The election of Donald Trump in November and a swing back to Republican power in Washington is already starting to make an impact in the business world, according to Goldman Sachs CEO David Solomon.
Investors have been hoping Donald Trump's return to the White House next week will boost the U.S. stock market, while Goldman Sachs sees stocks benefiting from the biggest expected company buybacks in at least five years.
Goldman Sachs is hardly alone in predicting a further 5% jump in the dollar this year. Commodity Futures Trading Commission data find that investors — from big asset managers to hedge funds — are the most optimistic about the dollar’s upside since 2019.
JPMorgan notched a record profit of $58.5 billion, up from $49.6 billion in 2023, America’s biggest bank reported on Wednesday. Goldman Sachs said its profits soared to $14 billion in 2024, compared to $8.5 billion a year earlier.
Goldman Sachs chief economist Jan Hatzius is bullish on the outlook for the U.S. economy, in large part because he doubts Donald Trump’s incoming administration will be able to make good on its ...
Wall Street’s biggest banks posted record profits after Donald Trump’s election triumph triggered a US stock market trading frenzy...
The man who wants to shrink the government will be adding a new agency performing tasks already covered by other agencies
The incoming president is set to inherit three months of rising inflation from his predecessor, the Consumer Price Index shows.
US president-elect Donald Trump will probably seek an average of 20 per cent tariffs on most of those, the chief economist of Goldman Sachs said on Thursday. Speaking at the Atlantic Council in ...
Four of Canada’s biggest lenders said on Friday they were withdrawing from a global banking sector climate coalition, joining six major U.S. banks.
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Goldman Sachs analysts push back their projected timeline for gold (GC=F) to reach $3,000 to the second quarter of 2026 and have now set their 2025 year-end target to $2,910. The analysts say the Federal Reserve's more hawkish approach to 2025 could weigh on gold price growth,