There is no real consensus between the world's biggest companies on whether the future of work should be remote, hybrid or fully office-based
Clients are eager to trade as they find the current price level as a "slightly more palatable entry point," said Goldman's head of digital assets.
Tailwinds for commodities include coronavirus restrictions easing worldwide, on top of lower interest rates and a weaker dollar.
Hello, readers! Happy Saturday, and welcome to Insider Finance. Here’s a rundown of the must-know stories from the past week: SPAC investors like Citadel and Millennium are sitting pretty thanks to Lucid Motors euphoria Star Morgan Stanley trader Shawn Joshi is leaving, plus other Wall Street people moves this week […]
Top finance stories of the week: Goldman org chart; Ark Invest; CCIV; Pimco lawsuit; Wall Street people moves roundup; Marcus robo-advisor.
Lloyd Blankfein, ex-chair and CEO of Goldman Sachs, said Wall Street had “put a clothespin on our nose” when it came to Donald Trump’s presidency. “He was delivering what ‘we’ wanted … we weren’t ignorant of the kind of risks we were taking. We repressed them,” Blankfein told The New […]
What a year. That’s probably the best way to sum up 2020, which was an absolute whirlwind. And while most of us will be happy to close the book on what has been a difficult and trying year, we’d like to take a look back at some of our top […]
The long-awaited Airbnb S-1 finally dropped last night. Here’s a roundup of what you need to know: Airbnb said in its IPO filing that its search results have been hurt by Google launching its own travel-comparison tools Airbnb’s three founders have put two unusual twists on their efforts to retain […]
US coronavirus cases and hospitalizations continued to climb over the weekend. Meanwhile, DoorDash released its paperwork to go public on Friday, and Airbnb’s S-1 is expected to drop this week. If you’re not yet a newsletter subscriber, you can sign up here to get your daily dose of the stories […]
Hong Kong’s financial regulator slapped Goldman Sachs with a $US350 million fine on Thursday for its involvement in the 1MDB scandal. The bank’s “serious lapses” and deficiencies in management contributed to the misappropriation of $US2.6 billion from the 1Malaysia Development Berhad fund, the Securities and Futures Commission said in a […]
Over the past 30 years, the wealthiest 1% of Americans bought $US1.5 trillion in stock, while the bottom 99% were net sellers of $US800 billion in stock over that same time period, Goldman Sachs said in a note on Thursday. In 2021, that trend is likely set to continue as […]
Calling it the “ultimate self-help, vaccine-leverage story in industrials,” Goldman Sachs said Friday that General Electric could surge if a COVID-19 vaccine is released. Goldman reinstated General Electric at a “buy” rating and set a $US10 price target on the stock, representing upside potential of 50% from Thursday’s close. Goldman […]
Visit Business Insider’s homepage for more stories. China’s economy will erase all its 2020 losses next year and still record positive growth for this year, ex-Goldman Sachs economist Jim O’Neill told CNBC. He said: “China is well on the way to recovery. It is the country that really matters globally […]
Goldman Sachs on Friday lifted its 2020 S&P 500 earnings-per-share estimate following better-than-expected second-quarter results, analysts led by David Kostin wrote in a note. Now, Goldman expects 2020 S&P 500 EPS of $US130, from $US115. That’s about 21% lower than 2019. Goldman also thinks S&P 500 earnings will surge to […]
“Accelerating e-commerce growth” will propel Amazon to new all-time highs, according to Goldman Sachs. Goldman and Jefferies both assigned a Street-high price target on Amazon of $US3,800 on Monday, representing upside potential of 28% from Friday’s close. The upgrade comes as consumers have heavily relied on e-commerce shopping amid the […]
Welcome to Wall Street Insider, where we take you behind the scenes of the finance team’s biggest scoops and deep dives from the past week. If you aren’t yet a subscriber to Wall Street Insider, you can sign up here. With a travel-industry slump looking like it could stretch on […]
Goldman Sachs gave five reasons why it thinks bitcoin is “not an asset class” nor “a suitable investment” in a presentation Wednesday morning. Goldman observed that the cryptocurrency infrastructure is still young and susceptible to hacking or inadvertent loss, and that it is primarily used as a conduit for illicit […]
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