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The Latest Breaking News from Goldman Sachs

Wall Street's hidden recruiting pipeline isn’t an Ivy League diploma—it’s the teammate who triples your odds of getting hired

A new study of more than 120,000 Ivy League graduates finds locker room ties, not diplomas, do the real gatekeeping into finance's top firms

Fortune

Citadel Acquires Bulk of Leopold Aschenbrenner's AI Stock Portfolio Following Brutal Hedge Fund Sell-Off

Citadel acquires most of Situational Awareness' public equity portfolio after the hedge fund suffers losses during an AI stock downturn, highlighting the volatility in AI investments.

International Business Times UK

Oil Price Today (July 31): Crude oil extends fall to $88. What’s behind the decline amid Iran war?

Saudi Arabia is seeking to spearhead a coalition to enhance defense cooperation in the Bab El-Mandeb Strait, the Red Sea and the Gulf of Aden. The Saudi defense ministry said 14 countries, including Turkey, Pakistan, Egypt, Sudan and Djibouti, had issued a joint statement backing the proposed maritime security alliance.

The Economic Times

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OpenAI Veteran's Hedge Fund Implodes After Wall Street Banks Reduce AI Bet Exposure

Former OpenAI researcher Leopold Aschenbrenner's hedge fund, Situational Awareness, unwinds after steep losses and greater demands for collateral from Goldman Sachs and JPMorgan Chase.

International Business Times

Goldman Sachs Asset Management launches AI investment platform: Report

Goldman Sachs Asset Management has launched AlphaAI, an artificial intelligence investment platform. Lou D'Ambrosio will lead this new platform as chairman of Artificial Intelligence. This platform aims to generate returns from the rapidly evolving AI technology space.

The Economic Times

Ex-White House counsel says Epstein accuser’s testimony ‘lacked inherent credibility’

Kathryn Ruemmler was blasted by family of late Virginia Giuffre after House committee transcripts were released

The Guardian - US

AI Star Leopold Aschenbrenner Built A $45 Billion Hedge Fund. Weeks Later It Has Been Forced To Unwind Bets

Several of Situational Awareness' prime brokers, including Bank of America, Goldman Sachs, and JPMorgan Chase, have been working with the hedge fund to either raise cash or reduce positions in an orderly manner.

International Business Times

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Asian Paints shares decline 3% after Q1 results. Should you buy, sell or hold?

Asian Paints shares fell 3% despite better-than-expected Q1 FY27 earnings and multiple target price hikes by brokerages. Nomura retained its Buy rating with a Street-high target of Rs 3,750, citing strong demand and easing competitive pressures. Goldman Sachs maintained Sell, while Motilal Oswal stayed Neutral, highlighting margin resilience despite inflationary…

The Economic Times

Oil Price Today (July 30): Crude oil dips below $90 after 8% surge on Wednesday. Here’s why

Brent crude futures were down $1.29, or 1.42%, at $89.45 a barrel. U.S. West Texas Intermediate (WTI) crude slipped 56 cents, or 0.66%, to $83.90 a barrel.

The Economic Times

3 Refiners Benefiting From Oil Volatility and Tight Fuel Supply

As crack spreads widen amid tight refining capacity, Delek U.S. Holdings, PBF Energy, and Par Pacific Holdings post strong YTD gains ahead of their upcoming Q2 earnings reports.

MarketBeat

Gen-AI to boost India's labour productivity by 0.4 percentage points annually over next decade: Goldman Sachs

Over the next decade, generative AI is poised to significantly enhance India's labour productivity, particularly in knowledge-driven sectors such as healthcare and education where improvements are set to be most notable. By automating routine tasks, workers can focus on more value-added activities. Although manufacturing and construction are likely to see…

The Economic Times

L&T shares rise 4% after Q1 earnings. Why Goldman Sachs, other brokerages remain bullish?

Larsen & Toubro (L&T) shares climbed after the company reported a 14% YoY rise in Q1 FY27 net profit to ₹4,123 crore. Revenue from operations grew 7% to ₹67,942 crore, with international business contributing 51% of total revenue. Following the strong earnings, brokerages maintained their 'Buy' ratings on the stock.

The Economic Times

Oil Price Today (July 29): Crude oil jumps 5% as US intercepts Iranian 'surprise attack’. Big rally ahead?

Brent crude jumped 5% to around $88 a barrel, recovering after its biggest three-day decline since April 2020. The U.S. West Texas Intermediate (WTI) crude advanced $.67, or .47%, to $83.

The Economic Times

Nvidia’s Jensen Huang says AI is killing tasks not jobs—and the white-collar bloodbath narrative gets the future of work ‘exactly backwards’

“AI automates tasks away, but it doesn’t necessarily eliminate jobs,” Huang said.

Fortune

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The Economic Times

Hedge funds on track for another stellar year on AI boom

Global hedge funds are on track for an exceptional year, surpassing previous performance benchmarks. In the first half of the year, the average return reached seven percent, well above the historical average. With rising investor interest, nearly half of the investors are looking to increase their hedge fund commitments. Particularly,…

Fortune

U.S.'s economic nemesis is the poster child for self-sufficiency: China's exports are so huge they're now lowering inflation in other countries

A discrepancy between China's export data and U.S. import data is "not because ships are sinking mid-Pacific," notes UBS's Paul Donovan.

The Economic Times

Oil Price Today (July 28): Crude oil dips 10% in two sessions as US, Iran mull peace talks. What are experts saying?

Brent crude futures were down $0.78, or 1%, at $88 a barrel, while US West Texas Intermediate crude fell $0.88, or 1.1%, to $82. Both benchmarks had dropped 1% earlier in the session, touching their lowest levels in more than a week.

International Business Times

Goldman Sachs Names the Asian Currencies Riding the AI Boom. South Korea and Taiwan Are Leading

Goldman Sachs said Asia's foreign exchange market has effectively split between economies benefiting from booming AI investment and chip exports and nations more vulnerable to rising energy costs.

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The Economic Times

Hedge fund bets on rising US healthcare stocks near 5-year high, Goldman says

Hedge funds are actively enhancing their stakes in healthcare stocks, reflecting a significant trend in market behavior. With a notable surge in interest from both speculators and specialized funds, this sector is ripe for investment. The infusion of artificial intelligence into drug discovery is revolutionizing research capabilities, while the Food…

The Economic Times

Explained: Why crude oil prices tumbled over 9% to below $90/bbl in one day

Crude oil prices plunged more than 9% to $88 a barrel after the US paused strikes on Iran and Tehran signalled restraint, boosting hopes of de-escalation. Reports said China is backing Pakistan's efforts to revive US-Iran peace talks, easing fears of prolonged supply disruptions. The sharp decline in oil prices…

The Economic Times

Q1 Results today: Coal India, Tata Power, BEL, Coforge, among 68 companies to announce earnings

The Q1 FY27 earnings season gathers pace on Monday, with 68 companies set to announce their April-June quarter results. Key names on the radar include Coal India, Tata Power, Bharat Electronics, Godfrey Phillips, Coforge and Canara Bank. Investors will also track earnings from Indus Towers, Tata Chemicals, HUDCO, Happiest Minds…

The Economic Times

Oil Price Today (July 27): Crude oil dips 5%, below $95 as US pauses strikes on Iran. What are experts saying?

Brent crude futures dropped $4.89, or 5.05%, to $91.89, after briefly falling below the key $90 support level earlier in the session. US West Texas Intermediate crude stood at $84.64 a barrel, down $4.67, or 5.23%. The decline comes after crude prices surged 10% last week.

Fortune

Katty Kay: confidence is the skill that turns thoughts into action—and companies need to start teaching it

The co-host of "The Rest is Politics" and "Doing it Anyway" on confidence, women's progress at work, and leaders acting while afraid.

The Economic Times

Crude oil prices rise 10% this week but China enters fray to push for end to Iran war. What’s next?

Crude oil futures experienced a significant decline on Friday. This drop followed reports of China's initiative to restart stalled US-Iran peace negotiations. Despite the fall, both Brent and West Texas Intermediate crude are set for weekly gains. Geopolitical developments continue to heavily influence global oil prices and supply concerns. Experts…

The Economic Times

Q1 Results today: SBI Life, Tata Consumer, Hindustan Zinc among 86 companies to announce earnings

A total of 86 companies are slated to announce their Q1 FY27 earnings today, with key names including Tata Consumer Products, SBI Life Insurance, Hindustan Zinc, Shriram Finance, ACC, Bank of Baroda, Bank of India, SAIL, SBI Cards, Laurus Labs and Lodha Developers.

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