Business

At this rate it could take 3 years for employment to recover—But here’s how stimulus could help

The recovery of the U.S. economy is clearly in a precarious spot. The unemployment rate for December remained flat from November at 6.7%, and the economy lost 140,000 jobs for the month—the first monthly net loss since April. For economists like Moody’s Analytics’ Mark Zandi, “December was a bad month for a bad year,” he […]

Business

It’s officially a blue wave. What that historically means for stocks

In November, markets surged after Joe Biden emerged as the victor in an unprecedented presidential contest—even as Democrats didn’t gain as much ground in Congress as some had anticipated. Back then, market prognosticators were enthusiastic about the prospect of a split Congress (where Republicans maintained control of the Senate) because, historically, the stock market tends […]

Business

Democrats stun in Georgia runoffs, seizing control of the Senate ahead of Biden’s presidency

For the first time since January 2015, the majority of the Senate is in the hands of the Democrats. The party pulled off a stunning double victory in Georgia’s runoff elections, turning the traditionally conservative state firmly blue following President-elect Joe Biden’s win there in November. With Vice President–elect Kamala Harris’s tie-breaking vote in the […]

Business

Nancy Pelosi is narrowly reelected House speaker

Nancy Pelosi was narrowly reelected Sunday as speaker, giving her the reins of Democrats’ slender House majority as she and President-elect Joe Biden set a challenging course of producing legislation to tackle the pandemic, revive the economy and address other party priorities. “We accept a responsibility as daunting and demanding as any that previous generations […]

Business

Why a key Georgia country flipped from red to blue—and what it means for Democrats

Joe Biden’s victory in Georgia was surely the most surprising red state flip in the 2020 presidential election. Exploring the strikingly rapid transformation of Gwinnett County, the state’s largest suburban county, shows how this upset happened, while offering insights into the state’s upcoming U.S. Senate runoffs. At the midpoint of the 20th century, Gwinnett, 30 miles northeast of […]

Business

Why a key Georgia county flipped from red to blue—and what it means for Democrats

Joe Biden’s victory in Georgia was surely the most surprising red state flip in the 2020 presidential election. Exploring the strikingly rapid transformation of Gwinnett County, the state’s largest suburban county, shows how this upset happened, while offering insights into the state’s upcoming U.S. Senate runoffs. At the midpoint of the 20th century, Gwinnett, 30 miles northeast of […]

Business

Democrats have a once-in-a-generation Chance in Texas

About the heels of fresh polls along with also a $6 million investment in Texas from Biden’s effort , a seven-figure investment in Michael Bloomberg, and a flurry of closing-days excursions to Texas by averaging nominee Kamala Harris and crucial Biden effort surrogates, much attention has been paid into the possibility of Vice President Biden […]

Business

Can Democrats turn Texas blue? Early voting surge fuels hopes as local GOP is ‘almost in crisis mode’

Explore Fortune‘s full coverage of the 2020 election. A dramatic surge in early voting across Texas cities is infusing fresh hope in Democrats’ dream of shaking Republicans’ once-solid grip on the state. From Austin to Houston, and in their sprawling suburbs, voter turnout is shattering records in Texas, which hasn’t gone for a Democratic presidential candidate since […]

Business

Can Democrats turn Texas blue? Early voting surge fuels hopes as local GOP is ‘almost in crisis mode’

Explore Fortune‘s full coverage of the 2020 election. A dramatic surge in early voting across Texas cities is infusing fresh hope in Democrats’ dream of shaking Republicans’ once-solid grip on the state. From Austin to Houston, and in their sprawling suburbs, voter turnout is shattering records in Texas, which hasn’t gone for a Democratic presidential candidate since […]

Business

Pelosi is Currently Functioning on 2022 

Today, days prior to the Nov. 3 election, she appears to have done this, and now she ’s enlarging her reach. With control of the home barely contested, Pelosi has been currently working to reinforce Democratic presidential nominee Joe Biden and acquire additional House seats if Congress is called to solve any Electoral College dispute together with President […]