Global Stocks Rally Amid Light Trading Volumes

Futures tied to the S&P 500 suggests the benchmark index is poised to open higher after notching its longest winning streak in over a year. 


 
U.S. Employers Shed IT Jobs Amid Faltering Reopening Plans

U.S. employers shed roughly 134,000 information-technology jobs in July, according to IT trade group CompTIA, a signal that companies might be taking a wait-and-see approach as questions remain over everything from a new stimulus package to the return of in-person schooling amid the continuing coronavirus pandemic. 


 
From Cocoa to Coffee and Sugar, Soft Commodities Stage Simultaneous Rally

The raw ingredients for goods including chocolate have rebounded, lifted by supply constraints and investors' bets that a recovering economy will boost consumer demand. 


 
Duty-Free Boom Fuels Surge in Chinese Tourism Stocks

Chinese tourism stocks are flying high, thanks to a bet by investors that travelers will stick to domestic excursions due to the pandemic and also take advantage of relaxed duty-free rules. 


 
Employers Cast Wary Eye on Trump Payroll-Tax Deferral

Employers considering President Trump's plan to allow deferred payment of payroll taxes face a series of costs, uncertainties and headaches. 


 
China's Strong July Auto Sales Fuel Hopes for Growth

Chinese consumers flocked back to auto dealerships in July, boosting car makers' hopes of returning to growth in the second half of the year and signaling a broader rebound in the world's second-largest economy. 


 
U.K. Claimant Count Climbs

The U.K. saw 94,400 more people file for unemployment benefits in July while hours worked fell to a record low. 


 
OECD Upgrades South Korea's Growth Outlook for 2020

The Organization for Economic Cooperation and Development has upgraded South Korea's growth outlook this year, listing Asia's fourth-largest economy as one of the most successful member countries in minimizing the impact of the Covid-19 pandemic on the economy. 


 
New Covid-19 Cases Fall Below 50,000 in U.S. for Second Straight Day

The U.S. reported fewer than 50,000 new coronavirus cases for the second day in a row, even as the number of cases world-wide surpassed 20 million. 


 
Trump, Democrats Open to Restarting Relief Talks Despite Stalemate

The White House and Democratic negotiators urged each other to resume discussions over a broad relief package after the president issued executive actions on jobless aid and other measures over the weekend.