Goldman Sachs (GS) CEO David Solomon said Monday that the prospect of a recession “has increased” amid the uncertainties of a trade war and the new challenges facing CEOs who are unsure about how to plan for the future. Solomon made his comments to analysts after releasing first quarter results showing market trading volatility helped…
It’s going to take more than a reciprocal tariff pause to keep Wall Street’s biggest bear from roaming the markets and heading into hibernation. “Based on my calculations, the tariff rate is still quite high — at least as high as anything we have seen since the 1930s,” BCA Research chief strategist Peter Berezin told…
The S&P 500 briefly entered a bear market on Monday, falling 21% from its mid-February peak. The uncertainty surrounding President Donald Trump’s tariffs, which were higher than Wall Street expected, plunged the market into chaos over the past week. An increase in market volatility has strategists at Goldman Sachs dusting off their bear market playbook…
According to Goldman’s report on Sunday, the impact of the tariffs could be blunted by a 2 trillion yuan (US$275 billion) fiscal package from Beijing to support the economy and consumer consumption. Goldman cut its 12-month growth estimate for the MSCI China Index to 10 per cent from 16 per cent, while the CSI300 Index…
Chinese stocks’ world-beating rally faces a reality check after the US slapped a 34 per cent reciprocal tariff on imports from the mainland, casting a shadow on its fragile economic recovery. The levy is in addition to the existing 20 per cent tariff imposed by President Donald Trump shortly after he took office in January,…
Chinese stocks’ world-beating rally faces a reality check after the US slapped a 34 per cent reciprocal tariff on imports from the mainland, casting a shadow on its fragile economic recovery. The levy is in addition to the existing 20 per cent tariff imposed by President Donald Trump shortly after he took office in January,…
In This Story Happy Liberation Day to those who celebrate. The market appears to have belatedly joined the festivities. Costco’s Kirkland brand became a massive financial success. Here’s how The major stock indices briefly slid in the morning before rebounding later in the day. At 1:07 p.m. EDT, the S&P 500 had risen 0.9%, the…
In This Story It’s the end of the world as we know it, but investors seem to feel (mostly) fine, judging by the stock market. Costco’s Kirkland brand became a massive financial success. Here’s how Stocks closed mainly higher on Tuesday ahead of an announcement by Donald Trump on Wednesday in which he may unveil…
Stocks are ending the first quarter of 2025 near their lows of the year. President Trump’s tariffs have been a major driver of the recent market sell-off, with the S&P 500 falling 5.75% in March alone. But now, with Trump’s “Liberation Day” on April 2 fast approaching and investors expecting to hear more details about…
The outlook for the stock market is becoming increasingly uncertain, thanks largely to the potential impact of an escalating global trade war. Strategists at Goldman Sachs on Sunday night slashed their forecast for the S&P 500 for the second time this year, lowering targets for the benchmark index’s return to -5% in the coming three months and…