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Declines across the energy, consumer discretionary, and industrial sectors will most-significantly weigh on the broad index, Goldman said.
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.
"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 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.
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.
‘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.
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.
The virus initially dragged on the world's tourism and travel industries, harming revenue outlooks for hotel, airline, and cruise companies.
The 19% increase bumps the Goldman Sachs CEO pay to $27.5 million for 2019, up from $23 million for his work in 2018.