Fed Signals New Guidance Coming on Asset-Purchase Program
Officials this month discussed plans to provide more information about how long they will keep purchasing Treasury and mortgage-backed securities by linking the time frame for the stimulus program to economic conditions.
Stocks Pause After Dow's 30000 Milestone
The Dow Jones Industrial Average slipped a day after crossing 30000 for the first time, though Nasdaq hit a record in a session of mixed economic data and continued concern about the surge in coronavirus cases.
U.S. Consumer Spending Grows for Sixth Straight Month
Americans' spending rose briskly in October while their income fell sharply, adding to other mixed signals about the strength of the economic recovery.
Global Trade Stages Rapid Recovery
Global trade flows bounced back strongly in the summer, marking the largest rise in two decades as air and sea transport channels reopened while demand for consumer goods surged.
U.S. Coronavirus Hospitalizations Surpass 88,000
The U.S. reported nearly 173,000 new coronavirus cases as hospitalizations across the country hit another high.
Bank of Korea Holds Policy Rate Steady at Record Low
South Korea's central bank kept its policy rate unchanged at its record-low 0.50%, as widely expected.
Investcorp's Rishi Kapoor Sees Promise in Private Equity's Main Street Push
Rishi Kapoor, the co-chief executive officer at the $33.3 billion global asset management firm Investcorp Holdings BSC, recently spoke to WSJ Pro Private Equity's Preeti Singh about how his firm is betting private equity's Main Street push ultimately will pay off. Responses have been edited for clarity.
Big Oil's Lessons for the New Green Supermajors
The decline of oil and gas supermajors over the past two years has been matched by the rise of previously obscure utility companies. In Europe, Enel and Iberdrola have emerged as green-energy giants, in part by taking leaves out of the big-oil playbook.
Dow's Milestone Heralds Broader Stock Rally
The index's ascent to 30000 signals more companies are beginning to participate in the new bull market, offering hope to investors who have long waited for the rally to widen.
The Stock Market Keeps Rising, but Millennials Aren't Reaping the Benefits
Many millennials, having suffered through two nasty bear markets in the first years of their working lives, are missing out on some of the gains from the rally that brought the Dow Jones Industrial Average to 30000.
(END) Dow Jones Newswires