After years of slowing earnings growth and little in the way of excitement for many Wall Street analysts, many are now hopeful that President-elect Donald Trump will finally make things interesting.
When collating data for the Goldman Sachs Group Inc. Analyst Index — a proprietary measure of growth across different sectors of the S&P 500 — the firm included a question this month on what the election of Donald Trump will mean for the industries covered by those surveyed. Turns out, they are rather optimistic.
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Time For Truth: (Bloomberg) – Goldman Says Trump's Presidency Will Benefit Stocks in Almost Every Sector
Downing Street has ordered an investigation into how a memo sent to senior civil servants to warn about the consequences of leaking information was passed on to journalists within days.
Theresa May’s official spokeswoman said that action was under way to find out who had sent the letter, written by the cabinet secretary, Sir Jeremy Heywood, warning officials that they faced the sack if they leaked information, to a Sunday newspaper.
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Time For Truth: (The Guardian) – PM orders inquiry into leak of memo about Brexit leaks crackdown
The unelected executive arm of the European Union (EU) is threatening to escalate from “non-legislative” action if Facebook, Twitter, and YouTube do not censor what it considers “illegal” online speech within 24 hours.
In May of this year, the U.S. tech giants signed a “code of conduct”, promising to work with the Commission and national law enforcement to “criminalize” and “sanction” “individual perpetrators” as well as committing to “promoting independent counter-narratives” that the EU favours.
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Time For Truth: (Breitbart) – EU Threatens Action if Facebook ‘Hate Speech’ Not Censored in 24 Hours
The pre-election predictions of communications professionals surveyed by PRWeek proved to be unanimously – and embarrassingly – wrong. Could every PR executive in the U.S. have been so off, or was this a case of media bias in choosing the “experts?”
On Nov. 8, PRWeek published “They’re with her: PR execs predict a resounding Clinton victory,” in which it reported the pre-election predictions of 22 communications professionals – not one of whom predicted Donald Trump would win the election. Not only were their predictions wrong, they were embarrassingly wrong, with some apparently more influenced by personal opinion than science.
British lawmakers backed Prime Minister Theresa May’s Brexit timetable on Wednesday after she headed off a rebellion in her Conservative Party over a lack of insight into the government’s strategy to leave the European Union.
May has come under pressure from lawmakers, businesses and investors to set out at least a broad picture of how she sees Britain’s future relationship with the EU. She says giving too much away could weaken Britain’s hand in the country’s most important negotiations since World War Two.
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Time For Truth: (Reuters) – British lawmakers back PM May's Brexit timetable