Fiscal fizzle saps U.S. economic recovery, a possible boost to Biden
(Reuters) - This week's economic data offers fresh hints that the U.S. recovery will slow without new federal aid, a possible blow to President Donald Trump's reelection bid, especially since any new spending before the Nov. 3 presidential election seems unlikely.
Wall Street Weekahead: Corporate debt frenzy rolls on as worries loom over markets
NEW YORK (Reuters) - Investors are gearing up for the year's record-breaking pace of corporate bond issuance to continue in the coming week, even after the U.S. Federal Reserve rattled nerves at its September meeting with a gloomier-than-expected economic outlook.
Fed's new framework met with a confused shrug by the public: survey
WASHINGTON (Reuters) - The Federal Reserve hopes a new strategy rolled out last month will sink deep into the minds of the U.S. public, be well understood to involve higher inflation in the future, and prompt people to act accordingly.
'Nasdaq whale' closes more large options trades
NEW YORK (Reuters) - A large options player which some market watchers call the "Nasdaq whale" unwound bets on several technology-related companies on Friday after the sector's recent sell-off.
BoE's Haldane says UK recovering 'faster than anyone expected'
LONDON (Reuters) - Britain is recovering faster than anyone had expected from the economic impact of COVID-19, but businesses need better incentives and access to finance to invest in technology, Bank of England chief economist Andy Haldane said.
TikTok says it already committed to government oversight of U.S. data security
(Reuters) - Video-sharing app TikTok said on Saturday it has already committed to the U.S. government oversight of data security in the country, and that it was "disappointed" by the Trump administration's decision to ban it from U.S. app stores from Sunday.
China's economy remains resilient despite external risks, says Xi
BEIJING (Reuters) - China's economy remains resilient and there are ample policy tools at Beijing's disposal despite rising external risks, President Xi Jinping said in remarks published on Saturday.
Germany plans reform to avoid bankruptcy wave due to corona
BERLIN (Reuters) - Germany would relax insolvency rules under proposals set out on Saturday to help avert a wave of bankruptcies in Europe's biggest economy, provided companies hit by the coronavirus crisis have a robust business model.
Indonesia, U.S. agree on infrastructure finance agreement
JAKARTA (Reuters) - Indonesia has signed an agreement with the United States to strengthen infrastructure financing through private sector investment, Indonesia's Finance Ministry and the U.S. Treasury Department said on Friday.
Democrats boost U.S. consumer sentiment, current account deficit widens 52.9%
WASHINGTON (Reuters) - U.S. consumer sentiment increased in early September, with Democrats growing more upbeat about the economy's outlook ahead of the Nov. 3 presidential election while Republicans' optimism waned slightly.