This article is being republished as part of our daily reproduction of articles that also appeared in the U.S. print edition of The Wall Street Journal (August 13, 2020).

China's Xi is laying out a major initiative to accelerate the country's shift toward more reliance on its domestic economy, as the world remains in recession and tensions with the U.S. deepen.

A steady rally in stocks has pushed the S&P 500 to the cusp of its first record close since the pandemic brought the economy to a halt.

Fannie and Freddie said they would impose a new fee to insulate themselves from losses on refinanced mortgages they guarantee.

Goldman is bidding to replace Capital One as GM's credit-card issuer. Barclays is also in the running.

Lyft reported a dramatic drop in riders and revenue for the second quarter.

The SEC and FBI are examining investments sold by the online platform YieldStreet.

Cisco said it would adjust investment plans and pursue deep cost cuts amid shifting customer priorities.

Simon and Brookfield have teamed up and are in advanced talks to buy J.C. Penney's retail operations.

U.S. consumer prices rose in July, a sign of firming inflation as demand for goods rebounded.

The U.K. economy shrank 20.4% in the second quarter, taking the worst hit from the coronavirus in Europe.

Tencent played down threats from potential U.S. curbs on its WeChat app as the Chinese firm posted better-than-expected results.


(END) Dow Jones Newswires

August 13, 2020 02:47 ET (06:47 GMT)

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