Former UK Prime Minister Rishi Sunak is returning to Goldman Sachs as a senior adviser, the investment bank said on Tuesday.
Goldman Sachs economists have warned that any significant disruption to oil shipments through the Strait of Hormuz could push Brent crude prices over $100 per barrel, potentially causing a sharp rise in transport costs, inflation, and slowing global growth.
A potential Ukraine ceasefire and the associated easing in sanctions on Russia are unlikely to substantially increase Russia's oil flows, Goldman Sachs said on Wednesday.
Goldman Sachs and Morgan Stanley both predict the S&P 500 will hit 6,500 by 2025, driven by U.S. economic growth and corporate earnings. Risks include tariffs and bond yields, while earnings are expected to rise 11% with a $268 EPS projection.
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