Goldman Sachs Group is a leading global investment banking, securities, and investment management firm that provides a wide range of financial services to a diverse client base, including corporations, financial institutions, governments, and individuals. The company engages in various activities, including financial advisory services, underwriting of capital market transactions, asset management, and market making in securities and commodities. It is known for its expertise in mergers and acquisitions, risk management, and investment strategy, leveraging its extensive research capabilities and global reach to deliver innovative solutions in an ever-evolving financial landscape. Read More
Shares of healthcare apparel company Figs (NYSE:FIGS)
fell 3.4% in the pre-market session after investors reacted to a cautious outlook from Wall Street analysts, which included a "Sell" rating from Goldman Sachs.
Lockheed Martin faces Wall Street pressure after mixed Q2 results and $1.6B in charges. Goldman Sachs analyst reiterates Sell rating and lowers price forecast. Other analysts also cautious. Margins hit by legacy program charges. IRS dispute and talks over Golden Dome missile shield.
Shares of real estate data provider CoStar Group (NASDAQ:CSGP) jumped 6.6% in the afternoon session after the company reported strong second-quarter results that beat estimates and raised its full-year guidance.
Shares of toy and entertainment company Hasbro (NASDAQ:HAS)
fell 3.4% in the morning session after its second-quarter earnings report revealed a significant decline in its Consumer Products division.
Goldman Sachs and BNY Mellon launch blockchain-powered system for tokenizing traditional financial assets in the US, aiming to improve fund utility and enable use as collateral.
Shares of electrical construction and infrastructure services provider MYR Group (NASDAQ:MYRG) fell 3.1% in the morning session after Goldman Sachs downgraded the stock. The investment bank changed its rating on the electrical construction contractor from "Buy" to "Neutral." Analysts at Goldman Sachs pointed to a lack of long-term guidance from the company as a key reason for the change. The stock had experienced a significant run-up prior to the downgrade, reaching an all-time high and increasing by 68% over the past three months, which may have also factored into the bank's reassessment. While Goldman Sachs did increase its price target on the stock, the downgrade itself signaled a more cautious stance on the company's near-term prospects, prompting some investors to sell shares.
Berkshire Hathaway has reportedly hired Goldman Sachs to follow Union Pacific's lead in pursuit a cost-to-coast railroad merger. CSX is a likely target.
When Coinbase made its debut as a platform for buying and selling bitcoin in 2012, the world of cryptocurrencies was largely the domain of technophiles and risk-tolerant early adopters. Today, Coinbase has grown into the most recognized name in the U.S. crypto exchange business, bridging the gap between digital
Shares of healthcare services company Sotera Health (NASDAQ:)
jumped 3.4% in the morning session after the stock gained ground amid broader positive market sentiment ahead of a busy week for corporate earnings. U.S. stock futures indicated a higher open for the markets, setting a positive tone for investors who were anticipating a heavy slate of earnings reports from major companies during the week. Notably, the earnings season got off to a strong start: More than 85% of the S&P 500 stocks that reported earnings exceeded expectations, according to FactSet data. This robust performance fueled positive sentiment, suggesting that corporate profitability remained resilient despite ongoing economic uncertainties.
