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The Latest Breaking News from Goldman Sachs

The 4-day workweek will finally arrive thanks to A.I., Jefferies says—You’ll just need a ‘human day’ to cope with digital overload

The bank thinks A.I. could prompt a revolution in the workplace—and may spell the end of the remote work era.

Fortune

98% of people have a below-market mortgage rate—that's keeping housing inventory tight

“I don’t know if stuck is the right word, but a 2.62% interest rate is hard to give up right now.”

Fortune

Crude Prices Fall Sharply after Goldman Sachs Cuts its Crude Price Forecast Again

July WTI crude oil (CLN23 ) on Monday closed down -3.05 (-4.35%), and July RBOB gasoline (RBN23 ) closed down -11.06 (-4.27%). Crude oil and gasoline prices Monday sold off sharply, with crude falling to a 6-week low and gasoline sliding to a 1-week low. A stronger dollar Monday weighed...

Barchart

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read the most diverse news in one place.

Crude Prices Tumble after Goldman Sachs Cuts its Crude Price Forecast Again

July WTI crude oil (CLN23 ) this morning is down -2.25 (-3.21%), and July RBOB gasoline (RBN23 ) is down -9.07 (-3.50%). July Nymex natural gas (NGN23 ) is down -0.021 (-0.93%). Crude oil and gasoline prices this morning are sharply lower, with crude falling to a 6-week low and...

Barchart

Blanchardstown shopping centre put up for sale with €725 million price tag

The sale comes months after a €450 million apartment development was approved for a site beside the centre

Dublin Live

The jobs most and least at risk of being replaced by AI

Rishi Sunak has put AI at the top of his agenda when he meets with President Biden later this week.

The Week

I quit my "cushy job" to launch a liquor company and sold it for millions

Carter Reum gave Fortune a detailed breakdown of his career, including what he learned on his journey toward success.

Fortune

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How AI could help solve Australia's 'productivity problem' without leaving workers worse off

With productivity falling in Australia and AI developments advancing, could the technology be the answer to boosting output, or will it cause more job losses?

ABC News

Uh oh! Apple Savings account complaints are piling up — why some people are pissed

Reports about unusual delays in transferring money out of Apple's new Savings account are piling up.

Laptop

South Africa's role as host of the BRICS summit is fraught with dangers. A guide to who is in the group, and why it exists

South Africa will host the BRICS summit in August 2023. The event could offer the country an opportunity to exercise leadership in the BRICS’ efforts to reform the arrangements for global economic governance and in supporting sustainable and inclusive development in Africa and the Global South. However, the opportunity has…

The Conversation

Apple’s new Goldman Sachs savings accounts excited savers with high interest rates

Some customers reportedly experienced delays in transferring funds from the savings account to another bank account.

Fortune

China’s 11.6m graduates face a jobs market with no jobs

With youth unemployment at a record high, the problem of overeducated young people is acute

The Guardian - UK

Business behemoths ramp up China diplomacy

Dimon and Musk's individual pilgrimages east reflect the realpolitik that's always driven Western financial considerations.

Axios

Partygate: Nadine Dorries suggests Boris Johnson Chequers records might have wrong names and dates – as it happened

Former culture secretary says prime ministerial diaries ‘are frequently wrong’

The Guardian - UK

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RideApart

Is Ola Electric Planning To Go Public By The End Of 2023?

Indian electric two-wheeler manufacturer Ola Electric is riding a wave of popularity in India, and is reportedly in the midst of planning an IPO soon.

Evening Standard

Goldman Sachs £170m equal pay settlement could open the door to a wave of UK claims

City Voices: Action in the Employment Tribunal against banks in the UK is now possible

The New Daily

Alan Kohler: Productivity has collapsed because workers have lost hope

Between March and December last year, Australian productivity – GDP per hours worked – actually declined 4.1 per cent.

TV Tech

Report: Avid Sale Rumored

Company is working with Goldman Sachs according to Reuters

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Fortune

Future of Finance: Goldman's McDermott on how blockchain tech will produce ‘a profoundly different financial system’

Goldman CEOs have long said it’s not a bank, it’s a tech company. The head of digital assets explains why this has never been more true.

Fortune

Bill Gates says the winner of the A.I. race will be whoever creates a personal assistant

Gates also said search engines will lose their relevance once consumers can access A.I. personal agents en masse.

Barchart

Stock Index Futures Move Lower as U.S. Debt Ceiling Uncertainty Weighs on Sentiment, PMI Data in Focus

June S&P 500 futures (ESM23) are down -0.14%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.02% this morning as the U.S. debt ceiling impasse kept risk sentiment fragile, while market participants awaited U.S. business activity data.

Barchart

Stock Index Futures Mixed as U.S. Debt Ceiling Uncertainty Weighs on Sentiment, PMI Data in Focus

June S&P 500 futures (ESM23) are down -0.11%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.02% this morning as the U.S. debt ceiling impasse kept risk sentiment fragile, while market participants awaited U.S. business activity data.

Barchart

Crude Settles Higher on Expectations for Stronger U.S Fuel Demand Memorial Day Weekend

June WTI crude oil (CLM23 ) on Monday closed up +0.44 (+0.61%), and June RBOB gasoline (RBM23 ) closed up +7.28 (+2.83%). Crude oil and gasoline prices Moday settled moderately higher, with gasoline climbing to a 3-1/2 week high. The outlook for stronger U.S. fuel demand this Memorial holiday weekend...

Barchart

Crude Gains on the Outlook for Stronger U.S Fuel Demand this Memorial Day

June WTI crude oil (CLM23 ) this morning is up +0.45 (+0.63%), and June RBOB gasoline (RBM23 ) is up +4.58 (+1.78%). June Nymex natural gas (NGM23 ) is down -0.194 (-7.50%). Crude oil and gasoline prices this morning are moderately higher on the outlook for stronger U.S. fuel demand...

Fortune

Goldman Sachs estimates Janet Yellen has two more weeks before running out of cash

The U.S. government's cash reserves are dwindling, and soon the Treasury will have to flood the market with over half a trillion dollars in new IOUs.

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