Biden Picks Janet Yellen for Treasury Secretary
President-elect Joe Biden plans to nominate former Federal Reserve Chairwoman Janet Yellen, an economist at the forefront of policy-making for three decades, to become the next Treasury secretary.
Dow Rises on Covid-19 Vaccine Results
The blue-chip index climbed after promising results on a Covid-19 vaccine bolstered hopes for an economic rebound in 2021.
White House Weighs New Action Against Beijing
Senior Trump administration officials say they are pushing for new hard-line measures against Beijing, including creating an informal alliance of Western nations to jointly retaliate when China uses its trading power to coerce countries.
U.S. Economic Activity Picks Up on Postelection Lift, Vaccine Results
The U.S. economy continues to recover from the downturn caused by the pandemic, according to business surveys that show services and manufacturing activity growing, while surveys show the European economy is set for a fresh contraction in the final quarter of 2020.
Government, Bank of Canada Helped Avoid Financial System Stress, Official Says
Government and central bank policies such as emergency income support and financial market interventions so far have kept the pandemic-induced downturn from creating broad stress across the country's financial system, the Bank of Canada's Toni Gravelle said.
U.S. Hospitalization Count Continues to Climb
The U.S. registered a record number of hospitalizations for the 13th straight day. Meanwhile, new U.S. coronavirus cases totaled 142,732 Sunday, but weekend counts are generally lower than midweek ones. It marked a record for a Sunday.
Asia's Hydrogen Fuel Future May Be Coalescing
There is still a long way to go for hydrogen to justify the hype as the next big thing in transportation. But Asia may hold the key to any eventual success.
Bitcoin Trades Near Record, Finds New Audience
The cryptocurrency has attracted a broad array of investors, including the Wall Street billionaires Paul Tudor Jones and Stanley Druckenmiller as well as sports radio host Gregg Giannotti.
Vaccines Won't Save Eurozone From Double-Dip Recession
Positive clinical-trial results have cheered markets, but the economy faces a tough winter ahead before a shot becomes widely available
AstraZeneca-Oxford Vaccine Up to 90% Effective in Trials
The success of the vaccine being developed by the University of Oxford and AstraZeneca bodes well for the near-term availability of a third treatment for Covid-19, joining those from Moderna as well as Pfizer and BioNTech.
(END) Dow Jones Newswires
11-23-20 2115ET
