Topline Analysts at Goldman Sachs on Sunday said it “no longer expects” the Federal Reserve to hike interest rates later this month, after federal regulators moved to swiftly shield the U.S. banking s...
Tag: Goldman Sachs
Snap Warns Users About ChatGPT As Coca-Cola Adopts AI, Banks Ban It
Snapchat logo, photo by Chesnot/Getty Images Getty Images Snap has announced it’s rolling out its own experimental chatbot “My AI” as part of a subscription product called Snapchat+ which can recommen...
Asset Tokenization Is Shaping Up To Be Crypto’s Theme of the Year
Blockchain is rapidly becoming a game changer for financial institutions as an increasing number of legacy firms are sinking their teeth into digital assets. Tokenization, the process of imbuing owner...
Could Oil Prices Crash In The Fourth Quarter?
Although the futures strip doesn’t reflect it, many anticipate a much tighter oil market in the fourth quarter. Jeff Currie of Goldman Sachs has predicted that prices will reach $110 by the third quar...
A Free $30 Costco Gift Card; Troubling Signs For The Economy
Troubling Signs Emerge as Credit Card Debt Hits Record High As credit card debt hit an all-time high, just shy of $1 trillion, in the final three months of 2022, delinquencies among borrowers accelera...
Berkshire Hathaway’s Buy in Truck-Stop Operator Pays Off
Berkshire Hathaway investors may soon get a read on one of the company’s better deals in the past decade—a 2017 purchase for nearly $3 billion of a 38.6% interest in Pilot Flying J, the country’s lead...
Goldman Sachs: We Are Not an FTX Creditor
Documents filed Wednesday in Delaware’s US Bankruptcy Court list thousands of potential FTX creditors, though lawyers said the names within the documents are not necessarily significantly tied to the ...
Goldman Sachs And Morgan Stanley Both Miss Earnings Estimates As Mixed Banking Results Continue
(Photo by Spencer Platt/Getty Images) Getty Images Key Takeaways It’s been a mixed bag for Wall Street this earning season, with some banks beating estimates and some notching major misses Some themes...
Are Triple Digit Oil Prices In Your Future?
Jeff Currie at Goldman Sachs made headlines recently predicting higher commodity prices for 2023, including “’Does anyone remember what happened to oil prices from January of ‘07 to July of ‘08?’ Curr...
Jim Cramer Doesn’t Mince Words After Goldman Sachs Earnings
Goldman Sachs (GS) – Get Free Report had a rough fourth quarter to say the least. Profit dropped 66% from a year earlier, falling short of analysts’ expectations. CNBC commentator Jim Cramer di...
Netflix, Goldman Sachs, United Airlines, Morgan Stanley, and More Stocks to Watch This Week
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Netflix, Goldman Sachs, United Airlines, Morgan Stanley, and More Stocks for Investors to Watch This Week
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Billionaire Leon Cooperman Shares Value Investing Wisdom And 2023 Stock Picks
Leon Cooperman made a multibillion-dollar fortune as a hedge fund manager betting on undervalued stocks. © 2016 Bloomberg Finance LP As a child of immigrants and a first-generation college graduate fr...
JPMorgan Reports Earnings Friday. Here’s What to Expect.
JPMorgan Chase will be one of the first big banks to report fourth-quarter 2022 financial results on Friday, and Wall Street expects a mixed bag. Revenue at the bank is forecast to swell to $34.5 bill...
Citigroup Reports Earnings Friday. Here’s What Wall Street Expects.
Citigroup is in the midst of a yearslong turnaround. On Friday, Wall Street will see how successful the bank’s efforts have been. Like most of its peers, Citigroup (ticker: C) is expected to post a dr...
Bank of America Posts Earnings Friday. What Wall Street Expects.
Higher interest rates are expected to drive up Bank of America ‘s fourth-quarter revenue, even as the bank is projected to see a drop in profits. Bank of America (ticker: BAC) is forecast to post reve...
Fintech Firm Backed By Hong Kong Billionaire Richard Li Raises $22 Million In Funding Round Led By PCCW
Richard Li, chairman and chief executive officer of Pacific Century Group, speaks during the Hong … [+] Kong Fintech Week in Hong Kong, China, on Monday, Nov. 1, 2022. The conference runs throug...
Is Retail In Recession – Or Are We Coming Out Of It?
Road sign with the words “Recession next exit” featured. getty The New York TimesNYT published on Friday that retail sales fell in November despite Black Friday deals. That means that we a...
Goldman Sachs sees crypto investment opportunities after FTX fiasco: Reuters
Financial giant Goldman Sachs plans to spend “tens of millions of dollars” to buy or invest in crypto firms whose valuations have been hit by the demise of crypto exchange FTX. The b...
Hedge Funds Have Been Shunning Momentum — To Their Peril
As the stock markets have plunged, hedge funds have done the only thing they could do to protect themselves. Overall, funds remain in a holding pattern—with their lowest exposure to equities since 200...
Goldman Sachs developing crypto classification system with MSCI and Coin Metrics
Goldman Sachs is working with index provider MSCI and crypto data firm Coin Metrics to develop a crypto classification service. The investment bank’s crypto classification service will tar...
This Isn’t the Bottom and Recession Isn’t Priced In, Goldman Says
Markets haven’t priced in a recession, according to analysts at Goldman Sachs Equities and credit markets are pricing in a lower risk of recession than rates and currency traders, though no asset clas...
China Stocks Plunge In U.S. On Concerns Policy Will Turn Left After Communist Congress
Richard Liu Qiangdong, founder and chairman of JD.com, at the Nasdaq MarketSite in New York in … [+] 2014. Michael Nagle/Bloomberg Shares in Chinese companies traded in the U.S. plunged in trade...
Goldman CEO Becomes Latest Bank Head With Gloomy Recession Prediction
Topline Goldman Sachs CEO David Solomon became the latest investment bank bigwig to offer a gloomy economic forecast Tuesday, as most concur the Federal Reserve’s fight to tackle inflation, elevated p...
Goldman Sachs Smashes Earnings Estimates. Are Bank Boom Times Back?
Key Takeaways Goldman Sachs has beat earnings forecast substantially with earnings per share hitting $8.25 against predictions of $7.51. They’re the latest bank to announce big earnings beats as risin...
Tesla, Goldman Sachs, Netflix, AT&T, and Other Stocks for Investors to Watch This Week
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Stock Market Enters Dangerous ‘TARA’ Regime
Stock Market AFP via Getty Images As the bleed-out in stocks continues, the bearish mood sweeps Wall Street. Last week, Morgan StanleyMS reiterated their earnings recession call. They predict stocks a...
Why Alibaba, Other China Tech Stocks Are an Exception to Goldman Sachs’ Outlook
Text size Alibaba and other Chinese tech stocks have been battered since the beginning of last year. Qilai Shen/Bloomberg Chinese tech stocks have taken a beating since many hit all-time highs in earl...
ESPN To Make Bold Move Into Sports Betting
Photo by Mike Windle/Getty Images for ESPN. Getty Images for ESPN Walt Disney Company CEO Bob Chapek said mysteriously at the D23 Expo held over the weekend that he had big plans for ESPN, but didn’t ...
Goldman Sachs Is Preparing Layoffs. Tech Isn’t the Only Industry Cutting Jobs.
Text size Goldman Sachs is putting together a plan to lay off employees, according to reports. Jason Alden/Bloomberg Goldman Sachs is putting together a plan to lay off employees, according to media r...