Senad Karaahmetovic Goldman Sachs strategists see further upside in the S&P 500 if the market continues to price in potential productivity and profit boost from the rapid adoption of artificial intelligence (AI). “Using our dividend discount model (DDM) and our...
By David Morgan WASHINGTON (Reuters) – U.S. House Speaker Kevin McCarthy faces a revolt from hardline Republicans who accuse him of betraying an agreement that got him elected to lead the chamber, raising questions about the job security of the top Republican in...
According to Goldman Sachs, the dollar showed little change on Monday after ending a three-week winning streak. However, despite this pause, the strength of the U.S. economy suggests that it may be premature to expect the bears to regain control over the dollar. The...
U.S. stocks end lower on Monday as technology shares retreat from 2023 highs, unable to sustain last week’s strong gains. The Dow Jones Industrial Average closes just below 200 points, or 0.6%, finishing near 33,562, according to preliminary FactSet data, near...
Asian markets are poised to open the week with vigor, building upon the upward trajectory witnessed last week. The increasing risk appetite and optimistic outlook for a ‘soft landing’ of the U.S. economy, following Congress’s recent approval of a...
A preliminary labor agreement has been reached between Hollywood’s major studios and the union representing film and television directors, potentially preventing a work stoppage that would have put pressure on media companies to resolve issues with striking...
