Browsing: Goldman Sachs

Goldman Sachs has raised its 2024 year-end target for the S&P 500 Index to 5,600 from 5,200 earlier, citing strong earnings growth by five mega-cap U.S. tech stocks and a higher fair value price-to-earnings ratio multiple.

The investment banking firm also forecasts the North African country’s inflation rate to drop to 20% by end-2024

The bank forecast a return of 20% in select sectors such as energy and industrial metals ex-nickel and zinc in the S&P GSCI Commodity Index for 2024

These expectations are driven by the anticipated package from the International Monetary Fund (IMF) and partners to Egypt, in addition to the Ras El-Hekma deal

RIYADH: Business entities in the Asia Pacific region are poised to benefit from a $1 billion partnership between Emirati firm Mubadala Investment Co. and Goldman Sachs.   

The debt ceiling deal in Washington did not set off a celebration in the stock market. But the bipartisan compromise…

The US government may run out of money by June 9, Goldman Sachs economists have warned. The Treasury’s early June…