Goldman Sachs

Brent crude dips under $114, focus shifts to China
September 18 2012 4:07 AM

Brent crude slipped under $114 a barrel on Tuesday, adding to steep losses in the previous session, as investors weighed the impact of the Federal Reserve's open ended stimulus push on oil demand and eyed China's next step to boost its economy. Brent crude fell more than $5 a barrel late on Monday in a wave of late, high-volume selling that many traders said appeared to have stemmed from an automated computer trading program. The U.S. Commodity Futures Trading Commission said it was lookin...
Rosh Hashana Sermon Read at Occupy Wall Street Rally [FULL TEXT]
September 17 2012 10:35 AM

On Sunday night, just a day before the one year anniversary of the Occupy Wall Street movement, protesters returned to Zuccotti Park, formerly the central camp ground of the protest, to kick off celebrations. The festivities also coincided with another event; Rosh Hashana, the Jewish New Year.
Apple Shares Leap To New Record As Goldman, Others Up Target Prices
September 13 2012 9:25 AM

Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, rose 1 percent in Thursday trading after several analysts at firms including Goldman Sachs (NYSEL GS) boosted their price targets for the Cupertino, Calif.-based company, citing potential sales of the iPhone 5.
Wall Street Setting Itself Up For Collateral Meltdown Daisy Chain All Over Again: Bloomberg News
September 13 2012 7:04 AM

Less than 24 hours after the U.S. government reported it was mostly done with its money-losing bailout of AIG, a Bloomberg News article out Tuesday explained how Wall Street banks are setting themselves up for the next systemic crisis by playing at financial alchemy in the derivatives market.
Fed Meeting Preview: QE3 Has Arrived
September 12 2012 6:12 AM

Markets have been talking about QE3 for two years. Now, after a sovereign credit downgrade, the near collapse of the European financial system, and facing an anemic recovery that has only marginally helped heal the carnage in the labor and housing markets, the vast majority of financial pundits believe QE3 this week is "pretty much a given."
Poor Returns Cast Cloud over BRIC Equity Funds
September 11 2012 1:31 AM

Investors fed up with years of poor returns are deserting BRIC equity funds, pushing share valuations to record cheap levels and questioning the future of the high-profile investment theme.
US Will Cut Its AIG Stake To 23% From 53%, By One Estimate
September 09 2012 10:30 PM

Because of the U.S. Treasury Department's announcement Sunday that it has launched an offering of $18 billion worth of its American International Group Inc. (NYSE: AIG) common stock, the government will soon go from being the company's majority shareholder to being one of its minority shareholders.
August US Jobs Report Is Disastrous: 6 Takeaways
September 07 2012 11:22 AM

It's been three years since the Great Recession technically ended, and still, unemployed Americans are struggling to find work.
Gold Tops $1,700 on Draghi Comments, Holds Despite Good Jobs Data
September 06 2012 10:45 AM

Gold futures blew past the $1700-per-ounce mark early Thursday morning ahead of a widely-anticipated appearance by European Central Bank president Mario Draghi where the central bank head was expected to announce further monetary accommodation in the eurozone.
Indonesia could have unreported Palm Oil Reserves
September 06 2012 5:28 AM

Palm-Oil reserves in Indonesia, the world'slargest producer, may total about 4-M metric tons, twice as much as estimated, according to Godrej International Ltd., which forecast a rise in Malaysian stockpiles to a record. "It is difficult to be Bullish on Palm-Oil prices," Dorab Mistry, a director at Godrej International Ltd., told a conference in Singapore, citing the stockpiles, slower economic growth and rising output.
Hollywood’s Incredible Shrinking Audiences
September 04 2012 1:41 PM

This past weekend, Hollywood studios received bad news. The number of tickets sold during Hollywood's all-important summer season -- the first week in May through Labor Day weekend -- shrank to 532 million in 2012. That's off 4 percent from last year and on track to be the lowest summer attendance in almost 20 years, according to preliminary estimates from Hollywood.com.
Bernanke's Speech at Jackson Hole: 6 Key Take-Aways
August 31 2012 12:39 PM

It seemed everyone was claiming their crystal ball has been right in anticipation of a much-hyped speech by the world's most powerful central banker, who managed to turn the attention of traders around the world to his podium in bucolic Jackson Hole, Wyo. Friday. They were all right and, as usually happens in such cases, they were also all wrong.
Bernanke's Jackson Hole Speech - Live Blog: Will He Or Won't He QE3?
August 31 2012 9:37 AM

Two years after Federal Reserve Chairman Ben Bernanke announced plans for a massive second round of monetary stimulus -- so called QE2 -- at a yearly Fed summit in Jackson Hole, Wyo., the world's most powerful central banker returns, with markets primed for him to deliver on even more stimulus.
Workday, PeopleSoft Founder?s 2nd Try, Sets $400M IPO
August 31 2012 9:11 AM

Workday, the human-resource software company started by PeopleSoft founder David Duffield, filed for a $400 million initial public offering sometime later this year.
Ahead of Bernanke's Jackson Hole Speech, Anticipation and Disappointment
August 30 2012 4:39 PM

Market-watchers continued to use words like "anticipation," "expectations," "disappointment" and "excitement" Thursday, less than 24 hours ahead of a speech by Federal Reserve chairman Ben Bernanke that is being hyped up as a make-or-break moment for economic affairs in 2012.
Best Buy Private Equity Bid: Who Has The Bucks For A Big Deal?
August 30 2012 6:19 AM

Can Richard Schulze, the 71-year-old founding CEO of Best Buy Co. (NYSE: BBY) put his money where his mouth is? Can he fork up billions from private eqiuity behemoths like KKR (NYSE: KKR)?
Tiffany Lowers Profit Forecast, Shares Rally Anyway
August 27 2012 3:40 PM

When Tiffany & Co. (NYSE: TIF) cut its fiscal year sales and earnings guidance for a second straight quarter on Monday, stock in the company rallied over 7 percent. The reason: investors think the worst is over for the New York-based jeweler.
Top After-Market NYSE Movers (Williams-Sonoma, La-Z-Boy, Express, Pioneer Energy, Qihoo 360, EnCana, Tim Hortons)
August 22 2012 1:27 AM

The top after-market NYSE gainers Tuesday were Williams-Sonoma, La-Z-Boy Inc, Express, Inc, GenOn Energy and Pioneer Energy Services Corp. The top after-market NYSE losers were Qihoo 360 Technology, EnCana, Beazer Homes, Tim Hortons and Agrium Inc.
US Stocks About To Fall Off A Cliff - Analysts
August 21 2012 12:01 PM

There's an almost-daft energy over Wall Street at the moment as stocks keep to four-year highs, a trend that hasn't kept analysts from warning that the party is about to be over.
Portrayals Of Wall Street As Greedy, Selfish And Rotten - 100 Years Ago (Photos)
August 18 2012 7:25 PM

It may be surprising to many who believe that Wall Street and global finance are inherently malevolent that a century ago, the public had a very similar perception of financial services, a notion that was channeled by editorial cartoonists in hard-hitting illustrations in magazines like Puck and newspapers like the New York Herald. These cartoons would be as fitting today as they were in 1912.

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