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China will have nearly twice the pets than young children by 2030, Goldman Sachs says
A dog getting groomed during a pet show in Shanghai on August 17, 2023. Str | Afp | Getty Images China’s pet population will be close to double that of its young children by 2030 as young Chinese remain unwilling to start new families, Goldman Sachs said in a recent note. The country’s urban pet […]
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These stocks will be the winners and losers of rising U.S.-China trade tensions, Wall Street says
Tensions are ratchetting up between U.S. and its major trading partners. In the latest, Bloomberg on Wednesday reported that the Biden administration is considering a wide-sweeping rule to clamp down on companies exporting their critical chipmaking equipment to China. That follows new tariff rates on $18 billion worth of Chinese imports — including electric vehicles, […]
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Dimon and other Wall Street CEOs react to Trump assassination attempt: ‘Deeply saddened’ by violence
Key Points The leaders of Wall Street’s most powerful firms are speaking out to condemn the attempted assassination of former President Donald Trump at a Pennsylvania rally over the weekend. JPMorgan Chase CEO Jamie Dimon told employees Sunday that he and his management team were “deeply saddened by the political violence.” Goldman Sachs CEO David […]
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Stock futures rise as investors look to earnings to keep lifting market to records: Live updates
Traders on the floor of the New York Stock Exchange on Aug. 4, 2022. Source: NYSE Stock futures were higher in overnight trading Sunday as investors gear up for a big week of key corporate earnings. Futures on the Dow Jones Industrial Average rose 93 points, or 0.23%. S&P 500 futures added 0.26% and Nasdaq […]
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14 analysts raised their price targets on this Chinese tech giant in the past 3 weeks
One Chinese tech stock got a lot of love from analysts in recent weeks. That’s internet giant Tencent, which is known for its gaming business and runs WeChat, one of the world’s largest messaging apps. Fourteen analysts raised their price targets for the stock and none lowered it in the past three weeks, according to […]
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Goldman Sachs extra these world-wide shares to its ‘conviction’ lists
Goldman Sachs has refreshed its lists of top world-wide stock picks for July, incorporating some and getting rid of some others. The shares are featured in the financial commitment bank’s “Conviction Record – Directors’ Minimize” which seeks to provide traders a “curated and active” list of 15 to 25 acquire-rated shares. Stocks on the listing […]
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Stocks producing the most important moves premarket: Most effective Obtain, Toll Brothers, Autodesk and more
Examine out the companies creating headlines ahead of the bell. Toll Brothers — The homebuilder attained 1.3% right after Goldman Sachs upgraded it to neutral from market. Goldman cited in the vicinity of-phrase upsides from customization and updates, as nicely as continued outperformance of new home profits. Ideal Acquire — Shares rose a lot more […]
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How immigrants are helping to keep job growth hot while inflation cools
U.S. President Joe Biden greets members of the U.S. Border Patrol at the U.S.-Mexico border in Brownsville, Texas, U.S., February 29, 2024. Kevin Lamarque | Reuters Immigration — both authorized and unauthorized — has helped the U.S. job market sustain a fiery run in recent months without reigniting inflation, economists and analysts say. The effect […]
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Dimon, Fraser and Moynihan will attend private Trump CEO meeting — some others will skip
US President Donald Trump gestures as CEO of Bank of America Brian Moynihan (L) speaks during a meeting with banking leaders to discuss how the financial services industry can meet the needs of customers affected by COVID-19 at the White House in Washington, DC on March 11, 2020. Brendan Smialowski | AFP | Getty Images […]
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OPEC+ decision to increase oil supply is a ‘bearish surprise’ for the market, Goldman says
The detailed plan laid out by OPEC+ over the weekend to increase oil production delivered a “bearish surprise” to a market where prices were already under downward pressure, according to Goldman Sachs. Eight OPEC+ members, led by Saudi Arabia and Russia, agreed Sunday to gradually phase out voluntary production cuts totaling 2.2 million barrels per […]
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