New U.S. Coronavirus Cases Tick Up Again

The U.S. reported nearly 56,000 new coronavirus cases, the highest daily tally in four days, as communities around the country face decisions on whether to reopen schools in the fall. 


 
Coronavirus Negotiators Remain 'Miles Apart,' Pelosi Says

A dayslong standoff between Democrats and Republicans over another coronavirus-relief bill showed no signs of abating Wednesday, as negotiations threatened to stall until next month, when lawmakers must reach an agreement to keep the federal government funded. 


 
Fed Officials Warn Pandemic Response Is Hobbling Economic Rebound

Central bankers said a recent slowdown in U.S. economic activity was likely to persist because of difficulties states have encountered in suppressing the coronavirus pandemic, which could require more government spending to support the economy. 


 
Coronavirus Projected to Sap More Oil Demand Than Expected

High coronavirus case numbers in several major economies will blunt the recovery of an oil market already beleaguered by low demand, the International Energy Agency said Thursday. 


 
S&P 500 Climbs but Closes Below a Record

U.S. stocks rallied more than 1%, with the S&P 500 finishing the day just below its February high. 


 
German Inflation Falls as Expected

German consumer prices fell 0.5% in July, confirming preliminary data and in line with consensus forecasts. 


 
U.S. Deficit Totaled $2.8 Trillion From October Through July

The federal deficit totaled $2.8 trillion in the first 10 months of the fiscal year, as government spending to combat the coronavirus continued to outpace federal tax collection. 


 
Australia's Job Market Surges Back to Life

Job creation across Australia jumped sharply in July, as the economy regained momentum amid signs that the impact of the Covid-19 pandemic is easing somewhat. 


 
Oil Demand Faces Bigger Coronavirus Shock Than Previously Thought

The coronavirus pandemic will have an even bigger impact on the global economy and its demand for oil than previously expected, OPEC said. 


 
U.S. Oil Refiners Accelerate Shift to Renewables in Downturn

Phillips 66 plans to convert a San Francisco-area oil refinery into a biofuels plant, the oil industry's latest move amid depressed fuel consumption and growing U.S. regulatory pressures.