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. 


 
U.S. Seizes Iranian Fuel Cargo 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. 


 
New U.S. Coronavirus Cases Tick Up Again

The U.S. reported nearly 56,000 new coronavirus cases, the highest daily tally in four days, as communities around the country face decisions on whether to reopen schools in the fall. 


 
New Zealand Virus Outbreak Widens to Second Region

The coronavirus outbreak in New Zealand's largest city, Auckland, has widened to a second region, a health official said Friday. 


 
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. 


 
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. 


 
Australia Monetary Policy at Full Throttle, RBA Gov. Says

Reserve Bank of Australia Gov. Philip Lowe said monetary policy is at, or close to being at full throttle, and government spending and structural reforms would be needed now to fight off the economic downturn brought on by the Covid-19 pandemic. 


 
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. 


 
'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.