The Latest Breaking News from Goldman Sachs

 

Some Wall Street banks slashed their profit estimates for Chinese companies, citing the recent Covid resurgence and subsequent lockdowns, Bloomberg reports. China's Covid Zero policy has dealt a heavy blow to the economy, as stringent restrictions pressure supply chains and chill consumption.  A week-long lockdown that shut down much of Shanghai…

 

Stock futures slump on China Covid worries, fed rate bets; Week Ahead: earnings, inflation and GDP in focus; Twitter shares higher on report of takeover talks with Elon Musk; Tesla shares slip as Shanghai extends Covid lockdown, Beijing orders testing and AT&T shares edge higher on Goldman 'buy' rating

Chair Jerome Powell isn’t as pleased with the robust U.S. job market as you might think he’d be, and he and the Federal Reserve plan to do something about it: Take it down a notch

CNBC Ford Unveils Lincoln Star Electric SUV Concept

Goldman Sachs Group Inc (NYSE:GS) reported bank Morgan Stanley (NYSE:MS) to Hong Kong’s financial regulator over a series of block trades, Financial Times reported citing people familiar with the matter.  As part of an “informal” discussion, Goldman alerted the territory’s Securities and Futures Commission three years ago about share price drops in a few Hong…

Stable stocks typically outperform in times of slowing economic growth and tightening financial conditions, Goldman said.

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