Stocks End Higher 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.
Pelosi, Mnuchin Make Final Push on Coronavirus Talks
White House and Democratic negotiators were taking a final shot Tuesday at determining whether a deal on a coronavirus relief package is feasible before the election.
Chicago Fed's Evans Says More Fiscal Aid Important for Healthy Recovery
Chicago Federal Reserve Bank President Charles Evans said Tuesday he sees a healthy recovery for the U.S. economy, but added that its vigor still depends on more government aid.
Moody's Downgrades U.K. Banks
Moody's Investors Service downgraded the credit ratings of three U.K. banks following a cut to the nation's sovereign debt rating last week.
Many Workers Gave Up Looking for Jobs in September
Workers stopped searching for jobs across the U.S. in September, with the size of the labor force shrinking in more than half of the 30 states in which unemployment rates fell last month.
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.
New U.S. Coronavirus Cases March Higher
The U.S. reported more than 58,000 new coronavirus infections, continuing an upward trend in recent days that has prompted further restrictions in some parts of the country, as the national death toll exceeded 220,000.
U.S. Banking Regulator Backs New Liquidity Requirements
The board of the Federal Deposit Insurance Corp. voted 3-1 to adopt a final rule to set a so-called net stable funding ratio, obliging large banks to hold enough funding to meet their needs for up to a year.
(END) Dow Jones Newswires