|Delayed - 11/27 02:07:52 pm|
News Highlights: Top Global Markets News of the Day
|10/29/2020 | 08:16am|
U.S. Jobless Claims Fall to 7-Month Low of 751,000 Last Week
The number of Americans filing initial claims for unemployment fell to the lowest level since the pandemic began, suggesting layoffs are easing despite a rise in coronavirus infections.
Economy Recovered Significant Ground in Third Quarter
The U.S. economy grew at a record pace in the third quarter, recovering significant ground it lost earlier in the coronavirus pandemic.
U.S. Stock Futures Waver Ahead of Busy Earnings Day
The S&P 500 is poised for a small rise as investors await guidance from technology giants including Apple, Amazon.com, Facebook and Alphabet.
China Leadership Pledges Big Economic Rise in Next 15 Years
Chinese leaders vowed Thursday to pull China's per-capita output levels up to that of "the middle level of developed economies" within 15 years, a task economists say will require China to triple its current level by 2035, putting it roughly on a par with South Korea and Spain.
EnCap Has Raised $405 Million So Far for Debut Clean-Energy Fund
After investing in oil and gas for over 30 years, EnCap is one of several private-equity firms diversifying into clean energy.
Accel-KKR Closes First Small-Cap Fund
After wrapping up fundraising for Accel-KKR Emerging Buyout Partners LP fund at its hard cap of $640 million, the firm is armed with capital to invest in software and technology companies smaller than it would back through its flagship funds.
Recovery In Eurozone Confidence Stalled In October
The revival in confidence among eurozone businesses and consumers stalled in October as a surge in coronavirus infections led governments to impose tougher restrictions on households and firms.
O'Brien-Staley Partners Raises $550 Million for Third Fund
CEO Jerry O'Brien sees the coming years as an opportune moment to invest in "unloved" loans, given the economic dislocation caused by the coronavirus pandemic.
Bets on Biden-Led Stimulus Fuel Outperformance by Small Stocks
Small stocks are outpacing larger companies by the greatest amount in years so far this month, underscoring investors' bets on Democrats gaining control in Washington and ramping up spending to support the economy.
Pelosi Says Details of Coronavirus Package Could Change After Election
House Speaker Nancy Pelosi said the coronavirus relief plan she has been discussing with the White House could morph in the lame-duck session of Congress, absent any formal agreement on details and shifting incentives for both parties after the election.
(END) Dow Jones Newswires