Fed's George Says Pandemic Lessening Importance of Gasoline Prices

Kansas City Fed leader Esther George said the pandemic might have one silver lining: Americans are now less likely to feel pain from bouts of gasoline price volatility. 


 
Dow Industrials Slip, On Pace for Weekly Loss

The Treasury's decision to allow emergency Fed programs to expire raises uncertainty about economic support as coronavirus surges, investors said. 


 
Mnuchin Plans to Discuss 'Targeted' Aid Bill Friday With McConnell, Meadows, McCarthy

Treasury Secretary Steven Mnuchin on Friday defended his decision not to extend funding for several Federal Reserve lending facilities, calling on Congress to reappropriate the nearly $500 billion to help small businesses and unemployed workers. 


 
U.S. Oil-Rig Count Drops by 5 in Latest Week, Baker Hughes Says

The number of rigs drilling for oil in the U.S. declined by five in the latest week to 231, according to oil-field services firm Baker Hughes. 


 
Job Market Growth Slows Across U.S. as Covid-19 Cases Surge

Midwestern states, where infection rates are high, are seeing growth in daily job postings stall. But other states are also seeing a slowdown. 


 
How General Motors Can Become a Growth Stock

Supplying battery systems to other auto makers may be GM's best hope for reviving growth as the industry transitions to electric vehicles. 


 
Lumber Prices Rise Again

Lumber prices are making an unusual late-season climb, thanks to builder-friendly autumn weather and suppliers stocking up for what they expect to be another big year for home construction. 


 
Fannie, Freddie Overseer Looks to End Federal Control Before Trump Leaves

The federal regulator who oversees Fannie Mae and Freddie Mac is pushing to speed up the mortgage giants' exit from 12 years of government control but has yet to reach an agreement he needs with Treasury Secretary Steven Mnuchin, according to people familiar with the matter. 


 
U.S. Infections Set Another Daily Record

The U.S. reported 187,833 new cases for Thursday, according to data compiled by Johns Hopkins University, exceeding its last daily record by more than 10,000. 


 
Think Tank Urges Financial Sector Action on Cyber Threats

Despite decades of heavy investment in cybersecurity, the global financial system remains vulnerable to cyberattack because banks and regulators fail to coordinate their activities, a report from a leading think tank said Wednesday.

(END) Dow Jones Newswires

11-20-20 1515ET