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- Dow closes at record on Mideast optimism; SpaceX, AMD drag Nasdaq
- SpaceX tumbles amid AI spending concerns; Musk outlines $1 trillion revenue target
- AMD shares slide 8% after Musk flags plans to buy Nvidia chips for SpaceX
- AZN spikes 6% after report it denies AstraZeneca-BMS merger talks
- New report warns China transceiver ban would hurt U.S. AI giants
- Salesforce president Srini Tallapragada steps down, becomes advisor
- Sandisk (SNDK) Tops Q4 EPS by $4.66, Offers Guidance
- EverCommerce names Alex Goor as new CEO, founder steps down
- Crude Inventory Rose 2.5 Million Barrels Last Week - EIA
- AMD shares slide 8% after Musk flags plans to buy Nvidia chips for SpaceX
- After-Hours Stock Movers: WDC, SNDK, FIG, APP, HUBS, SOUN, DASH, XYZ, Z, FLNC
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Goldman Sachs believes US will avoid recession, progress toward a soft landing
December 27, 2022 10:29 AM ESTIn a note to clients Tuesday, Goldman Sachs analysts said that the firm's most out-of-consensus forecast for 2023 is its call that the US will avoid a recession and continue progressing toward a soft landing.
The analysts explained that the forecast, in part, reflects its view that a period of below-potential growth is enough to gradually rebalance the labor market and dampen wage and price pressures.
"It also reflects our... More
