U.S. Stocks Drop Despite Fall in Jobless Claims

The Dow and S&P 500 slipped as data showed fewer Americans applied for jobless benefits and lawmakers in Washington remained far apart on a spending plan. 


 
Weekly Unemployment Claims Drop Below 1 Million

U.S. unemployment claims fell below one million last week for the first time since the coronavirus pandemic hit the U.S. in March, as the deeply wounded labor market continues to regain some footing. 


 
U.S. Seizes Iranian Fuel Cargoes for First Time

The Trump administration confiscated vessels allegedly loaded with Iranian fuel in violation of sanctions, stepping up its campaign against Tehran. 


 
White House Says Most Coronavirus Job Losses Likely to Be Temporary

Robust federal spending significantly lessened the economic pain caused by the coronavirus pandemic, White House economists said, adding that more relief efforts would further aid the recovery. 


 
Suburban Home Prices Are Rising. But So Are Most Urban Home Prices

Suburban housing markets have been on a tear as home buyers have sought more space during the coronavirus pandemic. But a new analysis shows home sales in most urban markets are doing nearly as well. 


 
White House Aide Picked for Seat on Commodities Regulator

President Trump picked White House adviser and former Fannie Mae official Robert Benedict Bowes to serve as one of five commissioners at the CFTC, the agency that regulates derivatives markets 


 
WSJ Survey: Benefits of Extra Unemployment Aid Outweigh Work Disincentive

While economists in the August survey see a bigger third-quarter rebound than they did a month earlier, they still expect the recovery to take a long time. 


 
Trump's Payroll-Tax Deferral Plans Spur Confusion

President Trump's gambit to defer Social Security payroll taxes for the rest of the year and pressure Congress into forgiving them is turning into a logistical challenge, with its rollout complicated by his own unclear statements about the plan. 


 
'The Gold Standard': Why Chinese Startups Still Flock to the U.S. for IPOs

The U.S. remains a magnet for initial public offerings of Chinese technology companies, despite rising political, trade and regulatory tensions between the world's two largest economies. 


 
Coronavirus Projected to Sap More Oil Demand Than Expected

High coronavirus case numbers in several major economies will blunt the recovery of an oil market already beleaguered by low demand, the International Energy Agency said.