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Stock impact report

M&A is cleaning the decks for AI [Yahoo! Finance]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Yahoo! Finance
Gold is a classic doomsday asset. M&A tends to rise when executives feel good about the world. They shouldn't travel together — and certainly not when interest rates are still relatively high, which makes dealmaking more expensive and non-yielding assets like precious metals less attractive. My best attempt to square these milestones will — I'm sorry, I know it's Christmas Eve Eve — be a bit of a bummer. M&A may be less of a purely bullish indicator than we think, particularly the mergers we're seeing now, which are largely aimed at defending moats rather than building for the future. It's “endgame consolidating,” Goldman Sachs President John Waldron told me this spring , with the goal of each industry having “a few large players.” He blames (or credits, as Wall Street rakes in M&A fees) AI: “If you're going to create a generative-AI rewiring of your business and take a lot of cost out, you'd rather do it on a broader canvas. So if there is a deal that you want to do, go do that Show less Read more
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