Goldman Sachs has lowered its stock market estimates for 2016, as oil prices have still not shown any signs of recovery from their long-running slump. The continuing poor performance of oil and other commodities is […]
Tag: Goldman Sachs
Goldman Sachs Says College May Not Be Worth It
According to Goldman Sachs, a college degree might not be all it’s cracked up to be. In fact, attending a university that ranks in the bottom 25% of all universities nationwide can result in earnings […]
Goldman Sachs Cautions Brazil Depression After GDP Tanks Again
The economic downturn in Brazil is worse than expected, as rising unemployment and high levels of inflation have absolutely destroyed domestic demand in the country. Goldman Sachs has called the situation “an outright depression”. The […]
Goldman Sachs Is Completely Dominating The Global Economy
Perhaps it’s a mere coincidence, but in 2017, four out of five regional Federal Reserve Bank presidents with voting power will be led by former top executives for Goldman Sachs. The entire financial system of […]
JP Morgan and Morgan Stanley Pay The Most In Billion Dollar Credit Default Swap Settlement
In a lawsuit brought on by investors in the United States District Court for the Southern District of New York, a settlement has been reached in which JPMorgan Chase & Co, Morgan Stanley and Barclays […]
Goldman Sachs Will Use Twitter To Release Earnings Instead Of Business Wire
Goldman Sachs plans to announce its quarterly earnings on Twitter. This is a major change for the investment bank which has traditionally used independent business wires for such press releases. These independent business wires have […]
After Years Of Huge Growth Australian House Prices Poised For Correction
There isn’t much good news on the horizon if you are an aspiring homeowner in Australia. Analysts warn that the already massive bubble in the nation’s real estate will likely get even larger, as government […]
Goldman Sachs Almost Invested Into Rapidly Declining Glencore
Goldman Sachs nearly invested heavily into now-tanking company Glencore, but they didn’t because of potential regulatory limits. The investment firm was ready to put millions of dollars into the commodity trading and mining company, but […]
Goldman Calls For $20 A Barrel Oil Due To Weak Demand And Global Oversupply
Due to the consistent decline in oil prices week after week, Wall Street heavyweight Goldman Sachs has had to modify its price forecasts for the commodity as it does not appear that price support is […]
China’s Shadowy Trademark System Means Knock Offs Of Everything, Even Big Banks
China is well known for pirating everything from Rolex watches to the latest Hollywood (or even Bollywood) blockbuster, and now it has added giant financial institutions to that list. Just across from the Hong Kong […]
Alibaba Hires Ex-Goldman Banker To Wage Global War On Amazon
Chinese ecommerce giant Alibaba has hired ex-Goldman Sachs vice-chairman Michael Evans as its new president, charging him with leading its global strategy. Evans is a board member of the company and has known Alibaba founder […]