The Latest Breaking News from Goldman Sachs

Russia’s invasion of Ukraine has resulted in a sudden spike in gold prices to two-year highs. In the wake of recent geopolitical events, Goldman Sachs has increased its gold price projections due to growing demand. Thus, we think it could be profitable to invest now in the stocks of fundamentally…

Goldman Sachs analyst Adam Samuelson downgraded Hormel Foods Corp (NYSE:HRL) to Sell from Neutral with a $44 price target, implying a 12.07% downside. Samuelson warned that the Russia-Ukraine conflict might become one of the most disruptive events across the food and agricultural supply chain. The analyst expects material fertilizer supply shocks across nutrients. Samuelson views…

Oil and gas price increases and a flattening yield curve are raising recessionary concerns. Furthermore, Goldman Sachs (GS) has warned of a 20% - 35% chance of a recession. Amid this uncertainty, we believe the sturdy stocks BHP Group (BHP), Lockheed Martin (LMT), and Snap-on (SNA) might be ideal additions…

Kaspien Holdings Inc (NASDAQ:KSPN) has promoted senior finance executive Brock Kowalchuk as the interim Chief Executive Officer, effective March 11, 2022. Kaspien also disclosed that Kunal Chopra is no longer employed by the company, effective March 11, 2022. The company did not reveal any reason for Chopra's departure. Kowalchuk joined Kaspien in September of…

There’s a life I want to live that doesn’t have me shackled to debt, and I couldn’t keep waiting for someone else to get me there.

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Goldman Sachs Group Inc (NYSE:GS) analysts downgraded forecasts for U.S. economic growth for this year, reckoning that spikes in oil and other commodities since Russia's invasion of Ukraine will hurt spending, reported Reuters. The investment bank cut its annualized growth forecast to 2.9% against a previous expectation of 3.1%.  It expects fourth-quarter…

Goldman Sachs Group Inc (NYSE: GS) and JPMorgan Chase & Co (NYSE: JPM) announced they were unwinding their Russian businesses, becoming the first major U.S.

US investment bank Goldman Sachs on Thursday announced it would pull out of Russia, becoming the first Wall Street institution to distance itself from Moscow after its invasion of Ukraine. Disney, which has halted movie releases in Russia, also said it would withdraw other products, as more American businesses express…

Russia's unilateral aggression in Ukraine has drawn the ire of people from all quarters.

Growing number of major US companies leaving Russia due to invasion of Ukraine