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27.02.26 - 15:00
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A 40% Cut In S&P 500 Employment Would Cost 12 Million Jobs (24/7 Wall St.)
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In 2023, Goldman Sachs (NYSE: GS) put out a report titled “The Potentially Large Effects of Artificial Intelligence on Economic Growth.” The authors wrote, “Extrapolating our estimates globally suggests that generative AI could expose the equivalent of 300mn full-time jobs to automation.” The authors did say that AI could increase GDP growth and that labor ... A 40% Cut In S&P 500 Employment Would Cost 12 Million Jobs
The post A 40% Cut In S&P 500 Employment Would Cost 12 Million Jobs appeared first on 24/7 Wall St.....
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27.02.26 - 12:03
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Chocolate Market Enters New Phase As "Double-Digit Raw Material Deflation" Eases Costs (ZeroHedge)
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Chocolate Market Enters New Phase As "Double-Digit Raw Material Deflation" Eases Costs
Cocoa prices have collapsed 75% from their 2024 peaks, and Goldman's latest note points out that the worst of the cocoa shock for chocolate makers may finally be passing after being squeezed by soaring bean costs through 2023, 2024, and into the first half of 2025. This only suggests that lower chocolate bar prices at the supermarket could materialize later this year. Against that backdrop, Goldman reiterated Buy ratings on two confectionery stocks.
Analysts led by Sam Darbyshire said the global chocolate production costs should drop by as much as 10% in 2026 and 2027. She pointed out that weather patterns in West Africa - the mecca of global cocoa farming - have supported increased production for the upcoming harvest, leading to stabilization in global supplies.
Darbyshire pointed out that the cocoa futures curve is no longer backward-dated, with December 2027 delivery now 17% more expensive than March 202...
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26.02.26 - 17:00
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World Economic Forum Boss Borge Brende Quits As Epstein Fallout Deepens (ZeroHedge)
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World Economic Forum Boss Borge Brende Quits As Epstein Fallout Deepens
The Jeffrey Epstein fallout continues to spread across the corporate and political worlds, with new headlines daily. Bill Gates told foundation staff earlier this week, "I did nothing illicit." Goldman Sachs' top lawyer, Kathy Ruemmler, stepped down last week over her ties, and former Prince Andrew was arrested on suspicion of misconduct related to sending Epstein trade documents.
Now, the World Economic Forum chief executive, Børge Brende, is stepping down following an investigation by the organization into his connections with the convicted sex offender.
WEF released a statement on its website announcing that Brende has decided to step down, and that Alois Zwinggi will serve as Interim President and CEO.
"After careful consideration, I have decided to step down as President and CEO of the World Economic Forum," Brende wrote in a statement.
He said, "I am grateful for the incredible collaborati...
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26.02.26 - 14:42
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Zimbabwe Lithium Disruption Has Goldman Eyeing This Trade (ZeroHedge)
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Zimbabwe Lithium Disruption Has Goldman Eyeing This Trade
Earlier news from Bloomberg that Zimbabwe has suspended exports of lithium concentrates and raw minerals to force miners into local processing has caught the attention of Goldman analyst James McGeoch. He sees a potential trading opportunity in a mineral-exploration company that could be positioned for upside.
Let's begin with the report that Mines Minister Polite Kambamura told reporters earlier that the export ban is effective immediately until further notice. Zimbabwe has one of the largest lithium reserves in Africa and is among the top global producers.
Zimbabwe Suspends Export of Raw Minerals and Lithium Concentrates.
Mines Minister Hon. Dr. P. Kambamura has ordered the immediate suspension of all exports of raw minerals and lithium concentrates, including consignments already in transit, to enforce in-country value addition… pic.twitter.com/acX0CmntoX
— Zimbabwe Economic Review (@ZimbabweReview) February 25, 2026
IMMEDIATE ...
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26.02.26 - 04:00
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Research: G Sachs: NVIDIA Quarterly Results, Guidance Beat; TP USD250 (AAStocks)
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NVIDIA's (NVDA.US) quarterly results and guidance both surpassed market expectations, Goldman Sachs said in its report. With generally optimistic street consensus, it was anticipated that the stock price will further elevate. NVIDIA reported quarterly revenue of USD68.1 billion, above Goldman Sachs' forecast of USD67.3 b......
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25.02.26 - 21:39
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Goldman′s Top DEI Exec Out Days After Bank Scraps Woke Board Policy (ZeroHedge)
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Goldman's Top DEI Exec Out Days After Bank Scraps Woke Board Policy
Days after the firm announced that they were scrapping DEI requirements for new board members, and six years after the death of George Floyd that ushered in institutionalized virtue-signaling, the bank's head of DEI is leaving.
Megan Hogan, who's been at the firm 12 years, is taking her shtick to Morgan Stanley according to Business Insider, which Hogan confirmed via email, telling the outlet that Morgan Stanley had extended "an amazing opportunity" to her in talent development.
She will report to Morgan's head of talent development, Susan Reid, the firm's global head of talent, and will begin in April.
The move comes after Goldman's hard pivot away from DEI following Donald Trump's second term - retooling its diversity program, known as One Million Black Women (oh god), a multibillion-dollar commitment to invest in black businesswomen and nonprofit leaders.
The bank also ended its requirement?...
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