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…
Goldman alums set up credit-focused alternative investment firm
By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Former Goldman Sachs veterans Mike Koester and Tom Connolly have opened 5C Investment Partners, an alternative investment firm focused on private credit,…
Goldman Sachs lawyer says suit by Russia’s Otkritie Bank should be heard in London
MOSCOW (Reuters) – A lawyer for Goldman Sachs argued in a Moscow court on Thursday that a $6.3 million lawsuit against it by Russia’s Otkritie Bank should be heard instead in London.…
Goldman, Morgan Stanley to shine amid struggle for large-cap banks – HSBC
By Aniruddha Ghosh (Reuters) – Goldman Sachs and Morgan Stanley are poised for stronger results next year compared to other large-cap U.S. banks as dealmaking on Wall Street picks up and asset…
Goldman Sachs hires BlackRock executive as global co-head of consultant relations
(Reuters) – Goldman Sachs Asset Management has hired former BlackRock executive Patrick O’Donnell as a managing director and global co-head of consultant relations, alongside Lauren Oakes, a spokesperson told Reuters in an…
Hedge funds drop short trades on U.S. regional banks – Goldman
By Nell Mackenzie LONDON (Reuters) – Hedge funds ditched short bets against U.S. regional banks as of the end of August and turned bullish on the broader U.S. financial sector, according to…
Goldman Sachs sees room for investors to grow more bullish on US stocks
By David Randall NEW YORK (Reuters) – The sharp increase in investor equity allocations to U.S. stocks since the start of the year still has room to expand before breaching historical norms,…
Goldman plans hiring spree to fix lapses after increased Fed scrutiny – Bloomberg
(Reuters) -A fresh bout of U.S. regulatory scrutiny is setting off a hiring spree at Goldman Sachs, Bloomberg News reported on Thursday, citing people with knowledge of the matter. The Wall Street…
Goldman Sachs used derivatives to help Exor build $2.8 billion Philips stake, filings show
By Toby Sterling, Pablo Mayo Cerqueiro and Andres Gonzalez AMSTERDAM (Reuters) – Investment company Exor was able to build a 15% stake in Dutch healthcare group Philips without triggering the usual disclosures…
Hedge funds land bonuses despite returns below bank savings rates -Goldman
By Nell Mackenzie LONDON (Reuters) – Most investors still award bonuses to hedge funds even if their investments do not earn as much as a bank savings account would, Goldman Sachs said…
Goldman Sachs appoints John Greenwood as co-head of Latin America -memo
NEW YORK (Reuters) – Goldman Sachs appointed John Greenwood as its co-head of Latin America and head of investment banking for the region, according to a memo seen by Reuters. The executive…
Goldman Sachs’ Rogers to step back from chief of staff role-memo
By Saeed Azhar NEW YORK (Reuters) – John Rogers, an influential Goldman Sachs executive, will step back from his role as chief of staff next month, according to an internal memo. He…
Goldman Sachs’ Jeff Currie, who predicted commodities supercycle, to retire
By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs’ global head of commodities research Jeff Currie, a prominent analyst who accurately predicted a surge in commodity prices in the 2000s, is retiring, according…
Body of Missing Goldman Sachs Staffer Found in NYC Creek
NEW YORK, NY – A tragic update in the case of missing Goldman Sachs staffer John Castic has been reported by the New York City Police Department. The body found in a…
Body pulled from NYC waterway identified as missing Goldman staffer – NYPD
NEW YORK (Reuters) -A body found in a New York City creek has been identified as missing John Castic, a Goldman Sachs staffer, the New York City Police Department said. Castic was…
Goldman Sachs’ head of partner family office Opoku to leave -memo
NEW YORK (Reuters) – A senior Goldman Sachs executive, who oversaw the firm’s office that manages the wealth of its partners and senior executives, is leaving the company after two decades, according…
Goldman upgrades oil demand outlook as market tempers growth pessimism
(Reuters) – Goldman Sachs on Sunday revised up its global oil demand forecast for the year while sticking to its 12-month Brent price projection of $93 per barrel as higher realized inventories…
Goldman Sachs asset management executive Salisbury departs for Sixth Street
By Lananh Nguyen, Niket Nishant and Manya Saini (Reuters) – Goldman Sachs executive Julian Salisbury will join investment firm Sixth Street as a partner and co-chief investment officer early next year, his…
Hedge funds rush to buy China stocks on economy stimulus prospects – Goldman
By Summer Zhen HONG KONG (Reuters) – Global hedge funds snapped up Chinese equities following the politburo meeting this week, buying on Tuesday at their fastest pace since October 2022, Goldman Sachs…
Goldman Sachs cuts 2023 euro zone growth forecast following weaker economic data
(Reuters) – Goldman Sachs cut its 2023 growth forecast for the euro zone, following weaker economic activity data. Economists led by Sven Jari Stehn said on Tuesday they now expect a 0.4%…
Global hedge funds ditch losing trades after failing to beat the MSCI – Goldman
By Nell Mackenzie LONDON (Reuters) – Global hedge funds exited trades in the past week at their fastest pace since January and at one of the highest rates seen in the last…
Goldman Sachs is about to report its worst quarterly earnings in years – Semafor
(Reuters) – Goldman Sachs will report its worst quarterly earnings in years next week, with a return on equity in the low single digits, Semafor reported on Thursday citing people familiar with…
J.P.Morgan, Goldman raise Canada central bank terminal rate forecast to 5.25%
(Reuters) – J.P.Morgan and Goldman Sachs said on Wednesday they now expect the Bank of Canada (BoC) to deliver one last 25-basis point rate hike in October and lifted their terminal rate…
Goldman Sachs says rising EV usage to power higher copper demand
(Reuters) – Goldman Sachs said rising usage of electric vehicles (EV) was a “key pillar of copper’s bullish story”, forecasting copper demand from the sector to amount to 1 million tonnes (mt)…
Goldman says West needs over $25 billion investments in rare earths to match China
(Reuters) – Goldman Sachs on Thursday said the West may need more than $25 billion in investments to match China’s supply of rare earths, as export curbs by Beijing on minor metals…
Goldman Sachs nominates former BofA executive Montag to join board
NEW YORK (Reuters) – Members of Goldman Sachs’ board nominated former Bank of America executive Tom Montag to join as an independent director, according to a filing on Thursday. Montag was recommended…
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