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The Latest Breaking News from Goldman Sachs

Pound hits lowest since April as investors anticipate budget tax rises; markets hit by AI valuation jitters – as it happened

Sterling drops against dollar as chancellor’s speech is taken as a sign that taxes will rise in the budget, and interest rates may fall faster

The Guardian - UK

Nvidia Partners With $750M Startup Spectro Cloud To Fix AI's Biggest Problem: Companies Waste 70% Of Their GPU Computing Power

Spectro Cloud, a Goldman Sachs–backed (NASDAQ:GS) startup valued at about $750 million, announced on Tuesday that it entered a strategic partnership with Nvidia (NASDAQ:NVDA) to address one of the biggest challenges in artificial intelligence: approximately 70% of computing power that often sits unused.

Benzinga

Rivian Q3 Preview: Deliveries Up 32%, Attention Turns To R2, What Happens After Tax Credit Expiration

Electric vehicle company Rivian Automotive (NASDAQ:RIVN) could highlight the upcoming R2 vehicle when the company reports third-quarter financial results Tuesday after market close.

Benzinga

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Shutdown Nears Its End — But Economic Damage Is Mounting, Goldman Says

The U.S. government shutdown has dragged into its 33rd day, and while a resolution may soon be approaching, economists warn the economic fallout is already underway.

Benzinga

Goldman Sachs CEO says AI-induced growth offers a ‘path out’ of America’s $38 trillion debt crisis

“The path out is a growth path,” Solomon said. “The difference between compounding growth of 3% and 2% is monstrous in terms of dealing with this issue.”

Fortune

Bank ‘unlikely’ to cut interest rates but decision a close call, experts say

The Bank’s Monetary Policy Committee will make its next decision on interest rates on Thursday.

Evening Standard

Comcast Faces Wave Of Downgrades As Broadband Outlook Darkens

Comcast Corporation (NASDAQ:CMCSA) grapples with broadband challenges, prompting analyst downgrades and concerns over pricing and investment pressures. This comes after the company on Thursday reported upbeat third-quarter results.

Benzinga

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Amazon's Record-Smashing Stock Rally Isn't Over, Analyst Says: 'AWS Remains The Star Of The Show'

Amazon.com Inc (NASDAQ:AMZN) analysts are raising their price targets on the stock after the company beat revenue and earnings-per-share estimates in the third quarter and posted strong growth in the AWS cloud segment.

Benzinga

Nvidia's $500 Billion Dream Looks Real – And Goldman Is More Bullish Than Ever

Despite a 9% weekly rally that pushed Nvidia Corp. (NASDAQ:NVDA) to a $5 trillion valuation milestone, Goldman Sachs says the party is far from over.

Benzinga

Goldman Sachs CEO: AI’s opportunity is enormous, but ‘there will be winners and losers’

David Solomon sees artificial intelligence as a major catalyst for U.S. economic growth—but warns that the path ahead won’t be a straight line.

Fortune

Goldman Sachs Survey Finds Only 11% Of Companies Cutting Jobs As AI Adoption Rises: Report

A survey by Goldman Sachs Group Inc. (NYSE:GS) found that just 11% of clients in the technology, industrial, and finance sectors are actively cutting jobs as a result of AI adoption. The report gathered insights from more than 100 Goldman Sachs investment bankers.

Benzinga

The government shutdown won't be completely recouped—and it could cost the economy up to $14 billion, estimates say

The report says lost goods and services from furloughed workers’ downtime won’t be regained once the government reopens.

Fortune

Goldman Sachs survey says only 11% of companies are actively linking layoffs to AI—but the real shock is yet to come

Just under half of companies are for now using AI to boost productivity and revenue.

Fortune

Google's Hottest Stock Rally In Over 20 Years Is Far From Over, Analysts Say

Alphabet Inc. (NASDAQ:GOOGL) is now in the middle of its hottest run since the company first hit Wall Street, with shares rising nearly 5% to $286 on Thursday morning—marking a 63% rally over the last four months, its strongest performance since the early months of its 2004 IPO.

Benzinga

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Benzinga

Microsoft On Path To $5 Trillion Market Cap: Analyst Says 'AI Revolution Hits Next Gear'

Microsoft Corporation (NASDAQ:MSFT) highlighted AI and cloud growth during its first-quarter financial results. Here's what analysts are saying about the quarter and what comes next.

International Business Times UK

Dave Ramsey Echoes Warren Buffett's Timeless Investing Advice: 'You Only Lose Money When You Do This...'

Financial expert Dave Ramsey agrees with legendary investor Warren Buffett that you only lose money on investments if you sell at a loss.

Benzinga

Microsoft's New OpenAI Deal Could Be Its Smartest AI Move Yet

Wall Street analysts see Microsoft Corporation's (NASDAQ:MSFT) restructured partnership with OpenAI as a milestone in its artificial intelligence strategy.

International Business Times

It's Better to Train Employees Who Leave Than Keep Untrained Ones: Why AI Augmentation Will Win

In an exclusive interview, An Business operations & Analytics leader challenges the replacement narrative and makes the case for workforce development over cost-cutting.

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Evening Standard

I went on a week-long financial investment crash course for women — did it pay off?

Due to a lack of investing confidence, women often retire poorer than men. So how can we catch up — fast? Vicky Jessop goes on a crash course to find out

Fortune

WeRide CEO says autonomous driving can’t guarantee 100% safety—but could be 10x safer than human drivers within the decade

“Within 10 years, you will see the driving capabilities [of self-driving cars] on par with the best human drivers,” Tony Han said.

Axios

AI is not taking banking jobs, Goldman exec says

David Solomon says artificial intelligence tools increase employee productivity.

MarketBeat

Big Banks Are Setting the Tone as Earnings Season Kicks Off

Despite risks in private credit, the financials sector is largely insulated as the big banks proved when earnings season kicked off last week.

Benzinga

Nextracker Keeps Winning With Record Bookings And Fresh Analyst Optimism

Nextracker Inc. (NASDAQ:NXT) reported second-quarter results that surpassed top- and bottom-line expectations, driven by robust demand across U.S. and international markets and continued momentum from its recently acquired businesses.

Barchart

Goldman Sachs: This 1 New IPO Stock Could Double from Here

Despite a rocky IPO debut, Goldman Sachs sees strong potential for StubHub in the growing ticketing market.

Barchart

JPMorgan Is Betting Big on Quantum Computing. 1 Top-Rated Stock to Buy Now.

While JPMorgan bets on quantum computing, Amazon is emerging as a top-rated quantum stock, capturing Wall Street’s bullish spotlight.

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