New U.S. Coronavirus Cases Slip to Lowest Since Late June
Some hopeful signs were beginning to emerge as the U.S. logged the lowest daily number of new cases in nearly eight weeks and hospitalizations showed sustained declines.
Several States Commit to Extra Federal Jobless Benefit of $300 a Week
The Labor Department estimates states will take three weeks on average to deliver the enhanced unemployment payments offered by the federal government under an executive order from President Trump.
S&P 500 Sets First Record Since February, Erasing Its Coronavirus Plunge
The S&P 500 closed at its highest level ever Tuesday, capping a remarkable rebound fueled by unprecedented government stimulus and optimism among investors about the world's ability to manage the coronavirus pandemic.
Japan's Exports Decline Slowed in July
Japan's exports fell at a slower pace in July as shipments to China rose for the first time in seven months as the coronavirus crisis there eased compared with Western nations.
Mnuchin Says Stimulus Talks Remain Stalled
Treasury Secretary Steven Mnuchin said talks remain stalled between Republicans and Democrats over another round of stimulus funding, though bipartisan appetite for a deal remains high.
Hong Kong Morning Trading Session Canceled Due to Typhoon
Hong Kong's stock exchange morning trading session has been canceled due to the typhoon alert issued by the government, which is currently at signal No. 8.
Trump Expresses Support for Oracle to Buy TikTok
President Trump voiced support on Tuesday for Oracle to buy the U.S. operations of TikTok, adding a fresh wrinkle to the bidding for the Chinese-owned video-sharing app.
U.S. Housing Starts Surged in July
Housing starts, a measure of U.S. homebuilding, rose by 22.6% in July compared with June, to a seasonally adjusted annual rate of 1.496 million. above economists expectations that starts would grow by 4.6%, to an annual pace of 1.24 million.
Community-Based Lenders See Surge of Interest
A network of financial institutions set up to address economic inequality have received multimillion-dollar investments from Goldman Sachs Group, Bank of America, Netflix and Google, among others, following the coronavirus pandemic and the heightened attention on race.
A Chinese Power Stock With a Mighty Tailwind
Ming Yang Smart Energy Group benefits from Chinese stimulus and a lack of baggage that weighs down many competitors.