The bank now sees the record-busting index SPX ending 2024 at 5,600, from a prior 5,200 thanks to “milder-than-average negative earnings revisions and a higher fair value price/earnings multiple.”
The Swiss bank offered to give back 90% of any investments in the Credit Suisse funds that had put $10 billion into Greensill Capital before its collapse in 2021
A scenario where the far-right National Rally wins an absolute majority in French parliament could lead to further underperformance for French stocks after its worst week in two years, say strategists at Goldman Sachs.
Henrik Fisker, founder of the troubled automotive startup Fisker Inc., has put his luxe Los Angeles mansion on the market for $35 million.
China’s central bank kept its key policy rates unchanged on Monday, indicating a likely hold on the benchmark lending rate later this month.
Activist investor Starboard Value has taken a roughly $500 million stake in Autodesk Inc., the Wall Street Journal reported late Sunday, and is seeking changes at the software company.
It’s a “reasonable prediction” that the Federal Reserve will wait until December to cut interest rates, Minneapolis Fed President Neel Kashkari said Sunday.
