Investment firm Goldman Sachs expects gas prices to fall sharply in Europe this winter, citing efforts by European Union countries to fend off shortages amid Russian cuts to gas. In a new note to clients, Goldman Sachs analysts said European gas prices could drop by half within the next six months, owing to EU efforts to…
Goldman Sachs Steepens US Rates Outlook
SINGAPORE—Goldman Sachs expects a steeper path for U.S. rate rises and a 75 basis point hike this month, as Federal Reserve officials have been sounding hawkish recently, the investment bank’s analysts said in a note. They had previously forecast a 50 bps hike in September. The analysts also raised their November forecast from 25 bps…
Don’t Work in ‘Lonely Home Silos,’ Jefferies CEO Tells Staff
Jefferies Financial Group would rather have its staff back at office working together than in “lonely home silos” to get the most out of the final quarter of the year, Chief Executive Officer Richard Handler said in a letter on Thursday. “As long as COVID continues to be manageable, we need everyone back in our…
Goldman Warns It May Slow Hiring, Cut Expenses as Deals Slump
July 19, 2022
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Goldman Sachs Group Inc on Monday warned it may slow hiring and cut expenses, as the economic outlook worsens, after reporting a 48 percent slump in quarterly profit which beat forecasts due to gains in fixed-income and commodities trading. U.S. Federal Reserve interest rate hikes, aimed at taming runaway inflation, have rattled global financial markets,…
Wall Street Rally Fades as Corporate Profit Reports Ramp Up
Stocks closed lower on Wall Street Monday after an early rally evaporated by midafternoon, marking a choppy start to a week full of updates on the two things that set stock prices: how much profit companies are making and where interest rates are heading. The S&P 500 fell 0.8 percent after having been up 1 percent…
Goldman Sachs Analyst: ‘Incredibly Bullish’ on Oil, Upside Risk is ‘Tremendously High’
June 27, 2022
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Oil prices are heading up in summer 2022 according to Goldman Sachs analyst Jeff Currie, who believes prices are being mainly driven by underinvestment in the sector. “The bottom line is the situation across the energy space is incredibly bullish right now. The pullback in prices we would view as a buying opportunity,” said Currie,…
Netflix Shares Slide as Goldman Downgrades on Grim Economic Picture
June 11, 2022
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Netflix Inc. shares fell 5 percent on Friday after Goldman Sachs downgraded the streaming pioneer over risks of slower consumer spending and tough competition from Amazon and Walt Disney Co. In April, Netflix lost subscribers for the first time in more than a decade, signaling trouble ahead for the industry as rising prices of food…
US Economy Remains on Track to Avoid Recession With Soft Landing: Goldman Sachs
Goldman Sachs economists believe the U.S. economy is still on track to avoid a recession, albeit via a narrow path, citing improved inflation levels and supply chain pressures. Economists led by Jan Hatzius wrote Sunday that better inflation figures along with adjustments to the jobs market have reduced the risk that the Federal Reserve will have…
Goldman Sachs Research Analyst Fatally Shot on NYC Subway
A research analyst with Goldman Sachs was shot and killed on a subway train in New York on May 22, according to the investment banking firm and his family Daniel Enriquez, who joined Goldman Sachs in 2013, was shot in the chest at about 11:45 a.m. local time as he was riding on the Q…
Goldman Sachs Research Analyst Shot and Killed in NYC Subway
A research analyst with Goldman Sachs was shot and killed on a subway train in New York City on Sunday, according to the investment banking firm and his family Daniel Enriquez, who joined Goldman Sachs in 2013, was shot in the chest on Sunday at around 11:45 a.m. as he was riding on the Q…
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