House Passes Short-Term Spending Bill to Keep Government Funded Through Dec. 11
The House passed a short-term spending bill keeping the government funded through Dec. 11, after Democrats reached a deal with the White House over farm aid and food assistance. The Senate is expected to vote on it this week.
Mnuchin, Powell Urge More Spending to Help Economy Recover
The U.S. Treasury secretary and the Fed chairman told lawmakers that emergency loan programs to support the coronavirus-stricken economy were largely working as intended and that more government spending would be needed to sustain the recovery.
U.S. Stocks End Higher as S&P 500 Snaps Losing Streak
The recovery follows a bout of volatility that has tested investors' confidence in the market's monthslong rebound.
German Consumer Mood Unlikely to Pick Up
German consumer sentiment is set to stabilize in October, following a clear downturn in the previous month, with GfK's latest sentiment index at minus 1.6 points.
September Brings a Reality Check for Stocks
September is living up to its well-known reputation as a poor month for stocks. Investors may grow to appreciate it.
Draft Guidelines for Covid-19 Vaccine Authorization Require Strict Review
The Food and Drug Administration has submitted a draft plan for review to Secretary of Health and Human Services Alex Azar, and the White House is also looking at it.
U.S. Coronavirus Death Toll Tops 200,000
The U.S. death toll exceeded 200,000, as some guidelines and practices for stopping the disease's spread have been called into question.
U.K. Introduces New Covid-19 Restrictions to Curb Second Wave
British Prime Minister Boris Johnson announced new coronavirus restrictions for England, including earlier pub-closing times, as his government tries to quell a second wave of infections.
Oil Market Flies Blind as Virus Clouds Demand Outlook
Predicting oil demand has rarely been more challenging. Energy analysts are mapping out the course of the coronavirus and efforts to stop the pandemic, as well as grappling with the effects on fuel demand of an economic downturn.
RBNZ on Hold But Prepared to Deploy More Stimulus
The Reserve Bank of New Zealand left its official cash rate unchanged but kept the door open to further policy easing, indicating the economic recovery from the effects of the Covid-19 pandemic is expected to be slow.