Goldman Sachs Group Inc
Why the $2 trillion crypto market crash won’t kill the economy
Francesco Carta Fotografo | Moment | Getty Images Carnage in the crypto market won’t let up, as token prices plummet, companies lay off employees in waves, and some of the most popular names in the industry go belly up. The chaos has spooked investors, erasing more than $2 trillion in value in a matter of […]
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Goldman Sachs loves these 4 global energy stocks — and one is on its conviction list
Analysts at Goldman Sachs and Bank of America have picked their top energy stocks, with those involved in hydrogen, electric vehicles and renewables among their favorites. The sector certainly looks hot right now, with the iShares Global Energy ETF up around 30% year-to-date as investors react to sky-high energy prices. In a note from June […]
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Goldman Sachs says these global companies are poised to return more cash to shareholders
Share buybacks are on the rise, according to Goldman Sachs , with the investment bank naming a raft of European companies that it thinks are ready to accelerate the pace of shareholder returns. Share buybacks, also known as share repurchases, are when a company buys back its own shares from the stock market. This boosts […]
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Goldman loves this ‘transformational’ sector — which is down over 50% in the past year
U.S. biotech is a hot pick for Goldman Sachs , which said the sector offers investors some “very attractive” entry points. Luke Barrs, head of fundamental equity, EMEA at Goldman Sachs Asset Management, told CNBC there is a “transformational change” happening in healthcare, particularly in genomic technology, a developing area of medicine that can personalize […]
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Investment banks say it’s time to get back into China, with Goldman naming 10 top stocks
China’s reopening after weeks of big-city lockdowns is “enticing” investors, according to HSBC , while Goldman Sachs has named a raft of stocks it says are at attractive valuations. Both Shanghai and Beijing have started to relax their Covid restrictions after weeks of strict lockdowns. This opening-up — combined with soaring government investment and plummeting […]
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Goldman Sachs CEO David Solomon’s advice to summer interns: ‘Be an entrepreneur’
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Internships have started at Goldman Sachs’ offices in the U.S. this week, according to the global investment bank. Roughly 3,700 people won a coveted spot in the company’s internship program out of a record […]
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A wholly owned subsidiary of Apple will extend loans for its Pay Later product
Apple CEO Tim Cook poses for a portrait next to a line of new MacBook Airs as he enters the Steve Jobs Theater during the Apple Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California on June 6, 2022. Chris Tuite | AFP | Getty Images A wholly owned subsidiary of Apple […]
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Crypto poses a threat to the safety of global payment systems, fintech boss warns
Starling CEO Anne Boden. Harry Murphy | Sportsfile for Web Summit via Getty Images AMSTERDAM — The boss of Goldman Sachs-backed digital bank Starling has doubled down on criticisms of crypto, calling digital currencies a threat to the safety of payment infrastructure. “It is very dangerous,” Anne Boden, who founded Starling in 2014, warned Tuesday […]
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Citi names the ‘attractive’ oversold stocks to buy right now
Market watchers have been reluctant to call the bottom on the brutal Wall Street sell-off this year, but Citi thinks a slew of stocks are now oversold and investors should buy the dip. The bank’s analysts, led by Hong Li, said that — given the “continued high macro risk and market volatility” — investors should […]
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A paradigm shift has begun in markets, says Morgan Stanley’s Ted Pick. Here’s what to expect
Trader on the floor of the NYSE, June 1, 2022. Source: NYSE Global markets are in the beginning of a fundamental shift after a nearly 15-year period defined by low interest rates and cheap corporate debt, according to Morgan Stanley co-President Ted Pick. The transition from the economic conditions that followed the 2008 financial crisis […]
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