Goldman Sachs says next phase of market rally to see higher volatility| Business News

Interest-rate cuts by the Federal Reserve and firm growth should extend the economic cycle and support risk assets, though the next phase may be choppier, according to Goldman Sachs Group Inc. strategists. The logo for Goldman Sachs is seen. (Reuters) “Sturdy global growth coupled with non-recessionary Fed cuts should be positive for global equities, but […]

Goldman Sachs turns ‘overweight’ on Indian stocks as growth outlook improves| Business News

Goldman Sachs Group Inc. has turned overweight on Indian stocks, expecting government policies and improving corporate earnings to help the nation’s $5.4 trillion market catch up with Asian peers. The National Stock Exchange building in Bandra Kurla Complex, Mumbai. (Livemint) The Wall Street bank expects the NSE Nifty 50 Index to reach 29,000 by end-2026, […]

Goldman Sachs warns staff of more layoffs as AI saves costs| Business News

Goldman Sachs Group Inc. told staffers to expect an additional round of layoffs this year as the bank seeks further savings across its businesses and takes advantage of the opportunities presented by Artificial Intelligence. Goldman Sachs’ headcount was 48,300 at the end of September, about 1,800 more employees than at the end of last year. […]