Dow Industrials Slip, Notch Weekly Loss

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


 
Banks Can't Deny Services to Entire Industries Under OCC Proposal

Proposal follows complaints that the oil-and-gas industry was unfairly denied financing by large lenders. 


 
PPP Borrowers Are Asked to Justify Need for Loans Over $2 Million

The Small Business Administration has begun asking some Paycheck Protection Program borrowers to document why they needed loans, drawing concern from advocacy and trade groups. 


 
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. 


 
Mnuchin, McConnell Discuss 'Targeted' Aid Bill

Treasury Secretary Steven Mnuchin 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 Aims to End U.S. Control Before Trump Leaves

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

(END) Dow Jones Newswires

11-20-20 1715ET