Stocks Turn Lower, Snap Winning Streak

The S&P 500 slipped in the final hour of trading, ending a seven-day winning streak. 


 
Fed to Lower Rates for Cities, States Seeking Short-Term Loans

The Federal Reserve said it would reduce the rates it charges cities and states seeking short-term loans from an emergency lending program that has seen little takeup so far. 


 
New Covid-19 Cases Fall Below 50,000 in U.S. for Second Straight Day

The U.S. reported fewer than 50,000 new coronavirus cases for the second day in a row, even as the number of cases world-wide surpassed 20 million. 


 
U.S. Producer Prices Rise More Than Expected

The U.S. producer-price index, a measure of the prices businesses receive for their goods and services, rose 0.6% in July, the largest monthly rise since October 2018 and double the increase economists had expected. 


 
A Chunk of Corporate Travel May Be Gone Forever. But How Much?

Airline and hotel executives don't ask themselves whether corporate travel will be permanently reduced due to Covid-19. They ask themselves by how much-and the forecasts look scary. 


 
Moderna Inks $1.5 Billion Coronavirus Vaccine Deal With U.S.

Moderna Inc. said Tuesday it agreed to provide the U.S. government 100 million doses of its experimental coronavirus vaccine in exchange for more than $1.5 billion. 


 
Commercial Properties' Ability to Repay Mortgages Was Overstated, Study Finds

Many borrowers are struggling because of the coronavirus. The study showed that even during normal economic times, mortgaged properties' net income often falls short of the amount underwritten by lenders. 


 
RBNZ Increases Asset Purchase Program Limit to $65.8 Billion

UPDATED: The Reserve Bank of New Zealand said it is raising the limit of its large-scale asset purchase program to US$65.77 billion to counter the pandemic's economic damage. 


 
U.S. Employers Shed IT Jobs Amid Faltering Reopening Plans

U.S. employers shed roughly 134,000 information-technology jobs in July, according to IT trade group CompTIA, a signal that companies might be taking a wait-and-see approach as questions remain over everything from a new stimulus package to the return of in-person schooling amid the continuing coronavirus pandemic. 


 
Employers Cast Wary Eye on Trump Payroll-Tax Deferral

Employers considering President Trump's plan to allow deferred payment of payroll taxes face a series of costs, uncertainties and headaches.