U.S. Stock Futures Point to Fourth Week of Declines
The S&P 500 is on track for its worst September since at least 2011 as investors fret about the uneven economic recovery, rising Covid-19 infections and political risk.
How the World's Dullest Market Quietly Created a Synthetic Dollar Empire
Beneath the placid surface, the trade in short-term Japanese government bills and deposits conceals a thriving world of dollar funding, which offers hints about developments in China's banking system too.
Investors in Europe Buy Up Stock Funds
Global equity funds offered by European asset managers in August took in $10 billion and were the bestselling sector in the European fund industry as confidence ticked higher.
China Evergrande Selloff Deepens as Concern Mounts Over Its Financial Health
China Evergrande's bonds and shares came under a second day of heavy selling pressure, as investor concerns grew about the large property developer's financial health despite its attempt to calm such worries.
U.S. Coronavirus Cases Near Seven Million
Newly reported U.S. coronavirus cases rose, bringing total U..S. infections over the long-running pandemic to nearly seven million, as another vaccine entered final-stage trials.
China's Bonds Win Third Key Index Inclusion
FTSE Russell is set to add Chinese government debt to its key indexes, a move that could attract more than $100 billion of foreign capital.
Covid-19 Vaccine From Novavax to Begin Phase 3 Trial in U.K.
The company said it has started a final-stage, 10,000-person study of its experimental Covid-19 vaccine in the U.K.
A Bet on Europe Is a Bet on Drugs, Against Tech
The skew toward tech giants in the U.S. stock market is well known. Less appreciated is that Europe's markets are now dominated by drugmakers.
Jobless Claims Keep Rising in New York, New Jersey
First-time applications for unemployment benefits jumped in New York and New Jersey last week as the economic fallout from the coronavirus pandemic drags on.
Fed's Evans Says Fiscal-Policy Pullback Threatens Economic Recovery
More fiscal relief is needed to limit further damage, particularly to vulnerable communities, the Chicago Fed leader said.