Extra jobless benefits and stimulus payments increased the savings of unemployed Americans, a new study shows. That money is now running low—and so is the boost it gave the economy

China said its economy grew 4.9% in the third quarter from a year earlier, which was slower than expected

New applications for unemployment benefits this month fell to the lowest levels since the coronavirus pandemic shut many businesses in March, a sign of improvement for the U.S. economy.

Existing-home sales rose 9.4% in September from August to a seasonally adjusted annual rate of 6.54 million, the highest rate since May 2006, the National Association of Realtors said. The September sales marked a 20.9% increase from a year earlier.

The market turmoil triggered by the coronavirus pandemic early this year uncovered weaknesses in the U.S. financial system that regulators are seeking to fix, says the Fed's Randal Quarles.

Since March, President Trump has approved a head-spinning series of actions to confront China. Three big changes account for the administration’s shift, according to the current and former officials in Washington:

Richard Clarida, the central bank’s No. 2 official, says easy monetary policy and more government spending will be needed.

Government borrowing in the eurozone surged this spring to its highest levels since the creation of the currency union.