Former Goldman programmer fails, again, to toss theft conviction
Tuesday, 8 October 2019 A New York state appeals court on Tuesday refused to toss out a former Goldman Sachs Group Inc computer programmer's theft conviction, rejecting his claim that he was wrongly prosecuted twice for the same conduct.
Business Insider reports that US stocks are on course to close lower for a third consecutive week. The S&P 500 has lost nearly 9% since early September's record high. That decline was mainly driven by losses in the technology sector. But Goldman Sachs, Wells Fargo and Deutsche Bank are upbeat the US stock market sell-off is mostly over. Goldman Sachs kept its end-of year S&P 500 target to 3,600 by year end.
Is another bubble about to burst? Goldman Sachs said Wall Street's most popular fear gauge is flashing a warning sign not seen since the bursting of the dot-com bubble in 2000. Typically, when the stock market rises, volatility tends to fade. But Goldman said this pattern has been overturned. The S&P 500 and the VIX index have currently hit record peaks in correlation to each other.
On Thursday, Goldman Sachs said the S&P 500 can hit 3,600 if markets price in the bank's "comparatively more optimistic US GDP forecast." The banks analysts say specific market conditions would yield the growth. The economy contracts by only by 5% in 2020. It would have to grow by 6.2% next year. After that real yields will rise sharply to levels of "cyclical optimism" in June 2021.
On Friday, Goldman Sachs lifted its 2020 S&P 500 earnings-per-share estimate. The move comes after better-than-expected second-quarter results. Business Insider reports that Goldman expects 2020 S&P 500 EPS of $130, from $115. That's about 21% lower than 2019. Goldman also thinks S&P 500 earnings will surge 30%, to $170 per share in 2021. The estimate is tied to Goldman's economic growth outlook.
Two people have been killed and 14 have been left injured after a mass shooting in Rochester, New York state.
The attack happened at a gathering of about 100 people, which police said was breaking Covid-19 restrictions.
Interim Police Chief Mark Simmons added none of those wounded are believed to have sustained life-threatening injuries.
This comes after Rochester Police Department was rocked by the suffocation death of Daniel Prude. Report by Avagninag. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Two people died and 14 others were wounded at a party in Rochester, New York,early on Saturday, police said. A male and a female died in the shooting at aback yard event, interim police chief Mark Simmons told reporters. None of the14 wounded people taken to hospital suffered life-threatening injuries, MrSimmons said.
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The Gone Girl star accused the snapper of misconduct during a 2012 photoshoot in a new essay published by Vulture, recalling her agent at the time advised her to stay the night at Leder's home in the Catskill Mountains in New York.
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