The crisis in the British pound is over, but analysts see further weakness ahead

The crisis in the British pound is over, but analysts see further weakness ahead

Traders in London. DANIEL LEAL-OLIVAS | AFP | Getty Images LONDON – The British pounds is on firmer footing since the appointment of new prime minister Rishi Sunak, but Wall Street still sees further vulnerability over the next 12 months. After falling to a record low against the dollar below $1.04 on September 25 following … Read more

The Bank of England is set for the biggest rate hike in 33 years, but economists expect a dovish tilt

The Bank of England is set for the biggest rate hike in 33 years, but economists expect a dovish tilt

Buses pass in the City of London financial district outside the Royal Exchange near the Bank of England on July 2, 2021 in London, UK. Mike Kemp | In pictures | Getty Images LONDON — The market expects the Bank of England to raise interest rates by 75 basis points on Thursday, its biggest increase … Read more

Goldman Sachs expects European gas prices to fall by 30%

Goldman Sachs expects European gas prices to fall by 30%

European gas prices are expected to fall to 85 euros a megawatt hour in the coming months, Goldman Sachs said Krisztian Bocsi | Bloomberg | Getty Images Goldman Sachs predicts that European natural gas prices will fall by about 30%% in the coming months as the nations gain a temporary upper hand on supply issues. … Read more

Goldman’s Jeff Currie reveals ‘the best’ hedge against inflation, rate hikes and geopolitical risks

Goldman’s Jeff Currie reveals ‘the best’ hedge against inflation, rate hikes and geopolitical risks

Oil and commodities are “the best bet” when it comes to hedging against inflation, rising interest rates and geopolitical risk, according to Goldman Sachs’ Jeff Currie. Currie, global head of commodities research at Goldman, said investors could hedge against the trio of factors troubling financial markets as oil prices are expected to rise even more … Read more

These are the Dow stocks to own if the Fed triggers a risk hike

These are the Dow stocks to own if the Fed triggers a risk hike

Downbeat stocks could be the big beneficiaries of a potential Federal Reserve-fueled rally this week. The market has already priced in the likelihood of a 75 basis point rate hike from the central bank, which began its two-day meeting on Tuesday. It would be the Fed’s fourth consecutive 0.75 percentage point increase in its campaign … Read more

34% of Millennials report being behind on their retirement savings

34% of Millennials report being behind on their retirement savings

Saving for retirement is a critical component of your financial health, as you need a way to replace your income when you are no longer working. However, a recent Goldman Sachs Retirement Survey and Insights Report found that 34% of Millennial respondents report feeling they are behind in their retirement savings. The results are based … Read more

Goldman Says Dividend Growth Stocks Win in Recessions — Here Are 10

Goldman Says Dividend Growth Stocks Win in Recessions — Here Are 10

Despite the economy’s expansion in the third quarter, some cautious investors remain wary that a recession is either on the way or will land soon. But Goldman Sachs has a specific strategy to take advantage of this scenario. Economists at the firm expect U.S. gross domestic product to fall from 1.9% this year to 1.1% … Read more

With the Dow outperforming, here’s how investors can take advantage of the index

With the Dow outperforming, here’s how investors can take advantage of the index

Photo taken on March 1, 2022 shows monitors showing stock market information at the New York Stock Exchange in New York, United States. US stocks fell sharply on Tuesday as investors nervously monitored the military conflict between Russia and Ukraine. The Dow Jones Industrial Average fell 597.65 points, or 1.76 percent, to 33,294.95. The S&P … Read more

What investors can do to beat the market, Goldman and others say

What investors can do to beat the market, Goldman and others say

Both stocks and bonds have struggled this year, leaving investors with few alternatives. Stocks and bonds usually move in opposite directions, but that hasn’t been the case this year. “A US 60/40 portfolio had a drawdown of c.25% in real terms YTD, with bonds and equities selling off together,” Goldman Sachs analysts wrote in a … Read more

Advantages and disadvantages of refinancing student loans

Advantages and disadvantages of refinancing student loans

If you’re one of the 43 million borrowers burdened with federal student loans, you may have come across websites or ads encouraging you to refinance your loans at a lower interest rate. Student loan refinancing essentially means that you are shopping around your current loans to a private lender in exchange for a new loan … Read more