Goldman Sachs Group Inc
Why the Dow is in such a historic funk and how concerned you should be
Key Points The biggest laggard in the Dow Jones Industrial Average has been UnitedHealth, which has contributed to more than half of the decline over the past eight sessions. There’s a rotation going on with investors selling out of the cyclical names in the 30-stock Dow that initially popped on Trump’s reelection. There are many […]
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Broadcom jumps 11%, extending record run as Goldman expresses ‘higher conviction’
Broadcom CEO Hock Tan. Lucas Jackson | Reuters After topping $1 trillion in market cap on Friday and soaring 24% for its best day on record, Broadcom’s stock jumped another 11% on Monday, driven by increased price targets from Wall Street. The latest rally was spurred by Broadcom’s better-than-expected earnings report late Thursday, and an […]
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CNBC Daily Open: Predicting the markets is pretty pointless
A trader at the New York Stock Exchange in November 2024. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you […]
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Bank of Japan expected to keep rates on hold this week — CNBC survey
A Japanese national flag flies while a pedestrian walks past the Bank of Japan (BOJ) headquarters in Tokyo, Japan, on Monday, Sept. 14, 2020. Kiyoshi Ota | Bloomberg | Getty Images The Bank of Japan (BOJ) is likely to keep its benchmark interest rate unchanged this week as it awaits greater clarity on domestic wages […]
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CNBC Daily Open: The perils of market predictions
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 10, 2024. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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Bank of America, Goldman to donate undecided amounts to Trump’s inaugural committee
A man walks by the Bank of America headquarters in New York on July 18, 2023. Eduardo Munoz | View Press | Getty Images Bank of America, the second-largest U.S. lender, and investment bank Goldman Sachs plan to contribute to President-elect Donald Trump’s inaugural committees, but have yet to decide on the amount, spokespeople for […]
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Who got it right and wrong on Wall Street in their 2024 stock market outlook
This year, Wall Street extended its artificial intelligence-powered bull market into a second year, far surpassing the year-end forecasts made by top strategists. In fact, all of them turned out to be very wrong. Original 2024 outlooks for the S & P 500 ranged from a low of just 4,200 at JPMorgan by Dubravko Lakos-Bujas, […]
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Trump antitrust appointments to unleash M&A ‘animal spirits,’ says Morgan Stanley
President-elect Donald Trump ‘s picks for top regulators may not lead to a total free-for-all of corporate deal-making, but they should be more than enough to unleash the pent-up demand for mergers and acquisitions, according to Morgan Stanley. Analyst Ryan Kenny said in a note to clients that the second Trump administration — including the […]
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Trump rings bell at NYSE to cheers of ‘USA’ as Wall Street CEOs, business leaders look on
President-elect Donald Trump rang the opening bell at the New York Stock Exchange on Thursday after vowing an economic boom to a cheering crowd of traders and business leaders. “We’re with you all the way,” the incoming Republican president said in the NYSE building in lower Manhattan, where he was invited after becoming TIME’s “Person […]
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India’s ReNew Energy offered to be taken private in $2.82 billion deal
Sumant Sinha, chief executive officer of Renew Energy Global Plc, during a Bloomberg Television interview in London, UK, on June 7, 2023. Bloomberg | Bloomberg | Getty Images Some of the biggest investors in ReNew Energy Global have offered to take the company private, filings to the U.S. Securities And Exchange Commission show, in a […]
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