Tag Archives: Sachs

A potential railroad strike in the U.S. shouldn’t be viewed as a black swan event, according to Goldman Sachs chief economist Jan Hatzius, but it could still have an impact on the economy. “I don’t think it’s a black swan,” Hatzius told Yahoo Finance Live at the Goldman Sachs Communacopia + Technology Conference on Monday (video above). “I think it’s an indication, along with other indications of more labor strife and maybe more tensions, that labor still has a very significant amount of… Source link

Goldman Sachs chairman and CEO David Solomon thinks it would be wise for investors to pay extra attention to the path of corporate earnings in the weeks ahead. “I do see a little bit more market volatility — but I think the volatility at this point, the market is expecting,” Solomon said on Yahoo Finance Live at the firm’s 10,000 Small Businesses Summit (video above). “I think you’ve got to watch corporate earnings. And up to this point, corporate earnings have hung in reasonably well. But… Source link

Goldman Sachs emerged as one of the strongest advocates of a post-pandemic return to the office this year, but the fight for talent could be forcing the investment bank to reverse course and offer employees more time away from their desks instead. In an internal memo seen by the Financial Times, the investment bank said it would offer junior staff a minimum of two extra days off each year. But senior staff will get an even bigger perk—one more commonly associated with Silicon Valley than… Source link

(Reuters) – Goldman Sachs Group Inc will allow its partners and managing directors to take as much time off as they want under a new “flexible vacation” scheme to promote “rest and recharge,” The Telegraph reported on Saturday, citing an internal memo. The Wall Street bank memo said that, as of May 1, there will be no cap on paid leave and senior staff can “take time off when needed without a fixed vacation day entitlement,” the newspaper added. All employees are expected to take at least 15… Source link

Goldman Sachs likes these 3 top dividend stocks yielding as high as 7.6% — in a manic market, locking down a growing income stream makes sense The S&P 500 is down 16% so far in 2022. While investor sentiment is far from bullish these days, Goldman Sachs sees opportunity in one specific group of companies: those that return cash to investors on a regular basis. “We continue to recommend investors own stocks with high dividend yield and growth,” Goldman’s chief U.S. equity strategist… Source link

Investors should lean toward owning stable stocks amid the increasingly volatile economic backdrop and hope for the best, fancies Goldman Sachs. Goldman strategist Ben Snider said in a new note Tuesday that stable stocks — or ones that sport low share price and earnings growth volatility — are a must-own in this current moment. The strategist said the investment bank’s basket of stable growth stocks has outperformed the S&P 500 by five percentage points during the past six months as… Source link

With recession calls on Wall Street picking up as the Federal Reserve embarks on what could be up to eight interest rate hikes this year, Goldman Sachs no longer wants to be left out of the growing crowd. “Our analysis of historical G10 episodes suggests that although strong economic momentum limits the risk in the near-term, the policy tightening we expect raises the odds of recession. As a result, we now see the odds of a recession as roughly 15% in the next 12 months and 35% within the… Source link

Goldman Sachs isn’t yet ready to join the chorus of its peers in calling a U.S. recession, but it sure appears to be inching closer to that frenzied camp. “We do put some weight on the historical patterns [of the labor market] and believe that the overheating of the labor market has raised the risk of recession meaningfully. The yield curve seems to discount a recession probability in 2023 of about one in three, roughly double the unconditional average, and we would broadly concur with this… Source link

Fighting a strong trend toward hybrid work, Goldman Sachs CEO David Solomon has repeatedly insisted that employees return to the office full-time, leaving no doubt that he views remote work as a temporary aberration. But on the day the investment banking giant reopened its U.S. offices in February, after shutting down during the Omicron wave, just 50%, or about 5,000 of the building’s 10,000 workers, returned to its New York headquarters, despite receiving more than two weeks’ notice. In… Source link

A recessionary storm could be forming off into the distance amid a host of inflationary and geopolitical concerns, warns strategists at Goldman Sachs. “We now see the risk that the U.S. enters a recession during the next year as broadly in line with the 20-35% odds currently implied by models based on the slope of the yield curve,” said Goldman Sachs Chief Economist Jan Hatzius. The top Wall Street strategist cut his 2022 U.S. GDP forecast to a growth of 1.75% from 2% previously. Consensus… Source link