Tag: goldman sachs
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Goldman Sachs cuts its China GDP forecast for 2021, warning the economy’s energy crunch is yet another growth shock
Wang Jilin / Costfoto/Barcroft Media via Getty Images Goldman Sachs lowered its 2021 GDP growth forecast for China to 7.8% from 8.2%, blaming energy constraints. Pressure to meet environmental targets has affected 44% of China's industrial activity, its economists said. Evergrande-related risks to the property sector and regulatory clampdowns are other headwinds to the economy.…
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Tesla locks in stock surge with $2B offering at $767 per share
Tesla has priced its secondary common stock offering at $767, a 4.6% reduction from Thursday’s share price close, according to a securities filing Friday. Tesla said in the filing it will sell 2.65 million shares at that discounted price to increase over $2 billion. Lead underwriters Goldman Sachs and Morgan Stanley have the option to…
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What Big Banks Say About Being ‘Screwed’ — Data Sheet
Adam Dell, the head of product for Its Goldman Sachs Customer Lender Marcus, delivered a zinger to the Brainstorm Finance audience in Montauk, N.Y., Thursday afternoon. “There are only two kinds of banks,” he explained. “There are banks that are screwed. And banks that don’t know they are screwed.” Dell can be smug since his…
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Africa Roundup: Paga goes global and 4 startups raise $99M in VC
Jake Bright Contributor Jake Bright is a writer and Writer in New York City. He is co-author of The Next Africa. More articles by this contributor Polestar unveils first Manufacturing EV with aim to overtake Tesla Liquid Telecom goes on Africa’s startups as future clients Nigerian digital payments startup Paga is gearing up to get international growth…