Nvidia hits record high as Goldman Sachs boosts PT on AI prospects
(Reuters) -Nvidia’s shares scaled a new peak on Monday after Goldman Sachs raised its price target for the high-flying chipmaker’s stock in anticipation of a major boost to its earnings from the…
Hedge funds U-Turn on tech; sell everything else – Goldman
By Nell Mackenzie LONDON (Reuters) – Global hedge funds turned positive on U.S. technology stocks, piling into the sector in the week ending Jan. 18 at the fastest pace in two months,…
Goldman Sachs CEO says US economy looks constructive but cautions on inflation
By Megan Davies DAVOS, Switzerland (Reuters) – Goldman Sachs CEO David Solomon expects the U.S. economy to avoid a big slowdown this year, but warned that inflation could remain more stubborn than…
Goldman strategists see value in small caps, consumer staples shares
By Lewis Krauskopf NEW YORK (Reuters) – Small-cap stocks and shares of consumer staples companies may be pockets of value in an increasingly expensive U.S. stock market, Goldman Sachs strategists said on…
Goldman Sachs raises 2024 GDP growth forecast to 2.3%
(Reuters) – Goldman Sachs raised its 2024 U.S. GDP growth forecast to 2.3% from 2.1% expected earlier. “We expect much stronger GDP growth in 2024 than consensus and see a much lower…
Hedge fund shorts on banks and financials reach 4-month peak- Goldman
By Nell Mackenzie LONDON (Reuters) – Global hedge funds kicked off the largest net selling of U.S. financial stocks in 16 weeks just as earning season started in the week ending Jan.…
Former Goldman, Blackstone analyst pleads guilty to insider trading
By Jonathan Stempel NEW YORK (Reuters) – A former Goldman Sachs and Blackstone analyst admitted to an insider trading charge on Thursday, after prosecutors accused him of passing tips to two friends…
Goldman Sachs names Greg Wilson as head of retirement for a unit – memo
(Reuters) – Goldman Sachs has appointed veteran Greg Wilson as head of its retirement for asset & wealth management (AWM) division, according to a memo seen by Reuters on Wednesday. In this…
Goldman in talks with BlackRock, Grayscale to be part of spot bitcoin ETFs – CoinDesk
(Reuters) -Goldman Sachs is in talks to be an authorized participant for the spot bitcoin exchange-traded funds that BlackRock and Grayscale are looking to launch, CoinDesk reported on Wednesday, citing people familiar…
Goldman Sachs names Rivera as co-head of Latin America-memo
NEW YORK (Reuters) – Goldman Sachs named Osmin Rivera as co-head of Latin America to succeed Ricardo Mora, who will retire at the end of the year, according to two separate memos…
Goldman Sachs sees S&P 500 hitting 5,100 in 2024, boosting forecast
By David Randall NEW YORK (Reuters) – Goldman Sachs raised its 2024 S&P 500 target by 8% to 5,100, forecasting a tailwind for U.S. stocks from falling inflation and declining interest rates.…
Goldman cuts 2024 Brent price forecast on strong US supply
(Reuters) – Goldman Sachs trimmed its price expectation for Brent crude in 2024 by $10 per barrel to between $70 and $90, saying strong production from the United States would moderate any…
Hedge funds have lowest exposure to financials since March 2020 -Goldman
By Nell Mackenzie LONDON (Reuters) – Global hedge funds sold financial stocks for a 10th week running in the week ending Dec. 8 and now have the lowest exposure to the sector…
Goldman Sachs sees ECB lowering rates by 25 bps in each meeting from April
(Reuters) – The European Central Bank (ECB) will cut interest rates by 25 basis points (bps) in each meeting starting April next year, Goldman Sachs wrote in a note on Thursday. Economists…
BNP Paribas wins Austria settlement services deal with Goldman Sachs
PARIS (Reuters) – France’s largest bank BNP Paribas said on Tuesday it had won a deal with Goldman Sachs, the largest trading member on the Vienna stock exchange by market share, to…
Goldman: Hedge and mutual funds favour banking and healthcare over tech
By Naomi Rovnick and Nell Mackenzie LONDON (Reuters) – Leading hedge funds and mutual funds are betting on gains outside the tech sector in coming months, Goldman Sachs research shows. The ten…
Goldman Sachs analyst used inside information for profit, London court told
By Sam Tobin LONDON (Reuters) – A former Goldman Sachs analyst used confidential information to make more than 140,000 pounds ($176,800) from shares in listed companies, prosecutors told a London court on…
DAVID GOLDMAN: This China Statement From The Biden White House Reveals That America’s Military Is Falling Behind
DAVID GOLDMAN: This China Statement From The Biden White House Reveals That America’s Military Is Falling Behind David Goldman on November 22, 2023 The Biden Administration gave Xi Jinping exactly what he…
Goldman Sachs execs see steeper Treasuries curve, softer demand
By Lananh Nguyen and Davide Barbuscia NEW YORK (Reuters) – Goldman Sachs expects the U.S. Treasuries curve to steepen in the long term, driven by rising fiscal spending, top executives said. “Fiscal…
‘Magnificent 7’ bets drive hedge fund crowding to record high -Goldman Sachs
By Bansari Mayur Kamdar and Nell Mackenzie LONDON (Reuters) – Hedge fund crowding has hit its highest on record, as asset managers have upped their bets on the “Magnificent 7” tech stocks…
Hedge funds ghost tech stocks and sell consumer staples – Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Global hedge funds ditched technology stocks by selling long positions and exiting short bets at the fastest weekly pace in seven months, Goldman Sachs said on…
Goldman Sachs Japan chief to retire at year end – internal memo
TOKYO (Reuters) – Goldman Sachs’ Japan president Masanori Mochida has decided to retire at the end of the year after more than 38 years at the investment bank, according to an internal…
Systematic hedge funds pummeled in post-U.S. CPI stocks rally – Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Global hedge funds that use algorithms to trade suffered their second worst single day this year on Tuesday, as softer than expected U.S. inflation numbers sparked…
Goldman sees S&P 500 rising to 4700 by year-end 2024
(Reuters) – Goldman Sachs investment strategists said on Wednesday that they now expect the S&P 500 to end 2024 at 4700, implying a roughly 6% gain including dividends. The estimate, from a…
Goldman CEO and predecessor Blankfein talk careers as analysts compete
By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Goldman Sachs Chief Executive Officer David Solomon and his predecessor gave career advice to about 4,000 analysts as junior bankers pitched for…
US rate cut not seen until Q4 2024 due to strong GDP growth -Goldman economists
By Lewis Krauskopf NEW YORK (Reuters) – The U.S. Federal Reserve will hold off cutting rates until the fourth-quarter of next year, according to Goldman Sachs economists who cited stronger-than-expected economic growth…
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