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News Highlights: Top Global Markets News of the Day

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09/24/2020 | 12:16pm EDT
Unemployment Claims Hold at High Level 
 

Unemployment claims held steady at a historically high 870,000 last week, suggesting the labor market continues to slowly recover from the pandemic.

 
U.S. Stocks Pare Losses 
 

U.S. stocks pared their declines after a senior Republican lawmaker pledged an orderly transition of power following the election this fall, tamping down some recent jitters that had hampered stocks.

 
U.K.Extends Covid-19 Support to Businesses for Six More Months 
 

The decision to extended support to businesses underlines the difficulty of withdrawing costly support while Covid-19 continues to spread.

 
Banks Love 2020 Market, but Market Doesn't Love Them Back 
 

While investors are still sour on the stocks of big banks, industry executives say parts of the business are booming

 
Gold Prices Hit by Stronger Dollar, Declining Inflation Expectations 
 

The precious metal is set for its worst week in six months while silver's weekly losses are the biggest in nine years.

 
U.S. New Coronavirus Cases Inch Lower 
 

The U.S. reported 37,330 new coronavirus cases Wednesday, down from nearly 40,000 a day earlier, as a fourth experimental vaccine entered final-stage testing in the country.

 
Chinese Property Developer Decries Fabricated Documents After Selloff 
 

China Evergrande Group said documents circulating online about a corporate restructuring involving a key subsidiary were fake, after they spurred a steep selloff in the Hong Kong-listed real-estate developer's bonds and shares.

 
Companies Adjust Earnings for Covid-19 Costs, but Are They Still a One-Time Expense? 
 

Finance chiefs and investors are trying to figure out how to account for coronavirus-related expenses as the pandemic transforms how companies operate in ways that may become a permanent cost of doing business.

 
Pensions Have Been Shunning Stocks at Their Own Peril 
 

Pension funds and endowments have been shifting away from the U.S. stock market for years. Some are now reconsidering that decision.

 
Derby's Take: Fed's New Guidance Strategy Has Bumpy Rollout 
 

Federal Reserve Chairman Jerome Powell describes the central bank's new interest rate guidance as powerful, but the new regime's rollout has been buffeted by high profile dissension and conflicting comments.

 
 


Stocks mentioned in the article
ChangeLast1st jan.
CHINA EVERGRANDE GROUP -0.28% 14.2 End-of-day quote.-34.26%
GOLD -1.77% 1876.28 Delayed Quote.25.38%
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