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05.06.26 - 00:30
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Beer Demand Goes Flat As Even Alcoholics Pull Back With Gas Above $4 (ZeroHedge)
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Beer Demand Goes Flat As Even Alcoholics Pull Back With Gas Above $4
Beer sales across the U.S. over Memorial Day weekend were troublingly soft, according to a new Goldman report, which attributed the weakness primarily to a "challenging macro backdrop" and unusually cold weather across parts of the Lower 48 states.
The Gulf-related fuel price shock has kept the national average for 87-octane gasoline above the politically sensitive $4-per-gallon threshold for more than 66 days, or roughly two months. Consumers are already pulling back on purchases at gas stations and convenience stores, with the latest evidence showing a sharp slowdown in energy drink sales growth amid rising fuel prices.
The next victim of the fuel price shock, amid a dismal consumer backdrop of sliding personal savings and a fading tax-refund sugar high, appears to be beer - generally considered a consumer staple product. The latest high-frequency data cited by Bonnie Herzog shows beer trends over the Memorial Day weekend w...
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05.06.26 - 00:30
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Korean Officials Are "Paying Close Attention" As Foreign Outflows Trigger Bond/Won Collapse (ZeroHedge)
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Korean Officials Are "Paying Close Attention" As Foreign Outflows Trigger Bond/Won Collapse
Unless you have been living under a rock, you'll know that South Korea's stock market has been rocketing higher on the back of the AI/Semi speculation as SK Hynix and Samsung have dominated (accounting for over 40% of the KOSPI market cap)...
But, as the following chart from Goldman Sachs shows, this surge in Korean stocks has been driven by domestic Retail investors as Foreign investors have fled that market en masse...
These outflows have sparked a collapse in the Korean Won (exacerbated by pressure some Asian currencies face as the Iran war drags on), now at its weakest versus the USDollar since 2009...
...and pushed yields for South Korean bonds to their highest in almost 3 years...
With all that in mind, Bloomberg reported earlier in the week that South Korean officials have intensified monitoring of the government bond market through daily phone calls and a private messaging group wit...
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04.06.26 - 21:57
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Mapping America′s Robotaxi Boom As Driverless Fleets Hit More Cities (ZeroHedge)
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Mapping America's Robotaxi Boom As Driverless Fleets Hit More Cities
Robotaxi deployments are entering the scaling phase across major U.S. cities as Waymo, Lyft, Tesla, Zoox, and other autonomous vehicle firms push fleets deep into cities.
The autonomous rideshare market remains in its early chapters, but the direction of travel is clear even to the modest observer: robotaxis are moving from the test phase to becoming an increasingly common sight on the roads.
With that comes the general public capturing these robotaxis doing some pretty weird stuff in the wild, such as bottlenecking in a quiet Atlanta neighborhood last month...
And this.
Pro tip: Waymo is more drunk friendly than uber. https://t.co/tYNgWzLBl5
— Old Row (@OldRowOfficial) May 11, 2026
The latest update on commercial AV deployments comes from Goldman analysts led by Eric Sheridan, who told clients these deployments are gaining momentum.
Based on NHTSA crash data from July 2025 through mid-April 2026, along with Waymo and Tesl...
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04.06.26 - 18:36
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Goldman Sachs Predicts SpaceX Revenue Will Surge 100X By 2030 (24/7 Wall St.)
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The pitch behind the largest U.S. stock market debut in history rests on one number, and it asks investors to suspend a lot of disbelief. Goldman Sachs (NYSE:GS), the lead underwriter on the deal, told a potential IPO investor it expects SpaceX's AI division revenue to climb roughly 100 times by 2030. That projection, reported ... Goldman Sachs Predicts SpaceX Revenue Will Surge 100X By 2030...
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04.06.26 - 18:06
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Goldman Sachs CEO David Solomon on the Coming Mega IPOs (Bloomberg)
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As companies like Anthropic and SpaceX file to go public, 2026 may turn out to be a year of mega IPOs.
Goldman Sachs CEO David Solomon joins Joe Weisenthal and Tracy Alloway on the Odd Lots podcast to discuss banking in the age of AI and why it's still "good for the US to have the biggest, most important companies in the world." (Source: Bloomberg)...
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04.06.26 - 17:57
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Jamie Dimon To Hold "Live Interactive Discussion" With Super-Rich Clients As SpaceX IPO Roadshow Commences (ZeroHedge)
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Jamie Dimon To Hold "Live Interactive Discussion" With Super-Rich Clients As SpaceX IPO Roadshow Commences
SpaceX is reportedly targeting a valuation of about $1.8 trillion as it prepares to go public next Friday, trading on the Nasdaq exchange under the ticker symbol SPCX.
Last month, Goldman Sachs was selected as the lead bank for the SpaceX listing, alongside Morgan Stanley. JPMorgan, Bank of America, and Citigroup are also among the 23 banks working on what will be the largest-ever listing, expected to raise a staggering $75 billion by selling about 555.6 million shares. The planned IPO price is about $135 per share.
Retail investors will be able to participate at the same prices as the big institutions. Expected SPCX price of $135 per share → https://t.co/eKBA0tzXbH
— SpaceX (@SpaceX) June 4, 2026
On Wednesday, we told readers that SpaceX's roadshow for institutional investors was set to begin on Thursday.
A new Bloomberg report states that JPMorgan CEO Jamie Dimon is se...
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04.06.26 - 13:48
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US Stocks Drag as Broadcom′s Outlook Fails to Impress | Bloomberg Brief 6/4/2026 (Bloomberg)
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Nasdaq 100 futures lead US equities lower as Broadcom's sales growth forecast failed to meet investors' lofty expectations. Iran says there had been no recent progress in peace deal talks with the US, while fighting persists in Lebanon. Sharon Bell of Goldman Sachs discusses the difference in sector exposure in the US and European equity markets. Rhonda Vonshay Sharpe of the Women's Institute for Science, Equity and Race focuses on the inequality in the labor market. (Source: Bloomberg)...
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04.06.26 - 10:48
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Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI | Odd Lots (Bloomberg)
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There's a lot of debate about the future of AI — not just whether it will produce the returns investors are expecting, but also if AI will lead to mass worker displacement. Big banks are the perfect prism through which to explore some of these questions. Not only are they deploying AI very quickly, but they have a wide range of workers who are using the technology, from back-office employees to junior analysts to the most senior investment bankers. We spoke with David Solomon, chairman and CEO of Goldman Sachs, about the impact of AI on the banking business, and why he does not predict a major white collar wipeout. We talk about the outlook for headcount, current conditions in capital markets, and the bank's role in the upcoming SpaceX IPO and Alphabet's historic equity capital raise. He also tells us about his early career in junk bonds and (with his love of electronic dance music) how AI is transforming music production. (Source: Bloomberg)...
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