The firm sees “close to no chance” of a recession over the next 12 months, but a 38% probability in the following year.
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Goldman sees risks rising for a ‘mild’ recession, but not for at least another year
World
Chinese companies are ramping up homegrown AI chips, even if Nvidia is coming back
China is focusing on large language models in the artificial intelligence space. Blackdovfx | Istock | Getty Images Production of Chinese chips could ramp up this year, as executives at the country’s biggest tech companies look to deploy more homegrown technology — as it’s reported U.S. chip giant Nvidia could return. On Wednesday, internet titan […]
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World
Goldman Sachs warns UK T-bills are no ‘magic bullet’ for UK fiscal woes as borrowing costs surge
The U.K. wants to issue more shorter-term debt in order to keep a lid on its runaway borrowing costs — but Goldman Sachs analysts say a shift to more T-bill issuance offers only “limited” fiscal improvement. The U.K.’s use of T-bills — shorter-dated, zero-coupon bonds with maturities typically under one year — has historically been […]
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World
Burberry stock drops even as Americas and China demand boost turnaround efforts
Burberry‘s full-year results marked a “meaningful inflection point,” the company said Thursday, as the luxury group reported sales growth boosted by strong demand from its key Americas and China markets. But Burberry stock slipped 6.84% by 11.21 a.m. in London (6:21 a.m. ET) as a weaker performance in Europe and the Middle East weighed on […]
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