Bloomberg Goldman Sachs Group Inc. has become a little more optimistic on earnings prospects for the S&P 500 Index this year but stressed that management commentary from companies is going to be important to gauging the outlook. Goldman’s baseline forecast for S&P 500 earnings per share in 2020 is $115, up from a prior estimate of $110. The firm maintained ...

Abu Dhabi / WAM The UAE government’s efforts to provide financial aid and other social benefits to citizens intensified in 2019. These efforts were highlighted by rise in aid in 2019, reaching AED7.46 billion, an increase of 2% compared to AED7.32 billion in 2018. Financial aid and social benefits accounted for 13.4 percent of total federal government expenditures in 2019, ...

Bloomberg Saudi Oil Minister Prince Abdulaziz bin Salman likes the idea of Opec+ acting as the central bank of oil. And he expresses admiration for Alan Greenspan, former chairman of US Federal Reserve. The challenge now confronting the oil producers’ club is one that’s all too familiar to the Fed: how to avoid a “taper tantrum,” the market panic that ...