OPEC, Allies Agree to Increase Output by 500,000 Barrels a Day

The agreement ends a standoff over oil policy between the two sides, promising a modest boost to global supplies as oil markets tighten. 


 
Coronavirus Stimulus Talks Moving in Right Direction, Party Leaders Say

Senate leaders said that a coronavirus aid compromise was within reach, but expressed wariness over the underlying political tension and policy disputes. 


 
Dow Industrials Edge Higher as Unemployment Claims Drop

The blue-chip index rose as weekly jobless claims declined and investors looked ahead to Friday's monthly jobs report. 


 
Covid-19 Hospitalizations, Single-Day Deaths Hit New U.S. Highs

Some patients who need intensive care can't get it, as overstretched hospitals in some U.S. regions struggle with the pandemic's largest and longest surge. 


 
International Oil Benchmark Weighs Adding U.S. Crude to Mix

Brent crude, the international gauge for oil prices, may be overhauled to reflect the growing importance of U.S. exports in global energy markets. 


 
Senate Confirms Fed Economist Waller to Board Seat

Christopher Waller, the research director at the Federal Reserve Bank of St. Louis, was confirmed on a 48-47 vote to a term that runs through January 2030. 


 
Jobless Claims Fall After Recent Upticks

New applications for unemployment benefits fell last week after a recent jump, an indication that the labor market recovery is navigating through new virus-related restrictions in some states. 


 
Activity Picks Up At U.S., Asia Services Businesses, While Europe Contracts

Purchasing managers' surveys add to signs economic recovery continues to have momentum in the U.S., while Europe seems set to end 2020 as a weak spot for the global economy. 


 
Treasury Volatility Boosts Tradeweb

Sharp moves in Treasury bonds whipsawed investors recently, but the volatility has made a winner out of Tradeweb, a large electronic marketplace for U.S. government debt. 


 
The Market Should Worry About 2022, Not 2021

Amid a wave of optimism in financial markets, investors can relax about the expected profit rebound in 2021. They might worry more about 2022.

(END) Dow Jones Newswires

12-03-20 1915ET