For the first time in American history, a Black and South Asian woman has been chosen for national office by a major political party. CNN reports presumptive Democratic nominee former Vice President Joe Biden named Sen. Kamala Harris on Tuesday as his running mate. Harris follows Democrat Geraldine Ferraro and Republican Sarah Palin as only the third woman to be chosen as the running mate on a presidential ticket.
On Wednesday, Bernie Sanders sent Joe Biden and the DNC a 110 page documentary policy document. The document includes 14 pages of climate proposals. The recommendations still leave Biden and national Democrats with no plan to phase out U.S. fossil fuel production. Sanders attempt to "address fossil energy production were ... woefully insufficient.” Collin Rees, a campaigner with Oil Change International, told Earther.
Former President Barack Obama said on Friday he worries about protecting the integrity of November's election in view of efforts by President Donald Trump to "kneecap" the U.S. Postal Service to limit Americans voting by mail during the pandemic. This report produced by Chris Dignam.
[NFA] Ahead of a presidential election that could see up to half of U.S. voters cast their ballots by mail, the U.S. Postal Service is warning some states that they need to provide more time for those votes to be counted. This report produced by Jillian Kitchener.
Millions of Americans remain unemployed during the coronavirus pandemic. In addition, many are struggling to pay their bills, according to reports at CNN. But despite the devastation, American consumerism has staged a rapid comeback. US retail sales rose 1.2% in July from the previous month, the Commerce Department reported Friday. Initially, Wall Street wasn't impressed with the data. Stocks fell in morning trading after the number fell short of economists' forecasts.
A prominent Wall Street strategist told CNBC the stock market may see a "wartime boom" next year following the US economy's "depression-like collapse." Jim Paulsen is one of a hand full of economists who have predicted US GDP could rebound strongly in the first quarter next year. Paulson said companies have cut down on costs and increase efficiencies to survive the collapse. "A lot of that boom will fall to the bottom line in a bigger way than people currently expect," Paulsen said.
Business Insider reports that banks' and tech giants' earnings largely impressed Wall Street. Bank of America says discount stores are set to post similarly positive results, according to Bank of America. BoA analysts expect the sector's second-quarter figures to hold strong thanks to rising food sales and improvement in general merchandise revenue. Thanks to momentum in higher-profit categories and successful online operations Walmart, Target, and Dollar Tree are in good positions.
Wall Street ended higher after a choppy session on Tuesday, but they were capped by declines in AIG and Microsoft. As Fred Katayama reports, Disney shares shot higher after its adjusted profit handily beat expectations.
Wall Street analysts on Wednesday weighed in on AMC Theatres' historic agreement with Universal Pictures that will allow the studio's movies to be made available on premium video-on-demand after just 17 days of play in cinemas.
Credit: The Hollywood Reporter Duration: 01:27Published