Whether it’s more government spending or an interest rate cut, Goldman Sachs is expecting a range of policy support in China — and has stock picks for each policy.
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Goldman says Beijing is stepping up support for businesses — and names stocks that will get a boost
Finance
JPMorgan hired NOAA’s chief scientist to advise clients on navigating climate change
Key Points Sarah Kapnick started her career in 2004 as an investment banking analyst, but was struck by how little climate change was being factored into financial decision making. She later became the chief science officer at the National Oceanic and Atmospheric Administration (NOAA) Last year, JPMorgan hired Kapnick back into banking, where she’s advising […]
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Finance
Daniel Loeb’s next task as his hedge fund turns 30: Avoiding becoming ‘AI roadkill’
Daniel Loeb has found himself a new goal as his hedge fund Third Point entered its milestone 30th year: To be a true winner in the red-hot artificial intelligence boom and not run over by it. “Change is happening at an ever accelerating and increasing rate and it’s just going to require us to continue […]
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Finance
Stocks making the biggest moves midday: Costco, Palantir, Gap, Ulta Beauty and more
Check out the companies making headlines in midday trading: Costco — The wholesaler gained more than 3% on fiscal third-quarter results that surpassed analysts’ estimates, while sales jumped 8% from the same period a year ago. Ulta Beauty — Shares of the beauty retailer skyrocketed nearly 13% to hit a 52-week high after the company […]
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