Tag: Goldman Sachs

February 29, 2024 BY PureContent

S&P 500 could reach 6,000 points sooner than expected

The S&P 500 gained its last 1,000 points steadily over a couple of years. It finally broke the 5,000 barrier earlier this month after a streak of winning weeks among signs of inflation easing and a few excellent earnings reports by major companies. This has led to speculation about how long it may be until…

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Goldman Sachs office
February 19, 2024 BY Simon Mugo

S&P 500 Full-Year Outlook Raised to 5,200 at Goldman Sachs

It was influenced by diminishing inflation and the anticipation of the Federal Reserve reducing interest rates within the year. On a recent Friday, Goldman Sachs predicted an 8% rise in profits for S&P 500 firms, driven by a more optimistic outlook for the U.S. economy and enhanced profit margins among the largest corporations. David Kostin,…

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January 23, 2024 BY Elizabeth Anderson

Archer-Daniels shares plummet as company puts its CFO on administrative leave

The organisation’s shares plummeted 24% after news hit the airwaves that CFO, Vikram Luthar, was placed on administrative leave as the firm investigates alleged accounting malpractices in its Nutrition division. Reportedly, after a US Securities and Exchange Commission (SEC) voluntary document request, ADM sliced its 2023 profit predictions and announced the delay of the publication…

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September 14, 2023 BY Elizabeth Anderson

Spotlight on Goldman Sachs: Tech firm advisor takes IPO leap

Others under the Goldman Sachs wing include the delivery service, Instacart, and the marketing automation platform, Klaviyo. Expected to go public sometime next week, these companies are part of the revival of tech IPOs after movements in the sector were quiet for some time.  These IPOs test more than just investor willingness to risk their…

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Goldman Sachs
April 11, 2023 BY Steffy Bogdanova

CFTC slaps a $15 million fine on Goldman Sachs

According to CFTC’s filling, Goldman made transactions of dozens of “same-day” equity index swaps with US-based clients in 2015 and 2016. The "same-day" equity index swap involves striking the equity leg on the day that the other key terms of the swap are agreed upon, instead of the following day, which is the usual practice.…

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Goldman Sachs
March 10, 2022 BY Steffy Bogdanova

Goldman Sachs exits Russia

In its annual filing, the Goldman Sachs reports total credit exposure to Russia was $650 million. Most of it is tied to non-sovereign counterparties or borrowers. The firm is still trading corporate debt tied to the Russia without itself making wagers on price movements. New York-based Goldman Sachs stated: In our role as market-maker standing…

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Forex Weekly Look Back
July 16, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: X Open Hub’s Sylwester Jezierski discusses changes in the industry, FP Markets adds more than 500 share CFDs

With the emerging new requirements in the investment ecosystems, it is important for brokerages to keep up with the digital age. Software company Devexperts in cooperation with Turkish broker Global Securities released a number of updates for the BayGlobal trading platform. Users on BayGlobal can now listen to live broadcasts of Global’s financial analysts. Every…

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