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 Sachs steepens U.S. rates outlook
SINGAPORE (Reuters) – Goldman Sachs expects a steeper path for U.S. rate rises and a 75 basis point hike this month, as Federal Reserve officials have been sounding hawkish recently, the investment…
Goldman Sachs promotes Jacqueline Arthur to lead human resources
By Lananh Nguyen NEW YORK (Reuters) – Goldman Sachs Group Inc on Tuesday appointed Jacqueline Arthur, a 15-year veteran of the bank, to run human resources starting Jan. 1, the company told…
Goldman Sachs sees 75 bps ECB rate hike in September
MILAN (Reuters) – Goldman Sachs expects the European Central Bank to raise interest rates by 75 basis points at its policy meeting next week after data on Wednesday showed euro zone inflation…
Goldman warns UK inflation could top 20% as recession nears
LONDON/HONG KONG (Reuters) -Inflation in Britain could exceed 20% early next year if spiralling gas prices fail to come down, economists from U.S. investment bank Goldman Sachs warned, adding that a recession…
Goldman sees Powell sticking to July tightening message at Jackson Hole
(Reuters) – Goldman Sachs said on Tuesday it expects Federal Reserve Chair Jerome Powell to reiterate the case for slowing the pace of tightening, when he speaks at the annual Jackson Hole…
Goldman Sachs’ Leland to return to London in new role
HONG KONG – One of Goldman Sachs’ most senior bankers in Asia, Todd Leland, is leaving the region to become the president of Goldman Sachs International, according to a memo seen by…
Citi, Goldman, BofA in talks with regulators over texting fine – Bloomberg
(Reuters) – Citigroup, Goldman Sachs and Bank of America are in discussions with regulators to pay around $200 million each in fines over failing to monitor employees’ use of unauthorized messaging apps,…
Goldman hires Google exec to co-head applied innovation unit – memo
NEW YORK – Goldman Sachs has hired Jared Cohen, who founded technology incubator Jigsaw at Google, to co-head its newly created applied innovation unit, an internal memo showed, as the Wall Street…
Goldman says commodities outlook strong, pullbacks a buying opportunity
(Reuters) – The fundamental outlook for commodity prices is strong with inventories of metals and energy continuing to fall from low levels, Goldman Sachs said, terming a recent price pullback as longer-term…
BNY Mellon appoints Goldman Sachs veteran McDonogh as CFO
(Reuters) – Bank of New York Mellon Corp on Wednesday named Dermot McDonogh, a more than 25-year veteran of Goldman Sachs Group, as its chief financial officer. McDonogh, 57, will join BNY…
Goldman Sachs partners with Derivative Path to grow transaction banking
By Elizabeth Dilts Marshall NEW YORK – Goldman Sachs Group Inc said on Thursday it is launching a partnership with capital markets technology firm Derivative Path that opens the door to thousands…
Goldman Sachs expects over $1.2 billion losses from consumer unit this year – Bloomberg News
(Reuters) – Goldman Sachs Group Inc’s internal projections show the bank’s consumer unit will record losses of more than $1.2 billion this year, Bloomberg News reported on Tuesday, citing people with knowledge…
Goldman Sachs to cover U.S. employee’s travel expenses for abortions
NEW YORK – Goldman Sachs Group Inc will cover travel expenses for its U.S.-based employees who need to go out-of-state to receive abortion or gender-affirming medical care starting July 1, the banks…
Goldman sees Turkey inflation of near 80% before relief comes
ISTANBUL – Goldman Sachs said on Friday it expects annual inflation in Turkey to reach almost 80% before easing to 60% by the end of 2022, thanks to so-called favourable base effects.…
U.S. SEC investigating Goldman Sachs over ESG funds – WSJ
(Reuters) – The U.S. Securities and Exchange Commission is looking into Goldman Sachs Group Inc’s asset-management division over its funds that look to invest based on environmental, social and governance (ESG) standards,…
Goldman maintains natgas price forecast, awaits more information about Freeport LNG outage
(Reuters) – Goldman Sachs maintained its $6.80/$5.60 Henry Hub and 89/86 EUR/MWh TTF Sum22/Win22-23 price forecasts after the Freeport LNG outage, noting that the duration of the outage would be key. “If…
Goldman raises Brent price outlook on unresolved supply deficit
(Reuters) – Goldman Sachs increased its Brent oil price forecasts by $10 to $135 a barrel for the period between the second half of 2022 and the first half of next year,…
Japan’s SoftBank cuts borrowing from Mizuho, Goldman Sachs
By Sam Nussey TOKYO – SoftBank Group Corp trimmed borrowing from its main bank Mizuho Financial Group Inc by 4.5% in the year ended March to 812 billion yen ($6.38 billion), a…
Goldman Sachs expects one third of HY China property firms to default in 2022
LONDON – Goldman Sachs said on Friday it now expects around one third of high-yield China property firms to default in 2022, with stresses on bonds increasingly emerging through maturity extensions. Since…
Goldman Sachs officials reach $79.5 million shareholder settlement over 1MDB scandal
By Jonathan Stempel NEW YORK – Goldman Sachs Group Inc officers and directors reached a $79.5 million settlement to resolve shareholder claims that their poor oversight contributed to the bank being enmeshed…
Goldman Sachs boosts recruiting team in push to meet diversity goals
By Carolina Mandl NEW YORK – Goldman Sachs Group Inc has doubled its diversity recruiting team and increased its budget by $10 million to help meet its goals to add more women,…
Goldman Sachs adds to China leadership team – memo
HONG KONG – Goldman Sachs has appointed banker E.G. Morse as a co-head of its China business and to lead the bank’s China global markets business, according to a memo seen by…
Goldman Sachs to appoint Denny as head of Johannesburg office
(Reuters) – Goldman Sachs Group Inc will appoint Simon Denny as the head of its Johannesburg office and chief executive officer of Goldman Sachs International Bank Johannesburg branch, the bank said in…
Goldman CEO, top deputies to get cut of profits from bank’s private investment funds – WSJ
(Reuters) – Goldman Sachs Chief Executive David Solomon and his top deputies will get a part of profits from the bank’s private investment funds, the Wall Street Journal reported on Tuesday, citing…
Buffett needed two weeks for $11.6 billion Alleghany purchase, balked at Goldman fee
By Jonathan Stempel NEW YORK – Warren Buffett needed just two weeks to put together Berkshire Hathaway Inc’s $11.6 billion takeover of Alleghany Corp, its largest acquisition in six years, even as…
Breaking News
