Business

If Trump was hoping to at least vote on Obamacare repeal before his first 100 days are up, he was up for more disappointment.

Late on Thursday night, House Majority Leader Kevin McCarthy confirmed that, as expected, the GOP leadership would not bring up a revised ObamaCare repeal bill to the floor this week, after it became clear Thursday night that the 216 GOP votes needed to pass the healthcare bill had not materialized. At least 21 Republicans had come out against the bill, with many more undecided. Leaders can only afford 22 GOP defections.

Fear of regulation may impede bank's from manipulating London's silver benchmark

On the last day of the busiest earnings week in a decade, here is a striking statistic from Goldman Sachs, showing just how dominant a handful of large cap companies have become in terms of both overall profitability and market impact:

Despite yesterday's whopping beats by Amazon and Google which sent the Nasdaq to new record highs after hours, and brought Jeff Bezos "this close" to overtaking Bill Gates as the world's richest man, this morning futures S&P futures are little changed ahead of the closely watched Q1 GDP report, European stocks and Asian equities are slightly lower, oil is higher after Russia's energy minister Novak said Russia had reached the 300kbpd oil cut per the OPEC pact, and the dollar was modestly in the red.

Mario Draghi's job just became a little more difficult, because one day after the head of the ECB surprised markets with a more dovish statement than expected stressing risks for European inflation, on Friday morning Eurostat reported that Euro zone inflation rose by more than expected to the European Central Bank's target and core inflation increased to its highest level in four years.