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☆ Wall Street's hottest career move: the volatile, lucrative world of private credit
▼ + stars: | 2023-09-18 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +8 min

So it's no wonder that through the past couple of years, working on and around private credit deals has become Wall Street's career du jour. Private credit is most often floating-rate debt — that is, debt where interest rates rise in concert with rate hikes. 'Unheard of' salaries, while risks abound in the marketIt's worth noting what private credit is: we're talking about debt and loans. "For most of my career, attracting new attorneys to private credit was a challenge. Proskauer's private credit group now has 90 lawyers, 24 of whom are partners, working full-time on private credit.

Persons: that's, Marc Rowan, Marc Lipschultz, Goldman Sachs, Paul Heller, Hannah Robb, Robb, It's, Cliffwater, Heller, Caldwell, Banks, Carlyle, Blackstone, Marco Acerra, Spencer Stuart, it's, Acerra, Richard Fernand, Nicholas Kalogeropoulos, Sam Iles, I've, Mike Mezzacappa, Evan Palenschat, Robert Lewin Organizations: Blackstone, Partners, CFA Institute, Columbia Business School, Wall Street, Alpha FMC, Barclays, Goldman Locations: New York

☆ ChatGPT generates cancer treatment plans that are full of errors, study shows
▼ + stars: | 2023-08-25 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

Study finds that ChatGPT provided false information when asked to design cancer treatment plans. The chatbot mixed correct and incorrect information together, making it harder to decipher. Researchers at Brigham and Women's Hospital – a teaching hospital of Harvard Medical School in Boston, Massachusetts – found that cancer treatment plans generated by OpenAI's revolutionary chatbot were full of errors. AdvertisementAdvertisementDespite ChatGPT's success, generative AI models are still prone to "hallucinations," where they confidently present information that is misleading or wildly incorrect. The company's terms of usage warn that their models are not designed to provide medical information, and should not be used to "provide diagnostic or treatment services for serious medical conditions."

Persons: ChatGPT, Boston , Massachusetts –, Bloomberg –, Danielle Bitterman, didn't, Goldman Sachs, Google's, Bard, James Webb, OpenAI Organizations: Brigham, Women's, Harvard Medical School, JAMA Oncology, Bloomberg, Comprehensive Cancer Network, Harvard Locations: Boston , Massachusetts

☆ Big-money investors are increasingly bullish on these 8 AI beneficiaries, according to a Goldman Sachs analysis of over 744 hedge funds with a combined $2.4 trillion in equities
▼ + stars: | 2023-08-23 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Hedge funds' top holdings have performed much better this year than in 2022 or 2021. Here are eight artificial intelligence beneficiaries that hedge funds are gravitating toward. The heaviest investments from hedge funds recently have been to energy and financials stocks, Snider wrote. 8 AI winners that hedge funds still loveWhile hedge funds haven't turned their back on tech, it may appear that way at first glance. Along with each is its ticker, industry, the number of hedge funds that owned it in December 2022 and June 2023, and the increase in the number of hedge funds that owned the stock in that span.

Persons: Goldman Sachs, Goldman Sachs Goldman Sachs, Ben Snider, Snider, they're, Russell, they've, haven't, it's Organizations: Microsoft, Nvidia, Goldman Sachs Research, Apple

☆ Goldman Sachs: These 72 non-tech companies are setting themselves up to be the unexpected winners of the AI revolution and enjoy an earnings boost for the next 20 years
▼ + stars: | 2023-08-21 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Companies encouraged investors to focus on artificial intelligence on Q2 earnings calls. These 72 companies outside of the technology sector touted AI in Q2, according to Goldman Sachs. Though some market commentators think that AI hype has gone too far, Goldman Sachs agrees with its peers that the enthusiasm is well-founded. That's reflected by a surge of mentions of AI by firms of all types on Q2 earnings calls, Goldman Sachs researchers recently noted. 72 under-the-radar AI winnersAfter poring over earnings call transcripts, Goldman Sachs researchers found that executives disproportionately discussed three topics: AI, economic growth, and sales growth drivers.

Persons: Goldman Sachs, David Kostin, that's, Goldman Sachs Goldman Sachs, they're Organizations: Companies, Management

☆ Goldman Sachs says India will overtake the U.S. to become the world's second-largest economy by 2075
▼ + stars: | 2023-07-10 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Wolfgang Kaehler | Lightrocket | Getty ImagesIndia is poised to become the world's second-largest economy by 2075, leapfrogging not just Japan and Germany, but the U.S. too, says Goldman Sachs. "Over the next two decades, the dependency ratio of India will be one of the lowest among regional economies," said Goldman Sachs Research's India economist, Santanu Sengupta. Sengupta added that the key to drawing out the potential of India's rapidly growing population is to boost the participation of its labor force. The Achilles heel to the bank's projection is the labor force participation rate — and whether it increases at the rate which Goldman projects. "The labor force participation rate in India has declined over the last 15 years," the report noted, underlining that women's participation rate in the labor force is "significantly lower" than men's.

Persons: Taj, Wolfgang Kaehler, leapfrogging, Goldman Sachs, Santanu Sengupta, Sengupta, Goldman, Downside Organizations: Lightrocket, Getty, India, U.S, Tech, Employees, Bloomberg, Nurphoto Locations: Japan, Germany, U.S, India, China, Nasscom, Greater Noida, piecework, Nagaland, Nurphoto

☆ Why Japan is lagging behind in generative A.I. — and how it can create its own large language models
▼ + stars: | 2023-07-07 | by ( Audrey Wan | ) www.cnbc.com time to read: +7 min

But the nation is lagging behind in the generative AI race and is trying to create its own large language models. Generative AI has been the trendiest topic in tech since OpenAI made waves with its chatbot ChatGPT. Key to generative AI development are large language models which underpin the likes of ChatGPT and Baidu's Ernie Bot, capable of processing vast data sets to generate text and other content. Japanese companies pursuing generative AIBig Tech players have also joined the fray to boost Japan's standing in generative AI. While it has yet to catch up in the generative AI space, Japan is making its first stride with these private sector efforts.

Persons: Goldman Sachs, Ernie Bot, Noriyuki Kojima, Kojima, Fumio Kishida, Sam Altman, Masayoshi, Son, Amir Anvarzadeh, Anvarzadeh, CyberAgent, Bloom Organizations: Getty, Japan, Technology, Reuters, Microsoft, Google, Ministry of Economy Trade, Industry, IMD, Nikkei, Tokyo Institute of Technology, Tohoku University, Fujitsu, Riken, Japanese, Big Tech, SoftBank Group, SB Energy, Toyota Tsusho, Fortress Investment, Vision Fund, Asymmetric Advisors, NTT, Local Locations: Japan, China, Europe, Nikkei Asia, Government, Tohoku, Hokkaido, SoftBank

☆ 5 ways AI could change your job, including making it more interesting and helping to convince your boss to let your work from home
▼ + stars: | 2023-06-27 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Insider asked several experts in AI, economics, and remote work about the multitude of ways Americans' working lives could be impacted by AI moving forward. AI could eliminate some jobs and boost competition for those that remainGenerative AI technologies like ChatGPT will likely create some jobs and replace others. But for companies with leadership that has this concern, AI productivity gains could help them forget about some of their remote work "productivity paranoia" — a factor that in theory, could help remote work persist at some businesses. "So I think the biggest AI impact will be a ton of fully remote jobs like data-entry, payroll etc going to AI." Added Frey: "Any technology that increases productivity, ChatGPT included, makes a shorter workweek more feasible."

Persons: —, there's, Goldman Sachs, Mark Muro, Carl Benedikt Frey, coders, Frey, Oded, Muro, Nick Bloom, Columbia's Netzer, Michael Chui Organizations: Service, Brookings Institution, Columbia Business School, Workers, Microsoft, New York Fed, Companies, Stanford, McKinsey Global Institute Locations: Oxford

☆ Market moves may ramp up as debt ceiling deadline approaches, says Goldman's Alec Phillips
▼ + stars: | 2023-05-15 | 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 EmailMarket moves may ramp up as debt ceiling deadline approaches, says Goldman's Alec PhillipsAlec Phillips, chief U.S. political economist at Goldman Sachs Research, and CNBC's Kayla Tausche join 'The Exchange' to discuss ongoing debt ceiling negotiations, President Biden's plans to meet with Congress, and the odds of a temporary debt ceiling extension.

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.

☆ Goldman Sachs says these 'compelling' stocks are earnings season winners
▼ + stars: | 2023-04-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Sifting through the flood of financial reports this week, Goldman Sachs analysts have named a slew of stocks poised for more growth ahead. Constellation Brands Shares of the beer and wine maker are just too attractive to ignore, the firm said. Braze "Long-term fundamentals are intact," analyst Gabriella Borges said of the cloud software marketing company. Braze shares are up more than 7% this year, after coming off of a better-than-expected fiscal fourth-quarter report . Importantly, the company raised its full year outlook at the high end of prior range, with ~8% net sales growth and ~11% adj.

☆ Goldman Sachs says these are its top picks heading into quarterly earnings
▼ + stars: | 2023-04-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Earnings season is off and running and Goldman Sachs has named a host of stocks to buy ahead of the companies' quarterly reports. CNBC Pro combed through Goldman Sachs research to find stocks to own as first-quarter earnings kick off. They include Tesla, Boeing, CBRE , T-Mobile and Logitech. CBRE Group Goldman is standing by its buy rating on the real estate investment firm, even as lending standards tighten following the recent bank crisis. T-Mobile The wireless provider is Goldman's favorite growth stock, and favorite pick overall, the firm said in a recent earnings preview note to clients.

☆ Goldman Sachs: We expect almost no profit growth in most markets – apart from one
▼ + stars: | 2023-03-31 | 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 EmailGoldman Sachs: We expect almost no profit growth in most markets – apart from oneHead of Asset Allocation at Goldman Sachs Research, Christian Mueller-Glissman, discusses profit forecasts for the year ahead.

☆ Goldman Sachs: Confidence in banks has been lost because of plumbing issues
▼ + stars: | 2023-03-30 | 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 EmailGoldman Sachs: Confidence in banks has been lost because of plumbing issuesThe Head of Asset Allocation Research at Goldman Sachs Research, Christian Mueller-Glissman, discusses banking confidence and companies having to rethink their business models.

☆ AI will eventually free people up to 'work when they want to,' ChatGPT investor predicts
▼ + stars: | 2023-03-30 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

The future of AI could "free humanity" from work, according to OpenAI investor Vinod Khosla. "This large transformation is the opportunity to free humanity from the need to work. People will work when they want to work on what they want to work on," Khosla told Semafor. Back in 2014, Khosla told Semafor, he started thinking about a future with AI, even predicting that eventually most media would be created by AI in the future and that AI will disrupt teaching. AI jobs in tech, mathematics, accounting, and communication fields will be especially at risk, the researchers found.

☆ Premarket stocks: Commercial real estate is in trouble. Why you should be paying attention
▼ + stars: | 2023-03-27 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Economists are growing concerned about the $20 trillion commercial real estate (CRE) industry. After decades of thriving growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall. Before the Bell spoke with Xander Snyder, senior commercial real estate economist at First American, to find out. Before the Bell: Why should retail investors pay attention to what’s going on in commercial real estate right now? So the health of the market has an impact on the larger economy, even if you’re not interested in commercial real estate for commercial real estate’s sake.

☆ Goldman Sachs says these stocks are a safe place to hide even in this uncertain market
▼ + stars: | 2023-03-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

"A reopening in China also serves as a catalyst for accelerating revenue growth and upside in IRM's ITRenew business," he wrote. "We believe IRM's pricing power and expanding growth portfolio will drive attractive organic revenue growth," he added. ... Reopening in China also serves as a catalyst for accelerating revenue growth & upside in IRM's ITRenew business. ... IRM's revenue mgmt strategy is translating into healthy storage pricing trends. ... We believe IRM's pricing power and expanding growth portfolio will drive attractive organic revenue growth."

☆ Goldman Sachs says these 8 beaten-up stocks will turn profitable this year — and outperform the market
▼ + stars: | 2023-03-03 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Goldman Sachs has named eight global stocks of companies that will become profitable this year and beat the broader market. In a new research report, the investment bank found that companies that transition from unprofitable to profitable during a market recovery typically outperform the broader market. Goldman Sachs also said stocks of European companies undergoing this transition are already showing signs of outperformance against the Stoxx 600 by 6%. Pan-European classifieds operator Adevinta and Swiss solar power engineering firm Meyer Burger are also expected to turn profitable this year. However, Goldman cautioned that the bank isn't certain the market has reached its bottom, and the trend applies only in a market recovery scenario.

☆ Hong Kong spreads its wings, and its bets
▼ + stars: | 2023-02-23 | by ( Una Galani | ) www.reuters.com time to read: +7 min

HONG KONG, Feb 23 (Reuters Breakingviews) - For a sign that Hong Kong’s recovery is more than wishful thinking, look no further than the city’s Disneyland. The house of Mickey Mouse is implicitly betting Hong Kong will soon be back, and bigger than before. At its core, Hong Kong’s unique selling point is that it’s China-by-proxy for investors; enterprises in the People’s Republic account for 78% of the market capitalisation of Hong Kong’s main boards. Against such a backdrop, it’s logical that Hong Kong is trying to spread its bets. Hong Kong exchange boss Nicolas Aguzin’s pitch is strengthened by a Chinese plan to let overseas companies listed in Hong Kong be included in the Connect programme.

☆ Hedge funds caught in bigger squeeze than 2021 meme stock frenzy - Goldman Sachs note
▼ + stars: | 2023-02-06 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

LONDON, Feb 6 (Reuters) - Hedge funds betting against stocks globally abandoned those trades last week at the fastest pace since 2015, surpassing the speed of their exodus from the meme stock frenzy two years ago, according to a Goldman Sachs research note. The largest short positions held by hedge funds were in industrials and information technology companies, the Goldman note said. It added that hedge funds also exited many long positions in Asian developing markets and Chinese equities. Meanwhile, after stuttering recoveries during a volatile two years, AMC and GME are now trading above their price levels of Jan. 15, 2021 just before the meme stock frenzy began. Resurgent risk appetite among some investors has also fuelled rallies in the shares of so-called meme stocks since the start of this year, though many analysts are sceptical the recent moves will last.

☆ Goldman Sachs: Make these 10 trades right now for a guaranteed profit whether a stock soars or crashes after it reports earnings
▼ + stars: | 2023-01-30 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Volatility has been higher than average for stocks that have already shared Q4 earnings. Goldman Sachs has 10 options trades that will be profitable if stocks suddenly move on earnings day. Goldman Sachs researchers have concocted an investing strategy that's designed to be profitable whether a stock spikes or dives after reporting earnings. A straddle trade is where investors buy both a bullish call option and a bearish put option for the same stock at the same strike price and expiration date. In fact, volatility has fallen year-to-date, according to Goldman Sachs.

☆ Goldman Sachs lays out its strategy for profiting with stocks, bonds, and options in 2023 despite a rocky year — and why investors shouldn't make any big strategy changes
▼ + stars: | 2023-01-16 | by ( Marley Jay | ) www.businessinsider.com time to read: +5 min

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.

☆ Is the US in a recession? Not yet, but experts think we could be in one soon.
▼ + stars: | 2022-12-22 | by ( Madison Hoff | ) www.businessinsider.com time to read: +9 min

Scott Kirby, CEO of United Airlines, told CNBC that there could be a "mild recession induced by the Fed." Here's what experts are saying about a recession in 2023Some Wall Street experts and economists think the US could avoid a recession next year, and that even if one comes, it will likely not be as severe as the downturns after the 2008 financial crisis and the early Covid pandemic. As Insider's Brian Evans reported, economists at Bank of America think there will be a mild recession too. While some think a recession is on the horizon, there's a chance that the US may not enter one at all. "I think we would need to see a significant deterioration in the labor market for me to think we're in a recession, and we have not seen any significant deterioration yet," Bunker said.

☆ Goldman says buy these five stocks in a weakening macro environment
▼ + stars: | 2022-12-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Analysts at Goldman Sachs named a slew of stocks this week that the firm said are well positioned if market conditions deteriorate. They include Yeti, Yum China , Keysight Technologies , Capri Holdings and Taiwan Semiconductor Manufacturing . Yum China Yum China is a stock made for these times, according to analyst Michelle Cheng. Keysight Technologies "Strong results despite weakening macro. Yum China "YUMC delivered a strong margin beat in its 3Q22 results reinforcing its leading execution & business resiliency amid market volatility.

☆ Goldman Sachs: Wait for these 4 signs that the market has hit its bottom before you buy stocks — and keep your money in these 4 other places in the meantime
▼ + stars: | 2022-11-29 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Goldman Sachs expects stocks to be flat in 2023 as growth weakens and interest rates stay high. Stocks have been crushed this year, and Goldman Sachs doesn't see a rebound on the horizon. In fact, the firm is calling for flat returns in the next year as earnings growth weakens. Additionally, rising real yields mean that bonds are now a legitimate alternative to stocks, which has catalyzed a "major valuation reset" for stocks, Mueller-Glissmann wrote. Even if interest rates peak, Goldman Sachs economists don't expect the Federal Reserve to stimulate the economy by cutting interest rates until 2024.

☆ Holiday shoppers aren’t in a rush. What that means for retail stocks
▼ + stars: | 2022-11-20 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +9 min

If you're a retailer, and it's the holiday season, the thing you most want consumers to feel is a sense of urgency. Unlike last year, holiday shoppers don't need to fear empty shelves at the store. Walmart said it saw more shoppers with incomes above $100,000 ring up items in its stores, drawn in by less expensive groceries. He suggests investors position themselves in discounters like Walmart or Family Dollar or in luxury stocks like RH or Lululemon . She explained that many shoppers perceive Target as a place where "you go in for two items and come out $150 later."

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