Stocks Rise Ahead of Stimulus Talks Deadline
The Dow and S&P 500 ticked up ahead of House Speaker Nancy Pelosi's deadline for Congress to reach an agreement on a spending package to support American households and businesses through the pandemic.
Fed Official Says Market Turmoil Triggered by Covid-19 Revealed Fragile Nonbank System
The market turmoil triggered by the pandemic early this year uncovered weaknesses in the U.S. financial system that regulators are seeking to fix, said Randal Quarles, the Fed's vice chairman for supervision.
U.S. Housing Starts Resume Their Upward Trajectory in September
Construction of new homes in the U.S. increased in September after declining the prior month, signaling continued strength in the housing market, data from the Commerce Department showed.
Europe's Riskiest Countries Find Debt Markets Wide Open
Greece's borrowing costs shrank to the tightest point relative to Germany since 2009, a flashback to before last decade's debt crisis exposed fault lines across the Continent.
Aluminum Prices Surge as Chinese Demand Accelerates
The price rise comes as investors bet strong Chinese buying and improving industrial demand will see the metal catch up with its base-metal peers.
Commercial REITs for Small Investors See Increasing Demand
The new fundraising still is low compared with the record $5 billion raised in the first quarter of 2020, mostly before the pandemic hit. But the bigger nontraded REITs have largely held steady.
Pot Stocks Go on a Chilled-Out Election Rally
A victory for the Democratic Party in next month's presidential election would be a game changer for the cannabis industry. Despite their reputation for overexuberance, pot investors are reacting with level heads.
U.S., Russia Near Deal to Extend Nuclear Treaty and Freeze Warheads
Washington and Moscow are on the verge of an arms control deal to freeze the number of nuclear warheads on each side and extend the New START agreement for a year, a U.S. official said Tuesday.
Pelosi, Mnuchin Work to Reach Deal Before Tuesday Deadline
House Speaker Nancy Pelosi (D., Calif.) and Treasury Secretary Steven Mnuchin are working to see if it is possible to make a deal on a sweeping coronavirus relief package before the election.
China Is Experiencing a Boom in Share Sales
China is claiming a record proportion of global initial public offerings and other debuts, aided by buoyant markets, a new tech board and companies seeking listings closer to home.
(END) Dow Jones Newswires