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Digital cameras are regaining popularity among Gen Z, who seek authentic, unfiltered experiences. Profits from digital cameras are projected to grow by $1.4 billion between now and 2028. But things may have come full circle because digital cameras are back for Gen Z. AdvertisementLike Facebook albums but coolerDespite plummeting between 2018 and 2021, profits from digital cameras in the electronics industry since then have been steadily increasing. Business Insider's Amanda Krause named digital cameras one of the "quiet status symbols" you will likely see everywhere in 2024.
Persons: Gen Z, Zoomers, , Amanda Krause, Gen Zers, Khurram, Hermione Whitehead, Whitehead, Kellie Whitehead, Hermione's, Kellie, Sharmin, Z's, It's, Greg Morrison Organizations: Service, Facebook, Gen, Revenue, Olympus, Bryant University, MXML, Zoomers Locations: Germany
Maddy Lane, a Gen Z TikToker, shared what it's like in a recent video, showing the detritus of her latest haul all over her bed. A survey of 1,000 people from January by the digital analytics platform Quantum Metric found that 64% of Gen Z respondents were buying more than they did last year. Contradictory to Gen Z beliefsCheap clothing hauls do not sit well with the much-discussed Gen Z passion for environmentalism. AdvertisementGaby Mendes, a Zoomer and founder of Talk Twenties, a media and events company for Gen Z, told BI she tries to avoid fast fashion but has her lapses. Gen Z was dubbed the "Depop generation" by Vogue Business, and makes up 90% of the app's user base.
Persons: , Maddy Lane, Lane, Zers, ThredUp, Gen, TikTok, pang, Melanie Parncutt, Parncutt, Gaby Mendes, Gen Z, JADE GAO, Siena Barry, Taylor, There's Organizations: Service, Business, Bryant University, Otter Public Relations, Vogue Business, Barry Locations: cardigan
Investors shouldn't return to China, no matter how cheap it appears, Goldman Sachs Wealth Management CIO said. The CIO said China's reported 5.2% growth in 2023 should be considered "not real." "All our clients are asking us that question, given how cheap China appears, people inevitably say, well, has it discounted the worst news?" Mossavar-Rahmani added that there is skepticism around China's 5.2% growth last year, adding that it is likely "it was actually a lot weaker." "We really don't have a good grasp of what growth was last year, or what growth will be this year."
Persons: Goldman, China's, , Sharmin, Rahmani Organizations: Goldman Sachs Wealth Management, Service, Goldman Sachs Wealth, Bloomberg Locations: China
Wall Street's rocky start
  + stars: | 2024-01-16 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn today's big story, we're looking at how there are still plenty of risks in the market despite big expectations. What's on deck:Chip Somodevilla/Getty ImagesOne of the best indicators of the year ahead comes from banks' Q4 earnings. BI's finance team has a roundup of the biggest Wall Street firms' earnings reports and what it means for their hiring plans.
Persons: Donald Trump, Vivek Ramaswamy, , Chip Somodevilla, BI's Michelle Abrego, Rebecca Ungarino, Kevin O'Leary, Mark Davis, Goldman, Sharmin, Rahmani, Morgan, Steve Cohen, Sundar Pichai, Boris Streubel, Rebecca Zisser, Apple, Mike Katz Organizations: Republican, GOP, Service, Citi, JPMorgan, BlackRock, Staff, Getty, Goldman Sachs Wealth, New York Mets, Google, Hertz, Business, Bloomberg Locations: Iowa, Google's Berlin, San Diego, Austin
This analogy was the segue into Goldman Sachs' 2023 mid-year investment outlook. "Do not change lanes unnecessarily," said Sharmin Mossavar-Rahmani, head of the investment strategy group and chief investment officer of wealth management at the firm. Historically, when stocks draw down 20% or more, returns are favorable in the following 12 and 24 months, she added. "What is really fascinating when you've had this kind of narrow breadth, the market actually continues to rally," Mossavar-Rahmani said. On the one hand, private sector balance sheets remain healthy, prices in the global housing market remain stable due to an undersupply, and there has been a gradual recovery in the services sector.
Persons: Goldman Sachs, Robert Tibshirani, Sharmin, Jan Hatzius, you've, Rahmani, Hatzius, it's, Julian Salisbury, Salisbury Organizations: Drivers Locations: China, Salisbury, Banks
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs' Mossavar-Rahmani: The potential for earnings to grow mid-single digit is very highSharmin Mossavar-Rahmani, head of the investment strategy group at Goldman Sachs, joins 'Squawk Box' to discuss the market and her outlook for the rest of 2023.
Watch CNBC's full interview with Goldman Sachs' Mossavar-Rahmani
  + stars: | 2023-02-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Goldman Sachs' Mossavar-RahmaniSharmin Mossavar-Rahmani, head of the investment strategy group at Goldman Sachs, joins 'Squawk Box' to discuss Friday's jobs report, how investors can have the proper strategic allocation, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs' Mossavar-Rahmani: Investors should position neutrally but stay investedSharmin Mossavar-Rahmani, head of the investment strategy group at Goldman Sachs, joins 'Squawk Box' to discuss Friday's jobs report, how investors can have the proper strategic allocation, and more.
Goldman Sachs says 2023 should be a decent year for stocks even if there's a recession. The firm's investment strategy group discussed its multi-asset views this week. The simultaneous nosedive in stocks and bonds last year doesn't debunk the theory behind the traditional 60-40 portfolio, according to Goldman Sachs. But Sharmin Mossavar-Rahmani, the head of the Investment Strategy Group (ISG) at Goldman Sachs, says that it's not that unusual for stocks and bonds to move in the same direction. In fact, he noted that if a recession begins and ends in 2023, stocks may not have a bad year.
NEW YORK, Jan 13 (Reuters) - Goldman Sachs Investment Strategy Group expects U.S. equities to generate positive returns for investors in 2023 even if the economy enters a recession, according to its outlook report released on Friday. The bank's wealth management team expect the benchmark S&P 500 (.SPX) to end 2023 at between 4,200 and 4,300 points, up to 12% higher than its 2022 year-end level. Last year, the S&P fell 19.4% in its worst year since 2008, reflecting higher interest rates and recession fears. Goldman Sachs's team also considers indexes in Europe, Japan, Britain and emerging markets will deliver gains to investors this year. They said there is a "fog of uncertainty still facing investors", but overall the outlook seems more positive for both equities and bonds.
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