Goldman Sachs argued that the artificial intelligence (AI) trade that Wall Street has been riding for the past 18 months has come under increased scrutiny of late as market participants are starting to show some concerns. The investment bank, in an updated research note on Wednesday, said investors were skepticalContinue Reading
Michael M. Santiago/Getty Images News Seaport Research Partners analysts are downgrading The Goldman Sachs Group Inc. (NYSE:GS) from “buy” to “neutral.” Senior Analyst Jim Mitchell wrote in a Diversified Financials report that this downgrade is “primarily driven by valuation.” The Goldman Sachs Group Inc.’s (GS) estimated EPS went from 3%Continue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures climbed ~2% to two-month highs Monday in anticipation of rising demand in the Northern Hemisphere’s summer driving season and worries that conflict in the Middle East could spread and reduce global oil supplies. A drone attack from Hezbollah injured 18 Israeli soldiers onContinue Reading
thamerpic/iStock Editorial via Getty Images U.K. asset manager Legal & General Investment Management said Wednesday it will sell some of its Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) shares because of concerns about its production of thermal coal. LGIM said its decision followed last year’s shareholder resolution at Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) that requested theContinue Reading
