Express News | Goldman Sachs former partner establishes own firm, planning to raise as much as $0.85 billion for a private equity fund.
Express News | Jinkosolar fell nearly 3% in pre-market trading, Goldman Sachs maintains its "sell" rating.
Express News | After the budget, the British pound weakened and the market remained cautious about the Bank of England cutting interest rates.
Apple executives interpret Q4 financial report: We rarely experience supply and demand imbalances, and will continue to drive AI investment next year.
Apple Inc. released the financial report for the fourth quarter and full year of fiscal year 2024: The total net revenue for the fourth quarter was $94.93 billion, a 6% year-on-year increase; net income was $14.736 billion, a 36% year-on-year decrease; diluted earnings per share were $0.97, a 34% year-on-year decrease. Apple Inc.'s revenue in the Greater China region for the fourth quarter was $15.033 billion, slightly down from $15.084 billion in the same period last year (Note: Apple's fiscal year is not synchronized with the calendar year, from October 2023 to September 2024 is fiscal year 2024). After the financial report was released, Apple's management held a conference call.
Goldman Sachs believes that the Swiss Franc will benefit from the risk of US tariffs.
Goldman Sachs indicated that if there is a significant increase in tariff risks after the US presidential election, the bank will consider changing its neutral attitude towards the Swiss Franc to a bullish one. Strategists Lexi Kanter and Michael Cahill stated that in this scenario, the Swiss Franc would be the biggest beneficiary outside the US dollar. The bank mentioned that Switzerland's export basket is mainly composed of technically advanced products and pharmaceuticals, with prices lacking elasticity and being non-cyclical. If the US imposes tariffs, the eurozone economy may weaken. The report suggested that this could boost demand for the Swiss Franc, which is a traditional safe haven for Europe in times of trouble. In addition, strategies
Express News | Economists: The UK budget may extend the process of the Bank of England's fight against inflation.