $500 million, according to The Journal.

The sale is expected to result in a 19-cents-per-share hit to Goldman’s third-quarter results, equal to about $60 million, per the outlet.

Instead of pawning off its Apple partnership, Goldman staffers on the Apple account have floated letting Apple take more ownership of the collaboration, according to The Journal.

One proposed idea, per the outlet, would make Apple the lender for new credit-card spending and issuance while Goldman continues to manage existing loans.

However, Goldman’s senior executives told The Journal that these ideas are just that — ideas — and they haven’t made their way up either company’s corporate ladder.

Goldman so far has tried to lower expenses by tapping Citigroup credit-card veteran Bill Johnson in August, who was tasked with turning the bank’s credit-card partnerships into profitable endeavors.

If Johnson can’t make Apple’s credit-card program trend positively come 2024, Goldman will likely sell, people familiar with the matter told The Journal.

Representatives for Goldman and Apple did not immediately respond to The Post’s request for comment.

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Sports

Braves activate RHP Anderson, sign OF Rosario

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Braves activate RHP Anderson, sign OF Rosario

It was old faces in familiar places for the Atlanta Braves on Monday after they activated right-hander Ian Anderson to the active roster and signed outfielder Eddie Rosario to a major league contract.

In corresponding moves, outfielder Jarred Kelenic was optioned to Triple-A Gwinnett, while right-hander Davis Daniel was optioned to Triple-A after Sunday’s game.

Both Anderson and Rosario emerged as 2021 postseason heroes in Atlanta as the Braves went on to win the World Series.

Anderson, who was claimed off waivers from the Los Angeles Angels on Sunday, went 4-0 with a 1.26 ERA in eight postseason starts for the Braves over the 2020 and 2021 postseasons.

In the 2021 World Series, Anderson famously pitched five no-hit innings in Game 3 to lead Atlanta to a 2-0 victory over the Houston Astros. The Braves defeated the Astros in six games.

Anderson, who turns 27 Friday, was traded by the Braves to the Angels on March 23 for left-hander Jose Suarez. He struggled badly with his new club, going 0-1 with an 11.57 ERA in seven relief appearances. He allowed 17 hits and seven walks in just 9⅓ innings.

Rosario, 33, signed with the Los Angeles Dodgers in February and played in two games with the club, going 1-for-4. He was designated for assignment and became a free agent when Shohei Ohtani returned from the paternity list just over a week ago.

Rosario was the 2021 National League Championship Series MVP, when he powered the Braves past the Dodgers with three home runs, nine RBIs and a 1.647 OPS in six games.

Over parts of 11 seasons, Rosario is a career .261 hitter with 169 home runs and 583 RBIs in 1,123 games with five different clubs, including five seasons with the Minnesota Twins (2015-20) and four with the Braves (2021-24).

Kelenic, 25, was batting .167 with two home runs in 23 games and is a career .211 hitter with 49 home runs and 156 RBIs in 406 games with the Seattle Mariners (2021-23) and Braves.

Daniel, 27, made his only appearance for the Braves on Sunday with a scoreless inning and has appeared in 10 games (six starts) over the past three seasons with a 4.95 ERA.

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Technology

Spotify paid over $100 million to podcasts in the first quarter, including Joe Rogan, Alex Cooper and Theo Von

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Spotify paid over 0 million to podcasts in the first quarter, including Joe Rogan, Alex Cooper and Theo Von

Pavlo Gonchar | Lightrocket | Getty Images

Spotify said Monday it paid more than $100 million to podcast publishers and podcasters worldwide in the first quarter of 2025.

The figure includes all creators on the platform across all formats and agreements, including the platform’s biggest fish, Joe Rogan, Alex Cooper and Theo Von, the company said.

Rogan, host of “The Joe Rogan Experience,” Cooper of “Call Her Daddy” and “This Past Weekend w/ Theo Von” were among the top podcasts on Spotify globally in 2024.

Rogan and Cooper’s exclusivity deals with Spotify have ended, and while Rogan signed a new Spotify deal last year worth up to $250 million, including revenue sharing and the ability to post on YouTube, Cooper inked a SiriusXM deal in August.

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Even when shows are no longer exclusive to Spotify, they are still uploaded to the platform and qualify for the Spotify Partner Program, which launched in January in the U.S., U.K., Canada and Australia.

The program allows creators to earn revenue every time an ad monetized by Spotify plays in the episode, as well as revenue when Premium subscribers watch dynamic ads on videos.

Competing platform Patreon said it paid out over $472 million to podcasters from over 6.7 million paid memberships in 2024.

YouTube’s payouts are massive by comparison but include more than just podcasts. The company said it paid $70 billion to creators between 2021 and 2024 with payouts rising each year, according to YouTube CEO Neal Mohan.

Spotify reports first-quarter earnings on Tuesday.

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Environment

BYD now has the world’s largest car transport ship and it just set sail overseas

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BYD now has the world's largest car transport ship and it just set sail overseas

The BYD “Shenzhen” set sail on its first voyage overseas this week. With 9,200 parking spots, or about enough to fill 20 football fields, BYD’s new car transport ship is now the world’s largest.

BYD’s largest car carrier sets sail for Brazil

BYD’s Shenzhen is on its maiden voyage to Brazil after setting sail on April 27. The vessel is carrying over 7,000 new energy vehicles (NEVs), including electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs). It’s the largest single batch of NEVs exported from China so far.

The new vessel is BYD’s fourth car transport ship and the world’s largest, capable of carrying 9,000 vehicles. According to the company, that’s enough to fill about 20 football fields.

BYD launched its first car carrier, the Explorer No 1, in January 2024. It has already completed several trips to Germany, Spain, and Brazil.

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Its second, the BYD Changzhou, set sail in December 2024, followed by the Hefei earlier this year. All three vessels can carry up to 7,000 vehicles, making the Shenzhen the largest so far.

BYD's-largest-car-transport-ship
BYD Shenzhen, the world’s largest car transport ship (Source: BYD)

The Shenzhen is named after the automaker’s hometown and demonstrates “BYD’s firm determination to promote sustainable development in Brazil.”

BYD is preparing to launch two more vessels, the Changsha and Xi’an. The Changsha is expected to launch soon, while the Xi’an was introduced on April 2.

The new car carriers will help accelerate BYD’s aggressive overseas expansion. In the first three months of 2025, the company sold over 206,000 NEVs overseas, more than double the number it sold last year.

BYD sells a wide range of vehicles in Brazil, including the low-cost Dolphin Mini, starting at around $20,000 (99,800 BRL). In October, it launched its first hybrid pickup truck, the Shark, starting at 379,800 BTL ($66,900).

Brazil is only one overseas market that BYD is targeting. BYD’s sales are expected to double in Europe in 2025, with significant growth in other key regions like Southeast Asia, Japan, Mexico, and South Korea, to name a few.

Source: BYD

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