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Wall Street stands empty as people stay away from the area due to the coronavirus on March 24, 2020 in New York City.

Goldman Sachs: The stock market’s biggest driver will plunge 123% in a brutal 2nd quarter

Declines across the energy, consumer discretionary, and industrial sectors will most-significantly weigh on the broad index, Goldman said.
Citi's North American markets division started to test-drive WFH capabilities for traders the first week of March, sources familiar with the preparations told Business Insider.

From Bloomberg terminals to Zoom, traders at Wall Street’s biggest firms are building massive work-from-home setups to get an edge. We spoke to ...

Banks like Citi, Goldman, and JPMorgan have moved traders to remote work. Sources say technical challenges include replicating turret phones at home.

The Fed is powerless to stop the market’s riskiest debt from getting downgraded and defaulting, Goldman says

The bank's baseline scenario sees the 12-month trailing default rate jumping to 13% through 2020 and $555 billion in bonds downgraded to junk status.
The Reflecting Pool which has been drained for maintenance is seen in front of the Washington Monument in Washington, DC on March 26, 2020.

Goldman Sachs slashes forecasts for next quarter, now sees 34% GDP contraction and 15% unemployment

"Sky-high jobless claims numbers" and the $2 trillion stimulus bill contributed to Goldman's forecast of "a deeper trough" and "a bigger rebound."
Goldman Sachs CEO David Solomon.

Goldman Sachs is going through a huge transformation under CEO David Solomon. Here’s everything you need to know.

The bank has big consumer ambitions and is transforming its image. Meanwhile, a slew of partners have exited. Here's the latest Goldman news.
New York Stock Exchange building is seen at the Financial District in New York, United States on March 22, 2020. The "New York State on PAUSE" that executive order is in effect at 8 p.m. Sunday night, March 22nd.

Goldman Sachs: 4 key differences make the coronavirus-fueled bear market more worrisome than past slumps

Though rate cuts were helpful in past bear markets, historically low rates and widespread quarantines stifle their effectiveness today, Goldman said.
Gold bars and coins are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, August 14, 2019.

‘The currency of last resort’: Goldman says it’s time to buy gold as fear spreads across global markets

"We are at a point where 'Fear'-driven purchases will begin to dominate liquidity-driven selling pressure as it did in November 2008," Currie wrote.
Traders work inside the Goldman Sachs booth on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 21, 2018.

Goldman Sachs warns the single biggest driver of stock gains will shrink 33% this year

The bank's "key question now" is whether S&P 500 profitability can rebound in a V-, U-, or L-shaped trend as the coronavirus risk grows.

These 4 stunning charts show just how quickly the coronavirus outbreak decimated key US industries

The virus initially dragged on the world's tourism and travel industries, harming revenue outlooks for hotel, airline, and cruise companies.

Goldman Sachs CEO gets 19% raise, bumping his pay to $27.5 million

The 19% increase bumps the Goldman Sachs CEO pay to $27.5 million for 2019, up from $23 million for his work in 2018.