Goldman Sachs sees recession in 2008
213423
Goldman Sachs on Wednesday said it expects the U.S. economy to drop into recession this year, prompting the Federal Reserve to slash benchmark lending rates to 2.5 percent by the third quarter.
112251
Goldman Sachs Group Inc  said on Tuesday fourth-quarter earnings rose 2 percent, beating expectations and capping a record year, but its shares fell after the investment bank cautioned that markets will remain challenging in the near future.
87417
Goldman Sachs Group Inc.  posted its best quarterly earnings ever on Tuesday on record trading and banking results, trouncing expectations that were recently lowered amid fears that mortgage market woes and volatile stocks would hurt results.
340876
The U.S. economy may be in recession,  based on Midwest manufacturing data, a report said on Thursday.
210862
The world is a less risky place these days, but that doesn't mean investors should stop preparing for bad times, Goldman Sachs Group  Chairman and Chief Executive Lloyd Blankfein said Wednesday.
306257
Banks will continue to suffer into 2009 as turmoil in the credit markets drags on, credit ratings agency Standard & Poor's said on Friday.
589859
Goldman Sachs reported that profits were flat from a year ago, as the weak mortgage market helped drive down fixed-income revenues.
499512
Investment bank HSBC has revised  downward its forecast for 2007 economic growth and cautioned  that the risk of an outright recession is growing as a retreat  in housing threatens household balance sheets.
425622
Goldman Sachs Group Inc  and Credit Suisse Group  on Friday said they will cut about 2,000 job worldwide as a credit crisis puts a damper on fixed-income trading and corporate dealmaking.
271667
Goldman Sachs Group Inc. , the world's largest investment bank, said on Tuesday quarterly earnings nearly doubled on strong growth in almost every business, but some investors questioned whether the company can keep up the pace.
311233
A slowing economy and a fresh batch of financial problems for banks put the major indexes on track for one of their worst yearly starts.
438069
Third-quarter results from Goldman Sachs and Lehman Brothers point to many difficult months ahead for Wall Street.
418136
Hedge funds will likely yield good returns from distressed assets in 2008, while M&A-linked arbitrage would dwindle as financial market turmoil is far from over, HSBC's alternative investment group said on Monday.
316519
According to Wall Streetâs forecasters, the recession of 2008 is now unavoidable. That is, if you read between the lines of their predictions.
690097
"Growth will slow down, due to increased global risk"  Germany's economy minister and a leading economic institute said Wednesday they expect 2008 growth to cool amid rising food and oil prices and fallout from the U.S. subprime mortgage loan crisis.Economy Minster Michael Glos was quoted by the mass-circulation Bild daily as saying the government was scaling back its forecast for 2008 to just under 2 percent. He did not give an exact figure.The Berlin-based DIW economic institute said it expected gross domestic product to expand by 2.1 percent in the coming year, following growth of at least 2.4 percent in 2007. Read more
334996
The U.S. economy this month has fallen into a recession, which should last for the next four to five months, Bill Gross, chief investment officer of the world's largest bond fund manager, told the Financial Times.
78222
Goldman Sachs Group Inc. , top banker to blue-chip companies, sees big opportunities in smaller deals.