Skip to: Content
Skip to: Site Navigation
Skip to: Search

July 23, 2008 5:00:21 PM CDT

Learn about Newser Points »

Stories related to: Goldman Sachs

Stories

Stories 1 - 20 of 59

<< Prev 1 2 3 Next >>
  • June 2008

    • Global Econ Puzzle Awaits New President

      newser  |  Financial Times (UK)  |  Jun 27, 08 10:42 AM CDT

      Global Econ Puzzle Awaits New President

      Whether it's John McCain or Barack Obama, the next president will confront a global economic landscape unlike anything his predecessor confronted, write Robert Hormats and Jim O'Neill. In an op-ed for the Financial Times , the two Goldman Sachs executives explain that the new president's greatest challenge will be the rise of emerging economies, whose share of world GDP has doubled since George W. Bush took office. More »

      Tags

      election 2008  • United States  • Goldman Sachs  • globalization  • economics  • developing countries

    • 'Difficult' Dow Ends Down 358

      newser  |  Wall Street Journal  |  Jun 26, 08 3:37 PM CDT

      'Difficult' Dow Ends Down 358

      Stocks plunged today due to the convergence of bad news across all sectors of industry against the backdrop of oil’s first surge over $140 a barrel, the Wall Street Journal reports. The Dow plummeted to a 2-year-low, shedding 358.41 to 11,453.42. The Nasdaq fell 79.89, settling at 2,321.37, and the S&P 500 fell 38.82 to close at 1,283.15. More »

      Tags

      Federal Reserve  • S&P 500  • Nasdaq  • oil price  • Dow Jones Industrial Average  • inflation  • Goldman Sachs  • Wachovia

    • Faltering Banks Push Stocks Down

      newser  |  Wall Street Journal  |  Jun 17, 08 3:15 PM CDT

      Faltering Banks Push Stocks Down

      The markets fell today, led by plunging financials and bank stocks, despite a solid second-quarter report from Goldman Sachs. "There is a lack of clarity at every level of the financial system right now, from regulators to companies," a floor trader told the Wall Street Journal . The Dow fell 108.78 to 12,160.30, the Nasdaq 17.05 to 2,457.73, and the S&P 500 9.21 to 1,350.93. More »

      Tags

      stock market  • inflation  • Goldman Sachs  • financial stocks  • financial sector

  • May 2008

    • Stocks Rally After Fannie Mae Woes

      newser  |  Wall Street Journal  |  May 6, 08 3:30 PM CDT

      Stocks Rally After Fannie Mae Woes

      Stocks rallied and recorded modest gains today after initially falling on on bad news from Fannie Mae. But analysts cautioned against excessive optimism. "The fact that we're not imploding doesn't me that we're OK," a strategist told the Wall Street Journal . The Dow ended up 51.29 at 13,020.83, the Nasdaq 19.19 at 2,483.31, and the S&P 500 10.77 at 1,418.26. More »

      Tags

      stock market  • oil price  • Goldman Sachs  • Fannie Mae

  • March 2008

    • Oracle Stock Dives 8% on Flagging Q3 Revenue

      newser  |  Wall Street Journal  |  Mar 27, 08 7:45 AM CDT

      Oracle Stock Dives 8% on Flagging Q3 Revenue

      Oracle missed its third-quarter revenue projections yesterday and investor reaction was swift and dramatic: shares of the software maker dropped 8% in after-hours trading, reports the Wall Street Journal . This despite the fact that Oracle’s profits rose 30% to $1.34 billion, 26 cents per share, from $1.03 billion, 20 cents per share a year ago. Revenue rose 21% to $5.35 billion, short of analysts’ $5.42 billion expectations. More »

      Tags

      Goldman Sachs  • corporate earnings  • IBM  • Oracle  • BEA Systems  • Cisco Systems

    • Lawmakers Gird for Battle Over Wall Street Reforms

      newser  |  New York Times  |  Mar 23, 08 8:04 AM CDT

      Lawmakers Gird for Battle Over Wall Street Reforms

      Lawmakers are debating how to regulate and oversee financial institutions to prevent another Bear Stearns near-catastrophe. But exactly what that solution should look like depends on who's doing the proposing. President Bush and Wall Street say that Washington's heavy hand could hamstring the industry’s ability to innovate, reports the New York Times. Democratic lawmakers contend it’s time to tighten controls to prevent future meltdowns. More »

      Tags

      Congress  • recession  • Wall Street  • Bear Stearns  • Goldman Sachs  • regulation

    • Morgan Stanley Beats Estimates With 42% Q1 Drop

      newser  |  Bloomberg  |  Mar 19, 08 7:53 AM CDT

      Morgan Stanley Beats Estimates With 42% Q1 Drop

      A day after posting its biggest gain on Wall Street in more than a decade—shares rose 18% to $42.86—securities firm Morgan Stanley today reported a second straight quarterly loss, as first quarter earnings fell 42% to $1.55 billion, from $2.67 billion a year ago, reports Bloomberg. But Morgan joined Goldman Sachs and Lehman Brothers in beating analyst expectations, prompting a runup in early trading. More »

      Tags

      Goldman Sachs  • corporate earnings  • Lehman Brothers  • Morgan Stanley  • John Mack

    • Stocks Blast Off; Dow Rises 420

      newser  |  Bloomberg  |  Mar 18, 08 3:47 PM CDT

      Stocks Blast Off; Dow Rises 420

      Stocks blasted off today, with the Dow up more than 400 points after the Fed rate cut and a rally by investment bank stocks. "The run on the investment banks would appear to be over,'' a strategist told Bloomberg. The Dow ended up 420.41 at 12,392.66, the Nasdaq up 91.25 at 2,268.26, and the S&P 500 up 54.14 at 1,330.71. More »

      Tags

      stock market  • Federal Reserve  • Goldman Sachs  • interest rate cut

    • Goldman Drops 53%, Beats Analysts' Estimates

      newser  |  Bloomberg  |  Mar 18, 08 7:54 AM CDT

      Goldman Drops 53%, Beats Analysts' Estimates

      Goldman Sachs today beat analysts' dire predictions even though it reported a 53% drop in first-quarter profits—the worst falloff since 1999—after a $2.1 billion writeoff, reports Bloomberg. Analysts had expected the Wall Street brokerage to see profits drop more than 60%. Goldman said net income was $1.51 billion, down from $3.2 billion a year earlier. More »

      Tags

      credit crisis  • Wall Street  • Goldman Sachs  • writedowns  • income  • earnings

    • Goldman Sachs Switches Forecasters

      newser  |  Bloomberg  |  Mar 18, 08 6:39 AM CDT

      Goldman Sachs Switches Forecasters

      Goldman Sachs has replaced its famously bullish chief forecaster, Abby Joseph Cohen,  with a less upbeat analyst, Bloomberg reports. Cohen will remain as senior investment strategist, handing over the daily predictions to David Kostin. Kostin sees a decline for the S&P 500 to 1160 in the short run, and a rebound to 1,380 by year's end. Cohen, by contrast, predicted in December that the index would reach 1,675 in 2008. More »

      Tags

      recession  • Goldman Sachs  • markets  • financial markets  • bear market  • bull market  • Standard and Poor

    • Investors Ask: Who's Next?

      newser  |  Financial Times (UK)  |  Mar 17, 08 6:54 AM CDT

      Investors Ask: Who's Next?

      Wall Street, reeling over JP Morgan’s bargain-basement purchase of Bear Stearns, is anxiously watching to see “who’s next” to succumb to the continuing credit squeeze, reports the Financial Times. As investment banks prepare to release first quarter results this week—led by Goldman Sachs and Lehman Brothers tomorrow—the mood is grim. “Short-sellers could have a field day with bank stocks this week,” said one banker. More »

      Tags

      Wall Street  • subprime crisis  • Bear Stearns  • Citigroup  • JPMorgan Chase  • Goldman Sachs  • Lehman Brothers

    • Goldman Analysts Warn of Next Crisis

      newser  |  Wall Street Journal  |  Mar 3, 08 4:10 PM CST

      Goldman Analysts Warn of Next Crisis

      Commercial real estate could be the next victim of the current economic downturn, and if it is, expect it to cause another full-fledged crisis, the Wall Street Journal reports. Commercial real estate values could fall as much as 26% over the next 2 years, Goldman Sachs analysts predict, leading to another round of huge write-offs and creating "a significantly longer tail than subprime." More »

  • January 2008

    • Goldman Predicts Recession

      newser  |  NPR  |  Jan 10, 08 12:31 PM CST

      Goldman Predicts Recession

      Goldman Sachs is predicting that the economy will slide into a recession this year—which has Wall Street worried, because Goldman’s been right about everything else. The investment firm forecasts a mild pullback extending over two quarters, driving up already-growing unemployment. “If we don't get job growth we don't get income growth, we don't get consumer spending, and we do get a recession,” another firm’s economist told NPR. More »

      Tags

      US economy  • Federal Reserve  • recession  • inflation  • Goldman Sachs  • unemployment  • interest rate cut  • consumer spending

  • December 2007

    • Goldman Sees Bigger Losses for Big Banks

      newser  |  Wall Street Journal  |  Dec 27, 07 10:24 AM CST

      Goldman Sees Bigger Losses for Big Banks

      Goldman Sachs has some bad news for Citigroup, Merrill Lynch, and JPMorgan Chase: An analyst predicts even bigger fourth-quarter writedowns for all three firms than they've already cottoned to, thanks to continued exposure to collateralized debt. The losses will be “significantly larger than investors are anticipating.” How large is that? Try a combined $33.6 billion, the Wall Street Journal reports.   More »

      Tags

      credit crisis  • Citigroup  • Merrill Lynch  • JPMorgan Chase  • Goldman Sachs  • bank

    • Goldman Sachs Awards CEO $68M Bonus

      newser  |  MarketWatch  |  Dec 21, 07 8:07 PM CST

      Goldman Sachs Awards CEO $68M Bonus

      Goldman Sachs gave CEO Lloyd Blankfein a $67.9 million bonus for 2007, believed to be one of the largest such payouts in history, MarketWatch reports. The bonus includes $26.8 million in cash and $41.1 million in stocks. Goldman succeeded this year while rivals foundered in the subprime morass; CEOs at poor-performing Morgan Stanley and Bear Stearns did not receive bonuses for 2007. More »

      Tags

      Wall Street  • Goldman Sachs  • Morgan Stanley  • CEO  • investment bank  • bonuses

    • Stocks Climb After Rough Day

      newser  |  Wall Street Journal  |  Dec 18, 07 3:40 PM CST

      Stocks Climb After Rough Day

      The market was up and down all day today as investors divided on whether to applaud cash injections and welcome good earnings reports or fret over bad housing numbers and inflation concerns. The Dow ultimately climbed 65.27 to 13,232.47, the Nasdaq added 21.57 to 2,596.03 and the S&P tacked on 9.08 to 1,454.98. More »

      Tags

      S&P 500  • Nasdaq  • inflation  • Goldman Sachs  • Best Buy

    • Credit, Economy Bring M&A Action to a Crawl

      newser  |  Bloomberg  |  Dec 18, 07 11:40 AM CST

      Credit, Economy Bring M&amp;A Action to a Crawl

      The slowing economy and financing costs that have more than doubled since June because of the subprime collapse could ice the pace of mergers and acquisitions in 2008, Bloomberg reports. After a record $3.9 trillion in deals in 2007, analysts predict transaction value could plummet 20%. "The mega-LBO is dead,'' says an ABN Amro takeover expert. More »

      Tags

      subprime mortgages  • mergers and acquisitions  • JPMorgan Chase  • Goldman Sachs  • Bank of America  • LBOs

    • Goldman Earnings Hit Record

      newser  |  Bloomberg  |  Dec 18, 07 9:25 AM CST

      Goldman Earnings Hit Record

      Still sitting pretty above the subprime fray, Goldman Sachs trumped estimates today and reported a 2% jump in profits in the fourth quarter, breaking the annual profit record for the fourth straight year. Goldman shorted subprime mortgages, profiting from the disaster that sank competitors, and in the quarter actually boosted its revenue from mortgage securities, Bloomberg reports. More »

      Tags

      subprime mortgages  • Goldman Sachs  • earnings reports  • investment bank

    • Debut of New Goldman Hedge Fund May Break Record at $10B

      newser  |  Bloomberg  |  Dec 17, 07 5:55 PM CST

      Debut of New Goldman Hedge Fund May Break Record at $10B

      Goldman Sachs will launch a new stock hedge fund next month with as much as $10 billion, making it the biggest hedge fund debut in industry history, Bloomberg reports, and Goldman's first in-house fund of its kind. The fund, Goldman Sachs Investment Partners, will be run by two Goldman department heads, with a staff of 40 from the proprietary equity division. More »

      Tags

      hedge fund  • Goldman Sachs  • investing

    • Stagflation Jitters Sink Stocks

      newser  |  Wall Street Journal  |  Dec 17, 07 3:29 PM CST

      Stagflation Jitters Sink Stocks

      The markets resumed last week’s downward spiral today, with the Dow diving 172.65 to 13,167.20 despite typically buoying news of major deals. The Nasdaq slid 61.28 to 2,574.46 and the S&P closed at 1,445.90, down 22.05. Alan Greenspan said he foresees a 50-50 chance of recession and warned of stagflation, the Journal reports. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • Goldman Sachs  • Alan Greenspan  • stagflation

Stories 1 - 20 of 59

<< Prev 1 2 3 Next >>

Today's Most Popular

Loading...

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »