Posts filtered by tags: Goldman[x]


 

Goldman Sachs slashes its 12-month forecast for Chinese stocks by 20% after unprecedented regulatory crackdown

Chinese stocks have fallen sharply since February. Jie Zhao/Getty Images Goldman Sachs has cut its 12-month forecast for the MSCI China index by more than 20%. It follows a regulatory crackdown by Beijing on China's education sector and tech companies. Chinese stocks soared at the end of 2020 and early 2021, but have fallen sharply since February. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Goldman Sachs has dramatically cut its forecast for Chinese stocks...
Tags: Hong Kong, China, Trends, Bloomberg, Beijing, Goldman Sachs, Goldman, MSCI, Harry Robertson, MSCI China, Ant Group, Things Before the Opening Bell Goldman Sachs, Yet Goldman, Jie Zhao Getty, Kinger Lau


Interview About Section 230 and COVID Misinformation

[I did another interview with Mathew Ingram at Galley by CJR] Ingram: Eric, thanks very much for doing this. I know we’ve discussed Section 230 before on Galley, so I don’t want to go over old ground, but is there anything about the current situation that is different or has changed your view on Section 230 and its benefits or disadvantages? Does the proposed Klobuchar bill have any merit do you think? Goldman: Thanks for having me again. The Section 230 landscape remains about the same as 2020...
Tags: Google, Facebook, Florida, Law, Fox News, Donald Trump, Goldman, Trump, Eric, HHS, Klobuchar, Ingram, Galley, Mathew Ingram, Lujan, Content Regulation


'US strength likely to offset China weakness': Here's what 3 analysts expect from Apple's 3rd-quarter earnings report

Apple CEO Tim Cook. Roy Rochlin/WireImage/Getty Images Apple is scheduled to reports its third-quarter earnings on Tuesday after the market close.Analysts expect the iPhone maker to record $73 billion in revenue and $1.00 in earnings per share.The earnings reports comes as Apple trades near record highs with a $2.5 trillion valuation.Sign up here our daily newsletter, 10 Things Before the Opening Bell.Apple's third quarter earnings report after the market close on Tuesday will help inve...
Tags: Apple, China, US, Trends, Markets, Bank Of America, Goldman Sachs, Stock Market, Apple Stock, Goldman, Jpmorgan, BofA, Matthew Fox, Getty Images Apple, Apple s Services, Apple earnings


How JPMorgan is making a big push into wealth management

Jamie Dimon has been CEO of JPMorgan since 2005. Business Insider JPMorgan, headed up by CEO Jamie Dimon since 2005, is the biggest US bank by assets. The firm is setting out to double the size of its financial advisor force catering to rich clients. It's also made a number of wealth leadership changes and new hires. Visit Business Insider's homepage for more stories. JPMorgan is the biggest US bank by assets and a bellwether for the global financial system. So when the firm's...
Tags: Google, Florida, UK, California, US, Trends, Merrill Lynch, Goldman Sachs, Goldman, Robinhood, Jamie Dimon, Cnbc, Wells Fargo, Marcus, Jpmorgan, Reid


The S&P 500 is on track for the best quarterly earnings growth since 2009 as companies smash expectations

Company earnings have consistently beaten Wall Street estimates in the second quarter. JOHANNES EISELE/Getty Images The S&P 500 is on track for its best quarterly earnings growth since 2009, data shows. Companies are smashing expectations, with 88% so far outstripping estimates in Q2. Strong earnings are supporting stocks, but the delta COVID-19 variant remains a risk. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. S&P 500 companies are on track for the best earn...
Tags: US, Trends, Britain, Delta, Goldman, Coca Cola, Dow Jones, FactSet, Johannes Eisele Getty, Mark Haefele, Dubravko Lakos Bujas, Harry Robertson, Lakos Bujas, UBS Global Wealth Management, COVID


60% of super-rich family offices own crypto or are interested as inflation soars, Goldman Sachs says

Cryptocurrencies have boomed in 2021, despite a recent plunge. Yuriko Nakao/Getty Images 60% of family offices have already invested or are interested in crypto, Goldman Sachs has found. Many investment firms of the rich increasingly see crypto as a hedge against inflation, the survey said. Yet others remain concerned about cryptocurrencies' volatility and the safety of the market. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The investment firms of the sup...
Tags: Asia, Europe, Africa, Americas, Trends, Middle East, Goldman Sachs, Goldman, EMEA, Harry Robertson, Yuriko Nakao Getty, David Grider, Ria Bhutoria


US stock futures rise as earnings optimism outweighs COVID concerns, while bitcoin climbs after Elon Musk's comments

Investors have cheered US earnings. Johannes Eisele/AFP via Getty Images US stock futures rose on Thursday as investors cheered strong earnings from major companies. Stocks fell on Monday on concerns about COVID cases, but have since rebounded. Bitcoin rose again after Elon Musk and other influencers spoke favorably of the asset. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stock market futures rose on Thursday as company earnings season helped boost optim...
Tags: Verizon, Hong Kong, Spacex, Elon Musk, China, US, Trends, Tesla, Bloomberg, European Central Bank, US Treasury, Ecb, Nasdaq, Goldman, Coca Cola, Dow Jones


Investors are rushing to hedge oil bets after Delta variant jitters gave crude its biggest drop this year

Shutterstock Investors are trying to hedge their oil bets after Monday's beating, according to a Wall Street Journal report. Some particularly prescient traders had already hedged their position before Monday's oil turmoil. Analysts still expect oil to climb, arguing fundamental supply and demand dynamics are unchanged. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Oil took a beating during Monday's sell-off, leading investors to hedge their bets d...
Tags: Oil, Trends, Markets, Bank Of America, Delta, Ubs, Goldman Sachs, Goldman, Wall Street Journal, Futures, Options, Hedging, Mizuho Securities, Bob Yawger, Yawger, Opening Bell Oil


JPMorgan CEO Jamie Dimon just got a big new incentive to stay on for 5 more years. Here's everything you need to know.

Jamie Dimon has been CEO of JPMorgan since 2005. Business Insider JPMorgan, headed up by CEO Jamie Dimon since 2005, is the biggest US bank by assets. The bank has granted Dimon a big stock award, and he has to stay around five years to collect it. Earlier this year JPM revealed a leadership shakeup that hinted at CEO successors. Visit Business Insider's homepage for more stories. JPMorgan is the biggest US bank by assets and a bellwether for the global financial system. So when the f...
Tags: Google, Florida, UK, California, Wall Street, US, Trends, Goldman Sachs, Goldman, Jamie Dimon, Cnbc, Wells Fargo, Marcus, Jpmorgan, Reid, Gordon Smith


JPMorgan hands Jamie Dimon a stock award potentially worth millions if he stays CEO for at least 5 more years

Jamie Dimon. Mark Wilson/Getty Images; Samantha Lee/Insider JPMorgan presented Jamie Dimon with a "special award" in a bid to keep him as CEO. The banking boss was handed 1.5 million stock appreciation rights on Tuesday, a filing showed. He would have to stay on for five years as the options are exercisable only from July 2026. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. JPMorgan granted Jamie Dimon a compensatory award on Tuesday, in a move to incentivize one...
Tags: Wall Street, US, Trends, Goldman, Jamie Dimon, Financial Times, Jpmorgan, Dimon, Shalini Nagarajan, Opening Bell JPMorgan, Samantha Lee Insider JPMorgan, Jamie Dimon Mark Wilson Getty, William B Harrison Jr, Forbes Earlier


‘Staggering and depressing’: Covid-19 takes dramatic toll on U.S. life expectancy

By John Tozzi | Bloomberg Life expectancy in the United States dropped the most in more than seven decades last year as Covid-19 sent hundreds of thousands of Americans to early deaths. The pandemic’s disproportionate toll on communities of color also widened existing gaps in life expectancy between White and Black Americans, according to estimates released by the Centers for Disease Control and Prevention. The tally represents an extraordinarily grim accounting of an ongoing catastrophe. The fi...
Tags: Politics, News, California, Cdc, California News, Sport, Soccer, United States, Goldman, Bmj, Centers For Disease Control And Prevention, White, Princeton University, Japan Australia, LA County, Virginia Commonwealth University


Goldman cuts Q3 Brent forecast to $75 a barrel on Delta demand hit | Reuters

Goldman cuts Q3 Brent forecast to $75 a barrel on Delta demand hit | Reuters Goldman Sachs on Tuesday reduced its forecast for Brent crude oil to $75 a barrel for the third quarter, $5 lower than its previous estimate, as a surge in Delta variant COVID-19 cases takes a toll on demand.Oil prices fell $5 a barrel on Monday in response to fears over the hit to demand from rising Delta coronavirus infections and an OPEC+ agreement to boost output. [O/R]“Our oil balances are slightly tighter in 2H2...
Tags: Travel, Opec, Iran, Delta, Brent, Goldman, Reuters, Reuters Goldman Sachs, Rupert Neil Bumfrey


Just a speed bump? Oil has taken a dive, but Goldman is still bullish

The drop was a rude awakening for oil bulls who'd been enjoying the commodities' highest prices in 2½ years.
Tags: Goldman


Stock market sell-off batters energy stocks as Delta variant and falling oil prices worry investors

Shannon Stapleton/Reuters Energy stocks tumbled as the broader market sold off on Monday, with the S&P 500 Energy Index falling 4.5%. Fears surrounding the Delta variant were top of traders' minds, as the virus could threaten further lockdowns. Some observers still see oil rising over the long term as supply struggles to meet demand. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Energy stocks tumbled as the broader market sold off on Monday, with the S&P 50...
Tags: Energy, UK, Texas, Oil, Trends, Markets, ExxonMobil, Bank Of America, Opec, Delta, Ubs, Stocks, Oil Price, Goldman Sachs, Morgan Stanley, Goldman


How F1 got the data crunched for its new race car

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by what the weekday Exchange column digs into, but free, and made for your weekend reading. Want it in your inbox every Saturday? Sign up here.  Friends! Hello and thanks for dropping by. Today we have lots of our usual fare: Funding rounds to digest, some data on the startup market (thank you, DocSend), and the like. But we’re starting with a passion of mine: Racing. The Exchange has made various jo...
Tags: Amazon, TC, Florida, Microsoft, Softbank, Tech, Aws, Mercedes, Goldman, Marcus, Lando, Midwest, Smedley, Rob Smedley, Newsletters, WebEx


Young Wall Street's diversity champions - Inside SVB Leerink's hiring blitz - Goldman and BlackRock pay bumps

Hello readers, Happy Saturday, and welcome to Insider Finance. Here's a rundown of trending stories from the past week:Meet four up-and-comers making Wall Street more inclusive.SVB Leerink is luring top bankers to build a new dealmaking powerhouse.BlackRock is giving staffers 8% pay rises, while Goldman Sachs hinted at a raise for junior bankers. share their stories.If this email was forwarded to you, sign up here to get your daily dose of the stories dominating banking, business, and big d...
Tags: Apple, Trends, Barclays, Credit Suisse, Goldman Sachs, Morgan Stanley, Goldman, Blackrock, Southern Company, Andrew Burton Getty, New US, Leerink, Samantha Lee, Capricorn Investment Group, SVB Leerink, Michelle Abrego


Apple will launch its own 'buy now, pay later' scheme with Goldman Sachs, a report says

Apple CEO Tim Cook (left) and Goldman Sachs CEO David Solomon. James Devaney/Michael Kovac/Getty Images Apple and Goldman Sachs are launching a "buy now, pay later" service, sources told Bloomberg. Apple Pay Later will let you pay for products over several months, sources said. It will be available on any credit card connected to Apple Pay, the sources said. See more stories on Insider's business page. Apple is teaming up with Goldman Sachs to launch its own "buy now, pay later" servic...
Tags: Apple, Trends, Bloomberg, Tim Cook, Goldman Sachs, Goldman, Klarna, Bloomberg Apple, Bloomberg Users, Bloomberg Read, Bloomberg They, Apple Card, Kate Duffy, Bloomberg Insider


Goldman Sachs is transforming under CEO David Solomon

Goldman Sachs CEO David Solomon. Getty Images Goldman Sachs CEO David Solomon is taking big steps to transform the bank. Goldman has been pushing into consumer banking and wealth management. The bank's second-quarter earnings topped analyst expectations. Visit the Business section of Insider for more stories. Goldman Sachs is transforming under CEO David Solomon.The Wall Street bank has taken steps involving transparency and inclusion to change up its culture. After its first-ever in...
Tags: Google, Trends, Goldman Sachs, Getty, Goldman, Instacart, Wealthfront, Wells Fargo, Marcus, Citi, Sachs, SPAC, Solomon, Reuters Goldman Sachs, David Stark, Gregg Lemkau


JPMorgan has big wealth-management growth plans

JPMorgan Chase reported Q2 earnings on July 13. Here's the latest on branch strategy, wealth-management plans, and investment banker pay. Business Insider JPMorgan, headed up by CEO Jamie Dimon, is the biggest US bank by assets. It wants to hire 1,500 private bank advisors. It's also making branches a part of its wealth push. It also just raised first-year investment-bank analysts' base pay to $100,000. Visit Business Insider's homepage for more stories. JPMorgan is the bi...
Tags: Google, Florida, UK, California, US, Trends, Goldman Sachs, Smith, Goldman, Robinhood, Jamie Dimon, Cnbc, Lake, Wells Fargo, Marcus, Jpmorgan


Goldman Sachs 2nd-quarter earnings beat estimates as strong investment-banking revenue offsets trading slowdown

AP Photo/Richard Drew Goldman Sachs reported second-quarter earnings on Tuesday that beat Wall Street's expectations. Investment banking generated its second highest quarterly net revenues on the back of a robust IPO market. Strong investment banking numbers offset a slowdown in the bank's trading business. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Goldman Sachs reported second-quarter earnings on Tuesday that handily exceeded analysts' estima...
Tags: New York, Trends, Goldman Sachs, Morgan Stanley, Goldman, Jpmorgan, Wells, David Solomon, Bank of America Citi, Bloomberg Goldman, Isabelle Lee, Opening Bell Goldman Sachs, AP Photo Richard Drew Goldman Sachs


US stocks drop as inflation data shows prices rose more than expected in June

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 9, 2020. Bryan R Smith US stocks dipped at the open after key inflation data showed prices rose more than expected in June. The Consumer Price Index increased 0.9% in June, far higher than Bloomberg's consensus estimate among economists of 0.5%. Goldman Sachs and JPMorgan kicked off a series of bank earnings this week. Both firms beat expectations. Sign up here for our daily newsletter, 10 Thing...
Tags: New York, US, Trends, Markets, Bloomberg, Inflation, Treasury, Bank, Goldman Sachs, Nasdaq, Goldman, Dow Jones, Dow, S&P 500, Nyse, Jpmorgan


Goldman weighs raising base salaries under pressure from rivals: report

Goldman Sachs is considering whether to raise salaries for junior investment bankers to compete with rivals on Wall Street, as younger staffers have complained of experiencing burnout from long hours worked during the pandemic, when financial markets were exceptionally busy.
Tags: Finance, Article, Goldman Sachs, Goldman, FBN, Fbn/markets, FOXBusiness, Fox-business/jobs, Danielle Wallace, Fox-business/topic/banking, 25443b83-6770-5211-b3c7-724f8ec3c850


We found Jeffrey Epstein's other little black book, which revealed hundreds of new connections to the disgraced financier and convicted sex offender

Hello!Welcome to this weekly roundup of stories from Insider's Business co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.What we're going over today:We found Jeffrey Epstein's little black book from 1997, and discovered new connections to the convicted sex offender. Joe Rogan is sparking outrage inside Spotify with his controversial show.A secret club helps prepare young CEOs to take over the world.America is in the middle of The Great ...
Tags: Amazon, Spotify, Business, New York, Nbc, US, America, Newsletter, Trends, Manhattan, Michigan, Fifth Avenue, Megyn Kelly, Goldman, DCM, Kennedy


How fintech headhunters are turning into investors

Hello readers, Happy Saturday, and welcome to Insider Finance. Here's a rundown of trending stories from the past week:Fintech headhunters are turning into fintech investors.How Goldman Sachs is automating more investment banking work. Centerview co-founder Blair Effron shares his views on RTO.JPMorgan hires Robinhood's former head of content in a wealth-management marketing push.If this email was forwarded to you, sign up here to get your daily dose of the stories dominating banking, bu...
Tags: New York, US, Trends, Ibd, Goldman Sachs, Goldman, Robinhood, Fintech, Circle, Jpmorgan, David Moss, Coatue, Centerview, Philippe Laffont, Meredith Mazzilli, Miruna Stratan


SCOTT GALLOWAY: No industry is more ripe for disruption than banking, and this herd of upstart unicorns is ready to trample the establishment

A herd of unicorns is at the stable door, looking to trample Wells Fargo and Chase, writes Scott Galloway. Artur Widak/NurPhoto via Getty Images Scott Galloway is a bestselling author and professor of marketing at NYU Stern. The following is a recent blog post, republished with permission, that originally ran on his blog, "No Mercy / No Malice." In it, Galloway explains how and why fintechs are taking over banking, investing, and crypto. See more stories on Insider's business page. My ...
Tags: Apple, Google, Mexico, US, Trends, Paypal, Dave, Chase, American Express, Goldman Sachs, Mars, Department Of Justice, Zillow, Goldman, PPP, Intuit


The Artemis Fund focuses on women founders in underserved communities

The Artemis Fund is a Houston-based firm built by three women with the goal of encouraging more women-led startups. The company launched in 2019 and has raised a $15 million initial fund, which closed earlier this year. Diana Murakhovskaya, who launched the firm with Stephanie Campbell and Leslie Goldman, says that the three women met over a mutual interest in investing in startups, one that didn’t just write a check and walk away, but that was really involved in helping these companies grow and...
Tags: TC, Tech, Diversity, Venture Capital, Houston, Goldman, Campbell, Leslie Goldman, Female Founders, Women In Venture Capital, Diana Murakhovskaya, Artemis Fund, Stephanie Campbell, Murakhovskaya, Sixty8 Capital, The Artemis Fund


Guest Post: How Santa Clara Law Graduates Students with a ‘Tech Edge’

Editor’s note: The first cohort just graduated from Santa Clara University School of Law’s innovative Tech Edge J.D. program, which combines legal, business, and technology education with hands-on skills development and individualized mentorship, all while leveraging the school’s Silicon Valley location. In this guest post, Laura Lee Norris, director of the program, and Mark Michels, lecturer in law, describe the program and how it prepares students for careers as tech lawyers in Silicon Valley....
Tags: Google, Facebook, Law, Uncategorized, United States, Silicon Valley, Santa Clara, Goldman, Reed Smith, Southern California, Norris, Santa Clara University, Eric Goldman, Cooley LLP, Patent and Trademark Office, Santa Clara Law


Frustration is mounting among junior bankers at Goldman Sachs

The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. Jeenah Moon/Reuters Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:Goldman has bucked the Wall Street trend of raising comp for juniors, and its analysts are getting frustrated.Speaking of Goldman, the bank has also had a tough time holding...
Tags: New York City, San Francisco, Trends, Getty Images, Credit Suisse, Manhattan, Goldman Sachs, Goldman, Howard, Ares Management, PitchBook, Arnd Wiegmann Reuters, Coral Gables Florida, New York Stock Exchange NYSE, Robinhood Robinhood, Samantha Lee


AMC and GameStop lose momentum as the meme-stock favorites stage multi-day declines

Mairo Cinquetti/NurPhoto/Getty Images Since the start of July, AMC and GameStop have fallen 20% and 11%, respectively, as interest in the stocks has begun to wane. Trading volumes in both companies have fallen, especially for AMC, which last month saw a precipitous run-up amid massive volume. The top post on the Reddit forum WallStreetBets was of a 79% loss on AMC call options, which reflected a loss of more than $10,000 for the poster. See more stories on Insider's business page. Sha...
Tags: Amc, Trends, Markets, Opec, Reddit, Stocks, Stock Market, Goldman, Gamestop, Adam Aron, AMC Entertainment, Retail Investors, Meme stocks, MI Exclusive, Ethan Wu


Trump files suit against Facebook, Twitter and YouTube

By JILL COLVIN and MATT O’BRIEN WASHINGTON (AP) — Former President Donald Trump has filed suit against three of the country’s biggest tech companies, claiming he and other conservatives have been wrongfully censored. Trump announced the action against Facebook, Twitter and Google’s YouTube, along with the companies’ CEOs, at a press conference in New Jersey on Wednesday. He was joined by other plaintiffs in the suits, which were filed in federal court in Miami. “We’re demanding an end to the sha...
Tags: Google, Facebook, Mark Zuckerberg, Twitter, California, Washington, Uncategorized, Sport, Soccer, New Jersey, Miami, Silicon Valley, Donald Trump, Goldman, Trump, Jill Colvin