Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
Goldman Sachs is expecting the commodities sector to generate returns of almost 10 percent next year, more than other assets over the long run.
Robust demand growth for raw materials worldwide should underpin the case for investors to own them, Goldman said in a research note published Monday.
Jeffrey Currie, global head of commodities research at the U.S. bank, said "a positive carry in key commodity markets and already strong global demand growth across the commodity complex reinforces the case for owning commodities. And hence we maintain our 12-month overweight recommendation, now with a forecasted return of almost 10 percent."
Unlike equities, which discount future growth, commodities rise as the current levels of demand offset the amount of available supply, according to Goldman.
The bank said it does not anticipate the oil market to shift back into contango — when futures prices for a commodity are higher than the current spot price — in 2018. Therefore, a positive roll yield in oil will bring returns of around 15 percent next year, Goldman analysts said. The roll yield refers to an amount gained when the futures price converges to the spot price as time passes.
While Goldman said it had "significant divergences" regarding its views on metal commodities, its analysts were most bullish on copper and most bearish on aluminum.
"The difference lies in the supply dynamics … While copper supply is likely to become increasingly constrained over the coming years, aluminum supply should become more abundant," Goldman analysts said.