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Belief Joe Biden will win drives shift in US stock purchases
US markets
Investors move into renewables and other sectors that could benefit from ‘blue wave’ victory More
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On Labor Day, remember this: Trump's America works only for the rich | Robert Reich
Opinion
Donald Trump
On Labor Day, remember this: Trump’s America works only for the rich
Robert Reich
We are eight weeks from a momentous election. If Joe Biden wins, he must work to redistribute income – and power More
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Global stocks rally on US Covid treatment approval
Stock markets
Shares rise in Europe and Asia after Trump allows use of convalescent plasma
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Richard Burr steps down as Senate committee chair over FBI investigation
Burr’s cellphone seized overnight in inquiry into claims he used private coronavirus briefing to sell stocks before market plunge Senator Richard Burr leaves the US Capitol after voting in Washington on Thursday. Photograph: Erin Scott/Reuters A Republican US senator stepped down from a key committee leadership role in Congress on Thursday after his phone was […] More
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'Unfair advantage': concerns US lawmakers are using coronavirus briefings to make stock decisions
Cases of two senators who sold stock after private briefings about the virus have spotlighted the intelligence politicians are privy to Senator Kelly Loeffler sold tens of millions of dollars worth of stocks after a closed briefing on the coronavirus. Photograph: Mary F Calvert/Reuters Stock dealing by some members of the US Congress, or their […] More
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Ignore the bankers – the Trump economy is not worth more coronavirus deaths | Robert Reich
Ignore the bankers – the Trump economy is not worth more coronavirus deaths Robert Reich CEOs, billionaires and advisers have the president’s ear and want people back to work. They are callous – and wrong US coronavirus outbreak: live Global coronavirus outbreak: live Read all our coronavirus coverage Defense Secretary Mark Esper and President Donald […] More
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Republican senator urged to quit after report he sold stocks before Covid-19 market plunge
Richard Burr, chairman of the Senate intelligence committee, and three other senators sold off substantial holdings before drop amid coronavirus fears Coronavirus – latest updates See all our coronavirus coverage Republican senator Richard Burr faced demands to resign on Friday after it was reported that he sold off millions of dollars’ worth of stocks just […] More
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The white swan harbingers of global economic crisis are already here | Nouriel Roubini
Seismic risks for the global system are growing, not least worsening US geopolitical rivalries, climate change and now the coronavirus outbreak In my 2010 book, Crisis Economics, I defined financial crises not as the “black swan” events that Nassim Nicholas Taleb described in his eponymous bestseller but as “white swans”. According to Taleb, black swans […] More
