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
Edward Snowden, the former National Security Agency contractor who shared classified information about the U.S. government’s surveillance programs with journalists, criticized the U.S. justice system Sunday for how it treats “well-connected” individuals.
Snowden cited the case of retired Gen. David Petraeus, who is being considered by President-elect Donald Trump for the position of secretary of State, as a prime example.
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Time For Truth: (The Hill) – Snowden: Petraeus disclosed more 'highly classified' information than I did
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.
Hillary Clinton and her supporters spent a record $1.2 billion for her losing presidential campaign — twice as much as the winner, Donald Trump, according to the latest records.
The president-elect, who confounded critics during the campaign by saying there was no need to raise or spend $1 billion or more, ended up making do with $600 million.
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Time For Truth: (New York Post) – Hillary Clinton’s losing campaign cost a record $1.2B
When George W. Bush assembled his first Cabinet in 2001, news reports dubbed them a team of millionaires, and government watchdogs questioned whether they were out of touch with most Americans’ problems. Combined, that group had an inflation-adjusted net worth of about $250 million — which is roughly one-tenth the wealth of Donald Trump’s nominee for commerce secretary alone.
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Time For Truth: (The Washington Post) – Donald Trump is assembling the richest administration in modern American history