Big banks like Goldman Sachs spectacularly failed to predict the World Cup winner — here’s why

Matthias Hangst/Getty Images Five major banks predicted the outcome of the World Cup in Russia, and all but one got it wrong. Goldman Sachs forecast that Brazil would lift the trophy, while UBS backed Germany. Banks were afflicted by the sheer unpredictability of this year’s tournament, which saw Croatia make it all the way to […]

A YouTuber combined an EDM mix from Goldman Sachs’ future CEO with a video by hedge fund legend Ray Dalio — and it’s as weird as it sounds

YouTiube A YouTuber has combined the music of Goldman Sachs President David Solomon with a motivational video from Bridgewater Associates founder Ray Dalio. Solomon creates music under the name DJ D-Sol, and has over 425,000 monthly listeners on Spotify. Check out the video below. Wall Street’s song of the summer is almost certainly going to […]

Elon Musk says Tesla bears like Goldman Sachs are in for a ‘rude awakening’ (TSLA)

Joe Skipper/Reuters Goldman Sachs raised its Model 3 production estimates on Monday, but the bank is still incredibly bearish on Tesla. CEO Elon Musk sent a news article about the analyst note to the entire company. “They are in for a rude awakening :),” he said in an email reported by Bloomberg. Follow Tesla’s stock […]

GM chief Mary Barra discusses trade, fuel economy and EVs at Goldman Sachs

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GOLDMAN SACHS: Cautious investors are missing out on an asset class that has rarely been better to own

Getty/Sean-Gallup Goldman Sachs‘ commodity strategists are reiterating their bullish call on commodities. “The strategic case for owning commodities has rarely been stronger,” Jeffrey Currie, Goldman’s head of global commodity research, said in a note on Tuesday. Goldman Sachs is doubling down on its bullish bet on commodities. The firm’s commodity strategists reiterated their call in […]

These 13 stocks will see explosive sales growth that will help them crush earnings season, Goldman Sachs says

Reuters The first-quarter earnings season is shaping up to be one of the most hotly anticipated in recent memory as the market seeks a bright spot amid multiple headwinds. While some investors may be focused on bottom-line profits, Goldman Sachs is more interested in stocks generating high sales growth, and it has identified 13 S&P […]

Judge allows Goldman Sachs gender-bias class-action lawsuit to proceed

Goldman Sachs Women accusing Goldman Sachs of discriminating against them in pay, promotions and performance reviews may pursue their claims as a group in a class-action lawsuit, a judge ruled on Friday. The ruling covers female associates and vice presidents who have worked in Goldman’s investment banking, investment management and securities divisions since September 2004, […]

GOLDMAN SACHS: Traders think these 15 companies are the most likely to get taken over this year

Reuters / Brendan McDermid Wall Street is expecting merger-and-acquisition activity to accelerate in 2018, and there’s a way to see which companies options traders think have the highest chance of being taken over. Goldman Sachs has singled out 15 companies whose options reflect high expectations of an acquisition. Wall Street is expecting a major uptick […]

Wall Street is expecting an M&A explosion this year — and Goldman Sachs knows how you can make a killing betting on it

Getty Images / Mario Tama The consensus on Wall Street is that merger and acquisition (M&A) activity is going to accelerate after a relatively slow 2017. The derivatives team at Goldman Sachs has outlined how investors can use options to both identify and capitalize on M&A speculation. It’s common knowledge that positioning for a share […]

Here’s what investors say they want out of the next Goldman Sachs CEO — and where Lloyd Blankfein fell short (GS)

Goldman Sachs David Solomon is now the heir apparent to Goldman Sachs CEO Lloyd Blankfein. Procensus, a data company that aggregates and analyzes investor sentiment, surveyed investors on the succession. According to results seen by Business Insider, 19 investors from firms with a combined $ 11 trillion in assets under management responded, with nearly 75% […]