Latest News, Updates & Breaking Headlines
Strategists at Goldman Sachs now project Brent crude to average about $105 in March and rise to $115 in April. (AI image) As a direct fallout of the US-Iran war and rising crude oil prices, Goldman Sachs has adopted a more cautious view on Indian equities, revising its rating to “marketweight,. The global brokerage has…
Goldman Sachs is integrating AI deeply into its operations, aiming to revolutionize client onboarding, risk management, and more with a new operating model. While CEO David Solomon expresses optimism about AI’s transformative potential and the bank’s strong financial performance, he also candidly warns shareholders about risks like incorrect outputs, data breaches, and external dependencies. Goldman…
Goldman Sachs is now changing its long-standing practice of conducting large-scale annual layoffs as the companies now opting for a series of smaller job cuts rolling out this year. According to a report by Business Insider, the Wall Street bank will starting trimming the staff in April, with additional cuts expected through summer. Goldman has…
As tensions continue to heat up in the Middle East, concerns are raising about disruptions to one of the world’s most critical energy shipping routes, the Strait of Hormuz. Any disruption could significantly affect major oil-importing countries such as India, as the narrow Strait of Hormuz is central to global energy trade. The strait sees…
Kathryn Ruemmler, chief legal officer at Goldman Sachs and one of the highest paid lawyers in the US, resigned on Thursday night after the justice department released emails and other documents detailing her extensive relationship with infamous financier and convicted sex offender, Jeffrey Epstein.For years, Ruemmler and the financial services firm had maintained that her…
Global brokerage firm Goldman Sachs has upgraded its outlook for India’s economic growth and lowered its estimate of the country’s current account deficit (CAD) after the announcement of the India-US trade deal. The firm cited the positive impact of lower US tariffs on Indian exports as a key reason for the improved assessment.Reacting to the…
Goldman Sachs analysts have predicted that AI could automate a quarter of all work hours. This will lead to significant job displacement but will stop short of a complete employment crisis. According to a Fortune report, Goldman Sachs analysts Joseph Briggs and Sarah Dong cited Department of Labour job numbers to claim that AI could…
Is AI leading to layoffs? This is the biggest question that analysts across spectrum have been trying to gauge. Goldman Sachs’ recent economic analysis shows a bifurcated picture of artificial intelligence’s impact on the workforce. The findings are claimed to be based on an analysis of third quarter corporate earnings of nearly all the S&P…
Gold is set to be the top performer in 2026, driven by strong central bank buying and rising global tensions, according to Goldman Sachs’ latest commodities outlook report. The bank forecasted gold prices to reach $4,900 by December in the new year, with central banks expected to purchase 70 tonnes monthly, which is four times…
Layoffs can be called as one of the ‘biggest’ words of 2025. Companies across sectors cut jobs. Some reasoned them on automation and some on restructuring or other factors. However, according to Goldman Sachs analysts, the era of Wall Street rewarding companies for cutting staff in the name of artificial intelligence may be coming to…
