U.S. Daily Coronavirus Case Count Holds Steady at Under 50,000

The U.S. reported more than 46,000 new coronavirus cases, similar to the tallies of the past two days, while death rates in parts of the country continued to rise. 


 
U.K. Economy Shrinks by More Than Any Other Rich Country

The U.K. recorded a steeper second-quarter contraction than its peers, a performance that means it suffered the worst economic hit from coronavirus in Europe as well as reporting the highest death toll. 


 
To Keep Rallying, Gold Prices Need a New Fuel

Tumbling real U.S. interest rates have fueled the sharp increase in the price of gold. To continue rallying toward lofty $3,000 forecasts, something more will be required. 


 
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. 


 
Stocks Turn Lower, Snap Winning Streak

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


 
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. 


 
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.