Daan Struyven, Goldman Sachs co-head of global commodities research, says that global economic uncertainty is raising fears of a weakening US dollar while driving higher demand for gold. In a new interview on CNBC’s Squawk Box, Struyven says that many investors and central banks are on a gold buying spree as they look to the […]
The post Worries US Dollar ‘May Not Be Safe’ Driving Rapid Gold Demand From Central Banks and Investors: Goldman Sachs appeared first on The Daily Hodl.
The financial services giant Goldman Sachs is telling shareholders that its competitors are now offering crypto products and services that the bank doesn’t. In its 2024 Annual Report, Goldman Sachs says in some circumstances, rival firms are offering products that clients may prefer, such as specific digital assets, which Goldman cannot or choose not to […]
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Two Wall Street giants say the US now faces a greater risk of economic contraction amid a deteriorating macroeconomic backdrop. JPMorgan Chase is raising its recession forecast for the US economy from 30% at the start of 2025 to 40% due to the uncertainty brought by President Trump’s directives including his trade war against China, […]
The post JPMorgan Chase, Goldman Sachs Abruptly Raise Recession Odds As ‘Bond King’ Says Macro Setup Could Trigger Decades of US Capital Flight: Report appeared first on The Daily Hodl.
Financial giant Goldman Sachs addressed cryptocurrency and digital assets in its 2024 annual report, highlighting both their growing influence and associated risks while emphasizing blockchain’s transformative potential. Goldman Sachs 2024 Report Touches Upon Digital Assets Goldman Sachs referenced cryptocurrency and digital assets throughout its 2024 Form 10-K filing, acknowledging their growing prevalence while cautioning about […]
The crypto exchange founded by billionaire twins Tyler and Cameron Winklevoss has reportedly filed for an initial public offering (IPO). Citing people familiar with the matter, Bloomberg reports that Gemini is working with the investment banking titans Goldman Sachs and Citigroup in its efforts to quietly go public. The anonymous sources also say that discussions […]
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Investor Tom Lee says that Bitcoin could end up becoming the most profitable product for Wall Street giants as the US goes ahead with making BTC a reserve asset. In a new interview on The Compound podcast, Lee compares the Strategic Bitcoin Reserve to the concept of the US petroleum reserve, noting that for every […]
The post Fundsrat’s Tom Lee Says Bitcoin Could Be the Most Profitable Product for JPMorgan and Goldman Sachs – Here’s Why appeared first on The Daily Hodl.
Several Wall Street banks including JPMorgan Chase are abruptly changing their forecasts for the US stock market. JPMorgan Chase’s head of global market intelligence Andrew Tyler says the lender’s trading desk is flipping short-term bearish on the stock market amid a deteriorating macroeconomic backdrop, reports Bloomberg. All in all, the US stock market has wiped […]
The post $3,400,000,000,000 Market Meltdown Triggers Economic Alerts From JPMorgan Chase, Morgan Stanley and Goldman Sachs As US Banks Abruptly Change Outlook appeared first on The Daily Hodl.
Goldman Sachs significantly expanded its Bitcoin ETF holdings in Q4 2024, increasing its stake in the Ishares Bitcoin Trust ETF (IBIT) by 88% to $1.27 billion, according to its latest SEC filing. The firm also boosted its investment in the Fidelity Wise Origin Bitcoin Fund (FBTC) by 105%, now holding $288 million in shares. While […]
Financial services giant Goldman Sachs is reportedly holding nearly $2 billion worth of shares in Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs). According to a new filing with the U.S. Securities and Exchange Commission (SEC), Goldman Sachs currently holds $1.63 billion worth of Bitcoin ETFs and $196.3 million worth of Ethereum ETFs, the bulk […]
The post Goldman Sachs Holds $1,832,015,357 Worth of Bitcoin and Ethereum Exchange-Traded Funds: SEC Filing appeared first on The Daily Hodl.
Six of the largest banks in the US recorded exceptional returns in 2024, despite recession fears and geopolitical uncertainty. JPMorgan Chase, Citi, Bank of America, Goldman Sachs, Wells Fargo and Morgan Stanley printed $145.68 billion in combined profits last year, largely propelled by stellar performances in investment banking and dealmaking. JPMorgan Chase witnessed a net […]
The post JPMorgan, Citi, Bank of America, Goldman Sachs, Wells Fargo and Morgan Stanley Reap $145,680,000,000 in Profit in One Year appeared first on The Daily Hodl.
