Goldman Sachs Group Inc
Goldman Sachs doesn’t see nuclear as a transformational technology for the future
A nuclear power plant photographed in Germany, on August 4, 2022. Discussions about nuclear’s role in Europe’s biggest economy have been thrown into sharp relief following Russia’s unprovoked invasion of Ukraine in February. Lennart Preiss | Getty Images News | Getty Images Nuclear has a role to play in the years ahead but it should […]
Read More
Goldman Sachs, bank behind the Apple Card, says regulators are investigating its credit card practices
Goldman Sachs CEO David Michael Solomon attends a discussion on “Women Entrepreneurs Through Finance and Markets” at the World Bank on October 18, 2019 in Washington, DC. Olivier Douliery | AFP | Getty Images Goldman Sachs said that its credit-card business is being investigated by the Consumer Financial Protection Bureau over a range of billing […]
Read More
The confusing job market: Tech and finance brace for the worst, retail is mixed, travel can’t hire fast enough
JetBlue Airways passengers in a crowded terminal on April 7, 2022 in the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Robert Nickelsberg | Getty Images News | Getty Images It wasn’t long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan Stanley staffed up to handle […]
Read More
Goldman says buy this ground-breaking biotech stock poised to rally 75% from here
Now is the time to buy biotech company Kymera Therapeutics as shares could jump more than 75% from here, Goldman Sachs said. Analyst Chris Shibutani initiated coverage of Kymera with a buy rating and a $40 price target, saying in a note to clients that shares are currently trading at an attractive entry for investors. […]
Read More
Bank stocks are ‘too cheap’ and could outperform S&P 500 after recession strikes, Oppenheimer says
Bank stocks have sold off this year on fears that a looming recession will rock the sector with surging loan defaults. But that reflex is an example of recency bias and ignores a few key differences in the U.S. financial industry after the 2008 financial crisis, Oppenheimer analyst Chris Kotowski said Friday in a research […]
Read More
Goldman-backed digital bank Starling reports its first annual profit as other fintechs stumble
The Starling Bank banking app on a smartphone. Adrian Dennis | AFP via Getty Images British digital bank Starling on Thursday reported its debut annual profit as revenues at the firm almost doubled. The lender swung to a pre-tax profit of £32.1 million ($38.3 million) in its fiscal year ending March 2022, having lost £31.5 […]
Read More
Op-ed: Goldman Sachs CEO David Solomon on what Main Street and the economy need from Congress
Pawel Toczynski | The Image Bank | Getty Images The U.S. economy is going through one of the most difficult periods I’ve seen in my 40-year career. Inflation, labor shortages, supply chain disruptions — all of them are hitting big business hard and small businesses even harder. And so this week, at Goldman Sachs’ 10,000 Small […]
Read More
Stock futures edge higher following Dow rally, better-than-expected Netflix earnings
U.S. stock futures edged higher on Tuesday after a sharp rally for the three major indexes during the regular trading session. Dow Jones Industrial Average futures rose 12 points, or 0.04%. S&P 500 and Nasdaq 100 futures climbed 0.16% and 0.32%, respectively. Netflix surged more than 7% in after-hours trading after saying it lost only […]
Read More
Stocks making the biggest moves midday: IBM, Boeing, Hasbro, Ford & more
IBM CEO Arvind Krishna appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images Check out the companies making headlines in midday trading Tuesday. IBM – Shares of IBM slipped 5.25% after the tech company warned of a potential $3.5 billion […]
Read More
‘What recession?’ Evercore ISI says after bank earnings show consumers are paying their debts
The odds of recession may be rising, but consumers haven’t gotten the memo yet. That’s one of the main takeaways from second-quarter reports from the six biggest U.S. banks. While signs of financial stress and the impact of rising interest rates have begun to appear at banks’ Wall Street operations, the core lending and deposits […]
Read More