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Tags : "Goldman Sachs"

Yes, you do need a little bit of luck for

NEW DELHI: Morgan Housel says making money on investments is not a complicated thing, but it isn’t easy either. “Not everyone can or will master the emotional side of investing. To achieve extreme success, one needs a bit of luck,” he told ETNow in an interview. Housel, partner at venture capital firm The Collaborative Fund, […]Read More

Goldman Sachs has money. It has power. And now it

By Josh Wagner and Joel Stein There are so few ways to express yourself when you’re Goldman Sachs. Sure, you can commission a 10-part documentary series about your company’s history, and your chief executive can moonlight as a DJ in the Hamptons. But how do you let the masses know what it’s like to really […]Read More

Goldman lowers US GDP forecast, sees 4.6% contraction in 2020

Goldman Sachs Group Inc. economists revised down their estimates for the US economy this quarter, but predicted it will be back on track in September after some states imposed fresh restrictions to combat the coronavirus. While consumer spending appears likely to stall this month and next, economists led by Jan Hatzius said other economies have […]Read More

Goldman says ‘too much, too fast’ commodity rally unsustainable

The rally across commodities has gotten ahead of fundamentals with the exception of metals, Goldman Sachs said in a note dated Tuesday, adding that it was hesitant to recommend a long position this early in the cycle. The Wall Street bank sees downside risks in agricultural and energy markets, citing the recent strength as surprising […]Read More

View: No, India doesn’t need a bigger stimulus

By Mihir Sharma When Prime Minister Narendra Modi recently announced a stimulus package for India, he said it was worth Rs. 20 trillion — $265 billion, equivalent to about 10% of the country’s GDP. This seemed to fit in with the amounts being spent by some rich OECD economies to deal with the fallout from […]Read More

View: Out of the Covid-19 disaster comes privatisation, and other

After Prime Minister Narendra Modi’s announcement of a Rs 20 trillion revival package, and finance minister Nirmala Sitharaman’s elucidation of the measures in five instalments, the response was dismal. Sensex crashed by 1,069 points on Monday. Goldman Sachs forecast that GDP growth this year would crash to –5%. Former chief statistician Pronab Sen felt it […]Read More

Bulk deals: Goldman Sachs laps up IndusInd Bank shares

MUMBAI: Companies similar to IndusInd Bank, Care Ratings and Mangalam Cement witnessed bulk offers in Wednesday’s commerce. For the day, Sensex closed 1.01 per cent or 310.21 factors decrease at 30,379.81, whereas the 50-share Nifty dropped 0.76 per cent or 68.55 factors to shut at 8,925.30. Here’s who purchased what in among the key bulk […]Read More

Oil price war ends with historic Opec+ deal to cut

By Javier Blas, Salma El Wardany and Grant Smith The world’s prime oil producers pulled off a historic deal to cut world petroleum output by practically a 10th, placing an finish to the devastating price war between Saudi Arabia and Russia. After a week-long marathon of bilateral calls and 4 days of video conferences with […]Read More

Trump suspends travel from Europe for 30 days as part

President Donald J. Trump speaks in the Oval Office at the White House. Jabin Botsford | The Washington Post | Getty Images WASHINGTON – President Donald Trump announced that a ban on travelers to the United States from Europe would be in place for the next 30 days, in an attempt to stem the spread of […]Read More