Core Insights - Goldman Sachs is testing an autonomous software engineer named Devin from AI startup Cognition, which is expected to join the firm's 12,000 human developers [1][2] - Devin is designed to operate as a full-stack engineer, completing complex multi-step assignments with minimal human intervention [2][4] - The introduction of agentic AI like Devin represents a significant shift in corporate AI adoption, with the potential for greater productivity and efficiency [3][4] Company Impact - Goldman Sachs plans to initially deploy hundreds of Devins, potentially scaling to thousands based on use cases [3] - The implementation of such advanced AI tools could increase worker productivity by three to four times compared to previous AI technologies [5] - Devin will be supervised by human employees and will take on tasks considered tedious, such as updating internal code to newer programming languages [6] Industry Trends - The rapid adoption of AI in the corporate sector is evident, with firms like JPMorgan Chase and Morgan Stanley already utilizing cognitive assistants based on OpenAI models [3] - Tech giants like Microsoft and Alphabet report that AI is responsible for approximately 30% of the code in some projects, while Salesforce claims AI handles up to 50% of its work [5]

Market Outlook - Goldman Sachs strategists increased their forecast for Asian stocks [1] - The upgrade is attributed to a more favorable macro environment [1] - Lower tariff risk is also a contributing factor to the increased forecast [1]

Investment Recommendation - Recommends selling Mutual Funds or ETFs from Schwab, State Street, Goldman Sachs, and Franklin Templeton before the end of August [2] Companies Mentioned - Schwab @CharlesSchwab [2] - State Street @StateStreet, @StateStreetETFs, @StateStreetIM [2] - Goldman Sachs @GoldmanSachs [2] - Franklin Templeton @FTI_Global @FTI_US [2]

Goldman Sachs is working on plan to raise as much as €250 million in debt to fund the refurbishing of the stadium for Spanish football club Real Betis https://t.co/weid3tPcWM ...

Romaine Bostick alongside the illustrious Caroline Hyde taking you through to the closing bell with the global simulcast. It starts right now. Tim Center back in the radio booth.His assistant Carol Massar joining them for one day this week. Welcome to our audiences. Take a look across all of our bloomberg platforms here on I guess we could call it a record setting day, at least for India, a record high.And briefly, a $4 trillion market cap. Yeah, briefly before dipping back down. But, you know, you'll take ...

Today in Bloomberg Deals: We break down the busy week for M&A, including talks around one of the potentially biggest LBOs ever. Elsewhere, Goldman Sachs seeks to lock in its junior bankers. https://t.co/MfSgC3RiZL ...

Goldman Sachs (GS) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 16. On ...

And despite President Trump's latest threat to reinstate those Liberation Day tariffs on August 1st, the global markets are basically calling his bluff with both Asia-Pacific and European stocks giving a muted response today. And they were not the only ones. This just blows my mind.Back home, Wall Street doesn't seem too worried either. BBS quote, "It seems a wasted effort to analyze every Trump social media post when investors understandably anticipate future retreats." JP Morgan adds, "Many client convers ...

Market Sentiment & Policy Impact - The global markets and Wall Street are largely dismissing President Trump's threat to reinstate tariffs, anticipating future retreats [1][3] - Major financial institutions like UBS, JP Morgan, and Goldman Sachs publicly express skepticism about the tariffs taking effect on August 1st [3] - The president's words no longer carry the same weight on Wall Street, devaluing potential policy changes [5][7] Inflation & Economic Concerns - Analysts suggest that implementing tariffs is directly inflationary, potentially influencing the Federal Reserve's rate-cutting decisions [9] - Consumers may not be immediately worried about tariffs, but a 10% tariff could impact Christmas shopping [12][15] - A New York Fed survey indicates consumers are expecting higher prices for gas, medical care, and rent [14] Government Spending & Healthcare - Concerns are raised about potential impacts on healthcare due to a proposed trillion-dollar reduction in spending, particularly regarding Medicaid [17] - The Wall Street Journal editorial board's view is that only those who deserve Medicaid should receive it, implying able-bodied adults should seek employment with healthcare benefits [17] Trade & Tariffs - The Treasury Secretary stated that $100 billion has been collected since the tariffs were put into effect, supporting the argument that tariffs are a way to raise funds [11] - Even a 10% tariff is considered high, being almost five times greater than the average tariff and the highest cumulative tariff since 1936 [12]

Financial Activities - Goldman Sachs plans to sell $750 million in junk bonds for Gray Media [1]