Goldman Sachs $GS forecasts that the oil-producing alliance OPEC+, which includes major exporters such as Saudi Arabia and Russia, will raise its output by 410,000 barrels per day (bpd) in August. The projection, published in the bank's latest research note, follows the group’s decision on Saturday to increase July production by the same volume, signaling a clear intent to regain market share and exert pricing discipline on downstream refiners.
Former Goldman Sachs $GS.NE banker Tim Leissner was sentenced to two years in prison by a New York court for his pivotal involvement in one of the largest financial scandals in recent history—the 1Malaysia Development Berhad (1MDB) case. This multibillion-dollar corruption scandal spanned multiple continents and implicated high-ranking officials, including former Malaysian Prime Minister Najib Razak, as well as top executives at Goldman Sachs.
Goldman Sachs Group Inc. $GS, one of the world's largest banks, has made the decision to close its ETF Accelerator platform. This initiative was designed to assist asset managers in launching and managing exchange-traded funds (ETFs). A significant aspect of this decision is the transfer of duties related to the servicing of trusts, holding investment products valued at approximately $5 billion, to Tidal Financial Group.
Goldman Sachs Group Inc. $GS has announced key leadership changes in its mergers and acquisitions (M&A) division across Asia and Japan. The internal appointments of Sushil Bathija and Vikram Chavali signal the bank’s strategic emphasis on reinforcing its deal-making capabilities in a region that continues to offer dynamic growth opportunities despite global economic headwinds.
In the first quarter, Goldman Sachs experienced a 15% increase in earnings, largely driven by traders who skillfully leveraged market volatility. This impressive short-term performance comes at a time when economic forecasts indicate potential challenges ahead. Despite achieving record profits from equity trading, Goldman Sachs’ CEO has warned of a more difficult future marked by economic uncertainty, inflation concerns, and the risk of recession triggered by trade tariffs.
Recently, financial markets have seen an increasing interest in gold as an investment asset. Goldman Sachs Group Inc. and UBS Group AG have released their forecasts for the further rise in prices for this precious metal, emphasizing its growing role amid global economic uncertainty and increasing demand from central banks.
As the year draws to a close, Goldman Sachs anticipates a decline in oil prices driven by growing economic risks and increased oil supply from OPEC+. With mounting tensions on the global stage and an elevated risk of recession, the bank’s analysts are closely monitoring the dynamics of energy markets.
The recent drop in oil prices has become a significant factor that could dramatically change the financial landscape of Saudi Arabia and its ambitious economic goals. Predictive analytics from Goldman Sachs project that the kingdom’s budget deficit may reach $67 billion this year. This figure is more than double the government's initial expectations for the end of 2025 and poses additional challenges for Crown Prince Mohammed bin Salman.
Recent changes in the financial landscape of the United States have caused significant unrest among investors. In particular, analysts from major financial institutions such as BlackRock and Goldman Sachs have expressed their views on the potential consequences for the stock market. This article examines expert opinions and current trends in the stock markets.
The Chinese economy has once again emerged as a focal point in the global arena due to recent developments on the international trade front. The imposition of new tariffs on Chinese goods, as announced by U.S. President Donald Trump, caught not only global analysts but also Chinese policymakers off guard. Goldman Sachs, one of the world's leading financial institutions, highlighted in its report on Sunday that these tariffs will result in a significant reduction of China’s GDP growth by at least 0.7 percentage points this year.
Goldman Sachs Group Inc. has released a new forecast suggesting that the Japanese yen could rise to 140 yen per dollar this year. This announcement comes amidst growing concerns about economic growth in the United States and rising trade tariffs, which have heightened interest in safe-haven assets.
Recent research analysis from Goldman Sachs has led to an updated gold price forecast, raising the expected ounce price to USD 3300 — up from the previous USD 3100. This adjustment comes amid a stronger-than-anticipated inflow into exchange-traded funds (ETFs) and persistent demand from central banks.
