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US Labor Secretary slams Fed chair for not cutting rates, plus how AI is impacting the labor market
Yahoo Finance· 2025-09-05 15:52
Hello. Hello. I'm Yao Finance executive editor Brian Sazi and you're taking a look at a live shot of the opening bells on Wall Street on this Friday morning.Uh ELF Beauty or Elf Beauty. They either go by either name, I think. Uh ringing the bell to New York Stock Exchange, BCB Investment Corp. getting things underway at the NASDAQ.The hidden messages from the jobs report. There are a lot here, folks. Lot to unpack.US economy created a near 22,000 jobs in August, badly missing economists uh estimates for abo ...
Goldman Sachs' Jan Hatzius: Jobs report shows labor market is softening, implicates September cut
CNBC Television· 2025-09-05 15:25
Welcome back. The economy adding 22,000 jobs in August. That was well below estimates while the unemployment rate ticked higher as expected.4.3% is the new unemployment rate. Yan Hatius, Goldman Sachs chief economist, head of global investment research joins us now to discuss. Welcome back, Yan.Hi. Good good to see you're still you're still here after the uh the president's assault, which we'll we'll talk to you about in a moment. But just reaction on on jobs to this weaker print.It was a little bit weaker ...
Newmark Secures $425 Million Refinancing for National Self-Storage Portfolio
Prnewswire· 2025-09-04 22:59
Core Insights - Newmark Group, Inc. has arranged a $425 million loan for Centerbridge Partners and Merit Hill Capital to refinance a national portfolio of 78 self-storage properties [1] - The portfolio consists of nearly 32,000 units across 4.65 million rentable square feet, with an NOI growth exceeding 18% since 2023 [2] - Demand for self-storage units in the U.S. remains strong, with a same-store occupancy rate of 90.7% and robust operational efficiency [3] Company Overview - Newmark Group, Inc. is a leading commercial real estate advisor with over $2.9 billion in revenues for the twelve months ended June 30, 2025, and operates from 165 offices globally [6] - Centerbridge Partners, L.P. manages approximately $43 billion in assets and focuses on private equity, private credit, and real estate investments [4] - Merit Hill Capital has acquired 535 self-storage facilities across 38 states, managing over 34.4 million rentable square feet [5]
How trade uncertainty impacts markets, the unemployment rate for recent grads is rising
Yahoo Finance· 2025-09-04 14:54
Welcome to Yahoo Finance's flagship show, The Morning Brief. I'm Raman Kumali. Let's get to the three things you need to know today.First up, markets are on edge as investors keep a close eye on the labor market and trade uncertainty. US stock futures are pointing just slightly in the green on the main, but really lacking in direction at the opening bell. The job market is slowing down.The August ADP report showing the private sector added 54,000 jobs last month. That was worse than the estimate of 68,000. ...
GOLDMAN SACHS AND T. ROWE PRICE ANNOUNCE STRATEGIC COLLABORATION TO DELIVER INNOVATIVE PUBLIC-PRIVATE INVESTMENT SOLUTIONS
Prnewswire· 2025-09-04 11:24
Core Viewpoint - Goldman Sachs and T. Rowe Price have announced a strategic collaboration to provide diversified public and private market solutions tailored for retirement and wealth investors [1][2]. Group 1: Collaboration Details - The collaboration aims to leverage the strengths of both firms, focusing on wealth and retirement offerings that include access to private markets for various clients [2]. - Goldman Sachs plans to invest up to $1 billion in T. Rowe Price common stock, aiming to own up to 3.5% of the company [3]. - The partnership is expected to enhance T. Rowe Price's and OHA's capabilities in delivering a wider range of investment strategies, emphasizing innovation and new product creation [4]. Group 2: Investment Strategies - New co-branded target-date strategies will be offered, utilizing T. Rowe Price's retirement expertise and incorporating Goldman Sachs' investment capabilities [7]. - A series of jointly created model portfolios will be introduced, combining various investment vehicles tailored for mass-affluent and high-net-worth clients [7]. - The firms are considering multi-asset offerings that provide access to private equity, private credit, and private infrastructure within a single vehicle [7]. Group 3: Advisory Solutions - The collaboration will deliver a scalable advisory platform for advisors to manage retirement accounts both in-plan and out-of-plan [7]. - Integration of retirement planning and advice into T. Rowe Price's recordkeeping and Individual Investor platforms is part of the collaboration [7]. Group 4: Company Backgrounds - Goldman Sachs oversees approximately $3.3 trillion in assets under supervision as of June 30, 2025, and is a leading global financial institution [8]. - T. Rowe Price manages $1.70 trillion in client assets as of July 31, 2025, with a significant portion related to retirement [10]. - OHA, as part of T. Rowe Price Group, manages approximately $98 billion in assets across various credit strategies as of June 30, 2025 [12].
Oil Prices Fall on Fears of OPEC+ Supply Boost, US Slowdown
Bloomberg Television· 2025-09-04 05:52
Feels as though the market sentiment towards oil is turning increasingly bearish. What would you say is the consensus view amongst the analyst community out there right now. Glug, glug glug.I think that's the big story that people are contending with, not just as we move into the fourth quarter, but as Goldman Sachs is saying. We'll see as we move into next year. The big issue with your money is that, you know, you've seen OPEC bring back so many barrels.The two and a half million barrels a day that they fa ...
X @Bloomberg
Bloomberg· 2025-09-04 03:58
Gold could rally to almost $5,000 an ounce if the Fed’s credibility were damaged and investors shifted just a small portion of holdings from Treasuries into bullion, Goldman Sachs says https://t.co/cNGxWEazIv ...
Goldman Sachs: The Big Bank You Want To Buy
Seeking Alpha· 2025-09-04 00:31
In my previous article on The Goldman Sachs Group, Inc. (NYSE: GS ), I discussed their Q1 results. The company demonstrated resilience amid macro headwinds, and its valuation was relatively attractive. Therefore, as shown below, I reiteratedI'm a full-time investor with a strong focus on the tech sector. I graduated with a Bachelor of Commerce Degree with Distinction, major in Finance. I'm also a proud lifetime member of the Beta Gamma Sigma International Business Honor Society. My core values are: Excellen ...
BAC, JPM, MS, C, BCS & 5 Other Big Banks Win U.S. Antitrust Lawsuit
ZACKS· 2025-09-03 16:36
Core Viewpoint - A U.S. Judge has dismissed an antitrust lawsuit against 10 major banks, indicating a lack of evidence for collusion or market manipulation in corporate bond pricing [1][6]. Summary by Sections Lawsuit Overview - The lawsuit involved allegations against Bank of America, JPMorgan, Morgan Stanley, Citigroup, and Barclays, among others, claiming they manipulated corporate bond prices to the detriment of retail investors [1][2]. - Investors accused these banks of imposing excessive charges on "odd-lot" trades, which are trades valued under $1 million or involving fewer than 1,000 bonds, leading to profits that were significantly inflated by 25% to 300% compared to larger "round-lot" trades [2]. Legal Proceedings - The case was initially dismissed in October 2021 by U.S. District Judge Lewis Liman, who later disclosed a potential conflict of interest due to his wife's holdings in Bank of America [3]. - In July 2024, the federal government appealed the dismissal, citing concerns over Liman's impartiality [3]. Court's Findings - U.S. District Judge Valerie Caproni stated that investors did not provide sufficient evidence to prove that the banks conspired to manipulate pricing through their trading platforms or to exclude alternative platforms [4]. - Despite the banks controlling approximately 65% of underwriting and 90% of trading in corporate bonds, this did not equate to control over secondary market pricing [5]. - The court found no evidence of illegal activity in the four years leading up to the lawsuit's filing, which weakened the case under the Sherman Antitrust Act [5]. - The dismissal was issued with prejudice, meaning the lawsuit cannot be refiled [5].
X @Bloomberg
Bloomberg· 2025-09-03 16:30
Goldman Sachs and KKR are among lenders providing around €1.4 billion of one of the most expensive types of debt to back CapVest Partners’ acquisition of a majority stake in German drugmaker Stada Arzneimittel AG https://t.co/RXjEOE2v7s ...