China’s property sector has failed to overcome a persistent debt crisis, despite rate cuts and loosened restrictions on homebuying (WANG ZHAO) · WANG ZHAO/AFP/AFP China’s economy likely grew last year at its weakest rate in three decades, outside of the pandemic, according to an AFP survey of analysts ahead of official data on Monday. The…
Hong Kong Investment Corp (HKIC), the government’s investment arm, on Tuesday appointed 10 asset managers spanning venture capital, private equity, private credit and hedge funds to oversee at least HK$3 billion (US$385 million) under its enhanced cash-for-residency scheme. HKIC said in a statement that the new batch of managers for the investment portfolio under the…
AI mania has powered Wall Street’s latest record run, creating trillions in market value. But the market may have already priced in most of the potential gains from the technology, wrote Goldman Sachs analysts in a Sunday note. Investors, the analysts said, often over-aggregate and over-extrapolate during major innovation booms. “Individual companies may be capable…
(Bloomberg) — The Goldman Sachs Group Inc. strategist who correctly predicted Wall Street’s underperformance this year expects US equities to keep lagging for the next decade. Most Read from Bloomberg Peter Oppenheimer and his team recommended that investors increase diversification beyond the US as elevated stock valuations put a lid on gains. They expect the…
US investors are increasingly buying Japanese stocks focused on tech and artificial intelligence, lured by the country’s hefty returns compared with American stocks, according to Goldman Sachs. “The increase in US flows is now moving at the fastest pace we’ve seen since Abenomics,” said Bruce Kirk, the bank’s chief Japan equity strategist. US investor active…
US stocks fell Tuesday as the CEOs of Goldman Sachs and Morgan Stanley warned that markets are due for a correction – adding to investor fears that AI stocks have become overvalued. The Dow Jones Industrial Average plunged 450 points, or 1%, while the S&P 500 and Nasdaq slid 1.2% and 1.7%, respectively. “It’s likely…
Topline Shares of Palantir fell more than 8% after market open on Tuesday, leading a broader market decline after the software firm reported better-than-expected earnings, as some economists warned of “rally exhaustion” after a meteoric rise for several stocks this year. One analyst suggested stocks may be suffering from “rally exhaustion.” AFP via Getty Images…
With the United States and China striking what the White House has called a “historic” agreement, trade tensions between the world’s two largest economies – after months of simmering – appear to be entering a phase of de-escalation. Here, the Post explores what the fact sheet has revealed about the commitments made by the US…
There’s no shortage of economic uncertainty for the country’s small businesses, but many are surprisingly upbeat about the year ahead. A source for that optimism: artificial intelligence. That’s what Goldman Sachs (GS) found in a survey of some 1,400 small business owners — and shared exclusively with Yahoo Finance ahead of the bank’s 10,000 Small…
Topline The value of gold dropped more than 5% on Tuesday, pacing what would be the largest single-day decline for the metal in more than a decade, leading a broader metal sell-off as investors appear to step back from a record-breaking buying frenzy. Silver and platinum have joined gold with record-breaking rallies in recent months…