Goldman Sachs
American investment bank
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01.07.2024Labour Party wins the general election
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business 2025-06-27 11:00
Goldman Sachs internship more selective than becoming an astronaut - Goldman Sachs accepted 2,600 candidates for its 2025 summer internships from 360,000 applicants.
- Under CEO David Solomon, the number of applicants has grown over 300% since 2018.
- The selection process for prospective interns is now increasingly competitive, likening it to NASA's astronaut selection.
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technology 2025-06-23 21:45
Goldman Sachs launches AI assistant to boost employee productivity - Goldman Sachs launched the GS AI Assistant to help employees enhance productivity.
- The assistant is accessible firmwide and tailored to meet various job functions.
- This move indicates a growing trend of AI adoption in the financial industry.
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business 2025-06-23 16:33
BlackRock and Goldman Sachs shut down multiple ETFs due to lack of interest - BlackRock and Goldman Sachs are closing several ETFs due to changing investor sentiment.
- BlackRock shut down eight ETFs and six mutual funds, including three ESG-themed funds.
- These closures indicate a larger industry trend of consolidating underperforming funds.
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business 2025-06-17 20:30
Iron ore prices plunge as China's economy struggles - Iron ore prices in Singapore have dropped for four consecutive sessions, indicating significant market fluctuations.
- China's steel output for May represented a historic low, decreasing 7% from the previous year.
- Analysts foresee ongoing weakness in China's economy, prompting reductions in iron ore price targets.
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politics 2025-05-30 17:32
Ex-Goldman Sachs banker sentenced for 1MDB scheme - Tim Leissner, a former banker at Goldman Sachs, was sentenced to two years in federal prison for his involvement in the misappropriation of funds from the 1MDB fund.
- Leissner's actions resulted in the illegal diversion of over $4.5 billion, which funded luxury purchases and a major Hollywood film.
- The 1MDB scandal has caused significant political fallout in Malaysia, leading to the imprisonment of former Prime Minister Najib Razak.
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business 2025-05-30 00:00
Consumer spending rises as inflation remains mild in April - Inflation rates remained low in April 2025, according to recent data.
- Consumer spending showed a notable decline as Americans reacted to tariff changes.
- Economists predict rising inflation rates as tariffs influence future prices.
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business 2025-05-27 11:02
Circle targets $6.7 billion valuation with its IPO launch - Circle's IPO seeks to raise approximately $624 million at a valuation of about $6.7 billion.
- The offering includes 24 million Class A shares, with significant backing from major investment firms.
- The IPO signifies increasing confidence in the cryptocurrency market as regulatory developments unfold.
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business 2025-05-25 00:00
Goldman Sachs names top stocks set to rise amid economic uncertainty - Goldman Sachs has identified five stocks with significant growth potential in a turbulent economy.
- KinderCare's shares have dropped over 34%, prompting recommendations for buying amid strong demand for childcare services.
- The firm affirms that these stocks could yield profitable returns for investors as market conditions continue to evolve.
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business 2025-05-21 06:00
Goldman Sachs finds tax cuts insufficient to counteract tariff impact - Goldman Sachs analysis indicates proposed tax cuts exceed previous expectations, aiming for a growth boost.
- However, the negative impact from tariffs will counteract these growth benefits, worsening fiscal outlook.
- Consequently, the analysis raises concerns about federal revenue and ongoing budget deficits.
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business 2025-05-12 06:00
Goldman Sachs warns against jeopardizing central bank independence - Goldman Sachs economists analyzed the risks of undermining the independence of central banks like the Federal Reserve.
- The report highlighted that political pressure could erode the public's perception of monetary policy independence.
- The analysis concluded that reduced independence could lead to higher inflation and negatively impact stock prices and currency strength.
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business 2025-05-08 00:00
Goldman Sachs leads push against anti-DEI shareholder resolutions - Recent filings show a rise in anti-DEI proposals in U.S. public companies, reaching 40% of all DEI proposals.
- Major corporations like Goldman Sachs and Costco have resisted anti-DEI shareholder resolutions, indicating a strategic response to diverse stakeholder pressures.
- The growing conflict between corporate DEI support and anti-DEI sentiments reflects a significant shift in corporate governance dynamics.
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business 2025-05-06 00:00
Palantir shares drop despite soaring revenues and optimistic guidance - Palantir reported adjusted earnings of 13 cents per share on $884 million in revenues for Q1.
- Despite strong revenue growth, the company's stock fell over 10% due to valuation concerns.
- Analysts remain skeptical about Palantir's future growth, citing high valuations and declining international revenues.
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business 2025-05-01 00:00
Goldman Sachs names Johnson & Johnson to its high-conviction list - Goldman Sachs updated its conviction list for May, adding Johnson & Johnson and removing Meritage Homes.
- The bank forecasts a 10% upside for Johnson & Johnson, citing its defensive growth and strong balance sheet.
- These updates reflect broader economic concerns of lower growth and higher inflation impacting the stock market.
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business 2025-04-30 18:41
Goldman Sachs CEO warns of potential layoffs amid economic uncertainty - David Solomon expressed that uncertainty in the financial markets is affecting investment activities.
- He noted an increase in capital market activities in the first quarter of 2025 compared to previous years.
- Solomon believes that clarity in policy could lead to a stabilization of the markets.
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business 2025-04-30 00:00
Goldman Sachs backs Brinker International despite stock drop - Brinker International reported fiscal third-quarter earnings of $2.66 per share on $1.43 billion in revenue, exceeding analyst expectations.
- Despite outperforming projections, shares fell 15% amid concerns over sustainable growth.
- Goldman Sachs maintained a buy rating, projecting a 40% upside based on the company's strategic improvements.
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technology 2025-04-28 00:00
Companies set to invest over $1 trillion in AI initiatives - Access to artificial intelligence is becoming more democratized due to advancements in technology.
- Organizations need to implement structured systems and disciplined strategies to maximize AI's potential.
- Success in leveraging AI will depend on both financial investment and innovative operational frameworks.
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business 2025-04-25 00:00
Goldman Sachs upgrades Charles Schwab amid uncertain market - Goldman Sachs upgraded Charles Schwab from neutral to buy due to strong earnings growth outlook.
- Analysts project compound annual growth rate for Schwab's earnings per share to be 25%, significantly higher than competitors.
- The positive sentiment around the stock suggests it is a good investment amid an uncertain market.
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business 2025-04-22 00:00
Trump's tariffs threaten jobs across America - Mack Trucks is planning layoffs due to market uncertainties and the effects of new tariffs.
- Goldman Sachs estimates that the tariffs will create 100,000 jobs but destroy 500,000.
- The economic uncertainty from these tariffs is likely to lead to further job losses in various sectors.
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business 2025-04-14 17:30
Goldman Sachs' David Solomon warns of serious economic risks from trade war - Goldman Sachs reported a profit of $4.74 billion in Q1 2025, reflecting a strong performance in equities trading.
- Despite gains in trading revenue, investment banking fees fell by 8% amid low merger activity and IPOs.
- David Solomon warned that the trade war poses material risks to the economy, potentially leading to recession.
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business 2025-04-14 15:16
Goldman Sachs urges ESG investors to boost fossil fuel investments - Energy advocates have raised concerns regarding proposed cuts to the Department of Energy's Loan Programs Office.
- BP announced a significant oil discovery off the coast of Louisiana, with ambitions to increase production.
- Goldman Sachs is urging ESG investors to diversify their portfolios by incorporating fossil fuels to ensure affordable energy.
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business 2025-04-08 12:06
Economic fears rise as Goldman Sachs predicts recession likelihood - Asian stock markets experienced significant declines, highlighting investor fears of a global trade war.
- Goldman Sachs raised the odds of a U.S. recession to 45%, citing increased policy uncertainty and diminishing economic confidence.
- The ongoing tariff situation remains a major concern for economists, raising alarms over potential economic repercussions.
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business 2025-04-05 08:50
AlixPartners plans sale of minority stake amid booming deal frenzy - AlixPartners has engaged Goldman Sachs to facilitate a sale of a minority stake in the consulting firm.
- The firm is significantly owned by Canadian pension funds and a private equity firm, with a smaller portion owned by its partners.
- PSP plans to sell its stake, reflecting a continuing trend of active deal-making within the professional services sector.
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business 2025-04-03 08:56
Goldman Sachs raises recession odds to 35% due to tariffs - Goldman Sachs has raised its recession probability for the U.S. from 20% to 35% due to escalating tariffs.
- The forecast reflects a deteriorating economic outlook as tariffs increase and business confidence wanes.
- Analysts warn that the aggressive tariff approach might inadvertently lead the U.S. into a recession.
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business 2025-03-16 09:47
Sathya Reddy strengthens Sosuv's technology consulting expertise - Sosuv Consulting announced the hiring of Sathya Reddy as Vice President of Connectivity Projects.
- Reddy has over 15 years of experience in financial services, particularly in electronic trading technology.
- His appointment underscores Sosuv's intent to provide advanced consulting services and attract top talent.
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business 2025-03-15 00:00
Goldman Sachs backs top stocks to thrive amid market uncertainty - Goldman Sachs identified stocks positioned favorably amid market uncertainty, including Globant and American Tower.
- Analysts highlighted opportunities for growth driven by innovation and strategic management decisions.
- Investors are encouraged to view these companies as potential buys during this volatile economic period.
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business 2025-03-13 18:04
Goldman Sachs cuts S&P 500 target as tech names struggle - Goldman Sachs has revised its year-end S&P 500 target to 6,200 amid declining tech stocks.
- The S&P 500 index has dropped nearly 8% recently, driven by concerns over tariff-induced economic stagnation.
- Both Goldman and Yardeni Research now advise caution in the market, suggesting investments in more stable stocks.
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business 2025-02-20 00:01
Rachel Reeves meets with bankers to address UK economic growth concerns - Rachel Reeves is consulting with investment bankers to enhance the UK economy.
- Concerns have been raised by financiers regarding changes to non-domiciled tax status.
- The government aims to work closely with industry leaders to foster economic growth.
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business 2025-02-20 00:00
Goldman Sachs boosts price target for Pony AI amid robotaxi expansion - Pony AI has received a mutual-recognition of qualification in the Greater Bay Area, enhancing its potential for cross-city operations.
- Goldman Sachs raised its 12-month price target for Pony AI shares to $22.50, signaling confidence in the company.
- Despite a 17% decrease in 2024, Pony AI's shares have rebounded in 2025, showing positive growth potential.
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business 2025-02-13 06:00
Small businesses demand action to boost growth in the UK - Goldman Sachs report details small businesses' wishlist for economic growth.
- Key recommendations include funding access, AI training for leaders, and curriculum changes.
- Implementing these recommendations could significantly enhance small business support in the UK.
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business 2025-01-29 00:00
Goldman Sachs claims sell-off is just a market correction - Goldman Sachs reports confidence in the stock market despite investor concerns regarding DeepSeek.
- Chief global equity strategist Peter Oppenheimer asserts the current sell-off is a correction and not a bear market.
- Investors are advised to diversify their holdings, balancing stocks with safe-asset bonds.
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business 2025-01-27 00:00
Twilio stock sees significant upgrade from Goldman Sachs amid promising forecasts - Goldman Sachs upgraded Twilio's rating from neutral to buy and raised its price target significantly.
- Twilio's shares surged 20% following positive forward guidance at its analyst day.
- Analyst Kash Rangan believes Twilio is experiencing a turnaround that indicates potential for significant growth.
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business 2025-01-09 00:00
Young wolves take on Goldman Sachs in bold move - Donald Trump is set to take office for his second term on January 20th, 2025.
- Traders are focused on the Canadian dollar, Danish krone, and potential tariffs.
- The upcoming policies are expected to significantly affect the stock market and trading strategies.
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2023 All rights reserved