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1 Article
Source: Reuters

Slashed profit expectations may set stage for gains


There could well be a silver lining in all the caution around the stock market as the earnings season approaches: Shares do way better when profit expectations have fallen, and lately, they’ve been falling like a rock.

With the bar low for companies to beat expectations, stocks could extend recent gains following the S&P 500's .SPX worst December performance since the Great Depression. “One of the key things the December selloff did was it priced a materially reduced set of earnings expectations for 2019.

1 Article
Source: Common Domain

Trump taunts Jeff Bezos, lashes out at Elizabeth Warren amid new Russia revelations

Monday 21:50 GMT

As questions about his relationship with Russia continue to swirl, President Donald Trump spent his Sunday night lashing out at perceived enemies, taunting Washington Post owner — and Amazon.com

Inc. AMZN, -0.95%   chief executive — Jeff Bezos over his divorce and mocking Sen. Elizabeth Warren’s Native American heritage. “So sorry to hear the news about Jeff Bozo being taken down by a competitor whose reporting, I understand, is far more accurate than the reporting in his lobbyist newspaper, the Amazon Washington Post,” Trump tweeted.

1 Article
Source: Fox News

Florida's Bible studies bill sparks clashes

Wednesday 14:30 GMT

Florida lawmakers have proposed a bill that would require every public high school in the Sunshine State to offer Bible studies class as an elective.

The bill calls for "an objective study of religion," and "an objective study of the Bible, including, but not limited to, a course on the Hebrew Scriptures and Old Testament of the Bible; a course on the New Testament of the Bible; and a course on the Hebrew Scriptures, the Old Testament of the Bible, and the New Testament of the Bible."

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte