Goldman Sachs has agreed to pay a $6 million fine for sending inaccurate or incomplete trading data to the US Securities and Exchange Commission on at least 163 million trading transactions over approximately ten years. The flaws were found in 22,000 data files known as blue papers, which companies routinely send to regulators, according to … Read more
Abdel Halim Salem wrote Friday, July 14, 2023 12:00 AM The American global Goldman Sachs Foundation predicted that the Egyptian economy will rank seventh in the world in 2075, as the second African economy after Nigeria, which is expected to rank fifth, in the latest report of the financial institution. The report revealed that Egypt’s … Read more
The S&P 500 entered so-called “bull territory” last week after rising more than 20 percent since bottoming out last October, but leading Wall Street strategists are divided on the future direction, reports Bloomberg. The Goldman Sachs strategists, led by David Kostin, now believe that the broader US index will stand at 4,500 at the end … Read more
Bidenomics The Biden program is putting pressure on other economic powerhouses. Joe Bidens strategy is working: just a few months after billion-dollar subsidy programs were approved, massive investments are being made in the USA. The US President wants to push back China’s influence and secure his re-election. The allies in Europe, who are threatened with … Read more
Bidenomics The Biden program is putting pressure on other economic powerhouses. Joe Biden’s strategy is working: A few months after billion-dollar subsidy programs were approved, massive investments are flowing into the USA. The US President wants to push back China’s influence and secure his re-election. The allies in Europe, who are threatened with the exodus … Read more
pte20230504004 Company/economy, trade/services Slump in IPOs, debt securities and mergers forces Wall Street to cut jobs significantly Morgan Stanley: Institute has to cut many jobs (Photo: unsplash.com, Sven Piper) New York (pte004/04.05.2023/06:15) – The sharp drop in IPOs, debt securities and mergers is forcing major Wall Street banking institutions to make significant job cuts. After … Read more
BBC Headquarters in London The former BBC boss is said to have arranged a loan for former British Prime Minister Boris Johnson. (Photo: Reuters) London The BBC’s chairman of the board, Richard Sharp, resigned on Friday. Earlier, an investigative report by the public service broadcaster found that the 67-year-old failed to disclose assistance for a … Read more
Warren Buffett The star investor had already become active during the 2008 financial crisis. (Photo: AP) Denver Bankers, regulators and government officials have been dealing with a central question for days: How can trust in the US banking system be restored after the Silicon Valley Bank (SVB) went bankrupt? Star investor Warren Buffett is apparently … Read more
NEW YORK The leading index Dow Jones Industrial shook off initial losses and recently rose by 0.21 percent to 31,940.38 points. The other indices presented themselves even stronger: The market-wide S&P 500 rose by 0.70 percent to 3919.10 points and the technology-heavy Nasdaq 100 by 1.31 percent to 12,411.57 points. Shortly before the start of … Read more
Goldman Sachs on Wednesday cut its forecast for fourth-quarter US gross domestic product growth, citing risks to lending, as smaller banks shrink their loan portfolios to conserve liquidity in the face of a banking crisis. Analysts at the bank now expect year-on-year growth of 1.2 percent for the fourth quarter, down 0.3 percent from the … Read more