Coronavirus Stimulus Talks to Continue

White House and Democratic negotiators said they would press ahead with efforts to reach a sweeping coronavirus relief deal after making progress Tuesday. 


 
Stocks Jump on Optimism on Stimulus

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. 


 
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. 


 
New U.S. Coronavirus Cases March Higher

The U.S. reported more than 58,000 new coronavirus infections, continuing an upward trend that has prompted further restrictions in the Midwest, as the national death toll exceeded 220,000. 


 
Former RBA Board Member Urges Stepped Up Bond Buying

Former Reserve Bank of Australia board member John Edwards has urged the central bank to ramp up government bond buying, saying it is the best option for further supporting the economy as it tries to shake off the Covid-19 recession. 


 
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. 


 
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. 


 
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. 


 
Traders Pick Up Pieces After European Exchange Outages

A glitch at bourses owned by Euronext left traders with unintended exposures and unsure whether a portion of the trades they placed Monday had gone through. 


 
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.

(END) Dow Jones Newswires

10-21-20 0315ET