Stories tagged “Goldman Sachs.”
11 stories
Goldman Sachs Sees Diesel Refining Margins Soaring to $63 a Barrel
Goldman Sachs forecasts a significant surge in diesel refining margins, potentially reaching $63 a barrel, driven by tight supply and robust demand.
Goldman Sachs research indicates that artificial intelligence is beginning to impact labor markets in developed economies, leading to slower job growth in highly exposed industries.
Goldman Sachs has increased its forecast for China's AI model market revenue by 30% to US$13 billion, citing aggressive price cuts, technical advancements, and accelerated corporate adoption.
Big Oil Companies Report Record Profits Amid High Oil Prices
Big Oil companies have reported record profits amid high oil prices, with Exxon and Chevron's $26.5 billion quarter drawing Trump's ire. The surge in oil prices has led to a 35% surge in global EV sales, with Goldman Sachs warning of a diesel crunch as the biggest threat …
Goldman Sachs' equities business is on pace for a record year, driven by a 72% surge in revenue to $7.42 billion in the second quarter. The bank's investment banking revenue also rose 55% to $3.4 billion, including fees from SpaceX's IPO and Alphabet's massive $85 billion…
Goldman Sachs has created a new platform to expand its offerings for wealthy clients and family offices who want direct stakes in private companies. The new group, called the alternative investments platform, combines Goldman's existing alternatives business with two newl…
Goldman Sachs sees Turkey shifting to faster lira depreciation
Goldman Sachs economists expect Turkey to permit a faster depreciation of the lira to focus on stabilizing external balances rather than reducing inflation. The bank projects the lira will decline against the dollar at an annualized rate in the mid-20% range.
Goldman Sachs recommends shorting GBP/USD on rally concerns
Goldman Sachs recommends a tactical short position on GBP/USD with a target of 1.3250 and a stop at 1.3600, citing concerns that sterling's July rally has outpaced fundamental support.
The Illusion of Oil Abundance Is Gone, According to Jeff Currie
OilPrice.com's Alex Kimani reports that Jeff Currie, Goldman Sachs' head of commodities research, believes the illusion of oil abundance is gone. Currie's comments come as oil prices surge due to ongoing conflicts in the Middle East.
Goldman Sachs' Stock Trading Revenue Expected to Exceed $5 Billion in Q2, Setting a New Industry Record
Goldman Sachs' stock trading business is expected to generate over $5 billion in revenue in Q2. The growth is driven by increased activity in Asian markets and strong demand from hedge funds.
Geron Corporation discusses its commercial stage status and key value drivers for the business over the next 12-24 months.