Pelosi Says Details of Coronavirus Package Could Change After Election

House Speaker Nancy Pelosi said the coronavirus relief plan she has been discussing with the White House could morph in the lame-duck session of Congress, absent any formal agreement on details and shifting incentives for both parties after the election. 


 
Stocks Sell Off on Rising Virus Cases

Elevated infection levels stoked concerns that more lockdown measures may be looming, potentially dealing another blow to the economic recovery. 


 
France, Germany Announce New Lockdowns to Combat Covid-19 Resurgence

France and Germany imposed new lockdowns in a sign of how Europe's strategy for containing the coronavirus has buckled under the pressure of mounting cases and deaths. 


 
BOJ Stands Pat, Says Japan's Economy Recovering Gradually

The Bank of Japan kept monetary policy unchanged and maintained its view that the Japanese economy is gradually recovering from the impact of the coronavirus pandemic. 


 
U.S. States Face Biggest Cash Crisis Since the Great Depression

The drop in income and sales tax revenue has created a historic crisis for states, with a total shortfall expected in the hundreds of billions of dollars. The projected gaps are greater than 2019's K-12 education budget for every state combined, or more than twice the amount spent that year on state roads and other transportation infrastructure. 


 
New Coronavirus Cases, Hospitalizations Rise

New U.S. coronavirus cases climbed back above 70,000, and the number of people hospitalized with Covid-19 climbed above 44,000, the highest number of patients since Aug. 15. 


 
Coronavirus Infections in England Doubling Every Nine Days, New Survey Estimates

Researchers in the U.K. estimated the coronavirus is spreading far more rapidly in England than daily testing data suggest, findings likely to spur further restrictive measures on swaths of the country. 


 
New Coronavirus Concerns Drive Selloff in Raw Materials

The threat of new coronavirus lockdown measures around the world have dragged down raw materials prices, heightening concerns that investments tied to the global economy are set for another painful selloff. 


 
Europe's Core Payments Network Disrupted by Technical Malfunction

The European Central Bank blamed a software defect for a disruption last week that left banks unable to process transactions and securities trades for almost 11 hours. 


 
U.K. Car Manufacturing Hit 25-Year Low in September

British car manufacturing recorded its lowest September level in 25 years, an industry body said, as it warned that the last quarter looks challenging with increasing Covid-19 cases across Europe and local lockdowns across parts of the U.K.

(END) Dow Jones Newswires

10-29-20 0315ET