Fed Officials Step Up Calls for More Government Spending to Speed Economic Recovery 
 

Fed officials say additional fiscal stimulus is needed to avoid an uneven and protracted recovery from the coronavirus pandemic.


 
U.S. Coronavirus Cases Rise by Nearly 40,000 
 

New coronavirus infections in the U.S. have been trending upward for the past week.


 
Dow Industrials Fall More Than 500 Points 
 

U.S. stocks fell sharply, extending their turbulent run as hopes for additional fiscal stimulus dimmed, coronavirus cases rose and investors continued to question the valuations of tech stocks.


 
Australian Government Adopts New Budget Strategy as Virus Bites 
 

The Australian government has thrown out its long-held fiscal strategy of pursuing budget surpluses, replacing it with a goal to push the unemployment rate sustainably back below 6% over time.


 
California to Ban Sales of New Gas-Powered Cars Starting in 2035 
 

Gov. Gavin Newsom signed an order that aims to end the sale of new gasoline and diesel-powered passenger cars in the state by 2035.


 
DOJ to Seek Curbs on Immunity for Internet Companies 
 

The Justice Department submitted a proposal to Congress on Wednesday to curb longstanding legal protections for internet companies such as Facebook, Google and Twitter.


 
U.S. Economy Continues Steady Recovery in September, Surveys Show 
 

The U.S. economy in September continued its steady recovery from the sharp declines in the second quarter as demand and output strengthened, according to business surveys. But the pace faltered in Europe and Asia, where new infections have led to new restrictions on activity.


 
SEC Raises Bar for Shareholder Resolutions 
 

Critics say the move would chill corporate democracy by changing the rules for submitting resolutions for a vote at company shareholder meetings. Companies complain about costs caused by gadfly investors.


 
United Wholesale Mortgage Goes Public in Biggest SPAC Deal Ever 
 

The biggest wholesale mortgage originator in the U.S. is merging with a special-purpose acquisition company in a deal that will take the lender public at a valuation north of $16 billion.


 
Peak Oil Is Already Shifting Markets 
 

The prospect of falling demand for crude oil could unleash a long-term scramble between rival producer nations.