Blurred buses pass the Bank of England in the City of London on 7th February 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The Bank of England is likely to hold interest rates higher for longer before slashing them more sharply than expected in the second half of the year, … Read more
The increase in wealth has been seen from stronger retail participation, larger investments into the Indian stock markets, and gold and property purchases. Sopa Images | Lightrocket | Getty Images Rising disposable incomes are set to power India’s consumption story, further boosting the country’s consumer sector that is fast becoming a key driver for economic … Read more
Goldman Sachs on Tuesday posted fourth-quarter results that topped analysts’ expectations on better-than-expected asset and wealth management revenue. Here’s what the company reported versus what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, expected: Earnings: $5.48 per share; it wasn’t immediately clear if that was comparable to the $3.51 estimate of analysts surveyed … Read more
A screen displays the Dow Jones Industrial Average after the closing bell on the floor at the New York Stock Exchange on Dec. 13, 2023. Brendan Mcdermid | Reuters The global economy is moving into a new “super cycle,” with artificial intelligence and decarbonization being driving factors, according to Peter Oppenheimer, the head of macro … Read more
Busà Photography/Getty Images This year in artificial intelligence will be dominated by “hybrid” AI, and by the rise of applications running on top of large language models, according to a year-outlook interview disseminated by investment bank Goldman Sachs featuring its chief investment officer, Marco Argenti. Also: Have 10 hours? IBM will train you in AI … Read more
ZestMoney, a buy now pay later startup whose ability to underwrite small ticket loans to first-time internet customers attracted many high-profile investors including Goldman Sachs, is shutting down following unsuccessful efforts to find a buyer. The Bengaluru-headquartered startup — which also identified PayU, Quona, Zip, Omidyar Network and Ribbit Capital among its backers — employed about … Read more
Pedestrians walk across a road in Seoul on June 20, 2023. Anthony Wallace | Afp | Getty Images South Korean stocks have so far emerged as an undervalued and underloved part of Asia-Pacific equity markets but that is exactly what could make them attractive to investors next year, according to Goldman Sachs. Goldman even argued … Read more
David Solomon, Chairman and CEO, Goldman Sachs, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 29, 2019 in Beverly Hills, California. Michael Kovac | Getty Images Entertainment | Getty Images Apple has given Goldman Sachs a proposal to end its credit-card and savings account … Read more
Patrick Cantlay of the United States plays his shot from the 18th tee during the final round of the Workday Charity Open on July 12, 2020 at Muirfield Village Golf Club in Dublin, Ohio. Sam Greenwood | Getty Images Goldman Sachs paid professional golfer Patrick Cantlay more than $1 million annually in a sponsorship deal … Read more
Add to your saved storiesSave Merle Goldman, a prominent scholar of Chinese affairs who specialized in the work of writers and dissidents confronting the powerful central state, positing that China’s rise as a global economic force could eventually pry open Beijing’s tight lid on opposition, died Nov. 16 at her home in Cambridge, Mass. She … Read more