Market Watch

Jan 17 (Reuters) – Goldman Sachs Group Inc (GS.N) on Tuesday reported a bigger-than-expected 69% drop in fourth-quarter profit as it struggled with a slump in dealmaking, a drop in asset and wealth management revenue and booked losses at its consumer business. Wall Street banks are making deep cuts to their workforce and streamlining their operations as dealmaking activity, their major source of revenue, stalls on worries over a weakening global economy and rising interest rates. Goldman is also curbing its consumer banking ambitions as Chief Executive Officer David Solomon refocuses the bank’s resources on strengthening its core businesses such as investment banking and trading. Solomon confirmed that the bank was cutting 6% of its headcount, or around 3,200 jobs, and was making changes to the consumer business to navigate an uncertain outlook for 2023. "We tried to do too much too quickly," he said about the consumer business such as its direct-to-consumer unit Marcus. "We didn’t execute perfectly on some so we’ve taken a hard look at those, and you make adjustments." Latest Updates Goldman reported a net loss of $660 million at its platform solutions unit, which houses transaction banking, credit card and financial technology businesses, as […]

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Businesses are entering into a new era in which digital acceleration is happening worldwide, says Ms Ng. As businesses have become more engaged in their online journey, driven by the pandemic, they now need to gear up for digital transformation, including the use of cloud and automation, to be agile and competitive and to thrive in the new economy. Sandra Ng, group vice-president and general manager for Asia-Pacific research at tech market research firm IDC, said businesses are now entering into a new era in which digital acceleration is taking place around the world. "This is going to be super important for organisations to drive the new digital value creation," said Ms Ng. According to IDC, spending on digital technology by organisations in Asia-Pacific will grow by 3.5 times the economy in 2023, establishing a foundation for operational excellence, competitive differentiation and long-term growth. By 2024, 30% of organisations in Asia-Pacific will have a business continuity crisis management strategy that includes continuous intelligence and enables an agile reaction to future economic shocks and disruptions, IDC indicates. By 2026, 40% of total revenue for 2,000 organisations based in Asia will be generated by digital products, services and experiences, up from […]

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Opportunity Zones, created by the Tax Cuts and Jobs Act of 2017, offer investors capital gains tax incentives to invest in any of the 8,764 eligible Census tracts (12% of all Census tracts in the U.S.). The Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution convened an invitation-only, on-the-record conference on Opportunity Zones on November 18, 2022, including presentations of four empirical papers and two roundtables. One roundtable asked: What data are needed to fully evaluate Opportunity Zones? The other asked: What does success for Opportunity Zones look like? The agenda and a list of participants, not all of whom participated in the entire event, are at the end of this summary. The conference was supported by Arnold Ventures . The Hutchins Center was solely responsible for its content. Among the highlights: The best data to measure the impact of OZs is collected by the IRS, but it is available only to Treasury and certain Congressional researchers, limiting the ability of outside, independent researchers to evaluate OZs. Researchers are, however, using commercially available real estate data to try to gauge the impact of OZs, but are constrained by the absence of information about whether particular investments […]

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GBP/USD’s recovery could meet resistance near 1.2382 Scope for technical supports at 1.2142, 1.1991 & 1.1990 Fed’s golden QT opportunity potentially a risk multi-week But UK economic data could support short-term rebound Image © Adobe Images The Pound to Dollar exchange rate entered the new week on the front foot and could have scope to rise further in the days ahead but the recent loosening of ‘financial conditions’ risks inviting a Federal Reserve (Fed) quantitative tightening (QT) response that would be a potential risk for Sterling multi-week. Sterling rose against many of its major currency counterparts in Asia trading on Monday as last week’s Dollar selling continued but could soon face obstruction from technical resistances around 1.2302 and 1.2382 on the charts if its rebound continues over the coming days. Dollars have been sold widely in recent trade including after official figures revealed a third successive decline in U.S. inflation for the month of December last Thursday while offering the Fed a glimpse of a possible victory in its battle to return inflation to the 2% target. "Over time, we think the narrative may shift back in a more neutral or Dollar supportive direction—as US economic resilience becomes more […]

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Global Cooperation The world needs more leaders who can stay focused on long-term resilience objectives while addressing the short-term challenges. The Big Picture Crowdsource Innovation Global disruption is ramping up, everywhere from geopolitics to food and energy. Addressing these disruptions cannot be done in a piecemeal manner — we must confront them systemically. Sustained collective action by the public and private sectors is the only path forward; a resilient growth strategy is not only a necessity, but it also represents an opportunity. In the past year, leaders of public and private-sector organizations have been confronted with a lifetime’s worth of disruption and crises. Global conflict, energy uncertainty, food shortages, accelerating inflation and severe climate events rocked a world still unsettled by the COVID-19 pandemic. Consequently, leaders now recognize that our societies and organizations must function in an environment defined by continuous natural and man-made disruptions. These disruptions cannot be addressed in a reactive manner as they arise one after the other and reverberate through our fragile ecosystems and stressed networks. An isolated, short-term focus on a discrete recovery from every crisis is not a feasible path — there aren’t enough resources in the world to do that. We need […]

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The Big Picture Crowdsource Innovation From sustainability to complex geopolitical shifts and a potential recession, CEOs have a lot to navigate in 2023. How these issues are managed often falls on the organization’s Chief Communications Officer (CCO). CCOs give their unique perspective on current and impending business risks and opportunities to help CEOs successfully steer their organizations through these turbulent times. Whatever the size of your organization, your customers, employees, suppliers, investors and other stakeholders have a growing list of expectations for it. Greater diversity, equity and inclusion (DE&I), optimal sustainability and enhanced workers’ rights are among some of your stakeholders’ demands. Alongside this, there are external factors to navigate: complex geopolitical shifts, the lingering COVID-19 pandemic and a potential recession. Presenting how you manage all these challenges is key and for that CEOs are increasingly relying on their Chief Communications Officers (CCO). A survey, carried out by Page entitled CCO views in 2023 , asked CCOs from organizations worldwide what they see as the key business risks and opportunities for organizations today. And, it asked CCOs for the advice they have for CEOs looking to manage those dangers and harness that potential for growth. When asked: what are […]

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Source: Shutterstock While Kontron AG ( ETR:SANT ) might not be the most widely known stock at the moment, it saw a significant share price rise of over 20% in the past couple of months on the XTRA. Less-covered, small caps sees more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing. So, could the stock still be trading at a low price relative to its actual value? Let’s take a look at Kontron’s outlook and value based on the most recent financial data to see if the opportunity still exists. What’s The Opportunity In Kontron? According to my valuation model, Kontron seems to be fairly priced at around 13% below my intrinsic value, which means if you buy Kontron today, you’d be paying a reasonable price for it. And if you believe the company’s true value is €20.58, then there isn’t much room for the share price grow beyond what it’s currently trading. Although, there may be an opportunity to buy in the future. This is because Kontron’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to […]

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Source: Shutterstock Key Insights Arjo’s estimated fair value is kr82.5 based on 2 Stage Free Cash Flow to Equity Current share price of kr42.6 suggests Arjo is 48% undervalued How far off is Arjo AB (publ) ( STO:ARJO B ) from its intrinsic value? Using the most recent financial data, we’ll take a look at whether the stock is fairly priced by taking the forecast future cash flows of the company and discounting them back to today’s value. Our analysis will employ the Discounted Cash Flow (DCF) model. Don’t get put off by the jargon, the math behind it is actually quite straightforward. Remember though, that there are many ways to estimate a company’s value, and a DCF is just one method. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model . The Calculation We’re using the 2-stage growth model, which simply means we take in account two stages of company’s growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. To begin with, we have to get estimates of […]

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Floor Cleaning Machine Market Size 2023 Global floor cleaning machines market size was valued at USD 5.81 billion in 2023 and is projected to reach USD 8.39 billion by 2031, growing at a CAGR of 4.7% NEW YORK CITY, NEW YORK, UNITED STATES, January 17, 2023 / EINPresswire.com / — This market report Floor Cleaning Machine analyzes market segments by product type, including sales volume, revenue, market share, growth rate, and price analysis for each manufacturer and IRobot, Ecovacs, Nilfisk, Bucher (Johnston), ZOOMLION, Karcher, Hako, Tennant, Elgin, FULONGMA, Aebi Schmidt, LG, Samsung, Sharp, Comac, IPC Eagle, NSS, FAYAT GROUP, Exprolink, Alamo Group. "Final Report will provide analysis of the effect of COVID-19 in this industry." The "Global Floor Cleaning Machine Market report 2022 provides information on various factors that impact the market, including development and future prospects. The report also includes an analysis of the market’s entire industrial chain. It covers key raw materials suppliers, price analysis, manufacturing cost structure analysis, and alternative product analysis. It provides information about the major distributors, downstream customers, and the effect of the COVID-19 epidemic. The Floor Cleaning Machine market report also shares information on the market’s key players, including their product profiles, […]

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At Vine Group Mortgage Alliance, mortgage agents are leveraging niche markets to grow their business amid cooler activity Fergal McAlinden of Canadian Mortgage Professional spoke with Hugo Dos Reis, Jerome St. Bernard, Max Escrogin, and Johnson Andrews of Vine Group Mortgage Alliance to hear how they’ve been sourcing new opportunities in the current market While interest rates spiked and new purchases slowed throughout most of last year in Canada’s housing market, there’s still plenty of opportunity for agents and brokers who are ready to innovate and adapt to the new climate they face as 2023 gets underway. In that much-changed market, now more than ever is the time for mortgage professionals to focus on educating clients and establishing themselves as a trusted source of expertise in specific areas, according to Hugo Dos Reis, partner and broker at Vine Group Mortgage Alliance. “There’s still a healthy amount of demand for our market and there’s always an opportunity to do business,” he told Canadian Mortgage Professional. “You just have to find a niche, provide some education to clients, and you can still excel in the current market – and possibly do even better.” That’s been evident at Vine Group, which has […]

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