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 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 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 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…
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…
Exclusive-Goldman Sachs discusses bigger bonuses for top traders, dealmakers -sources
By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Goldman Sachs bosses are considering fatter bonuses to retain star traders and dealmakers this year as the bank looks to win over…
Hedge funds short US financial stocks at near record levels -Goldman Sachs
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds built bearish positions this week to the highest level in nearly five years, Goldman Sachs said on Friday, without citing the underlying…
Hedge funds pile into US stock rally at fastest pace in 2 years – Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Hedge funds last week “aggressively” bought U.S. stocks at the fastest pace in two years, said a Goldman Sachs note, with traders jumping into a stock…
Hedge funds caught in crowded trades suffered in Thursday’s stock rally -Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Global hedge funds using algorithms to trade stocks endured one of their worst days of the year on Thursday, a Goldman Sachs note on Friday showed,…
Goldman Sachs hires BlackRock executive for unit serving third-party wealth product providers
By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs’ asset management arm hired Gregory Weiss from BlackRock to lead a business that sells managed accounts and index products to wealth managers. Weiss…
Goldman Sachs no longer sees U.S. govt shutdown in 2023
(Reuters) – Goldman Sachs removed its forecast for a U.S. government shutdown this year given new geopolitical risks and the election of a speaker at the House of Representatives, but warned of…
Goldman Sachs forays into geopolitical advisory business
(Reuters) – Goldman Sachs on Thursday launched an institute to offer its clients insights on geopolitics and technology, according to an internal memo seen by Reuters. The Goldman Sachs Global Institute will…
Goldman Sachs Asset Management launches new defined outcome ETFs
By Suzanne McGee (Reuters) – Goldman Sachs Asset Management (GSAM) has launched a pair of defined outcome exchange-traded funds (ETFs), a group of products that use options strategies to offer upside exposure…
Treasury selloff will end in Q4 as oil prices spike -Goldman Sachs
By David Randall NEW YORK (Reuters) – A slowdown in the U.S. economy over the remainder of the year due to higher oil prices and the resumption of student loan payments will…
Goldman Sachs lifts Europe Inc’s 2023 profit growth forecast to 3%
(Reuters) – Goldman Sachs said on Tuesday it expects earnings for companies in the pan-European STOXX 600 index to grow 3% in 2023, compared with its prior projection of no growth, on…
Goldman Sachs sees more than 1% growth for euro area in 2024
(Reuters) – Goldman Sachs expects economic growth in the euro area to recover to 1.25%-1.5% in 2024, more than double their forecast of about 0.5% for this year’s growth. The brokerage’s 2023…
Goldman Sachs pushes its forecast for Fed rate cut to Q4 2024
(Reuters) – Goldman Sachs economists said they now expect the U.S. Federal Reserve to begin its interest rate-cutting cycle in the fourth quarter of next year, later than an earlier forecast of…
Goldman Sachs raises over $15 billion for secondary private equity deals
By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs’ asset management arm said two funds have closed, raising more than $15 billion for funds that enable investors to make secondary investments in…
Fed unlikely to raise rates in November, says Goldman Sachs
(Reuters) – The Federal Reserve is unlikely to raise interest rates at its Oct. 31-Nov. 1 meeting, Goldman Sachs strategists wrote on Saturday, while also forecasting the U.S. central bank would lift…
Goldman Sachs fires several executives in transaction banking -memo
By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs fired several executives in its transaction banking unit after they violated the firm’s communications policy, according to a memo seen by Reuters on…
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