Stocks Edge Higher to Start the Week

The Dow Jones Industrial Average climbed, extending its winning streak to seven sessions, as investors assessed the chances of fresh federal stimulus spending and the slowing pace of new coronavirus infections. 


 
Trump, Democrats Open to Restarting Relief Talks Despite Stalemate

The White House and Democratic negotiators urged each other to resume discussions over a broad relief package after the president issued executive actions on jobless aid and other measures over the weekend. 


 
U.S. Sent Workers Nearly $250 Billion in $600-a-Week Jobless Aid

The federal government spent almost $250 billion on enhanced unemployment benefits from early April to the end of July, the Labor Department said, as millions of workers were laid off amid the pandemic. 


 
Covid-19 Cases Top 20 Million World-Wide

Confirmed cases of the new coronavirus surpassed 20 million globally, while the U.S. reported its lowest number of new cases in about a week, as new infections in some parts of the country trended down. 


 
Turkish Lira's Fall Drives Concerns for Euro

The renewed pressure on the currency is raising alarms about Turkey's long-term ability to repay its foreign debtors, which include European banks. 


 
U.K. Claimant Count Climbs

The U.K. saw 94,400 more people file for unemployment benefits in July while hours worked fell to a record low. 


 
U.K. Retail Growth Uneven in July

July showed signs of recovery for U.K. retail as lockdowns continued to ease and shoppers were more inclined to spend, but the industry is still trying to catch up for lost months of revenue and not at an equal pace. 


 
OECD Upgrades South Korea's Growth Outlook for 2020

The Organization for Economic Cooperation and Development has upgraded South Korea's growth outlook this year, listing Asia's fourth-largest economy as one of the most successful member countries in minimizing the impact of the Covid-19 pandemic on the economy. 


 
Singapore's Economy Shrank at a Faster Pace

Singapore's economy contracted 13.2% in the second quarter from a year earlier compared with the prior estimate for a 12.6% contraction amid continued fallout from Covid-19 pandemic. 


 
Federal Budget Deficit Shrank in July

The federal budget deficit shrank last month from a year earlier as households and businesses made tax payments that had been delayed from April, the Congressional Budget Office estimated.