U.S. Stocks Rise as Dow Extends Rebound
Stocks continued the previous session's rebound from a steep selloff, as investors turned their focus to the banner start to corporate earnings season.
House Committee to Weigh Corporate Bankruptcy 'Abuses'
The House Judiciary Committee said Wednesday it will hold hearings beginning next week to address what it described as "abuses" of the corporate bankruptcy system, including a legal strategy the owners of OxyContin maker Purdue Pharma LP are pursuing to shield themselves from opioid litigation.
Dollar Gets Boost From Global Fear, Not U.S. Cheer
The dollar is closing in on its highest levels for the year against other major currencies, propelled by investors' worries about global growth rather than cheer over U.S. prospects.
Car Dealers Can Keep Rolling After Supply Crunch
Auto dealers like AutoNation and Lithia are spending less and making more, and some supply-crunch gains could be lasting.
Republicans Block Infrastructure Bill but Talks to Continue
Senate Republicans blocked an effort to begin debate on a bipartisan infrastructure deal still under negotiation, but lawmakers said they expected to close in on a final agreement by early next week.
Bank of Canada Appoints Sharon Kozicki as Deputy Governor
Sharon Kozicki has been an adviser to the Bank of Canada governor and secretary to the governing council since 2013.
U.S. Crude-Oil Inventories Rise as Refiners Ease Activity
U.S. inventories of crude oil unexpectedly increased as refiners slowed down activity, with stockpiles rising by 2.1 million barrels to 439.7 million barrels, putting them about 7% below the five-year average.
Elon Musk Says He Personally Owns Bitcoin-and So Does SpaceX
The Tesla CEO generally supports the cryptocurrency despite harboring concerns about its environmental impacts.
Infrastructure Fundraising Bounced Back in 2021's First Half
Infrastructure funds collected $51.8 billion in this year's first half, boosted by low yields on other assets and the potential for a U.S. government-backed spending spree.
(END) Dow Jones Newswires
July 21, 2021 21:00 ET (01:00 GMT)
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