Stocks Rebound After Steep Drop

Stocks, oil prices and bond yields rose, a day after markets were rattled on concerns that the spread of Covid-19 variants would set back the economic recovery. 


 
Infrastructure Vote Approaches Without Final Agreement in Place

Republicans to oppose the legislation absent more progress by negotiators. Democrats also want an antipoverty package to move forward. 


 
Crypto Exchange FTX Valued at $18 Billion

Investors in the $900 million funding round for the company run by Sam Bankman-Fried include SoftBank, Sequoia Capital and the Third Point hedge fund. 


 
U.S. Set to Drop Opposition to Nord Stream 2 Pipeline

The U.S. and Germany have reached an agreement allowing the completion of a controversial Russian natural gas pipeline, according to officials from Berlin and Washington, who expect to announce the deal as soon as Wednesday, bringing an end to years of tension between the two allies. 


 
U.S. Investors Seek Bargains in U.K. Home-Building Industry

A jump in housing prices draws buyers for the country's home builders, whose shares were hit by the pandemic's shutdown. 


 
Home Building Booms, but Not Enough

The building pace in the U.S. is the highest since the housing crash, but it won't be enough to fix a tight market for quite a while. 


 
Low-Income Lending Rules Set for Broad Overhaul

Top U.S. banking regulators said they would work jointly to modernize rules governing how banks lend hundreds of billions of dollars annually in lower-income communities. 


 
Oil and Gas Subsidies Are Under Pressure

Oil and gas investors need to stop fretting about subsidies for green energy and start worrying about hanging on to the prodigious ones their own industry receives. 


 
Nasdaq to Spin Out Market for Pre-IPO Shares

The deal could help drive more transactions to Nasdaq Private Market, the exchange operator's trading platform for shares of companies that haven't yet had an IPO. 


 
Analysis: ECB Meeting Could Be  Decisive

The European Central Bank's new inflation target set out in its recent strategy review could turn what would otherwise have been a low-profile monetary-policy meeting later this week into a very significant one.

(END) Dow Jones Newswires

07-20-21 2115ET