Tory Newmyer
Tory Newmyer
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Analysis | The Finance 202: Sanders warns Biden could lose if he doesn't step up economic focus

Analysis | The Finance 202: Sanders warns Biden could lose if he doesn't step up economic focus

with Brent D. GriffithsSen. Bernie Sanders is ringing alarms about Joe Biden’s presidential campaign: Without a clearer focus on economic issues, Biden’s former rival says, the Democratic nominee is at risk of losing the election.The senator and self-described democratic socialist took to MSNBC on Sunday to spell out his view that Biden needs to do more than attack President Trump.“We also have to give people a reason to vote for Joe Biden,” Sanders (I-Vt.). “And Joe has some pretty strong positions on the economy, and I think we should be talking about that more than we have.”Democrats...

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Tory Newmyer
Sep 14
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Analysis | The Finance 202: Forget Wall Street. Now it's Washington that looks out of touch with Main Street.

Analysis | The Finance 202: Forget Wall Street. Now it's Washington that looks out of touch with Main Street.

with Brent D. GriffithsFor months, economists and investors have marveled at the disconnect between Wall Street and the real economy, as a stock market belied the pain of the recession.Now a more significant gulf is opening between Main Street and Washington: The Senate's failure to pass Republicans' slimmed-down relief bill on Thursday dims prospects for any new federal help before the election, as nearly 30 million people remain on some sort of unemployment aid. The GOP push for a so-called skinny emergency relief package ran into a wall of Democratic resistance in the Senate, “leaving...

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Tory Newmyer
Sep 11
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Analysis | The Finance 202: Alarming new data show the worst might be ahead in a coronavirus economy

Analysis | The Finance 202: Alarming new data show the worst might be ahead in a coronavirus economy

with Brent D. Griffiths Investors have been surfing a wave of fragile optimism for the past three weeks. Stocks rallied on hope that Washington’s massive response to the economic shutdown would limit its damage. The S&P recovered nearly half of what it lost in the immediate aftermath of the coronavirus global spread, when the index shed a third of its value after touching an all-time high two months ago. But the worst is not behind us, as readings from every corner of the economy Wednesday delivered a dose of grim reality From retail and manufacturing activity to sentiment among home...

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Tory Newmyer
Apr 16
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Analysis | The Finance 202: Most corporate coronavirus relief money has no strings attached, watchdog warns

Analysis | The Finance 202: Most corporate coronavirus relief money has no strings attached, watchdog warns

with Brent D. Griffiths Bharat Ramamurti wants to ring the alarm over the lack of strings attached to $500 billion in corporate rescue funds the federal government is poised to hand out as it seeks to stabilize an economy rocked by the novel coronavirus. But the former top economic aide to Sen. Elizabeth Warren (D-Mass.) faces limitations of his own. As the sole member of what should be a five-person panel overseeing that federal effort, there are questions about how much he can do until congressional leaders appoint fellow commissioners. Even then, the commission lacks subpoena power and...

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Tory Newmyer
Apr 14
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Analysis | The Finance 202: Stocks lose most of their gains under Trump as coronavirus fear takes hold

Analysis | The Finance 202: Stocks lose most of their gains under Trump as coronavirus fear takes hold

We're covering the ins and outs of how coronavirus fears are impacting the markets – and what Washington policymakers are doing about it. Sign up for . A board on the floor of the New York Stock Exchange on March 12, 2020 in New York City. The Dow Jones Industrial Average dropped 2,352 points, an almost 10 percent decline and biggest since 1987. (Photo by Jeenah Moon/Getty Images) President Trump loves to brag about how much the stock market has gone up since he took office. But t sending businesses closing and sparking layoffs. The cratering market is flashing a signal from investors that...

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Tory Newmyer
Mar 13
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