Goldman Sachs predicted that these ten companies would beat the stock market this year. Its list includes Monster, Regeneron Pharmaceuticals, Facebook, Mastercard, and Alphabet. But the uncertainty of the coronavirus has already frustrated some of Goldman’s previous predictions. Goldman Sachs has named ten companies that investors should buy if they want a chance to beat…
Goldman Sachs advises investors to buy stocks as it expects a V-shaped market rally. Many economists don’t think the economy will rebound sharply. The stock market might crash again if economic pain lasts much longer than expected. Despite awful economic data, stocks have recovered in the past month as governments develop plans to ease shutdowns.…
Pan-African e-commerce company Jumia and B2B agtech startup Twiga Foods are partnering to deliver produce in Kenya using adaptive measures during COVID-19. In 2019, Jumia became the first VC funded tech company in Africa to list on a major exchange, the NYSE. Based in Nairobi, Twiga raised a $30 million Series B round in October…
Goldman Sachs described the U.S. economy as “less recession prone” in December, and predicted that it would avoid recession this year. Other forecasters offered similar predictions, but the coronavirus revealed just how empty these predictions were. A global pandemic on the scale of the coronavirus outbreak was predictable, as shown by a UN-commissioned report from…
After losing more than 70% of its value this year, Boeing is now a ‘buy’, according to Goldman Sachs. The giant manufacturer’s survival depends on a government bailout. The grounding of the 737 Max was the initial devastating blow. The COVID-19 pandemic could knock out Boeing. Year-to-date, Boeing (NYSE:BA) is down by more than 70%.…
Goldman Sachs has made a huge change to its GDP forecast. Coronavirus closures have prompted the investment bank to slash its Q2 expectations to -24% before a huge rebound in Q3 and Q4. Could the forecast be linked to ex-Goldman Treasury Secretary Stephen Mnuchin’s efforts to coax Republican lawmakers into signing off on more stimulus?…
Some of the biggest banks in the United States are among the most powerful institutions in the world. But like every incumbent, they still have to hustle to stay relevant. Morgan Stanley has increasingly gotten behind investors who say they want to see more direct listings, for example. Some of those investors wield a lot…
It’s hard to put a positive spin on terrible situation, but that didn’t stop Goldman Sachs CEO David Solomon earlier today. Asked during a session at the World Economic Forum in Davos about WeWork’s yanked IPO in September, Solomon suggested it was proof that the listing process works, despite that the CFO of Goldman —…
One of America’s largest banks has just poured some money to help millions of Indians without a credit score secure loans and make purchases online for the first time in their lives. Bangalore-based ZestMoney announced today it has raised $15 million from Goldman Sachs and existing investors Naspers Fintech, Quona Capital, and Omidyar Network. Lizzie Chapman,…
Male employees at Goldman Sachs can freely grab women’s female identities and pronouns, says the company’s pro-transgender policy. “Proactively share your pronouns to foster an environment of respect and awareness (ex: “Hi, I’m Karen! My pronouns are she/hers. Welcome to the team!”),” Goldman directed its staffers November 22. The company’s “diversity and inclusion” group posted…
