Goldman Sachs is warning that markets are a bit too relaxed about the risk posed by the Ukraine situation and economists at the bank have predicted the American economy to fall into recession next year. Current prices in the market are no longer reflecting the negative scenarios that could pan out from the Russia-Ukraine conflict….
Ukraine Risk Far From Over, US Could Enter Recession in 2023: Goldman Sachs
It Is Not Wall Street’s Job To ‘Ostracize’ Russia: Goldman Sachs CEO
March 14, 2022
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Business & EconomyCompaniesDavid Solomoneconomic policiesEuropeGoldman SachsJP MorganMarketsNew Sanctions on RussiaRussia-Ukraine WarUSUS NewsWorld
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Despite what’s happening in Ukraine, it was not the responsibility of businesses to engage in politically-motivated exits, according to Goldman Sachs CEO David Solomon, as his bank decided to leave the country following a multitude of international corporations that have forfeited their operations in Russia. The task of deciding a boycott lies with the United…
Capitol Report (March 11): US Warns of Possible Chemical Weapons Attack
March 11, 2022
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Capitol Reportcommunismcritical race theoryGoldman SachsinflationmarxismNews Videosron desantisRussiaUSUS NewsUS-Russia relationsWashington D.C.
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President Joe Biden announced action to cripple Russia’s economy. The United States and its allies are stripping Russia of its most favored nation trade status. Biden’s also banning imports of other Russian products. As Biden takes more steps to isolate Russia, what will the future of U.S.-Russia relations look like? We pose that question to…
Goldman Sachs, JPMorgan to Exit Russia in Wake of Ukraine Invasion
March 11, 2022
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Goldman Sachs is one of the first major global investment banks to exit Russia in the wake of its invasion of Ukraine. A spokesperson for Goldman Sachs told CNBC in a statement that it is “winding down its business in Russia in compliance with regulatory and licensing requirements” and is “focused on supporting our clients…
Goldman Sachs GQG Fund Cuts Russian Exposure to $222 Million
NEW YORK—Goldman Sachs Asset Management has reduced the Russian exposure in its GQG international equity fund to about $222 million, according to a statement and a spokesperson, down from over $1.7 billion six months ago. The Goldman Sachs GQG Partners International Opportunities Fund was 0.99 percent exposed to Russia as of the end of February,…
Goldman Sachs Sees Risks to European Stocks From Ukraine Crisis
Goldman Sachs on Friday cut its target for Europe’s major stock index, saying equities in the region are likely to face risks for some time as the Russia-Ukraine crisis intensifies. Ukrainian President Volodymyr Zelenskiy pleaded with the international community to do more, saying sanctions announced so far were not enough. The United States, Britain, Japan,…
Goldman Lowers S&P 500 Forecast, Cuts Year-End Target to 4,900
Goldman Sachs Group Inc. strategists have lowered their S&P 500 forecast for this year. They have cut their year-end target for the S&P 500 benchmark index to 4,900 points, down from 5,100 points previously. According to Goldman, the 4,900 target implies full-year returns of just 4 percent for U.S. equities, which is “modestly below the…
Former Goldman Banker Stands Trial for 1MDB Corruption Scandal
February 9, 2022
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The corruption trial of a former Goldman Sachs banker began with jury selection on Monday in Brooklyn federal court, following his criminal charges linked to a multibillion-dollar scandal at the Malaysian sovereign wealth fund 1MDB. Roger Ng, Goldman’s former head of investment banking in Malaysia, faced trial following a three-year delay due to the pandemic….
Blackstone, Goldman Sachs Expanding Footprint in Asia
Blackstone and Goldman Sachs are looking to increase their investment presence in Asia, the companies confirmed. In a fourth-quarter conference call last week, the world’s largest alternative asset manager confirmed that it has gathered $11 billion to acquire companies in Asia following its second private-equity fund for the continent. It raised $6.4 billion and will…
Goldman Downgrades US GDP Forecast, Predicts More Downside Risk for S&P 500
Investment banking giant Goldman Sachs has trimmed its forecast for U.S. economic output in 2022, predicting growth will stall early in the year due to fading fiscal support and the impact of Omicron. Goldman has cut its U.S. GDP forecast for all of 2022 to 3.2 percent from a previous projection of 3.8 percent, according…
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