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The index was originally developed in 1991, by Goldman Sachs. In 2007, ownership transferred to Standard & Poor's, who currently own and publish it. Futures of the S&P GSCI use a multiple of 250. The index contains a much higher exposure to energy than other commodity price indices such as the Bloomberg Commodity Index.
In 2007, former Goldman Sachs trader Matthew Marshall Taylor was fired after hiding an $8.3 billion unauthorized trade involving derivatives on the S&P 500 index by making "multiple false entries" into a Goldman trading system, with the objective of protecting his year-end bonus of $1.5 million. The trades cost the company $118 million.
Viswanathan said Goldman Sachs expects US home prices to rise 4.4% in 2025, up from a 3.2% projection in April. Additionally, it could take a while before the Federal Reserve's interest rate cuts ...
New analysis from Goldman Sachs shows how a record consolidation at the top of the S&P 500 led to much of the index's 2023 gains. ... per share growth expectations are 17% for the Seven while that ...
In 2015 he was transferred from New York to the London office (a typical move for Goldman Sachs executives slated for senior leadership). [1] He was briefly sole head of the securities division in 2018, during a leadership reshuffle. [3] He is considered a protégé of former CEO Lloyd Blankfein. [4] He has lived in New York City for most of ...
News of Goldman’s $400 million projected loss caused shares to decline 4% but the stock has since rebounded, adding nearly 4% to $503.48 in afternoon trading Thursday.
Goldman's team raised their year-end target to 4,500 from 4,000, citing new forecasts for a "soft landing" for the US economy and earnings that come in at $224 per share for the index, above the ...
Goldman roll. The Goldman roll is the monthly sale and purchase of commodities for the Goldman Sachs Commodity Index (S&P-GSCI). While a stock market index is a purely mathematical construct, a commodity index requires entering a long position or ownership of a physical product through a futures exchange. These contracts must be released and ...