U.S Economy & Market Outlook - U S economy is in good shape with strong tailwinds, but headwinds are causing underperformance; acceleration expected into 2026 [1][2] - Government fiscal stimulus and infrastructure spending are key tailwinds, balanced by trade policy implementation and geopolitical fragility [2][3][4] - Overall growth trajectory from December to December will likely be slightly below 2%, but an acceleration is expected into 2026 [4] - The upper end of the economy is spending strongly, while the lower end faces more constraints; labor softness and inflation need monitoring [6][7] - Markets run in cycles, and a drawdown in equity markets is possible in the next 12-24 months, but the potential of new technology is exciting [13][14][15] M&A and Strategic Priorities - Dealmaking is picking up, especially in the U S, driven by a changed regulatory environment; large cap M&A (companies $10 billion or larger) is up 100% year-over-year [16][18][19] - Goldman Sachs' priorities include serving clients, executing a strategic plan, and growing earnings by investing in investment banking/trading and asset/wealth management [21][22][23][24] - Goldman Sachs has increased its market share by approximately 350 basis points in the investment banking and trading business over the last five years [23] Technology & AI - AI is transforming the business of work, enabling people to be more productive and have better information [33][34] - AI allows for greater coding productivity and efficiency, and accelerates automation in operational systems [37][38] - Goldman Sachs has 12,000 engineers and is investing heavily in technology, including AI, to enhance productivity and growth [32][38] - While some jobs may be reduced, Goldman Sachs anticipates overall headcount to increase in 5-10 years due to firm growth enabled by technology [41][42] - There is complacency around risk-taking in the AI space, and a reset or drawdown is likely at some point [49][51] European Market - Europe needs to deploy more capital into the tech risk ecosystem to build globally significant tech businesses [26][27] - The European Union should operate more as an economic union to take advantage of its population and encourage innovation [29] - The European Commission should capture the urgency of capital deployment, encourage risk-taking, and consolidate the banking and exchange systems [30][31]

Economic Outlook - The U.S. economy is currently in good shape, supported by strong fiscal stimulus from governments and significant infrastructure spending [2][3][4] - Despite some headwinds, the economy is expected to accelerate into 2026, with overall growth projected to be slightly below 2% year-over-year [4][5] Labor Market - The U.S. job market is showing signs of softness, particularly in hiring as companies evaluate the integration of technology [8][9] - Labor shortages are being monitored closely by the Federal Reserve, alongside inflation concerns [6][7] Market Performance - Global and U.S. stocks are at record highs, with the S&P 500 up approximately 15% year-to-date [12] - The market is experiencing a bull run, driven by technological advancements and capital formation, although there may be winners and losers in the long term [13][14] M&A Activity - There has been a significant increase in dealmaking, particularly in the U.S., with a notable $1 trillion in M&A volume in the last quarter [18][19] - Large-cap M&A activity for companies valued at $10 billion or more has doubled year-over-year, indicating strong momentum in the dealmaking environment [19] Technology and AI Integration - Companies are increasingly leveraging technology and AI to enhance productivity and operational efficiency, with Goldman Sachs investing $6 billion in technology this year [38][39] - The integration of AI is expected to transform various business sectors, allowing for greater coding efficiency and operational automation [37][40] European Market Dynamics - There is a need for increased capital deployment in the European tech ecosystem to foster significant generational businesses [26][30] - Regulatory processes in Europe are seen as slow, and there is a call for more risk-taking and capital markets integration to accelerate tech growth [30][31]

Stock image. Copper prices climbed to their highest level in more than a year on Thursday, fueled by mounting global supply disruptions and growing expectations that US interest rate cuts will support demand for the industrial metal.Benchmark futures on the London Metal Exchange (LME) briefly rose above $10,500 a tonne for the first time since May 2024, before trading at $10,497.50, up 1.1% as of 11:50 a.m. in London. Three-month futures traded above $10,976 per ton ($4.989 per lb.) on the CME, up 2.2% for ...

Market Overview - U.S. stock futures are mixed as investors react to the ongoing government shutdown, while technology shares rally, providing support [1][2] - Nasdaq 100 futures are leading with gains of approximately 0.36% to 0.5%, driven by positive sentiment in the semiconductor sector [2] - S&P 500 futures are up around 0.17% to 0.2%, indicating a modest risk appetite, while Dow Jones futures are slightly down by 0.02% to 0.1% [2] Major Market Indexes - The S&P 500 closed at a record high of 6,711.20, up approximately 0.3%, while the Nasdaq Composite gained 0.4% to reach 22,755.16 [3] - The Dow Jones Industrial Average also set a record high at 46,441.10, increasing by 0.1% [3] - Goldman Sachs raised its S&P 500 projection to 6,800, citing strong performance from major U.S. companies [3] Upcoming Market Events - The government shutdown is causing delays in key economic data releases, including the jobs report and weekly jobless claims [4] - A Challenger Job Cuts report indicated a 37% drop in September job cuts from August, which may influence rate-cut expectations [4] - The third-quarter earnings season is set to begin in mid-October, with analysts forecasting a 7.9% year-over-year earnings growth for S&P 500 companies [5] Major Stock News and Corporate Developments - The semiconductor sector is experiencing a rally, with shares of Advanced Micro Devices (AMD) up about 3%, Broadcom (AVGO) up 2%, and Nvidia (NVDA) gaining approximately 1.5% [6] - Tesla (TSLA) shares are up nearly 2% ahead of its third-quarter delivery figures [7] - Stellantis (STLA) reported a 6% rise in U.S. sales, leading to a stock increase of up to 7% in overseas trading [8] Corporate Earnings News - Conagra Brands (CAG) shares jumped 5.4% after reporting first-quarter fiscal 2026 adjusted earnings that exceeded estimates [9] - Nike (NKE) saw a significant rise of 6.4% after its first-quarter fiscal 2026 revenues beat expectations [9] - Corteva, Inc. (CTVA) shares fell 9.1% after announcing plans to split its seed and crop-protection businesses [9] Broader Market Trends - Gold futures are rising, hovering near a record at $3,910 an ounce, reflecting its status as a safe-haven asset [11] - Bitcoin advanced 1% to approximately $118,800, reaching its highest level since mid-August [11] - The 10-year Treasury yield slipped slightly, trading between 4.09% and 4.11% [11]

JENNIFER: THIS IS HORIZONS MIDDLE EAST & AFRICA. OUR TOP STORIES IS MORNING. ASIAN STOCKS GAIN FOLLOWING A GLOBAL RALLY AS TRADERS LOOK PACKS THE POLITICAL IMPASSE IN WASHINGTON.THE WHITE HOUSE PLANS TO DISMISS FEDERAL WORKERS SAYING LAYOFFS WOULD HAPPEN IMMINENTLY. PRESIDENT TRUMP SAID HE WILL PRESS CHINA TO RESTART SOYBEAN PURCHASES WHEN HE MEETS XI JINPING LATER THIS MONTH. AND BLOOMBERG HAS LEARNED HOW MOSS IS BEING PRESSED BY ARAB AND MUSLIM LEADERS TO ACCEPT TRUMP'S PLAN.WE ARE LIVE IN JERUSALEM WITH ...

Goldman is leading a $3.75 billion debt deal to fund Arclin’s acquisition of DuPont’s Aramids business, according to sources https://t.co/l0IDjrUMg5 ...

Core Insights - A new SPAC named "American Exceptionalism" launched by Chamath Palihapitiya raised $345 million to acquire startups in energy, AI, crypto/DeFi, or defense sectors [1] - Palihapitiya advises retail investors against purchasing the stock, with only 1% allocated for public trading and 98.7% sold to large institutions [2][3] - The SPAC market has shown poor post-merger returns for investors, leading to skepticism about their viability, as highlighted by the Yale Journal on Regulation [4] Group 1 - The SPAC aims to convert acquired startups into publicly traded entities, focusing on high-growth sectors [1] - Palihapitiya's warning to retail investors emphasizes the volatility and risks associated with SPAC investments, suggesting they are better suited for institutional investors [2][3] - Historical performance of Palihapitiya's previous SPACs indicates significant losses, with many down over 90% from their launch date [4] Group 2 - Goldman Sachs previously banned itself from underwriting SPACs for three years but has resumed involvement, reflecting a shift in market sentiment [4] - A poll conducted by Palihapitiya revealed that 71% of respondents opposed the launch of new SPACs, indicating a lack of confidence in the SPAC model [4]

Gold has surged to record after record in recent weeks. But what's driving this. While extending a ferocious run in 2024, bullion surged about 45% this year.That's putting it on track for the biggest annual increase since 1979. It's hit a record high of over $3,800. And Goldman Sachs and Deutsche Bank both expect that rally to extend.This all comes down to gold's centuries old reputation as a safe bet, a haven asset in confusing or turbulent times. The latest rally has been fueled by the political stalemate ...

Relaxing land-use regulations could go a long way toward helping address America’s housing crunch, according to Goldman https://t.co/M7GcoYbzFJ ...

Core Insights - Sabre Corp. is focusing on automation and intelligence in the travel technology sector through recent announcements [1][2] Group 1: Recent Developments - On September 23, Sabre introduced new APIs supported by its Model Context Protocol (MCP) server, enabling AI to manage bookings, changes, and trip management across various services [2] - The new APIs are integrated into SabreMosaic, a cloud-based platform aimed at reducing costs, simplifying processes, and allowing travel providers to customize offers [2] - Earlier, on September 8, Sabre partnered with Travelin.Ai, granting access to Sabre's travel content and Lodging AI system, which enhances hotel booking rates through personalized suggestions [3] Group 2: Company Overview - Sabre Corp. provides software and technology solutions for a wide range of travel businesses, including airlines, hoteliers, travel agencies, and other suppliers [4]