Theresa May’s government narrowly survives no-confidence vote

The U.K. government survived a no-confidence vote brought by Labour Party leader Jeremy Corbyn over its handling of Brexit on Wednesday. The decision by lawmakers, who voted 325 in support and 306 against the government, leaves the administration intact with Prime Minister Theresa May at the helm. Following the vote, the U.K. will return to the predefined Brexit timeline, giving […]

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Goldman Sachs reports higher 4Q profit

There is an existential issue about Goldman Sachs: Gasparino FBN’s Charlie Gasparino on the state of the financial sector and the partial government shutdown over border wall funding. Goldman Sachs revealed fourth-quarter profit of $2.32 billion or per share earnings of $6.04 on revenue of $8.08 billion.  Analysts expected profit per share of $4.45 on revenue of $7.63 billion. Continue Reading Below Shares […]

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U.S. stocks poised for modest gains as earnings roll out, partial shutdown enters 26th day

U.S. stocks were set to see muted action on Wednesday as a partial government shutdown enters its 26th day, and as uncertainty in U.K. politics adds to questions about the stability of European markets. Wall Street, meanwhile, was digesting a fresh batch of earnings from financial institutions, including BlackRock Inc., and Bank of America, among others. Futures for the Dow […]

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Bull Market in Equities Is Coming Back, Allen Sinai Says

A less aggressive posture from the world’s central banks and moves by Chinese authorities to support economic growth will assure a rebound in equities from the U.S. to China, according to veteran economist Allen Sinai. “With interest rates going to stay fairly low as long as inflation stays low — that’s the big surprise, low inflation everywhere — you’ve got […]

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