|Delayed - 10/28 05:11:58 pm|
News Highlights: Top Global Markets News of the Day
|09/24/2020 | 02:16pm|
Unemployment Claims Hold at High Level
The number of applications for unemployment benefits has held at just under 900,000 a week this month, suggesting the labor-market recovery is stalling as layoffs restrain hiring gains six months into the pandemic.
U.S. Stocks Wobble in Another Volatile Session
U.S. stocks bobbed up and down in a volatile trading session, leaving the S&P 500 teetering on the edge of correction territory amid ongoing concerns around the coronavirus pandemic and a contentious presidential election.
Pace of New Home Sales Tops 1 Million for First Time in 14 Years
The housing market continued to boom in August, as low mortgage rates and pandemic-driven demand pushed a pushed single-family home sales up 4.8% in August.
U.K. Extends Covid-19 Support to Businesses for Six Months
The decision to extended support to businesses underlines the difficulty of withdrawing costly support while Covid-19 continues to spread.
Banks Love 2020 Market, but Market Doesn't Love Them Back
While investors are still sour on the stocks of big banks, industry executives say parts of the business are booming
Gold Prices Hit by Stronger Dollar, Declining Inflation Expectations
The precious metal is set for its worst week in six months while silver's weekly losses are the biggest in nine years.
U.S. New Coronavirus Cases Inch Lower
The U.S. reported 37,330 new coronavirus cases Wednesday, down from nearly 40,000 a day earlier, as a fourth experimental vaccine entered final-stage testing in the country.
Chinese Property Developer Decries Fabricated Documents After Selloff
China Evergrande Group said documents circulating online about a corporate restructuring involving a key subsidiary were fake, after they spurred a steep selloff in the Hong Kong-listed real-estate developer's bonds and shares.
Companies Adjust Earnings for Covid-19 Costs, but Are They Still a One-Time Expense?
Finance chiefs and investors are trying to figure out how to account for coronavirus-related expenses as the pandemic transforms how companies operate in ways that may become a permanent cost of doing business.
Pensions Have Been Shunning Stocks at Their Own Peril
Pension funds and endowments have been shifting away from the U.S. stock market for years. Some are now reconsidering that decision.