IMF Sees Potential 'Major Resilience Test' From Pandemic

Companies that borrowed heavily at low interest rates to cope with the coronavirus crisis may have trouble paying their debts, increasing the risk of bankruptcies, the IMF said in its Global Financial Stability Report. 


 
U.S. Stocks End Lower as Earnings Season Begins

Major indexes declined, pressured by a string of mixed earnings reports from companies ranging from airlines to banks. 


 
Senate to Vote on New Funding for Small Businesses Next Week

Senate Majority Leader Mitch McConnell said the Senate would vote on a narrow coronavirus relief bill, setting up a potential showdown with Democrats who have pushed for an agreement on a broader aid package. 


 
OPEC Says U.S. Oil Production Recovering Faster Than Expected

The U.S. energy industry is recovering more quickly than previously expected from the fall in production from the coronavirus pandemic, the Organization of the Petroleum Exporting Countries said. 


 
Social Security Benefits to Rise 1.3% in 2021

Americans receiving Social Security will see a 1.3% cost-of-living increase in benefits next year, the federal government said Tuesday, reflecting subdued inflation this year. 


 
Boeing Subsidies Merit EU Tariffs on $4 Billion in U.S. Goods, WTO Rules

The World Trade Organization said the European Union may impose tariffs on $3.99 billion in Boeing jets and other U.S. goods annually as part of a long-running trade dispute. 


 
China Growth Limits Global Economic Damage From Pandemic, IMF Says

The global economic collapse caused by the coronavirus won't be as severe as estimated earlier, the International Monetary Fund predicted, though the recovery will be long and arduous. 


 
Global Companies Are Caught Between New Taxes and a Trade War

The prospect of a higher corporate tax rate isn't so unappealing when set against the risk of a chaotic global trade and tax war. 


 
Invesco to Launch Four Funds Tied to Flagship QQQ Tech ETF

At $134 billion, the Qs, as it is known across Wall Street, has grown to become one of the biggest exchange-products in the world and accounts for roughly 42% of Invesco's ETF assets. 


 
Does Gold Protect Your Investment Portfolio? Think Again

The precious metal's role as a hedge depends on the risk you are trying to guard against, and it has its uses. But investors seeking protection from share-price losses might find gold offering little cover for some time.

(END) Dow Jones Newswires

10-13-20 1715ET