Citing a better earnings forecast for the index businesses, Goldman Sachs boosted its year-end goal for the benchmark S&P 500 to 5,200, representing a roughly 4% upside from current levels.
According to Goldman Sachs economists' predictions on Monday, the Federal Reserve is anticipated to begin reducing its benchmark interest rate in March and to do so five times in total in 2024.
Peter Oppenheimer, Head of Macro Research at Goldman Sachs in Europe, says artificial intelligence and decarbonization are driving the world economy into a new "super cycle" and stressed the evident shift towards this revolutionary stage of the economy.
Four years after launching a credit card with Apple, Goldman Sachs is facing an expensive exit from a collaboration that rival lenders perceive as too dangerous and unproductive.
Goldman Sachs said that robust US production will limit any increase in oil prices, lowering its price projection for Brent crude by $10 per barrel to between $70 and $90 in 2024.
According to a source familiar with the situation, Apple has offered Goldman Sachs a proposal to sever its relationship for credit cards and savings accounts within the next 12 to 15 months.
Last winter, Goldman Sachs reported it was working to make things better after a group of junior analysts revolted against 100-hour work weeks.
A day before President-elect Joe Biden is set to be inaugurated. The stock market is bringing great values. Here are the top five biggest gainers, this week.
The lender must pay settlement for its misconduct in selling securities backed by troubled mortgage in 2008. The agreement reached Monday.
Three bankers are leaving Goldman Sachs to join Uber tech company. They are the latest of Wall Street bankers departed to Silicon Valley.
The IPO from Square has set a new record by receiving an overwhelming response on its listing day. the stock rose 45% giving more cheers to investors. Forbes has done some assessment on who are the winners and losers in Square IPO.
Instead of adding more collateral, Goldman Sachs sold 1.3 million worth of shares from Valeant CEO Michael Pearson's share of the company on Thursday in line with his $100 loan.
To retain its junior bankers, Goldman Sachs Group Inc rolled out new strategies, which includes faster promotions, mobility, and more attractive compensation.
A surprising hike of Bitcoin value occurs in again in October. A Chinese capital outflow is the main reason of the sudde rise.
Goldman Sachs wants to recruit millennials. In fact, they shared a recruitment video ad on Snapchat to attract young workers.
According to a recently released indictment, two brothers from New York and Boston were placed under federal arrest on Tuesday.
The most recent data from the Consumer Price Index shows that, from March 2023 to March 2024, the index for electricity increased by 5%, which is more than economists would want to see. (Electricity rates increased by 0.9% from February to March 2024.)
After the government announced that April inflation was in line with experts' predictions, the most recent estimate of Social Security's cost-of-living adjustment 2025 increased to 3.2%, according to new figures released on Wednesday.
According to a recent Gallup poll, even though the majority of Americans have money stashed away in the stock market, they don't think it makes the greatest long-term investment. What then is it?
Hong Kong lost its status as a global financial hub amidst shifting rankings and regulatory hurdles. Read the implications of China's tightening grip and cross-border capital flow uncertainties.
Tuesday saw a spike in the value of several "meme stocks," or businesses whose valuation is driven more by social media talk than by more conventional economic factors like growth and profitability.
Hong Kong's business ecosystem has caused the EIU to downgrade it to ninth place and the Global Financial Centers Index to rank it fourth.
You could find yourself rushing to lower the thermostat's setting more frequently if scorching temperatures are predicted.
Citing fears about espionage, US President Joe Biden has ordered a Chinese-owned bitcoin miner and its partners to sell land they hold close to a US nuclear missile station.
Due to a budget deficit, Social Security may not be able to provide retired Americans with their full payments in around ten years.
