Goldman now sees a slightly smaller hit to the economy during the current second-quarter, adjusting its GDP forecast to -33% from -36%.
“Recent economic indicators—including the May retail sales report—suggest that the coronavirus hit is abating more quickly than expected,” Goldman said in its recent note, explaining their upgrade to second- and third-quarter GDP.
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Goldman Sees ‘Clear Signs Of Recovery’ In 2020, But Says These Risks RemainThe Wall Street firm predicts a “more rapid recovery” in the second half of the year. I don't believe it boycottsalmankhan BoycottKaranJoharGang BoycottChineseApp BoycottChina BoycottChineseProducts
Source: Forbes - 🏆 394. / 53 Read more »
Union Pacific CEO sees 'signs of optimism' in multiple markets as economy recovers'We are seeing the e-commerce demand flow through to our rail business,' Union Pacific CEO Lance Fritz told CNBC's Jim Cramer. 👍
Source: CNBC - 🏆 12. / 72 Read more »
Bank of England slows bond purchases as it sees some recovery signsThe Bank of England slowed the pace of its huge bond-buying programme on Thursday as it saw some signs that the British economy was recovering from the unprecedented slump caused by the coronavirus lockdown. The best business in the World is to issue Bonds or purchase bonds with high Coupon rate, collect interest. When Bonds can't be sold anywhere, sell it Central Bank at Face Value. That's what Michael Milken was doing and they punished him. BankofEngland bankofengland If they hadn't mismanaged theor response to this pandemic then the slump would have been much lower
Source: Reuters - 🏆 2. / 97 Read more »
Goldman Sachs says renewable-energy spending will surpass oil and gas for the first time ever in 2021 — and sees total investment spiking to $16 trillion over the next decade | Markets InsiderGoldman Sachs says renewable-energy spending will surpass oil and gas for the first time ever in 2021 — and sees total investment spiking to $16 trillion over the next decade $GS - Strong consensus that Goldman Sachs fundamentals are improving, 97% of the time this led to a rally in price (last: 206.31) | Full text: TOGGLEbot
Source: BusinessInsider - 🏆 729. / 51 Read more »
Moderna CEO sees 'high probability' of success with Covid-19 vaccineModerna is the front-runner in the race for a Covid-19 vaccine. Its CEO sees an 80% to 90% chance of success. This is literally the worst thing I’ve ever heard KAREN say Moderna execs must have needed to dump some stock options today with this announcement. Stop with these stock scam announcements. Find some real news
Source: CNBC - 🏆 12. / 72 Read more »
Arizona sees daily high of nearly 2,400 new coronavirus cases, almost twice its recordHealth officials say the number of new coronavirus cases in Arizona has hit an alarming new daily high of nearly 2,400 — almost double the previous record. Testing. More tests equals more cases. We all know this so whattttttt. most are no or mild symptoms. Others get sick a few days a few die. People get sick and people die. Thats what happens to mortals. This is NOT a big deal people STOP THIS fear Is this 2,400 cases everyday. Is it in every small town or only in the largest towns? Has does this compared with the flu? How many died?
Source: latimes - 🏆 11. / 82 Read more »