The Latest Breaking News from Goldman Sachs

Trump's threat of a 30% tariff on EU goods from 1 August puts Europe’s bullish growth narrative at risk. With investors heavily positioned in eurozone assets, Goldman warns of a 1.2% GDP hit, raising fears of a sharp reversal if tensions escalate.

ASML dived on guidance before the open, while Goldman Sachs beat. On Tuesday, Nvidia, AMD and CoreWeave jumped on AI news, but masked broader stock market weakness.

JPMorgan led flurry of bank earnings Tuesday with Wells Fargo, Citigroup and more. Bank of America, Goldman Sachs and Morgan Stanley followed Wednesday.

Economists at Goldman Sachs expect companies will pass on 70% of tariff costs to consumers via higher prices.

Nebius stock rallies as Goldman Sachs issues a bullish note in its favor. Analyst Alex Duval expects NBIS shares to hit $68 over the next 12 months.

Goldman is ushering in a “hybrid workforce” era in which humans and AI coexist. Its newest autonomous employee, Devin, joins the nearly 12,000 existing software engineers at the company.

Big bank earnings season kicks off Tuesday, July 15, with key industry heavyweight JPMorgan Chase Co. (NYSE:JPM), Citigroup Inc. (NYSE:C) and Wells Fargo Corp. (NYSE:WFC) headlining a crucial reporting day for financials, as Wall Street eyes a rebound in quarterly profits fueled by stronger net interest income and healthy capital…

Analysts including Deutsche Bank’s Jim Reid and Goldman Sachs’ Sven Jari Stehn suggest Trump's sharp escalation is more likely a negotiation tactic than a firm policy shift.

September S&P 500 E-Mini futures (ESU25) are down -0.29%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.30% this morning, pointing to a lower open on Wall Street after U.S. President Donald Trump escalated his trade war.