China's Manufacturing Recovery Picks Up the Pace

China's official manufacturing purchasing managers index rose to 51.1 in July from 50.9 in June, marking the fifth consecutive month that factory activity expanded. 


 
Congressional Leaders and White House Fail to Reach Coronavirus Stimulus Deal

Congressional leaders and White House officials failed to strike a deal on coronavirus relief, just hours before federal jobless benefits were set to officially expire Friday. 


 
Daily U.S. Coronavirus Cases Climb Back Above 70,000

New coronavirus cases in the U.S. climbed back above 70,000 as daily reported deaths rose to their highest level in more than a month. 


 
French Economy Slumps 13.8%

France's economy suffered its biggest contraction on record in the second quarter due to the lockdown enforced to limit the spread of the coronavirus. 


 
Stocks Drop on Dour Economic Data

U.S. stocks fell on one of the busiest days of the corporate earnings season, while new data laid bare the extent of the economic damage wrought by the coronavirus pandemic. 


 
Environmental Groups Urge Fed to End Energy Bond Buying

Environmental groups are pressing the Federal Reserve to end its purchases of energy sector corporate bonds as part of its broader effort to support financial markets as the U.S. navigates the severe economic stress of the coronavirus pandemic. 


 
China-Backed Infrastructure Bank Seeks to Win Over Countries With Western-Style Approach

The Asian Infrastructure Investment Bank will have to compete with perceptions that it is an extension of China's foreign policy as suspicions grow in Western countries about Beijing's rising overseas clout. 


 
Powell Says Fed Committed to Improving Workplace Diversity, Culture

Federal Reserve Chairman Jerome Powell said the central bank was deeply committed to fostering a diverse and inclusive work environment after a former staff economist published a lengthy blog post critiquing the treatment of women and minority economists in academic and policy-making circles. 


 
Families File First Wave of Covid-19 Lawsuits Against Companies Over Worker Deaths

Coronavirus victims and their families allege workplaces failed to protect them, including Safeway, Walmart and Tyson; employers said they took appropriate steps to combat the virus. The cases are part of an unfolding liability threat facing U.S. companies as many look to resume operations. 


 
U.S. Economy Contracted at Record Rate Last Quarter; Jobless Claims Rise to 1.43 Million

The economy contracted at a record rate last quarter and July setbacks for the jobs market added to signs of a slowing recovery as the country faces a summer coronavirus surge.