State-of-the-Art Refineries and Margins: What to Expect
Contrary to recent headlines, the increase in production from new global refineries is not expected to impact margins for key products this year. This analysis comes from Goldman Sachs, which…
Goldman Sachs Raises S&P 500 Forecast Amid Stock Market Surge
Goldman Sachs strategists have revised their forecast for the S&P 500 upward, projecting it to reach 5100, up from the previous estimate of 4700. This adjustment comes in light of…
Apple Inc. Attracts Over $10 Billion in Deposits for Savings Account
Apple Inc. has achieved a significant milestone by amassing more than $10 billion in deposits for its savings account in just a few months since its launch in collaboration with…
Goldman Assigns Coinbase a Sell Rating With a Price Target of $45
(Blockworks) Banking giant Goldman Sachs has rated Coinbase stock a “sell” with a price target of $45, from the previous $70. Led by analyst Will Nance, Goldman says that the…
Goldman and Barclays Join Funding for Crypto Firm Elwood
(Cointelegraph) Banking giants Goldman Sachs and Barclays are ramping up their crypto investments after participating in a $70 million Series A Funding for Elwood Technologies. The funding round values the…
Goldman Delves Further into Crypto with a Bitcoin-Backed Loan
(Bloomberg) Banking giant Goldman Sachs is pushing further into cryptocurrencies, with its first lending facility backed by Bitcoin owned by the borrower. Goldman said it was excited by the structure…
Robinhood Stock Falls 4% as Goldman Assigns a “Sell” Rating
(Robinhood) Shares of Robinhood slipped more than 4% on Friday in premarket after Goldman Sachs analyst William Nance gave a sell rating from neutral. Nance cited the softening retail engagement…
Goldman Leads Wall Street Bank Crypto Derivatives With First Trade
(Galaxy Digital Holdings) US banking giant Goldman Sachs has completed its first over-the-counter crypto-related trade onboard Galaxy Digital. The US bank traded a bitcoin-lined instrument referred to as a non-deliverable…
Goldman Cuts S&P Target to $4,700, Recommends Energy and Healthcare Stocks
(Markets Insider) Banking giant Goldman Sachs has downgraded S&P 500 target again to 4,700 from the previous 4,900, following a deteriorating outlook on Wall Street. Goldman attributes the lower target…
Goldman Cuts US Growth Forecast, Sees Up to 35% Chance of Recession Next Year
(Bloomberg) Goldman Sachs economists expect the US to grow by 1.75% this year on a fourth quarter-to-fourth quarter basis, from previous 2.0%. The lowered growth forecasts reflect the hit caused…
Goldman Project Rate Hikes by Fed to Dampen Stocks, Cuts S&P to 4,900 by Year-End
(Markets Insider) Goldman Sachs strategists have trimmed the S&P 500 target to 4,900 by the end of the year, down from the previous forecast of 5,100. The downward revision follows…
Goldman Sachs Tanks 4% as Q4 2021 Profits Fall 13%, Missing Estimates
(Goldman Sachs) Shares of Goldman Sachs fell more than 4% on Tuesday as the company reported a fourth-quarter profit of $3.94 billion or $10.81 a share, down 13% from last…