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☆ Meet the typical immigrant worker who's recently come to the US: A young man working in construction or food services making under $40,000 a year
▼ + stars: | 2024-04-16 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +5 min

Read previewNearly three million more Americans are working than they were in January 2020, but the number of US-born workers has barely budged. Roughly 64% of these recent immigrants were working or looking for work, compared to 62% of US-born workers. Over 16% of recent immigrants worked in the construction industry, compared to 6.4% of US-born workers. Roughly 17% of immigrants worked in the professional and business industry, compared to 12% of US-born workers. AdvertisementAbout 12% of recent immigrants worked in the accommodation and food services industry, compared to 7% of US-born workers.

Persons: —, Goldman Sachs Organizations: Service, of Labor Statistics, Business Locations: Mexico, New York, Chicago, US, South America, Central America, Florida , California , Texas, New Jersey , Illinois , Massachusetts, Georgia

☆ These are Goldman's top tactical stock picks going into earnings season
▼ + stars: | 2024-04-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Analysts expect the S & P 500 to have a year-over-year earnings growth rate of 3.2%, FactSet data shows. If that's the case, it would mark the third consecutive quarter of earnings growth. The reporting period could also be a good time for tactical opportunities in the stock market. The bank also expects these names to see sharp moves after posting earnings, based on what the options market shows. The options market implies a 4.1% move for Nasdaq on after the April 25 report is released.

Persons: Goldman Sachs, John Marshall, Goldman, Lizzie Dove, Per Goldman, Toshiya Hari Organizations: JPMorgan Chase, Citigroup, Royal Caribbean Cruises, Nasdaq, Semiconductor, Broadcom Locations: Wells, China, Asia

☆ This Goldman portfolio of lean and mean stocks has trounced the market the last 2 decades
▼ + stars: | 2024-03-04 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Semiconductor giant Nvidia has an asset intensity ratio of just 0.5, according to Goldman. NVDA 1Y mountain Nvidia shares over the last year Another chipmaker in the basket is Broadcom . Match Group has a 0.3 asset intensity ratio. The company has an asset intensity ratio of 0.4. All but two of the 19 analysts who cover Live Nation rate it a strong buy or buy, per LSEG.

Persons: Goldman Sachs, Goldman, Jenny Ma, Ma, LSEG, — CNBC's Michael Bloom Organizations: Semiconductor, Nvidia, Broadcom, chipmakers Micron Technology, Intel, Telecommunication, Verizon, Mobile

☆ Want to know why younger generations seem so pissed? Look at the housing market.
▼ + stars: | 2023-06-04 | by ( Matt Turner | ) www.businessinsider.com time to read: +6 min

But the biggest issue is probably a housing market that simply feels unfair. From a shaky economy to student debt, to general inflation and spiking healthcare costs, there's lots to be worried about. "One was the long, weak labor market in the wake of the Great Recession, and the other is how badly the housing market functions." When you look at the housing market, it's particularly grim right now. But while Americans have different health situations (and lifestyles and levels of student debt), all of them live somewhere.

Persons: Gen Zers, —, Zers, Josée Rose, there's, Matt Yglesias, Phil Rosen, Goldman Sachs, James Rodriguez, Pew, John Myers, Ben Southwood, Sam Bowman, homebuyers Organizations: Service, Deloitte, TIAA Institute, Federal Reserve Bank of New, Mortgage, Association, Commonwealth Fund Locations: Federal Reserve Bank of New York, New York, isn't

HONG KONG, May 2 (Reuters Breakingviews) - Money flowing into the People's Republic is getting uncomfortably hot. Yet recent reversals in New York, Hong Kong and Shanghai suggest that is driven by fickle short-term funds – exactly what Beijing doesn’t want. Reuters Graphics Reuters GraphicsFollow @mak_robyn on TwitterCONTEXT NEWSChinese spirit maker ZJLD shares closed down 18% lower than their initial public offering price on their trading debut April 27. The KKR-backed company raised $676 million in what was the biggest offering in Hong Kong since October 2022. Separately, the Ontario Teachers' Pension Plan, Canada's third largest pension fund, closed down its China equity investment team based in Hong Kong, Reuters reported on April 25, citing sources.

HONG KONG, Nov 28 (Reuters Breakingviews) - Protests across China underscore a rising fear among people that President Xi Jinping’s stringent pandemic restrictions may be here to stay. Still, new daily cases hit over 40,000 on Nov. 27. Cities accounting for 65% of the country's GDP are under some sort of lockdown as of Friday, per Goldman Sachs analysts. Any end to the near-daily mandatory Covid tests and strict quarantine rules will be bumpy due to a huge unvaccinated population. As of November, about 27 million citizens aged 60 and above have not been jabbed against Covid, Breakingviews calculated from official data, and another 36 million elderly people have yet to receive their second dose.

☆ Goldman Sachs' inflation picks — 10 stocks to buy if prices are peaking
▼ + stars: | 2022-12-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Here are 10 of those names: Two pharma biotech companies made the cut, including Viatris , which has the highest earnings yield on the list. In the banking space, KeyCorp is among the names that should fare well, according to Goldman Sachs. Also on the list is Microchip Technology , which has an 8% earnings yield and 4% estimated earnings growth in 2023. Lastly, Molson Coors Beverage should also outperform amid decelerating inflation, according to Goldman. Molson Coors has an 8% yield and it's estimated earning growth for 2023 is 6%, per Goldman.

HONG KONG, Oct 17 (Reuters Breakingviews) - President Xi Jinping has just made clear that he has bigger worries than the flagging economy. He opened the twice-a-decade Communist Party Congress on Sunday with a speech more focussed on national security and stability than in the past. That means state-led, inward-looking policies like self-sufficiency and zero-Covid will trump economic growth. Follow @ywchen1 on TwitterCONTEXT NEWSPresident Xi Jinping on Oct. 16 delivered a two-hour-long speech on the opening day of the 20th National Congress of the Communist Party of China. Register now for FREE unlimited access to Reuters.com RegisterEditing by Antony Currie and Thomas ShumOur Standards: The Thomson Reuters Trust Principles.

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