U.S. Stocks Decline as Stimulus Talks Continue
U.S. stocks traded in a narrow range Wednesday, closing down, as investors assessed prospects for a fresh stimulus bill and the health of major American businesses through their quarterly reports.
U.S. Economy Seeing 'Slight to Modest' Growth This Fall, Fed Says
The U.S. economy grew at a "slight to modest" pace in the early fall, the latest indication that the economic recovery from the pandemic is slowing, the Federal Reserve's Beige Book report said.
Coronavirus Stimulus Vote Could Come After Election Day
White House officials and House Speaker Nancy Pelosi opened the door to passing a coronavirus relief package after the election, a signal that time and political will has likely run out to enact legislation before then.
U.S. Crude-Oil Inventories Decline Near Expectations
Government data showed U.S. inventories of crude oil declined by 1 million barrels last week, near analysts' forecasts, while domestic crude-oil production dropped below 10 million barrels a day.
Why Central Banks Want to Create Their Own Digital Currencies Like Bitcoin
Central banks around the world are weighing introducing a new kind of money. Here is what you need to know.
U.K. Regulator Pushes Auditors to Sniff Out Fraud
The U.K.'s accounting regulator wants to put the onus on auditors to seek out fraud among their clients after a string of corporate scandals shook the sector.
Fed's Mester: More Work Needed To Communicate New Fed Framework
Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday that the U.S. central bank will likely need to work harder to make sure the general public understands what it is trying to accomplish with monetary policy.
Electric-Vehicle Startups Are Wall Street's Hot New Thing. No Revenue? No Problem.
A frenzy has hit the electric-vehicle sector. Buoyed by the surge in the stock price of Tesla and a rush of blank-check companies that take startups public, investors are hoping to find the future titans of the auto market.
Fed's Brainard Says More Spending Needed to Avoid Recovery Imbalance
Federal Reserve governor Lael Brainard warned that the U.S. economy would face an uneven recovery without additional government spending to shore up the hardest-hit sectors from the coronavirus pandemic.
New U.S. Coronavirus Cases Increase for Third Straight Day
New coronavirus infections grew at the fastest rate in nearly three months over the past week, with more than 60,000 new cases reported Tuesday and data indicating that the spread has been rising steadily for weeks.
(END) Dow Jones Newswires
10-21-20 1915ET
