U.S. Stock Futures Edge Lower, Signaling More Turbulence

U.S. stock futures signaled fresh losses for investors as they weigh the prospect of renewed restrictions due to rising coronavirus infections weighing on the economic recovery. 


 
U.S. Coronavirus Cases Jump, With Death Toll Just Below 200,000

Some 52,000 new Covid-19 infections were reported in the U.S., the highest single-day increase since Aug. 14, as some guidelines and practices for stopping the disease's spread have been called into question. 


 
Powell Says Swift Government Action Averted Deeper Economic Downturn

Federal Reserve Chairman Jerome Powell said the economic response to the coronavirus alleviated the fallout from the pandemic-induced recession but suggested Congress would likely need to spend more money to shore up parts of the economy. 


 
German Economic Slump Milder Than Forecast

The German economy will shrink by 5.2% this year, according to Ifo, less than its forecast in the summer of a 6.7% contraction. 


 
Sweden's Riksbank Still Sees Repo Rate Stuck at Zero in Coming Years

The central bank held its key interest rate at zero and backed its earlier guidance that the rate will likely remain unchanged at least until late 2023. 


 
RBA Weighing Further Options to Support Australian Economy

The Reserve Bank of Australia is continuing to weigh options to further support the economy, including expanded bond buying and currency intervention, Deputy Gov. Guy Debelle told business leaders. 


 
Fed's Kaplan Worries New Fed Rate Guidance Ties Policy Makers' Hands

Dallas leader Robert Kaplan said new guidance on the future of interest rates may complicate Fed officials' future decision making and stoke risk taking in financial markets. 


 
Chinese Leaders Split Over Releasing Blacklist of U.S. Companies

Beijing has sped up development of a list that could be used to punish American technology firms, but some Chinese officials are mindful of moving too aggressively and say a decision should wait until after the U.S. election. 


 
U.S. Household Net Worth Hits Highest Level Ever

The net worth of American households and nonprofit organizations jumped 6.8% in the second quarter from the first, to $118.96 trillion. 


 
CBO Downgrades Long-Term Projections of Economic Growth

The federal government has the capacity to borrow more if Congress chooses, despite high and rising federal debt, Congressional Budget Office Director Phillip Swagel said.