Goldman Sachs Group Archives

Citi says Wall Street was wrong to cut bets on Fed rate cuts

(Bloomberg) -- Citigroup Inc.Most Read from BloombergDubai Stalled as Cloudy Rainfall Exacerbates FloodingTesla Again Asks Investors to Approve Mas Resonance's $56 Billion PayrollChina Says Carbide Ties With Iran Will Continue After Israel AttackIf Fed Rate Hikes Actually Triggered a Boom in U.S. Economy?

Analysts Race to Catch Up with Zomato, the World's Top Takeaway Stock

(Bloomberg) -- Zomato Ltd. has risen more than all the world's major takeout stocks in the past year, and analysts are scrambling to raise their outlook for the Indian company as its profitability improves. Bloomberg's Top ReadsIsrael vs. Iran - What an All-Over War Might Look LikeDe Keresa Warns of Possible Power Emergency Next WeekThe Iranian Missile Strike Is a Mistake Israel Can Benefit FromA new segment of Israel's response to its multifront war with IranA $150 billion fortune strengthens Qatar's royal family

"It's definitely gotten a little out of hand," the star collegiate athlete said as a surge in sports betting drove gaming stocks higher amid concerns over the scandal.

According to Goldman Sachs (NYSE:GS), the US sports betting industry has grown into a $10 billion industry. If the investment banking firm's predictions prove to be correct, the boom that followed a 2018 Supreme Court ruling legalizing sports betting in the US has already begun. Ben Andrews, director of leisure and travel research at Goldman Sachs, predicted that once the market "matures", Americans will bet $45 billion a year on the name of a person on sports.

Artificial Intelligence Boom Drives Foreign Inflows to Korean Stocks at Quarterly Highs

(Bloomberg) -- Investor fervor for artificial intelligence pushed South Korean stocks to the biggest quarterly inflow of foreign capital, fueling a global rally in artificial-intelligence-related stocks. Bloomberg's Most Read U.S. Oil Suppliers Push Into Euronext+ Global Market Erdogan Loses Shocking Turkish Municipal ElectionChina Factory Activity Expands for First Time in Six MonthsAT&T Says 73 Million Accounts' Data Leaked on Dark WebInvestors Sweep Away Choice of Top Ice Cream Maker