Wall Street firm Goldman Sachs is issuing a warning about commodities. Gold, iron ore and oil prices are seeing a rebound at the moment with many analysts believing that commodity prices have ‘bottomed out’ but Goldman Sachs says the current surge in commodities is ‘not sustainable’. The firm says oil prices need to stay lower for some time yet to allow rebalancing in supply an demand to take place. Tennis star Maria Sharapova is losing millions in sponsorship endorsements. Nike (NKE) says it will suspend its relationship with Sharapova while the investigation into her testing positive for a banned substance takes place. Swiss Watchmaker Tag Heuer says it will end its 12 year relationship with Sharapova. And Porsche is postpone any more deals with her until it can analyze the situation. Forbes says Sharapova is the highest paid female athlete in the world, earning $30 million last year. Shake Shack (SHAK) earnings and revenue beat estimates but its sales growth outlook disappointed.
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