Stocks Climb on Stimulus Hopes, Earnings

Tesla is among companies slated to report quarterly earnings, which will give investors insights into how businesses are weathering the economic downturn. 


 
U.K. Regulator Pushes Auditors to Sniff Out Fraud

The U.K.'s accounting regulator wants to put the onus on auditors to seek out fraud among their clients after a string of corporate scandals shook the sector. 


 
Fed's Mester: More Work Needed To Communicate New Fed Framework

Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday that the U.S. central bank will likely need to work harder to make sure the general public understands what it is trying to accomplish with monetary policy. 


 
No Revenue, No Problem: Wall Street Rushes Into Electric Car and Truck Startups

A frenzy has hit the electric-vehicle sector. Buoyed by the surge in the stock price of Tesla Motors and a rush of blank-check companies that take startups public, investors are hoping to find the future titans of the auto market. 


 
Fed's Brainard Says More Spending Needed to Avoid Recovery Imbalance

Federal Reserve governor Lael Brainard warned that the U.S. economy would face an uneven recovery without additional government spending to shore up the hardest-hit sectors from the coronavirus pandemic. 


 
New U.S. Coronavirus Cases Increase for Third Straight Day

The U.S. reported more than 60,000 new Covid-19 cases on Tuesday, and an indicator suggests cases have been rising for more than two weeks. 


 
Financial Firms Gear Up for Biden and an Emboldened Consumer Watchdog

Companies are pushing to resolve pending cases with the Consumer Financial Protection Bureau. Their thinking: The agency will get a lot more aggressive if Joe Biden becomes president. 


 
Coronavirus Stimulus Talks Make Progress Despite Resistance

White House and Democratic negotiators said they would press ahead with efforts to reach a coronavirus relief deal after making progress even as the prospect of a roughly $2 trillion package sparked opposition from Senate Republicans. 


 
More Corporate Bonds Are Rated Triple-A in China Despite Pandemic

China's credit-rating firms are doling out more triple-A bond ratings, a trend that has continued this year despite the coronavirus pandemic and greater borrowing by companies in the world's second-largest economy. 


 
Leveraged Buyouts Come Roaring Back

Deals including Blackstone's agreement to buy genealogy researcher Ancestry are sparking an LBO revival after an assessment of the damage from the pandemic shutdown on private-equity firms' portfolio companies.

(END) Dow Jones Newswires

10-21-20 1115ET