All articles tagged with #goldman sachs
A Goldman Sachs partner warns that AI could erode bankers’ ability to reason by outsourcing thinking to machines, threatening Wall Street’s apprenticeship model and junior training. Goldman is grappling with balancing automated tools like Marquee with human oversight to preserve tacit knowledge and ensure accurate, auditable outputs in high‑stakes finance.
Apple marks seven years of the Apple Card, while a plan emerges to switch the issuer from Goldman Sachs to Chase by early 2028; Mastercard remains the network, and open balances will migrate to Chase with Goldman Sachs continuing customer service in the interim. For now, cardholders can continue using Apple Card as usual, with no confirmed changes beyond the issuer transition and no expansion beyond the U.S. yet.
Goldman Sachs argues a September 25-basis-point Fed rate hike is unlikely as inflation cools and recent data undershoot—making the hawkish path priced into markets too aggressive. Hatzius notes inflation is more likely to improve through the year, with July data easing fears of deterioration. CME data had put odds of a hike around 30% ahead of the meeting (Sept. 15-16). The bank also expects the yield curve to steepen on cooling price pressures and waning rate-hike expectations, even as it posts strong Q2 results (EPS $20.98, revenue $20.34B) fueled by equities and investment banking.
Goldman Sachs economists say the strong consumer boost from tax refunds in Q2 may be short‑lived, projecting real consumer spending growth slow to about 1–1.5% in the second half as real cash flow stagnates, even as GDP rose 1.5% in Q2 and retailer demand showed broad strength. The bank notes Q2 sales gains were helped by refunds and signals from retailers will be tested in upcoming earnings from Home Depot, Lowe's, Walmart and Target.
Goldman Sachs says market pricing for Federal Reserve rate hikes is too hawkish given cooling inflation and softer data; a September hike is unlikely, with traders shifting bets toward January as inflation trends improve and hawkish bets unwind.
Goldman Sachs has outlined its top stock ideas in the wake of releasing its second-quarter earnings, signaling where the firm sees favorable opportunities for investors.
Goldman Sachs is leaning into the AI infrastructure boom by funding AI-related projects and capacity, signaling a new revenue driver as demand for compute and data-center capabilities grows.
NVIDIA is backing a $500 billion AI infrastructure financing initiative with Goldman Sachs, BlackRock, Blackstone, Apollo and others, aiming to create a new revenue channel as financed GPU deployments fuel demand. The move comes as Nvidia reports $81 billion in quarterly revenue (up 85% YoY) with a forecast of $91 billion, and a market value around $5.4 trillion, highlighting both growth potential and the risks of financing AI infrastructure beyond its core chip business.
Goldman Sachs says Japan has enough cash—about $200 billion of its roughly $1 trillion in USD reserves—and access to the Fed's FIMA facility to fund a couple more rounds of large yen-buying intervention, potentially matching last month's size. With the yen around 160 per dollar after a historic two-day move and investors watching the BOJ's September policy meeting, the next intervention will hinge on the U.S.-Japan yield carry; analysts warn interventions aren’t a lasting fix, though they can buy time.
Nvidia posted $81 billion in quarterly revenue (up about 85% year over year) and, with a new $500 billion AI data-center financing facility backed by Goldman Sachs, sits around a $5.4 trillion market cap and is on a path to reach $10 trillion in value as AI demand outpaces compute capacity.
Goldman Sachs will acquire Neos Investments for up to $2.25 billion to expand its active ETF footprint. Neos manages about $30 billion across 19 ETFs and employs options to generate income and cap downside risk. The deal, expected to close in Q1 2027, would push Goldman’s active ETF assets toward $80 billion, with Neos co-founders joining as partners, continuing Goldman’s strategy of growing its asset-management business through acquisitions.
Goldman Sachs argues that US-Japan yen intervention is unlikely to threaten the dollar’s status as the world’s dominant reserve currency, pointing to the dollar’s deep capital markets and the Fed’s FIMA facility as crucial advantages during currency-support episodes. While policy uncertainty can weigh on the dollar, the bank notes that past instances where Treasuries were used to back currencies have typically reinforced the dollar’s central role.
Goldman Sachs says AI-stock turbulence should settle as earnings remain supportive; about two-thirds of the S&P 500 had reported Q2 results by July 31, with roughly 64% beating estimates, and AI infrastructure continuing to drive profits led by Alphabet, Amazon, Microsoft, Nvidia and Broadcom. Hyperscalers’ capex is seen topping $1 trillion by 2027, though higher costs could keep volatility high.
Goldman Sachs traders are on track for a record year, and the article examines the factors driving their momentum and the firm’s trading strategies behind the performance.
Goldman Sachs says diesel is at the epicenter of a widening global fuel crunch driven by war-related refinery outages in the Middle East and Russia. July refining throughput has fallen as much as 6.5 million barrels per day vs. a year ago, with diesel exports down about 2.6 million bpd (roughly 35%), leaving middle-distillate inventories below seasonal norms and pushing refining margins to record highs as gasoline, diesel, and jet fuel supplies tighten.