Goldman Sachs
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Goldman Sachs Sees 'Upside' to Oil Price Forecasts From OPEC+ Deal
EghtesadOnline: US investment bank Goldman Sachs said the OPEC+ agreement to boost oil supplies supports its view on oil prices and expects a modest “upside” from its summer forecast for Brent…
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Goldman Sachs: OPEC, Allies Will Achieve Their Goal by April
EghtesadOnline: OPEC and its allies will probably achieve their goal of draining oversupply from the oil market and boosting prices by next month, says Jeff Currie, global head of commodities…
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Get Ready for Most Cryptocurrencies to Hit Zero, Goldman Says
EghtesadOnline: The tumble in cryptocurrencies that erased nearly $500 billion of market value over the past month could get a lot worse, according to Goldman Sachs Group Inc.’s global head of…
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Goldman Says Oil to Surpass $80 With Market Likely Balanced
EghtesadOnline: Goldman Sachs Group Inc. hiked its short-term crude oil price forecast by as much as 33 percent, saying the market is now likely balanced.
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Goldman Says Emerging-Market Assets Have Biggest Gap in 15 Years
EghtesadOnline: Developing-economy currencies and corporate bonds are moving in opposite directions, bucking a decade-long trend and raising questions about which is the right economic signal…
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Everyone From Goldman Sachs to HSBC Wants a Piece of Saudi Banking
EghtesadOnline: Saudi Arabia’s ambitious plan to transform its economy away from oil has global banks lining up for a piece of the action.
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Goldman Sees Risk of Oil Below $40 Without OPEC ‘Shock and Awe’
EghtesadOnline: OPEC needs to “shock and awe” the oil market for prices to gain, according to Goldman Sachs Group Inc.
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Goldman Analysis Has Yen Topping Swiss Franc as Safest of Havens
EghtesadOnline: When it comes to havens among currencies, the yen is the safest of them all, according to a correlation analysis by Goldman Sachs Group Inc. economists.
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Wall Street banker Cohn moving Trump toward moderate policies
EghtesadOnline: In a White House marked by infighting, top economic aide Gary Cohn, a Democrat and former Goldman Sachs banker, is muscling aside some of President Donald Trump's hard-right advisers…
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Goldman building robo-adviser to give investment advice to the masses
EghtesadOnline: Goldman Sachs Group Inc, known for advising the world's richest and most powerful, is building a so-called robo-adviser geared to mass affluent customers, according to a job listing…
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Ex-Goldman banker Mnuchin installed as Treasury secretary
EghtesadOnline: President Donald Trump swore in former Goldman Sachs banker and Hollywood financier Steven Mnuchin as Treasury secretary on Monday, putting him to work on tax reform, financial…
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Senators question Goldman Sachs on its role in Trump banking policy
EghtesadOnline: Two U.S. senators are seeking details from Goldman Sachs Group Inc's chief executive on the extent to which the bank's employees were involved in drafting of the recent executive…
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Where to Find the Biggest Market Moves in 2017
EghtesadOnline: Want some volatility? As investors fall back in love with stocks seeing the bigger swings, they should take a look at Biotech and Gold miners, according to Goldman Sachs Group…
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Goldman Sachs to settle U.S. rate-rigging lawsuit for $56.5 million
EghtesadOnline: Goldman Sachs Group Inc has agreed to pay $56.5 million to resolve a U.S. class action lawsuit accusing it and other banks of rigging an interest rate benchmark used in the $553…
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Goldman’s Cohn to Head Trump’s National Economic Council
EghtesadOnline: Goldman Sachs Group Inc.’s Gary Cohn, once the heir apparent to Chief Executive Officer Lloyd Blankfein, was named President-elect Donald Trump’s top chief economic policy adviser.
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Goldman Says Saudis Wrong to Rule Out U.S. Shale Oil Rebound
EghtesadOnline: Saudi Arabia is wrong to think that U.S. shale production won’t respond to higher oil prices in 2017, according to Goldman Sachs Group Inc.
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Team Trump’s Wealth Tops $12 Billion as Cohn to Be Tapped
EghtesadOnline: Donald Trump’s administration, already seen as the wealthiest in modern history, is about to get even richer when Goldman Sachs Group Inc.’s Gary Cohn is named the president-elect’s…
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Goldman's Cohn eyed for top Trump budget post: transition official
EghtesadOnline: President-elect Donald Trump is considering Goldman Sachs President and Chief Operating Officer Gary Cohn to head the White House budget office or to fill other positions, a Trump…
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Goldman shares hit highest level since financial crisis in post-election rally
EghtesadOnline: Shares of Goldman Sachs Group Inc on Wednesday climbed to their highest levels since the financial crisis, as the bank benefited from a post-U.S. presidential election rally.
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Mnuchin Said to Be Top Treasury Pick Among Trump’s Advisers
EghtesadOnline: Former Goldman Sachs Group Inc. partner Steven Mnuchin has been recommended by Donald Trump’s transition team to serve as Treasury secretary, according to two people familiar…
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Tax reform to help drive better financial performance.
Goldman and 'Gandalf' Are Bullish on U.S. Stocks Under Trump
EghtesadOnline: Who thinks President-Elect Trump will be good for U.S. stocks? Goldman Sachs Group Inc. and the JPMorgan Chase & Co. strategist known as 'Gandalf,' to name one high-profile pair.
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Oil's Heading to $40 If OPEC Fails, Says Goldman
EghtesadOnline: An OPEC deal to cut oil output at a meeting this month is looking increasingly unlikely, with failure warranting prices in the low-$40s, according to Goldman Sachs Group Inc.
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Goldman Sachs' Latam investment bank chief to leave - source
EghtesadOnline: Martin Werner, co-head of Goldman Sachs' investment banking business in Latin America, will depart the Wall Street bank at the end of this year, according to a person familiar…
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Goldman Sachs Said to Plan 25% Cut to Asia Investment Bank Jobs
EghtesadOnline: Goldman Sachs Group Inc. plans to cut about a quarter of its investment-banking jobs in Asia, excluding Japan, because of a slump in deal-making in the region, according to a…
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We've been here before.
Goldman Sachs Isn't That Worried About Technology Destroying Your Job
EghtesadOnline: Don't fear the robots. While new technologies are giving rise to a "jobs gap" – or a mismatch between the jobs people want and the ones that are available – they're also affording…
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Goldman team uses retail deposits for Wall Street-style profits
EghtesadOnline: As Goldman Sachs Group Inc has built its U.S. consumer bank, it has established a team to put its deposits to work on Wall Street, a telling development about Goldman's ambitions…
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Goldman Sachs Said to Have Lost $1.8 Billion U.S. Property Deal
EghtesadOnline: Goldman Sachs Group Inc. was the original winner of Alecta’s U.S. real estate sale before the transaction fell apart amid a disagreement over terms, leading Blackstone Group LP…
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Goldman Sees Possible OPEC Output Freeze as Self-Defeating
EghtesadOnline: OPEC and some producers from outside the group may agree to freeze output during informal talks next month, which could prove “self-defeating” because it would benefit other suppliers,…
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Oil prices fall as analysts say market still oversupplied
EghtesadOnline: Oil prices fell over 1 percent on Tuesday, with Goldman Sachs warning that August's price rally had been overdone and that a proposed oil production freeze at current near-record…
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Goldman, South Korea fund to buy majority stake in cookware firm Happycall
EghtesadOnline: Goldman Sachs Group Inc and South Korean private equity firm EastBridge Partners said on Sunday they have agreed to acquire a majority stake in cookware and kitchen appliances…