Senate Republicans Discuss Short-Term Extension of Jobless Aid
Senate Republicans are discussing the possibility of extending a $600 weekly supplement to unemployment benefits on a short-term basis to give lawmakers more time to negotiate a long-term solution.
Pfizer Shares Drive Dow Industrials Higher
The blue-chip index closed with gains despite U.S.-China relations showing signs of further deterioration as Pfizer reached a procurement deal with the federal government for a potential coronavirus vaccine.
Housing Market Stages Comeback Amid Low Mortgage Rates
Sales of previously owned homes in the U.S. jumped 20.7% in June as the housing market shook off high unemployment and buyers with pent-up demand seized on record-low mortgage rates.
Tumbling Dollar Unleashes Precious-Metals Rally
The U.S. dollar fell for the fourth consecutive session, highlighting investor concerns about rising coronavirus cases in many states and aiding a booming rally in precious metals such as gold and silver.
U.S. Orders China to Close Its Houston Consulate
The U.S. ordered China to shut its consulate in Houston, with officials accusing it and other Chinese diplomatic missions of economic espionage and visa fraud, an unprecedented escalation in a rapidly deteriorating relationship.
U.S. Crude-Oil Inventories Rise as Refineries Slow Down
Crude-oil stockpiles unexpectedly climbed by 4.9 million barrels in the latest week, taking inventories about 19% above the five-year average, U.S. government data showed. Meanwhile, the refining capacity utilization rate surprisingly declined.
Fed Deliberates How and When to Roll Out More Economic Support
Federal Reserve officials are set to discuss next week how to provide more economic stimulus, though they have signaled comfort leaving policy on hold until they learn more about how the coronavirus pandemic is weighing on the U.S. economy.
Why China's Growth Sometimes Doesn't Add Up
While a range of figures from metal prices to trade hint at a stronger rebound than elsewhere, there are still reasons-structural and otherwise-to be skeptical of the scale of China's second-quarter growth.
The Deck Is Stacked Against Card Lenders
Cardholders are borrowing less, and banks like Capital One aren't earning the big yields associated with card loans.
Global Dairy Prices Bounce Back From Coronavirus Slump
A pickup in demand for milk products in China and other parts of Asia has sparked a rebound in global dairy prices, improving the profit outlook for farmers from New Zealand to the U.S.
