Fed's Evans: Economy Needs More Fiscal Support Amid Stress
Federal Reserve Bank of Chicago President Charles Evans said the U.S. economy needs continued support from the government and he is worried elected officials are fighting too much to deliver it.
The Economy Is Limping, but Wall Street Is Booming
Investment-banking and trading revenues hit an eight-year high in the first half, a counterintuitive boom that shows the heavy hand of the Federal Reserve and a growing gulf between financial markets and the real economy.
U.S. Stocks Fall Amid Decline in Tech Shares
Major indexes dropped, with the Dow Jones Industrial Average falling around 800 points. Big tech companies, including Facebook and Apple, were leading the declines, contributing to the pressure on Nasdaq.
Jobless Claims Fell Last Week
New applications for unemployment benefits declined, a reflection of a slowly improving labor market and the impact of a new measurement method.
U.S. Trade Deficit Widest Since 2008 in July as Imports Outpaced Exports
The U.S. trade deficit widened in July, as Americans' appetite for foreign-made goods bounced back while exports rose more modestly.
France Reveals $118 Billion Plan to Relaunch Economy
France detailed a plan Thursday to inject $118 billion into its economy, which has taken an outsize beating from the coronavirus pandemic.
Oversupply of Easy Money Sends European Borrowing Rates to Record Low
The interest rate that European banks use to lend among themselves plumbed new depths this week in a sign of how credit markets have been distorted by central banks' aggressive measures this year.
Brazilian Company Suzano Bets the Bond Market on Emission Cuts
As Brazil struggles with deforestation, one of the country's largest paper manufacturers is pitching investors a new type of security that will cost the company money if it fails to meet greenhouse gas-reduction targets.
Emerging-Market Bond Funds Face Reckoning
The Covid-19 pandemic is a reminder that assets designed to produce higher returns in good times can post outsize losses when things go wrong.
Big Gains in Black-Owned Firms From Juneteenth Bets Prove Fleeting
Investors piled into shares of some Black-owned businesses in June amid widespread racial-justice protests, and two banks saw their shares spike higher.