Coronavirus Negotiators Remain 'Miles Apart,' Pelosi Says 
 

A dayslong standoff between Democrats and Republicans over another coronavirus-relief bill showed no signs of abating Wednesday, as negotiations threatened to stall until next month, when lawmakers must reach an agreement to keep the federal government funded.


 
Fed Officials Warn Pandemic Response Is Hobbling Economic Rebound 
 

Central bankers said a recent slowdown in U.S. economic activity was likely to persist because of difficulties states have encountered in suppressing the coronavirus pandemic, which could require more government spending to support the economy.


 
U.S. Daily Coronavirus Case Count Drops to Lowest Level Since Early August 
 

The U.S. reported more than 46,000 new coronavirus cases, its lowest new daily tally since Aug. 3., while death rates in parts of the country continued to rise.


 
S&P 500 Climbs but Closes Below a Record 
 

U.S. stocks rallied more than 1%, with the S&P 500 finishing the day just below its February high.


 
German Inflation Falls as Expected 
 

German consumer prices fell 0.5% in July, confirming preliminary data and in line with consensus forecasts.


 
U.S. Deficit Totaled $2.8 Trillion From October Through July 
 

The federal deficit totaled $2.8 trillion in the first 10 months of the fiscal year, as government spending to combat the coronavirus continued to outpace federal tax collection.


 
Australia's Job Market Surges Back to Life 
 

Job creation across Australia jumped sharply in July, as the economy regained momentum amid signs that the impact of the Covid-19 pandemic is easing somewhat.


 
Oil Demand Faces Bigger Coronavirus Shock Than Previously Thought 
 

The coronavirus pandemic will have an even bigger impact on the global economy and its demand for oil than previously expected, OPEC said.


 
U.S. Oil Refiners Accelerate Shift to Renewables in Downturn 
 

Phillips 66 plans to convert a San Francisco-area oil refinery into a biofuels plant, the oil industry's latest move amid depressed fuel consumption and growing U.S. regulatory pressures.


 
Tankers Waiting for Weeks off Congested China Ports, Oil Facilities 
 

Crude-laden tankers have been lining up for weeks at a time off China's coast as ports struggle to handle the millions of barrels of inbound oil that have swamped the country's overfilled storage sites.