(Bloomberg) — Lululemon Athletica Inc. founder Chip Wilson pledged a chunk of his multibillion-dollar stake in the yogawear maker to secure financing from Goldman Sachs Group Inc., leveraging his biggest listed asset. Most Read from Bloomberg An investment firm for the Canadian billionaire pledged 1.8 million Lululemon shares — almost 20% of his holding — […]
AI Data Centers Drive Electricity Demand: Goldman Sachs Picks 16 Stocks To Play The Trend Escalating electricity needs from running AI data centers will create downstream investment benefits in the utilities, renewable energy generation, and industrial sectors, according to Goldman Sachs. In a recently published study, equity analyst Carly Davenport has listed a basket of […]
Andrea Vidaurre, a 29-year-old Peruvian American organizer from Southern California, has won the prestigious Goldman Environmental Prize for her work protecting her predominantly Latino community from rampant air pollution. Vidaurre is one of six grassroots activists being awarded the $200,000 prize, which recognizes people from all six inhabited continents who are taking extraordinary actions to […]
NanoStockk/ Getty Images Markets are still just in the first phase of an AI-led upsurge, Goldman Sachs wrote in a recent research note. Nvidia is the central piece in the opening inning, but analysts still see more upside in further phases of the AI story. The firm says eventually, AI will broaden to benefit other […]
Profits at Goldman Sachs (GS) rose 28% in the first quarter as investment banking revenues surged, giving CEO David Solomon some needed momentum at the start of 2024. Net income was $4.1 billion, beating analyst expectations. Its revenues of $14.2 billion also surged from a year ago thanks in part to a 32% rise in […]
(Bloomberg) — The weight loss drug frenzy that’s driven Eli Lilly & Co. and Novo Nordisk A/S to record peaks is raising the stakes for investors, according to Goldman Sachs Group Inc. analysts. Most Read from Bloomberg “Expectations are high, which heightens the risk to potentially disappoint,” according to analyst Chris Shibutani, who said investors […]
Lucky-photographer/Shutterstock The US stock market will rally further from recent all-time highs, Goldman Sachs’ John Flood says. Market tailwinds and seasonality suggest more opportunities ahead, with bullish sentiment not yet at its peak. Retail investors often offload stocks to cover taxes, causing market dips on Tax Day, with subsequent rebounds. This year’s stock rally has […]
LOS ANGELES (AP) — O.J. Simpson died Wednesday without having paid the lion’s share of the $33.5 million judgment a California civil jury awarded to the families of his ex-wife Nicole Brown Simpson and her friend Ron Goldman. Acquitted at a criminal trial, Simpson was found liable by jurors in a 1997 wrongful death lawsuit. […]
LOS ANGELES (AP) — O.J. Simpson died Thursday without having paid the lion’s share of the $33.5 million judgment a California civil jury awarded to the families of his ex-wife Nicole Brown Simpson and her friend Ron Goldman. Acquitted at a criminal trial, Simpson was found liable by jurors in a 1997 wrongful death lawsuit. […]
(Bloomberg) — Goldman Sachs Asset Management is skimming off some of its profits from high-flying technology shares and putting the money into cheaper companies. Most Read from Bloomberg The firm believes tech shares will come under pressure and prefers areas like energy and Japanese shares, according to Alexandra Wilson-Elizondo, co-chief investment officer of multi-asset solutions. […]
Even with a brief drop this week, the markets are showing strength this year, with the S&P 500 climbing 8%. However, there’s a big question on investors’ minds: Can this momentum keep up? David Kostin, Goldman’s chief US equity strategist, has given four scenarios for investor consideration: “(1) in a ‘catch up,’ the S&P 500 would […]
(Bloomberg) — Commodities will advance this year as central banks in the US and Europe move to reduce interest rates, helping to support industrial and consumer demand, according to Goldman Sachs Group Inc. Most Read from Bloomberg Raw materials may return 15% over 2024 as borrowing costs come down, manufacturing recovers, and geopolitical risks persist, […]