Stocks Sell Off on Rising Virus Cases

Elevated infection levels stoked concerns that more lockdown measures may be looming, potentially dealing another blow to the economic recovery. 


 
Europe's Core Payments Network Disrupted by Technical Malfunction

The European Central Bank blamed a software defect for a disruption last week that left banks unable to process transactions and securities trades for almost 11 hours. 


 
Housing Affordability Crisis Deepens in Fire-Prone Parts of California

Insurance companies retreated from selling home insurance in wildfire-prone parts of California in 2019, new state data shows, making it more difficult and expensive for homeowners in those areas to protect their homes. 


 
Pandemic Is Ray of Light for Solar Industry

Heftier home electricity bills, outages and low interest rates are all helping residential solar companies sell their products to homeowners. 


 
Bank of Canada Signals Rates to Remain Unchanged For Years, Tweaks Quantitative Easing Program

Canada's central bank left its benchmark overnight interest rate unchanged at 0.25% and said it would likely remain at that level until at least 2023. 


 
Cotton Trades Near 18-Month High

Poor weather in cotton-producing regions of the U.S. has weighed on production. 


 
Tariffs Didn't Fuel Revival for American Steel

President Trump's 25% duties haven't yielded the steelmaking renaissance that he promised during his 2016 campaign. The industry's early job gains evaporated as steel demand and prices sank. 


 
The Coronavirus Economy Is a Mixed Bag for Credit-Card Issuers

Consumers are spending money as if the coronavirus recession is over. But they are also paying down old debts and avoiding new ones in case the pandemic lasts a while. 


 
New U.S. Coronavirus Cases Climbed Above 70,000

New U.S. coronavirus cases climbed back above 70,000 as states across the country continued to report high levels of new infections. 


 
China Gives Market More Say in Setting Yuan's Value

China is giving investors more power in setting the value of the yuan, a move analysts said was likely intended to boost the currency's international appeal rather than to drive it lower. Chinese banks have recently stopped using what is known as a countercyclical factor.

(END) Dow Jones Newswires

10-28-20 1315ET