(Bloomberg) — The looming impacts of tariffs will be in focus for a second-straight earnings season, prompting investors to position for more volatility. Most Read from Bloomberg Trade tensions have ratcheted up again as US President Donald Trump threatens higher levies on a slew of trading partners — including 50% on Brazil and 30% on…
NVIDIA Corporation (NASDAQ:NVDA) is one of the Trending AI Stocks on Wall Street. On July 10, Goldman Sachs analyst James Schneider initiated coverage on the stock with a “Buy” rating and a price target of $185. Schneider believes that Nvidia is the biggest beneficiary of the ongoing AI infrastructure buildout. The company’s broadening customer base is…
The Shanghai Composite index was barely changed, holding at 3,510.18. (Reuters pic) HONG KONG: China stocks gave up most of their gains and closed flat today, weighed down by a drop in bank shares, while Hong Kong shares held on to gains after a Goldman upgrade. At market close, the Shanghai Composite index was barely…
Fresh trade threats aren’t stopping Wall Street strategists from raising their bets on stocks. Goldman Sachs (GS) raised its year-end S&P 500 (^GSPC) target to 6,600 late Monday, up from a prior estimate of 6,100, citing deeper Fed rate cuts, lower bond yields, and investors’ willingness to look past near-term earnings weakness. Bank of America…
Former UK prime minister Rishi Sunak is set to return to Wall Street as he joins Goldman Sachs in the role of senior adviser, according to a report by the Financial Times published on Tuesday. This marks Sunak’s first major professional move since stepping down as Conservative Party leader following the July 2024 general election….
By Rae Wee SINGAPORE (Reuters) -Goldman Sachs has raised its three-, six- and 12-month return forecasts for the S&P 500, citing expectations of U.S. interest rate cuts and continued fundamental strength of major large-cap stocks as key drivers of its positive outlook. The Wall Street bank has revised its S&P 500 return forecasts, projecting a…
A top adviser to Hong Kong has called for the local government to aim for the space economy as the city’s answer to stimulating high-quality economic growth, while seeking to host top-tier international events such as the Apec finance ministers’ meeting to enhance global ties and boost local consumption. Regina Ip Lau Suk-yee, convenor of…
Anjoy Foods Group, mainland China’s largest producer of frozen hotpot ingredients, said it plans to expand in overseas markets like Europe and Southeast Asia after it lists in Hong Kong. Liang Chen, board secretary of the Fujian-based company, told the Post that proceeds from the share sale would bolster its competitiveness in countries like Indonesia…
U.S. cafe chain Starbucks said it is not currently considering a full sale of its China operations, after Chinese financial magazine Caixin reported that it was, without disclosing where it obtained the information. Starbucks has held preliminary talks with more than a dozen potential buyers, Caixin also reported on Monday, citing sources who did not…
Beijing has urged the international community to step up efforts to de-escalate the conflict between Iran and Israel, warning that the fallout could damage the global economy as Tehran threatens to block the Strait of Hormuz – one of the world’s most important shipping routes. A blockade of the strait, which handles roughly 20 per…