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
Nomani, a former reporter for the Wall Street Journal and co-founder of the Muslim Reform Movement, explained to Costello that Trump is casting light on problems America is ignoring “for the sake of political correctness.”
Apple’s enormous cash hoard grew to $237.6 billion in the fiscal fourth quarter, up $6.1 billion from the previous quarter.
If the company’s massive cash pile was its own company, it would be the seventh largest in the S&P 500 and the fourteenth largest public company in the world.
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Time For Truth: (CNBC) – Apple's cash hoard swells to $237.6 billion, a record
It is getting dicey out there for Wall Street investors, although stocks eked out a modest rise on Friday.
U.S. equities have been bouncing around lately. And the trend has been predominantly lower. Although it hasn’t been the sort of dizzying tumble for equities that would elicit an instant spike in fear, it has been, however, the kind of plodding descent that has the Dow Jones Industrial Average DJIA, +0.22% down nearly 300 points since the end of July.
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Time For Truth: (Market Watch) – The stock market is turning into a sloppy, ugly mess—and it could get worse
Democratic presidential candidate Hillary Clinton admitted she takes two positions on policy issues.
One in private — ostensibly, the “real” position — and one for the public, according to a damaging email leak released on Friday by WikiLeaks that included clips of Clinton’s paid speeches to Wall Street banks and other organizations.