U.S. Jobless Claims Fell to 787,000 Last Week
Filings for jobless benefits fell to 787,000 last week, according to the Labor Department, sign of pickup in the labor market.
U.S. Stock Futures Point Lower as Investors Eye Stimulus Talks
Stock futures and overseas indexes slipped, with investors paying close attention to negotiations in Washington over a fresh stimulus bill.
Wall Street Profits Soar During First Half of 2020
New York's securities industry profits increased 82% in the first half of this year, boosted by federal stimulus money and falling interest rates, according to a report from the state comptroller's office.
New U.S. Coronavirus Cases Surpass 60,000 for Second Day
The more than 62,000 new infections bring the total number reported in the U.S. to more than 8.33 million. More than 222,000 people have died in the country.
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.
Pandemic Boom Stocks Don't Have Earnings to Support Them
Much of the value of the winners of the pandemic stock market like Apple, Alphabet and Twitter lies in the hope of earnings many years in the future. But that means they are more exposed to the unexpected threats that will emerge given more time.
Oilfield Services Look Beyond Oil
The companies have made good progress on cost cuts and are considering their next steps.
China Tops the Box Office but Cinema Stocks Aren't Blockbusters
With the coronavirus under control and moviegoers returning, China seems very likely to be the No. 1 movie market this year, but challenges remain for cinema stocks.
FASB to Explore Greater Disclosure of Supply-Chain Financing
The Financial Accounting Standards Board, the private organization that sets accounting standards, voted to add to its agenda a project exploring greater disclosure surrounding the arrangements.
Tesla Stock Price Still Makes No Sense
Even record results from Tesla underscore a dangerous truth for shareholders: Wall Street's favorite stock is a car maker sporting a valuation that tech darlings can only dream about.
(END) Dow Jones Newswires
10-22-20 0915ET