(Bloomberg) — The Federal Reserve Bank of Cleveland appointed Beth Hammack, a Goldman Sachs Group Inc. veteran, as its next president. Most Read from Bloomberg Hammack, who was most recently co-head of global financing at the Wall Street heavyweight, has more than three decades of experience in finance, capital markets, and risk management. She will […]
Given the S&P 500‘s recent surge beyond 5,300, surpassing some experts’ year-end targets, is it prudent for investors to be concerned about a potential overheating in the market? Goldman Sachs’ chief US equity strategist David Kostin believes that now that the S&P has climbed above the 5,200 target he’d predicted, there just isn’t much more […]
When it comes to artificial intelligence (AI), most investors and Wall Street analysts use the “Magnificent Seven” stocks as a key barometer. There are good reasons for this. Microsoft has plowed billions of dollars into OpenAI — the developer of ChatGPT. Moreover, demand for Nvidia‘s graphics processing units (GPUs) can provide a good idea of […]
The finance industry—on average—isn’t a massive fan of hybrid work. However, one bank CEO said the condition for him to take the top job—and a $4.2 million salary—was to work from home a few days a week. Mike Regnier is the CEO of Santander UK, the fifth-largest bank in the country with 19,000 staff on […]
By Nell Mackenzie LONDON (Reuters) – Hedge funds ditched bearish stock bets early this week at some of the highest rates in three years as U.S. meme stocks rallied sharply, a Goldman note seen by Reuters on Friday showed. The note, published on Wednesday just before the rally faded, said hedge funds dropped positions on […]
Elon Musk Compares The Fed’s Money Printer To A Game Of Monopoly As Goldman Warns Next President Faces A “Fiscal Constraint” Elon Musk had another post go viral on his platform, X, with this one eliciting more laughs than controversy. Taking a screenshot from the rule page of the game of Monopoly, about how “the […]
A stock trader at work at the New York Stock Exchange on February 24, 2020.Johannes Eiselle/Getty Images Goldman Sachs chief US equity strategist David Kostin says the S&P 500 could trade flat for the rest of the year. He told Bloomberg TV that the index has already reached Goldman’s year-end target of 5,200. The firm’s […]
(Bloomberg) — Goldman Sachs Group Inc. is planning to launch several investment strategies that will allow the firm and its wealthy clients to deploy capital in the Gulf’s public markets. Most Read from Bloomberg Companies based in the Middle East currently comprise about 7% of the widely-tracked MSCI Emerging Markets Index and the bank’s research […]
By Nell Mackenzie LONDON, May 13 (Reuters) – Hedge funds sold single stocks at the fastest pace in five months in the week to May 10, Goldman Sachs said in a client letter, ahead of U.S. inflation figures that could determine global central banks’ next moves. Sellers also outweighed buyers of global equities for the […]
If you listen to Plug Power‘s (NASDAQ: PLUG) management team, there’s a ton of long-term upside to the company’s business. Trillions of dollars are being invested into renewable technologies right now, including hydrogen fuel cells, which Plug Power specializes in. There’s a case to be made that the company is primed to ride a tidal […]
Some Nvidia employees are considered to be millionairesSOPA Images Nvidia stock still has 22% upside, even after its near-doubling this year, according to Goldman Sachs. The bank argued that Nvidia’s valuation is still relatively cheap given its fast growth rate. Goldman was encouraged by strong spending trends on AI infrastructure by mega-cap tech giants. Nvidia […]
(Bloomberg) — Copper powered through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs Groups Inc. warned of intensifying supply stress. Most Read from Bloomberg Metals joined a wider rally in risk assets after soft US jobs data triggered renewed speculation that the Fed will move to lower rates […]