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The Ukrainian presidential office: Zelensky is expected to speak with Trump in the coming days.On November 21, Goldman Sachs said in a note to clients that the S&P 500 index fell below a closely watched level, giving the green light to trend-following hedge funds that could sell nearly $40 billion worth of stocks in the coming week. The S&P 500 fell below 6725 points on Wednesday. The note, sent to clients later that day, stated that trend-following hedge funds use this threshold as a signal to either sell positions or increase short bets on further declines in stocks. Goldman Sachs calculations show that after the price fell below this level, $39 billion worth of stocks could be sold globally in the following week. If prices continue to fall, the bank estimates that systematic trend-following hedge funds could sell up to approximately $65 billion worth of stocks. Trend-following hedge funds aim to capitalize on signals at the start of a market trend—whether its upward or downward. These signals can be based on trading volume, price, or the speed of asset price changes during a trading day. The Goldman Sachs report said that these hedge funds were already long on approximately $150 billion worth of global stocks before the sell-off began. Goldman Sachs stated that the last time the stock price fell below these closely watched levels was in October, prior to which US President Trump announced a series of tariff proposals on April 2nd.The Ukrainian Presidential Office stated that after Ukraine clarified its basic principles, the United States and Ukraine will cooperate on the terms of the peace plan.Market news: Uber (UBER.N) has partnered with Starship Technologies to launch an autonomous food delivery service.Goldman Sachs maintains its 12-month bearish view on aluminum prices, expecting prices to fall to $2,350 per ton by the fourth quarter of 2026.

Following the announcement of a $19 billion acquisition bid, Toshiba shares surge

Aria Thomas

Oct 13, 2022 11:30

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Shares of Toshiba (OTC:TOSYY) Corp rose about 9 percent in Thursday morning trading, following news that a group of domestic investors is trying to acquire the Japanese conglomerate for 2.8 trillion yen ($19.1 billion).


A consortium led by Japan Industrial Partners, a Japanese private equity group, made the bid, which represented a 26% premium over Wednesday's closing price, according to Kyodo.


According to the Japanese business newspaper Nikkei, the consortium, which includes Chubu Electric Power Co, was granted the right of first refusal in its bid for Toshiba.


In Tokyo morning trade, Toshiba shares rose 8.5% to 5,566 yen, putting them on course for their highest one-day gain in almost a year.

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