#MarketNews
βοΈ Happy Friday, dear traders! Look at the major news on this week's last trading session!
βοΈ Major banks are split on Fed cuts, with Goldman Sachs predicting quarter-point reductions through June 2025, JPMorgan expecting a 0.5% cut in November, and traders pricing in 2% by September 2024.
π¨π³ China is considering easing homebuying restrictions, including for non-locals, to boost its $5.4 trillion housing market as the CSI 300 Index has fallen 7% this year.
π¬π§ The British pound reached its highest point since March 2022 after the Bank of England kept its key interest rate at 5%.
π©πͺ Germany's economy is expected to resume growth at the end of 2024. Static growth is forecast for Q3 and 0.2% growth in Q4, lagging behind the eurozone's projected 0.3% growth.
π #NIKE replaced its CEO, offering a $1.5 million base salary and potential 200% bonuses. As a result, shares jumped 7% despite a 25% stock drop this year.
π Nvidia and G42 are creating a climate tech lab using Nvidia's Earth-2 system, leveraging 100+ petabytes of data. G42 is backed by a $1.5 billion Microsoft investment. #NVIDIA shares are up 3.97%.
πͺ Goldman Sachs' breakup with Apple could cost the bank between $500 million and $4 billion, potentially forcing Goldman to eliminate one of its three business lines. #GS stock is up 3.97%.
π¦ FedEx (#FDX) reported Q1 earnings of $3.60 per share and revenue of $21.6 billion, falling short of analysts' forecasts of $4.86 per share and $21.96 billion in revenue.
That's it for today, guys! Click onβ€οΈ if you liked our review, and see you soon!
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That's it for today, guys! Click on
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In Q4 2024, Goldman Sachs reported a $4.11 billion profit, more than doubling the previous year's figure, driven by growth in investment banking and trading operations. In January 2025, the company announced the creation of the Capital Solutions Group to finance large deals and provide corporate loans, with analysts raising the stock price target to $782.
#Forecast
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