Newsbreak 1 day ago in 3m, Affirm, Alphabet, Amazon, Andy Jassy, Around The World, Arvind Krishna, bdg, Bob Iger, brian armstrong, Business Visual Features, Capital One, Coinbase, Compass, Daniel Ek, Dell, Disney, DocuSign, Dow, Dow Inc, Features, FedEx, Finance, GoDaddy, Goldman Sachs, Google, IBM, Intel, Layoffs, Mark Zuckerberg, Meta, Microsoft, News, PayPal, Retail, Rivian, Salesforce, SAP, Satya Nadella, Splunk, Spotify, Stitch Fix, Tech Insider, Vimeo, Visual Features, Wayfair, WeWork, Yahoo, Zoom 0 Category: Goldman Sachs
Amazon is slashing 9,000 more workers amid a layoff wave that has expanded past tech to include bellwethers like Dow...
Newsbreak 1 day ago in 3m, Affirm, Alphabet, Amazon, Andy Jassy, Around The World, Arvind Krishna, bdg, Bob Iger, brian armstrong, Business Visual Features, Capital One, Coinbase, Compass, Daniel Ek, Dell, Disney, DocuSign, Dow, Dow Inc, Features, FedEx, Finance, GoDaddy, Goldman Sachs, Google, IBM, Intel, Layoffs, Mark Zuckerberg, Meta, Microsoft, News, PayPal, Retail, Rivian, Salesforce, SAP, Satya Nadella, Splunk, Spotify, Stitch Fix, Tech Insider, Vimeo, Visual Features, Wayfair, WeWork, Yahoo, Zoom 0 In a memo sent to employees on Monday, Amazon’s CEO Andy Jassy said the company would be eliminating 9,000 positions from its ranks. Mike Blake/Reuters Amazon, Meta, and Twitter employees are the latest to be hit by a wave of layoffs. Over the past few months, layoffs have expanded outside of tech, media, and finance as Dow and 3M announced cuts. See the full list…
Softbank-owned chip designer Arm is looking to raise $8 billion in a US IPO, report says
Newsbreak 2 weeks ago in AI, ARM, Around The World, Artificial Intelligence, Chip design, Goldman Sachs, IPO, Markets, MI Exclusive, nVidia, Softbank, stock offerings, US Stock Market, Valuation 0 An ARM and SoftBank Group branded board is displayed at a news conference in London Thomson Reuters Softbank-owned Arm is seeking to raise at least $8 billion when it lists on the US stock market, Reuters reported on Sunday. The British chip designer is targeting a $30 billion-$70 billion valuation, per Bloomberg. Softbank tried selling Arm to chip designer Nvidia for $40 billion last year….
These 6 CEOs are taking pay cuts to prevent more layoffs and fight tough times as industrywide reductions persist
Newsbreak 1 month ago in Alphabet, Apple, Around The World, Business Visual Features, Careers, Features, Goldman Sachs, Google, Intel, JP Morgan, Microsoft, Morgan Stanley, News, pay cuts, Sundar Pichai, Tim Cook, weekend BI US 0 Apple CEO Tim Cook. Axelle/Bauer-Griffin/FilmMagic Chief executives are more and more opting to take pay cuts off their multi-million annual compensation. The reductions come amid financial hardship throughout industries, main to mass layoffs. Here are 6 CEOs who’ve decreased their salaries, from Tim Cook to David Solomon. Apple CEO Tim Cook Cook at Code in 2022. Jerod Harris/Getty Images for Vox Media Apple CEO Tim…
The massive wave of layoffs is giving tech workers a brutal wake-up call about the reality of work
Newsbreak 2 months ago in Alphabet, Around The World, Careers, Discourse, Economy, Facebook, Finance, Future of Work, Goldman Sachs, Google, Insider Illustration, Job Market, Layoffs, Markets, Meta, Morgan Stanley, Rachel Mendelson, Salesforce, Strategy, Tech Insider, Tech layoffs, Wall Street 0 Layoffs are forcing tech workers to confront a harsh fact: the office is not the same factor as a household. iStock; Rachel Mendelson/Insider Dehumanizing. Gut-wrenching. Slap in the face. Betrayed. Tech workers are utilizing all kinds of emotional phrases to explain the layoff wave that has gripped the trade and turn into the speak of the enterprise world. “I’m shocked and hurt and still processing,”…
The US economy can stick a soft touchdown, but these 4 steps need to occur, says Goldman Sachs
Newsbreak 4 months ago in Around The World, Goldman Sachs, Inflation, Investing, Markets, MI Exclusive, Outlook, Recessions, Stocks, Trading 0 Mateusz Slodkowski/SOPA Images/LightRocket through Getty Images The US economy has a “feasible if challenging path to a soft landing” subsequent yr, Goldman Sachs mentioned. “The initial steps along this path have been successful, but there is much further to go in 2023.” Unlike the present consensus, analysts on the financial institution do not count on a recession. The US can keep away from a recession…
The market is still a long way from seeing stocks hit a bottom and interest rates come down, Goldman Sachs...
Goldman Sachs’ Chief Equity Strategist Peter Oppenheimer Screenshot/YouTube The inventory market is still a long way from hitting a bottom, Goldman Sachs’ Peter Oppenheimer warned. Meanwhile, markets are equally far off from seeing interest rates come down. “We don’t think we’ve hit yet the sort of conditions that we would typically see in a genuine trough in the bear market.” The market is still a…
Midterms could be a ‘recreation changer’ for stocks – and experts see big upside for the S&P 500 this election...
Newsbreak 4 months ago in 10 things, 10 things opening bell, Around The World, Economy, FundStrat, Goldman Sachs, Markets, Midterms, Morgan Stanley, Newsletter, Stock Market Outlook 0 Good morning, readers. Senior reporter Phil Rosen right here, writing to you from Manhattan. It’s election day in the US, and numerous polls sign that cash is high of thoughts for voters. Americans for months now appear to only care about the economy. Inflation’s at a multi-decade excessive, housing prices are painful to have a look at, and costs at the pump stay stubbornly elevated. …
Goldman Sachs lays out 3 reasons why the Fed won’t pivot, but will keep hiking into 2023
The Federal Reserve will publish its newest rate of interest resolution Thursday. Alex Wong/Getty Images The Federal Reserve will keep on hiking rates of interest after its February assembly, Goldman Sachs mentioned. The US central financial institution is predicted to hike by 75 foundation factors Thursday because it battles hovering costs. It will keep elevating charges due to sticky inflation and to organize for a…
Tightening oil supply will drive crude oil prices to $115 a barrel by April, Goldman Sachs strategist says
Newsbreak 5 months ago in Around The World, Commodities, Goldman Sachs, Jeff Currie, Markets, MI Exclusive, Oil, Oil price, oil price outlook, OPEC, OPEC Deal, opec production, opec production cut 0 Felix Cesare/Getty Images Oil benchmarks might cross $115 a barrel by the top of the primary quarter of 2023, in accordance to Goldman Sachs’ Jeff Currie. Tightening supply will drive crude prices greater, the financial institution’s head of commodities analysis stated. Currie added that OPEC+ members have given themselves “optionality” to elevate oil manufacturing if demand climbs. Crude oil prices might leap to $115 a…
Americans should brace for a cash crunch and a painful recession, experts say. Here’s what Jamie Dimon, David Solomon, and...
JPMorgan CEO Jamie Dimon. Mario Tama/Getty Jamie Dimon, David Solomon, and Ray Dalio warned of a cash crunch this week. Dimon and Solomon flagged the danger of a US recession and a droop in client spending. Dalio underlined how rising rates of interest may squeeze cash-strapped, debt-ridden governments. Jamie Dimon, David Solomon, and Ray Dalio have sounded the alarm on a cash crunch, a looming…
Here’s why Goldman Sachs is warning about a stock market crash and recession.
Newsbreak 5 months ago in 10 things, 10 things opening bell, Around The World, Banking, David Solomon, Finance, GDP, Goldman Sachs, Inflation, Markets, Newsletter, Recession, Stock Market Outlook 0 Welcome back market watchers, Phil Rosen here. Dust off your dictionaries because today’s GDP release might reignite the recession debate that’s proved as semantic as it is economic. The year kicked off with back-to-back negative GDP readings, but the headline today should look more upbeat, with growth of 2.4% expected. But no matter what politicians may tell you (midterms are less than two weeks away),…
Goldman CEO David Solomon warns a US recession is very likely – and says the Fed could hike rates above...
Newsbreak 5 months ago in Around The World, David Solomon, Federal Reserve, Goldman Sachs, Inflation, Interest Rates, Markets, MI Exclusive, Monetary Policy, Rate Hikes, Recession, Stocks, US economy 0 Goldman Sachs CEO David Solomon. REUTERS/Danny Moloshok Goldman Sachs CEO David Solomon said the US economy is likely to tumble into a recession. He warned Tuesday the Federal Reserve could hike rates above 4.5% if the inflation threat persists. The first big shift in monetary policy for four decades was bound to be disruptive, Solomon said. The US economy will probably suffer a prolonged downturn,…
Don’t count on stocks having bottomed out yet – they could fall another 25% if further Fed tightening fuels a...
Goldman Sachs strategists laid out a scenario where the S&P 500 plummets by another 25% next year. Spencer Platt/Getty Images Stocks have failed to price in the worst-case economic downturn next year, Goldman Sachs said. Aggressive Federal Reserve tightening in 2023 would make a recession more likely, according to the bank. The S&P 500 could fall another 25% from here, strategists said. Stocks haven’t bottomed…
Rishi Sunak, the new UK prime minister, is yet another Goldman Sachs alumnus
Newsbreak 5 months ago in Around The World, Finance, Goldman Sachs, Liz Truss, News, Politics, Prime Minister, Rishi Sunak, UK Politics 0 Dan Kitwood/Getty Images Rishi Sunak, the new UK prime minister, once worked as a junior analyst at Goldman Sachs in London. He spent around three years at the bank, covering US stocks including railways and media, the FT reported. Sunak also worked at one hedge fund and cofounded another before getting into politics. Rishi Sunak, the UK’s new prime minister, was once an analyst at…
Warehouses and employers like Amazon bring new jobs and higher wages for some blue-collar workers, but they can be hard...
Newsbreak 5 months ago in Amazon, Around The World, Goldman Sachs, insider weekly, Netflix, Newsletter, Scams, side hustles, Transportation, warehouse, Warehouse Nation 0 Hi, I’m Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Weekly, a roundup of some of our top stories. On the agenda today: After smashing earnings expectations, As the US emerged from the Great Recession, cheap real estate and the rise of e-commerce collided to create a warehousing boom, deputy editor Jake Swearingen writes. Since 2011, over 2.3 billion square…