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28.10.26 - 22:30
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Google Plunges After Ugly Top And Bottom Line Miss, As AI Cannibalizes Search And Ads (ZeroHedge)
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Google Plunges After Ugly Top And Bottom Line Miss, As AI Cannibalizes Search And Ads
Today, ahead of the doubleheader of Mag 7 reports when both Microsoft and Google parent Alphabet report, we wrote in our preview that Microsoft has become the consensus long, while Alphabet "still feels like the consensus funding short across megacaps." And both have to convince a market that, as Goldman's Rich Privorotsky put it this morning, now has "eye watering expectations":"These really matter. Eye watering expectations… buyside probably closer to Azure growth around high 40s%, Google Cloud around mid 90s%. The question isn't whether those are good numbers, but whether they can surpass already high expectations... Azure probably needs a guidance raise to be properly supportive. The nuance is capacity… if they miss elevated expectations simply because they cannot bring enough compute online. That's disappointing for near term revenue but potentially even more bullish for t...
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28.10.26 - 21:33
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MSFT Rises On Azure Beat... But Bookings Shrink And Backlog Stalls (ZeroHedge)
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MSFT Rises On Azure Beat... But Bookings Shrink And Backlog Stalls
The consensus long delivered.Microsoft (MSFT) reported Azure revenue growth of 48% in constant currency for the September quarter, crushing its own 44-45% guide, the Street's ~45% and even the ~47% buyside whisper that, as we laid out this morning in "These Really Matter", was the real hurdle. In its first-ever standalone disclosure, Azure brought in $33.2 billion, a full billion above the $32.2 billion consensus. Revenue of $92.3 billion blew past the top end of guidance, adjusted EPS of $4.89 beat the $4.72–4.73 consensus, and operating margin hit 49.8%. The stock is up strongly after hours from a weak day where Mag7 stocks lagged...And yet, buried in the investor metrics, two numbers that won't make the headlines: commercial bookings fell 12% and the $677 billion backlog didn't grow at all.Recall what Goldman's Rich Privorotsky wrote this morning (available to pro subs):"These really matter. Eye watering...
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28.10.26 - 19:01
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Countdown to Fed, Tech Earnings (Bloomberg)
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Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Powerful profits from SK Hynix refuel the AI trade as booming demand for memory chips shows no signs of slowing. Microsoft and Alphabet gear up to report results on the busiest day of earnings season for the S&P 500. Plus, Federal Reserve Chair Kevin Warsh takes the spotlight, with the Fed expected to hold rates today while keeping the door open to a December move. Nuveen Chief Investment Officer Saira Malik and Goldman Sachs Chief US Economist David Mericle break down the forces shaping the market outlook through the rest of 2026. Plus, the view from Dallas with Causeway CEO Sarah Ketterer, DFW International Airport CEO Chris McLaughlin and Fortress Global Co-Head of Corporate Credit Brian Stewart. (Source: Bloomberg)...
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28.10.26 - 18:48
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Goldman′s Mericle Says December Hike Looms (Bloomberg)
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Economists expect the Federal Reserve to hold interest rates steady while keeping the door open to a December move. Goldman Sachs Chief US Economist David Mericle discusses the economic outlook ahead of the Fed's October decision on Bloomberg Open Interest. (Source: Bloomberg)...
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28.10.26 - 16:12
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Anne S. Babineau to be Inducted into the CREDA NJ Hall of Fame (PR Newswire)
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WOODBRIDGE, N.J., Oct. 28, 2026 /PRNewswire/ -- Anne S. Babineau, Shareholder and Senior Counsel – Special Projects in the Real Estate and Redevelopment group at Wilentz, Goldman & Spitzer, P.A., will be inducted into the New Jersey Commercial Real Estate Development Association (CREDA......
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28.10.26 - 14:03
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Equilend′s 1Source DLT Adds Goldman Sachs (PR Newswire)
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Goldman Sachs joins BNY and National Bank of Canada on securities finance distributed ledger technology platform NEW YORK, Oct. 28, 2026 /PRNewswire/ -- Equilend, the global financial technology, data and analytics company for the securities finance industry, today announced that Goldman......
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27.10.26 - 21:31
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Bloomberg Invest Dallas, Premium Sports, Zombie Firms (Bloomberg)
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A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions shaping the global market. Today's guests: KKR Partner & Head of KKR Solutions Ian Charles, Goldman Sachs Global Head of Investment Banking Client Services Aasem Khalil, and Hines CO-CEO Laura Hines-Pierce. (Source: Bloomberg)...
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27.10.26 - 21:31
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Goldman Sachs′ Khalil on Dealmaking Outlook & Texas (Bloomberg)
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Goldman Sachs Global Head of Investment Banking Client Services & Cross Markets Group and Head of the Dallas Office Aasem Khalil discusses the dealmaking outlook, capital deployment and Dallas' development as a financial hub with Bloomberg's Dani Burger at Bloomberg Invest Dallas 2026. (Source: Bloomberg)...
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27.10.26 - 20:24
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Mid-market M&A Is A ′Dam′ That′s Going To Break: Khalil (Bloomberg)
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Aasem Khalil, global head of investment banking client services at Goldman Sachs, joins Dani Burger on "Bloomberg Deals." They discuss how mid-market companies understand that they need to grow and how mid-market companies have been experiencing inorganic growth.
(Source: Bloomberg)...
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27.10.26 - 18:01
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Meta AI Boom Fuels Goldman Windfall (Bloomberg)
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Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Anthropic's mega IPO puts Wall Street on notice ahead of big tech earnings. Meta's massive share offering and the AI deal boom deliver a windfall for Goldman Sachs. Plus Coca-Cola, UPS, JetBlue and Boeing earnings. We have the big read on corporate America outside of tech. (Source: Bloomberg)...
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