Trends - Goldman Sachs - Business Recorder

Opinion

Goldman Sachs CEO, after missteps, to take center stage at investor day

Goldman Sachs Group Inc’s Chief Executive David Solomon faces a reality check from investors on Tuesday as he...

Updated 25 Feb, 2023 07:04am

Markets

China stocks mark best day in nearly three months

SHANGHAI: China stocks saw their best day since end-November on Monday as risk appetite improved on hopes of the...

Published 21 Feb, 2023 05:58am

Markets

Wall Street drops as investors fret about interest rates

US markets closed today for Presidents’ Day

Published 20 Feb, 2023 06:26am

Markets

Goldman Sachs now expects three more Fed rate hikes in 2023

Goldman Sachs said it now expects the US Federal Reserve to raise interest rates three more times this year, by a...

Published 17 Feb, 2023 02:22pm

BR Research

Oil holds firm ground

Everything the collective West has thrown at Russia, it has been responded with substance. Brent oil had its highest...

Published 14 Feb, 2023 09:32am

Markets

Oil prices rise over 2pc on Russian plan to cut output

NEW YORK: Oil prices rose more than 2 percent on Friday and posted weekly gains of over 8%, as Russia announced ...

Published 13 Feb, 2023 05:57am

Business & Finance

JPMorgan to hire more than 500 small-business bankers over 2 years

MIAMI: JPMorgan Chase & Co, the largest US lender, plans to hire more than 500 bankers catering to small...

Published 13 Feb, 2023 05:57am

Business & Finance

Yahoo to lay off more than 20% of staff

Yahoo said on Thursday it plans to lay off more than 20% of its total workforce as part of a major restructuring of...

Published 10 Feb, 2023 12:26am

Business & Finance

Goldman misses profit estimates as asset management takes hit

BENGALURU: Goldman Sachs Group Inc on Tuesday reported a bigger-than-expected 69% drop in fourth-quarter profit as ...

Published 23 Jan, 2023 05:57am

Markets

Dow falls on Goldman results, Tesla limits S&P 500 losses

NEW YORK: The Dow fell on Tuesday as Goldman Sachs weighed the most on the index after missing quarterly profit...

Published 18 Jan, 2023 06:22am

Business & Finance

Goldman Sachs misses profit estimates on dealmaking slump

Goldman Sachs Group Inc on Tuesday reported a bigger-than-expected 69% drop in fourth-quarter profit due to heavy...

Published 17 Jan, 2023 06:18pm

Business & Finance

Global banks cut jobs as cost pressures mount

LONDON: Global banks are in the process of cutting at least 5,000 jobs as profits at lucrative investment banking...

Published 16 Jan, 2023 06:18am

Business & Finance

Goldman Sachs platform solutions business lost $1.2bn in 9-months

Goldman Sachs Group Inc disclosed a pretax loss for its newly-created platform solutions business of $1.2 billion...

Published 13 Jan, 2023 06:32pm

Markets

US banks get ready for shrinking profits and recession

NEW YORK: US banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile...

Published 10 Jan, 2023 12:01pm

Markets

Goldman Sachs to cut 3,200 jobs: source

NEW YORK: Goldman Sachs plans to cut 3,200 jobs and could announce this as early as this week, a source close to the...

Published 09 Jan, 2023 12:17pm

Business & Finance

US dollar may rise further vs yen despite BOJ move: Goldman

NEW YORK: The Bank of Japan, which widened the trading band for 10-year Japanese government bonds (JGBs) on Tuesday,...

Published 26 Dec, 2022 05:48am

Opinion

Fed’s balance sheet drawdown could sunset next year

The Federal Reserve’s ongoing efforts to shrink its balance sheet may end earlier than once thought, even as the ...

Published 23 Dec, 2022 06:14am

Business & Finance

Investment banks ramp up peak rates forecasts after hawkish ECB

LONDON: A flurry of investment banks raised their forecasts for where euro zone interest rates will peak, after the...

Published 19 Dec, 2022 07:27am

Business & Finance

Goldman to cut thousands of staff as Wall Street layoffs intensify

NEW YORK: Goldman Sachs Group Inc is planning to cut thousands of employees to navigate a difficult economic...

Published 17 Dec, 2022 06:57am

Opinion

Deutsche Bank’s rollercoaster ride towards more stability

In 2019, Deutsche Bank set out on a journey to cut dependence on its volatile investment bank and rely instead on...

Published 17 Dec, 2022 05:58am

Business & Finance

Pakistan projected to be sixth-largest economy by 2075

KARACHI: A research paper published by Goldman Sachs on Tuesday projected Pakistan to be the sixth largest economy ...

Published 08 Dec, 2022 06:47am

Markets

Goldman Sachs on hunt for bargain crypto firms after FTX fiasco

LONDON: Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after the...

Published 06 Dec, 2022 01:05pm

World

India’s growth to slow in 2023 on fading reopening impact: Goldman Sachs

MUMBAI: Goldman Sachs expects India’s economic growth to slow to 5.9% next year, from an estimated 6.9% growth in...

Published 21 Nov, 2022 12:14pm

Business & Finance

Top bankers give mixed views on global risks at summit

HONG KONG: There are growing signs inflation could be brought under control, top bankers said at a summit in Hong...

Published 03 Nov, 2022 05:50am

Markets

Gold dips on firm dollar, but hopes of less aggressive Fed cap decline

Gold prices slipped on Monday, having risen 1.8% in the previous session, as the US dollar firmed, although faint...

Published 24 Oct, 2022 10:05am

Markets

Japan’s yen jumps on suspected BOJ intervention, fails to keep gains

SINGAPORE: The Japanese yen made a thumping 4 yen jump for a second straight session on Monday on suspected early...

Published 24 Oct, 2022 09:44am

Opinion

Goldman Sachs’ consumer pivot solves one question, but makeover raises more

Goldman Sachs Group Inc’s strategy pivot has solved one problem for investors who didn’t love its foray into...

Published 20 Oct, 2022 05:36am

Markets

UK finance minister seeks to stem bond rout by rushing forward tax plan

LONDON: New British finance minister Jeremy Hunt, seeking to stem a dramatic loss of confidence among investors in...

Published 17 Oct, 2022 12:35pm

Business & Finance

Goldman Sachs sees deeper UK recession after tax U-turn

NEW YORK: Goldman Sachs analysts have downgraded Britain’s economic outlook after Prime Minister Liz Truss removed...

Published 17 Oct, 2022 05:57am

Markets

Oil prices jump after US crude, fuel stocks drop, dollar weakens

NEW YORK: Oil prices rose on Wednesday for a second day, rebounding from recent losses as the US dollar eased off...

Published 29 Sep, 2022 05:54am