U.S. Economy Sees 'Slight to Modest' Growth This Fall, Fed Says

The U.S. economy grew at a "slight to modest" pace over the fall in the latest indication that the economic recovery from the coronavirus pandemic has yet to pick up speed, the Federal Reserve's Beige Book report said. 


 
U.S. Stocks in Narrow Range as Stimulus Talks Continue

U.S. stocks traded in a narrow range Wednesday as investors assessed prospects for a fresh stimulus bill and the health of major American businesses through their quarterly reports. 


 
U.S. Crude-Oil Inventories Decline Near Expectations

Government data showed U.S. inventories of crude oil declined by 1 million barrels last week, near analysts' forecasts, while domestic crude-oil production dropped below 10 million barrels a day. 


 
Why Central Banks Want to Create Their Own Digital Currencies Like Bitcoin

Central banks around the world are weighing introducing a new kind of money. Here is what you need to know. 


 
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. 


 
Electric-Vehicle Startups Are Wall Street's Hot New Thing. No Revenue? No Problem.

A frenzy has hit the electric-vehicle sector. Buoyed by the surge in the stock price of Tesla 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.

(END) Dow Jones Newswires

10-21-20 1515ET