Fed Caps Big Banks' Dividends, Halts Share Buybacks in Fourth Quarter

The biggest U.S. banks will face restrictions on dividends and share buybacks for another three months, the Federal Reserve said, citing the need to conserve capital during the coronavirus-induced downturn. 


 
Stocks Finish Second Straight Quarter of Big Gains

Many investors attribute the strong performance to an economy that has steadily improved-though it remains far from where it was to start the year-as well as a powerful surge in big technology stocks. 


 
House to Vote on $2.2 Trillion Coronavirus Aid Bill Without GOP Support

House Democrats decided to move ahead with their own bill after not reaching a deal with the White House. 


 
U.S. 2Q Final GDP Down 31.4%

The U.S. economy's second quarter contraction was slightly smaller than earlier estimates, with growth expected to bounce back in the third quarter that ends on Wednesday. 


 
U.S. Oil Inventories Fall as Refinery Activity Speeds Up

U.S. inventories of crude oil unexpectedly fell by two million barrels last week as refinery activity picked up the pace, while gasoline stockpiles surprisingly rose by 683,000 barrels, government data showed. 


 
Copper Rises After Upbeat Chinese Economic Data

The industrial metal has risen about 8% for the year and recovered roughly 40% in the past six months following an early-year selloff. 


 
The Dollar Helped Fuel an 'Everything Rally'-But It Could Bite Back

Some extreme investor positioning suggests the summer's weak dollar could rebound, to the detriment of stocks and commodities. 


 
Fed's Rosengren Worries About Risks to Lending From Prolonged Virus Threat

Boston Fed President Eric Rosengren said his outlook for the U.S. economy is more pessimistic than some of his colleagues because his concerns that the persistence of the coronavirus pandemic will prevent a return to more normal levels of activity. 


 
Fed Officials Again Press for More Fiscal Aid for the Economy

The leaders of the Minneapolis and San Francisco Fed banks added their voices to those of their colleagues who have said the economy still needs support from the government as it navigates the pandemic. 


 
Trump, Biden Clash in Contentious First Debate

President Trump and Joe Biden clashed over the Supreme Court, the coronavirus and the economy in a debate marked by interruptions and insults from both candidates.