Goldman Sachs Group (the) Stock News

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The bank is introducing crypto-curious clients to Galaxy’s Institutional Ethereum Fund, according to SEC documents.

The bank is introducing crypto-curious clients to Galaxy’s Institutional Ethereum Fund, SEC documents show.

Someone with a lot of money to spend has taken a bearish stance on Goldman Sachs Group (NYSE: GS ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with GS, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga ''s options scanner spotted 31 uncommon options trades for Goldman Sachs Group. This isn''t normal. The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish. Out of all of the special options we uncovered, 16 are puts, for a total amount of $1,410,220, and 15 are calls, for … Full story available on Benzinga.com

One Of China''s Largest Banks Unable To Pay Margin Call After Today''s Monster Nickel Squeeze Around the time Peabody was served with a $ 534 million margin call on its hedging coal futures short, which it funded with a new $150MM unsecured (10%) revolver from Goldman Sachs, one of China''s largest banks was also served with a margin call for hundreds of millions of dollars on a nickel short gone terribly bad after the price of Nickel did… well this: However, unlike Peabody, a unit of China Construction Bank Corp - one of China''s "Big Four" banks - was given additional time by the London Metal Exchange to pay hundreds of millions of dollars of margin calls it missed Monday amid an unprecedented spike in nickel prices. The reprieve from the LME - which just last week sent out thousands of erroneous margin calls on metals contracts - means that the unit, called CCBI Global Markets, is not formally in default, Bloomberg reported citing sources. The details of the non-payments aren''t quite clear: Bloomberg notes that the deferred default "isn’t necessarily an indicator of any problems at the parent company" although Bloomberg may be merely trying not to antagonize a major client.

Former Goldman Sachs Group Inc banker Tim Leissner can be questioned about certain emails he sent his estranged wife Kimora Lee Simmons Leissner to determine whether he’s a “cunning liar,” a judge ruled.

Coal Titan Peabody Hit With Margin Calls On Sunday, we published the latest note from Credit Suisse funding guru Zoltan Pozsar in which he explained why "toxic" commodities originating in Russia and used as collateral in various funding chains (which he likened to a downgrade of a CDO tranche from AAA to junk overnight, as buyers suddenly balk at any Russian exports), could set the stage for a "Classic liquidity crisis." Among the many topics covered in the expansive note, Pozsar touched on the threat of margin calls facing producers (who are long physical commodities in the spot market, and short futures to hedge exposure), and mused "Does going from AAA to junk trigger margin calls? You bet!" This is what we said last night : Pozsar points to Glencore''s iconic - if criminal - founder, whose Marc Rich’s legacy in the annals of global finance was to introduce the concept of leverage and borrowed money into commodity trading. It’s simple: a bank lends you the money to lease ships and buy commodities to deliver them sometime and someplace in the future at a locked-in price (via short futures).

Peabody Energy Corp. shares fell 7.7% Monday after the company said it posted $534 million since Dec. 31 to satisfy margin requirements. The company also announced a $150 million unsecured multiple draw credit facility with Goldman Sachs Group Inc. . The financing will support Peabody Energy''s potential near-term liquidity requirements in case of of additional increases in underlying coal prices. Peabody Energy said high demand and tight supply for coal has been amplified by the Russian-Ukrainian conflict resulting in "unprecedented upward volatility" in pricing of Newcastle coal, the price benchmark for seaborne thermal coal in the Asia-Pacific region. Other than 1.9 million metric tons at its Wambo Underground Mine in Australia priced at $84 per metric ton, export sales from Peabody''s seaborne thermal segment are largely unpriced and will benefit if the current pricing environment persists, Peabody said. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

Many international firms are slashing their operations in Russia after its invasion of Ukraine almost two weeks ago.

Global accountancy firms PwC and KPMG said on Sunday evening (6 March) that they would be closing their offices in Russia amid the accelerating war in Ukraine. …

As the markets face the triple threat of an ongoing war, oil shortages and rising interest rates, former Goldman Sachs executive Raoul Pal says the current dynamics remind him of March 2020, and investors should be buying gold and crypto. What Happened: In a litany of tweets on Friday, Pal outlined his view that the likelihood of interest rate hikes is growing smaller by the day, as the Fed and other central banks may be forced to take a more dovish economic stance to avoid a recession. The odds of rate hikes are falling fast because hiking rates into a supply shock just exacerbates what is likely to become a global recession as the Russia situation will not get solved fast. Demand will erode fast at these prices too. — Raoul Pal (@RaoulGMI) March 4, 2022 Pal told his over 900,000 Twitter followers that “Europe is now in … Full story available on Benzinga.com

(Reuters) – Goldman Sachs Group Inc is shifting some of its Moscow-based employees to Dubai as its staff seeks to work from a different location following Russia’s invasion of Ukraine, Bloomberg News reported on Sunday.

(Bloomberg) -- A portion of Goldman Sachs Group Inc.’s Russia staff is relocating out of the country as firms react to a global effort to shut off the Russian economy after the invasion of Ukraine.

Wall Street Is Quietly Trading For The Return Of Russia, Sparking Liz Warren''s Outrage For holders of Russian equities, the past week has been nothing short of a surreal, modern-day version of Dante''s 10th circle of hell, where in the span of just a few days virtually all Russian stocks have seen their value wiped out as a result of a barrage of western sanctions that have disconnected Russian equities from global capital markets and money flows, nowhere more visibly than in the stock of Russian Novatek PJSC, Russia''s second-largest natural gas producer and the world''s seventh-largest publicly traded company by natural gas production volume, which collapsed from $215 on Feb 16, to 65 cents a few days later. The carnage has been unprecedented, and not just at Novetek - the most widely-held Russian stock among ETFs and other international investors - but across the equity spectrum where adding insult to injury, investors have been blocked from selling their holdings as stocks plunged and fortunes were wiped out overnight.

Jim Cramer , host of CNBC’s "Mad Money" for an astonishing 18 seasons, has served as the receiving end of many jokes. His stock-picking record — despite the on-air shouts, blurts, and high-octane isms — has remained close enough to market averages to avoid being laughed out of town, and off his show. Recently, a Twitter account was born that is aptly named " Inverse Cramer ETF ." It has over 25,000 followers and this description: “Tracking the stock recommendations of Jim Cramer so you can do the opposite.” A Brief History of Cramer: Cramer graduated from Harvard with a law degree, but he did not practice law. Instead, in 1984 he got a job with Goldman Sachs Group Inc (NYSE: GS ). … Full story available on Benzinga.com