Goldman Sachs Group Inc.

Bill Ackman says stocks will soon be a ‘buy’ now that the Fed is ‘doing what it has to do’ to fight inflation

“‘Once people realize the Fed doesn’t have to keep increasing rates and will soon take rates down…that will be a buy signal for markets.’” — Bill Ackman Pershing Square Capital Management’s billionaire founder Bill Ackman shared some commentary about the markets and the US economy during a brief interview on CNBC’s “Squawk Box” Tuesday morning. …

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Sterling depths and its worst month since Brexit, analysts expect it to ‘plumb’

Sterling depths and its worst month since Brexit, analysts expect it to ‘plumb’ The British pound suffered its worst month since the afterth of the Brexit referendum, and analysts expect ster to fall further as a “slowing economy and political paralysis” flu the UK Luke MacGregor | Bloomberg | Getty Images LOND — Sterling in …

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Goldman and others on impact of US IRA, climate bill on global stocks

Goldman and others on impact of US IRA, climate bill on global stocks The Biden administration passed the largest climate bill in history in August, giving a boost to a range of US-listed clean energy stocks. The $430 billion Inflation Reduction Act , also known as the climate bill, includes $369 billion for energy security …

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Goldman Sachs to lift vaccination, Covid-19 requirements in most offices next month

Pavlo Gonchar | LightRocket | Getty Images Goldman Sachs said Tuesday it will lift all its Covid-19 requirements in most offices beginning Sept. 6, in response to new guidance from federal health officials. According to a memo sent Tuesday and obtained by CNBC, the bank said will no longer require its workers to be vaccinated …

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UK inflation could top 22% as energy prices soar, Goldman Sachs warns

Goldman Sachs has said that the UK is likely to fall into recession in the fourth quarter 2023. Richard Baker | In Pictures | Getty Images LONDON — UK inflation could soar above 22% next year if energy prices continue their upward spiral, US investment bank Goldman Sachs warned. In a research note dated Monday, …

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This is a great entry point to buy commodities, Goldman says

Commodity prices have pulled back from recent highs amide mounting concern over an economic slowdown, but Goldman Sachs said the weakness creates a prime buying opportunity. “Buy commodities now, worry about the recession later,” read the title of the firm’s Monday note to clients. Goldman said that commodities are pricing in a recession outlook more …

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Treasury yields slip as investors digest recent US inflation data

Bonds yields slipped Monday, as investors digested the previous week’s wave of data releases and questioned whether the US Federal Reserve may slow its tightening cycle on improved inflation news. The yield on the benchmark 10-year Treasury note was last down 5 basis points at 2.799%, while the yield on the 30-year Treasury bond traded …

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Six Flags, Disney, Sonos and more

Customers are socially distanced on rides like the Wonder Woman: Lasso of Truth at Six Flags Great Adventure in Jackson, New Jersey. Kenneth Kiesnoski/CNBC Check out the companies making headlines in midday trading. Six Flags — Shares dropped 18.7% after the theme park company sharply missed second-quarter earnings expectations. Six Flags reported earnings of 53 …

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Bed Bath & Beyond, AMC and more

An AMC theater is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, US, January 27, 2021. Carlo Allegri | Reuters Check out the companies making headlines in midday trading. Bed Bath & Beyond, AMC — Shares surged 41% and 13% respectively as social media traders appeared …

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Goldman Sachs says regulators are investigating credit-card practices

Goldman Sachs CEO David Michael Solomon attends a discussion on “Women Entrepreneurs Through Finance and Markets” at the World Bank on October 18, 2019 in Washington, DC. Olivier Douliery | AFP | Getty Images Goldman Sachs said that its credit-card business is being investigated by the Consumer Financial Protection Bureau over a range of billing …

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