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Goldman Sachs Lifts 2024 S&P 500 Target to 5,200 on Upbeat Profit Outlook

Citing a better earnings forecast for the index businesses, Goldman Sachs boosted its year-end goal for the benchmark S&P 500 to 5,200, representing a roughly 4% upside from current levels.

Feb 19, 2024 11:10 AM EST


Goldman Sachs Expects Fed to Pivot, Slashing Rates to Boost Economy

According to Goldman Sachs economists' predictions on Monday, the Federal Reserve is anticipated to begin reducing its benchmark interest rate in March and to do so five times in total in 2024.

Jan 16, 2024 9:06 AM EST


Global Markets Poised for Expansion, Says Goldman Sachs, Citing AI and Green Tech

Peter Oppenheimer, Head of Macro Research at Goldman Sachs in Europe, says artificial intelligence and decarbonization are driving the world economy into a new "super cycle" and stressed the evident shift towards this revolutionary stage of the economy.

Jan 09, 2024 4:03 AM EST


Goldman Sachs Struggles to Exit Apple Credit Card Partnership

Four years after launching a credit card with Apple, Goldman Sachs is facing an expensive exit from a collaboration that rival lenders perceive as too dangerous and unproductive.

Dec 19, 2023 4:58 AM EST


US Production Squeezes Brent, Goldman Forecasts Lower Prices Down the Road

Goldman Sachs said that robust US production will limit any increase in oil prices, lowering its price projection for Brent crude by $10 per barrel to between $70 and $90 in 2024.

Dec 18, 2023 9:50 AM EST


Apple and Goldman Sachs Face Uncertain Future in Credit Card Partnership

According to a source familiar with the situation, Apple has offered Goldman Sachs a proposal to sever its relationship for credit cards and savings accounts within the next 12 to 15 months.

Nov 29, 2023 8:48 AM EST


You Can Have Too Much Of A Good Thing, Says Study Financial Analysts' Work-Life Balance

Last winter, Goldman Sachs reported it was working to make things better after a group of junior analysts revolted against 100-hour work weeks.

Jun 28, 2021 12:46 PM EDT


Day Before Biden: Top 5 Stock Gainers in Pre-Market

A day before President-elect Joe Biden is set to be inaugurated. The stock market is bringing great values. Here are the top five biggest gainers, this week.

Jan 19, 2021 11:10 AM EST


Goldman Sachs to Pay $5 Billion Settlement Over Troubled Mortgage-Backed Securities

The lender must pay settlement for its misconduct in selling securities backed by troubled mortgage in 2008. The agreement reached Monday.

Apr 13, 2016 7:47 AM EDT


Uber Recruits Three More Bankers to Join The Tech Company

Three bankers are leaving Goldman Sachs to join Uber tech company. They are the latest of Wall Street bankers departed to Silicon Valley.

Nov 27, 2015 12:56 AM EST


Jack Dorsey, retail investors win, while underwriters lose in Square IPO

The IPO from Square has set a new record by receiving an overwhelming response on its listing day. the stock rose 45% giving more cheers to investors. Forbes has done some assessment on who are the winners and losers in Square IPO.

Nov 25, 2015 12:13 AM EST


Goldman Sachs sells 1.3 million Valeant Asset instead of allowing CEO to add collateral

Instead of adding more collateral, Goldman Sachs sold 1.3 million worth of shares from Valeant CEO Michael Pearson's share of the company on Thursday in line with his $100 loan.

Nov 12, 2015 2:18 AM EST


Goldman Sachs rolls out new strategies to keep junior bankers

To retain its junior bankers, Goldman Sachs Group Inc rolled out new strategies, which includes faster promotions, mobility, and more attractive compensation.

Nov 09, 2015 4:25 AM EST


Bitcoin Value Keeps Surging Surprisingly

A surprising hike of Bitcoin value occurs in again in October. A Chinese capital outflow is the main reason of the sudde rise.

Nov 05, 2015 2:41 AM EST


Goldman Sachs shares video ad on Snapchat to recruit millennials

Goldman Sachs wants to recruit millennials. In fact, they shared a recruitment video ad on Snapchat to attract young workers.

Sep 20, 2015 11:58 PM EDT


China economy concerns: It's overdone, says Goldman Sachs

Goldman Sachs assures investors that the global markets need not worry over the China's economy slowdown, currency devaluation or drop in manufacturing industry output as it's overdone already. China is growing at seven percent and this is enough to create new jobs and support the transition of economy from infrastructure-based to consumer spending based economy.

Sep 10, 2015 11:42 PM EDT


Goldman Sachs is hiring in Poland

Goldman Sachs is hiring more people for its technology unit in Poland as the Eastern European country offers affordable business environemnt. The US bank will recruit several hundres of people over next three years.

Aug 28, 2015 4:33 AM EDT


Goldman Sachs' distress trading desk lost $60 million

Goldman Sachs distressed-debt team lost about $50 million to $60 million, which means even this big bank, is not safe from the recent stock market chaos.

Aug 28, 2015 2:05 AM EDT


KKR's Samson Resources to File for Bankruptcy

KKR's Samson Resources investment will be taken over by its lenders due to bankruptcy. The company will skip its $110 million interest payment through a 30-day grace period.

Aug 17, 2015 3:19 AM EDT


GE sells online deposit platform to Goldman Sachs

GE is dismantling its financial services unit to focus on its industrial business. Goldman Sachs has agreed to buy the online deposit platform of its unit GE Capital Bank, which has been under regulatory pressure.

Aug 16, 2015 11:23 PM EDT


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