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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere probably won't be 'huge market moves' heading into Indian elections: Goldman SachsSunil Koul of the investment bank cites expectations of policy continuity as a factor.
Persons: Goldman Sachs Sunil Koul
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs strategist: We're positive on Indian stocks, bonds and the rupeeSunil Koul of the investment bank discusses the outlook for the Indian market.
Persons: Goldman Sachs, Sunil Koul
More than 5,500 tech layoffs less than two weeks into 2024The latest rounds of tech job cuts are occurring across a range of roles and in both Big Tech companies and smaller startups. There were some 262,682 tech industry layoffs recorded in 2023, per Layoffs.fyi data, after 164,969 cuts the previous year. Against that backdrop, the tech industry went on a remarkable hiring spree. Disparate impacts of tech job cuts come under scrutinyAs the tech industry layoffs continue, labor advocates and even lawmakers are taking notice. “Recent findings have consistently shown that minorities and women are vastly overrepresented in industry layoffs,” the letter said.
Persons: Roger Lee, Lee, Dropbox, Goldman Sachs, Parul, Koul, , Emanuel Cleaver, Missouri, Barbara Lee of, Julie Su Organizations: CNN, Big Tech, Tech, Google, Unity Software, , Chegg, IBM, Alphabet Workers, CWA, Democratic, American, Labor, Department of Labor Locations: Silicon Valley, Barbara Lee of California
As of last month, the Canadian government says more than 6,000 U.S. H-1B visa holders had arrived in Canada so far this year. That's after massive layoffs left high-skilled foreign H-1B holders in limbo. The H-1B program targets highly educated and specialized foreign workers in fields such as tech and health care. The study also shows that Canada now has 1.1 million tech workers, and Toronto and Vancouver ranked among the top 10 tech cities in the U.S. and Canada. To learn more about how Canada is targeting H-1B visa holders, watch the video.
Persons: Annie Beaudoin, Harnoor Singh, Frederick Anokye, Kubeir Kamal, I'm, Marc Miller wasn't Organizations: Google, Microsoft, Meta, Apple, U.S . Citizenship, Immigration Services, Micron, College of Immigration, Citizenship, Canada's Tech, Vancouver, Canadian Locations: Canada, Canadian, U.S, India, Ghana, Toronto
Goldman Sachs is positive on a number of Asian markets right now, despite what it expects to be a "subdued" third quarter of the year. He told CNBC's "Street Signs Asia" last week that he's positive on Japan, Korea and China in particular. Goldman expects 24% earnings-per-share growth over the next three years, driving its prediction that Japan's Topix index will reach 2,500, a nearly 8% increase from Monday's close. In South Korea, Goldman expects a profit recovery driven by a "positive inflection" in DRAM pricing. The following six stocks all appeared on the screen and are on Goldman's conviction list of top buy-rated stocks:
Persons: Goldman Sachs, Sunil Koul, CNBC's, Koul, there's, Goldman Organizations: Asia Pacific, Nikkei, Shenzhen Component Locations: Japan, Korea, China, Shanghai, Shenzhen, South Korea, Asia, Pacific
That's despite Indian stocks already soaring, with the country's benchmark indexes BSE Sensex and Nifty 50 soaring to new record highs on Friday, according to Refinitiv data. He said that Indian stocks have a 16% compound annual return over the last 20 years in local currency terms, and 13% in dollar terms. It also has a high proportion of what Goldman analysts dub "multibagger" stocks, according to Koul. Goldman Sach screened 25 large-cap Indian stocks for those with an attractive growth and valuation profile. Four banks meet its criteria: HDFC Bank , ICICI Bank , State Bank of India and Kotak Mahindra Bank.
Persons: Goldman Sachs, Sunil Koul, CNBC's, Koul, That's, Goldman, Banks, Goldman Sach, Larsen, Toubro, — CNBC's Michael Bloom Organizations: Asia Pacific, CNBC, HDFC Bank, ICICI Bank, State Bank of India, Kotak Mahindra Bank, U.S . Global, SBI, UltraTech, Growers Locations: India, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs strategist says this market is the 'most fertile ground' for picking stocksGoldman Sachs' Sunil Koul says the amount of interest from global investors on India is "off the charts" right now. He also believes this market is the "best structural story" in emerging markets.
Persons: Goldman Sachs, Sunil Koul Locations: India
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're positive on both onshore and offshore Chinese markets: Goldman SachsSunil Koul of the investment bank discusses the factors that will lend support to Chinese stock markets.
A man who rates Google search results told the LA Times he makes $3 less than his daughter who has a fast food job. "There are times that I have seen some of the graphic content replayed in my dreams," Stackhouse told the Times. Stackhouse didn't tell the Los Angeles Times how much his daughter makes or what her role at her fast food job is. Four Sama workers told Time they were paid $2 or less per hour. Sama also works with Google and Microsoft, and told Time it would stop working with graphic content by March 2023.
Google employees are scrambling for answers from leadership and from colleagues as the company undergoes a massive layoff. On Friday, Alphabet -owned Google announced it was cutting 12,000 employees, roughly 6% of the full-time workforce. Some of the laid-off employees had been long-tenured or recently promoted, raising questions about the criteria used to decide whose jobs were cut. The company provided an FAQ for the layoffs, which CNBC has seen, but employees have complained that it doesn’t give much detail on many answers. The scramble highlights the challenges Google could face in maintaining a supportive and productive company culture for its restive workforce of more than 160,000 full-time employees.
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