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Federal Reserve interest rate hikes will weigh on stocks this year, Goldman Sachs warned. Richard Drew/AP Photo Goldman Sachs on Friday slashed its end-of-year target for the S&P 500 to 3,600, a . The Fed's aggressive approach to taming inflation will weigh on stocks, the bank said. The benchmark US index has plummeted just under […]
Hi. I'm Aaron Weinman. The most interesting thing I learned when I first visited a Walmart was the sheer range of goods the retailer has on offer. Turns out that diversity extends to services — specifically banking — too. Walmart has sewn the seeds for a thriving fintech for some time. In January last year, […]
Federal Reserve Board Chair Jerome Powell. Elizabeth Frantz/Reuters Goldman Sachs raised its forecasts for the size of Fed rate hikes at the September and November meetings. The investment bank late Wednesday said it now sees a September increase of 75 basis points and a November increase of 50 basis points. Fed officials have delivered hawkish […]
A discounted batch of planks is seen as people shop for lumber at a Home Depot store in Alhambra, California on May 4, 2022. FREDERIC J. BROWN/AFP via Getty Images Lumber prices fell 4% to a new 2022 low on Tuesday as the housing market continues to cool off. The decline came on the same […]
Criminal charges for Goldman employees and a Malaysian financier
IN 2010 GOLDMAN SACHS created a “business standards” committee to try to repair the reputational damage the financial crisis had done. Clients and transactions were to be screened for ethical shortcomings. Charges of money-laundering and bribery filed by federal prosecutors in a Brooklyn court on November 1st suggest that the investment bank had diagnosed a […]
David Ramos/Getty Goldman Sachs has upgraded Ford to ‘buy’ with a $ 12 price target. Analyst David Tamberrino says a refreshed product line and cost improvement could lead to 30% gains. Ford jumped more than 6% following the upgrade — follow the stock live in real-time here. Goldman Sachs has upgraded Ford to a buy […]
Getty Images. Goldman Sachs has cut loan origination targets for its consumer lending platform Marcus for 2019, according to a Bloomberg report. The pullback reflects the firm’s growing concerns about the consumer debt market, the report said. Marcus is a key part of Goldman CEO David Solomon’s growth plans for the bank. Goldman Sachs is […]
Screenshot/Will Martin/Business Insider If you’re not an avid follower of British retail banking, you might not have noticed that last week Goldman Sachs quietly launched its Marcus savings account in the UK. There was little fanfare beyond the press around the UK launch of Goldman’s first foray into consumer banking, after 150 years of catering to […]
Chinese companies outpaced their American counterparts in venture-capital funding for the first time during the second quarter, according to Goldman Sachs. Tech giants and Softbank contributed the most to this milestone. According to Goldman’s analysts, Chinese tech giants including Alibaba and Baidu are creating ecosystems with unprecedented influence to develop new technologies and business models. Watch […]
