NewsWatch: Why oil got left behind as stocks soar on revived stimulus hopes

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MARKETWATCH FRONT PAGE

The U.S. stock market was back in rally mode Wednesday, recovering all of the previous day’s slide and more as hopes revived for an eventual round of fiscal stimulus from Congress. But oil futures got left way behind. See full story.

Mnuchin and Pelosi resume discussions after Trump changes course on fiscal stimulus

Treasury Secretary Steven Mnuchin and Speaker of the House Nancy Pelosi spoke by phone on Wednesday morning after President Donald Trump said he wanted to pass targeted measures. See full story.

‘The stakes are really high’ for Pence in VP debate as Trump campaign seeks to narrow Biden lead in polls, experts say

Wednesday night’s vice presidential debate could be a turning point in President Donald Trump’s quest for reelection, with less than a month remaining in the campaign and polls showing him trailing former Vice President Joe Biden by a significant margin See full story.

Think your nest egg is safe sitting in cash? Think again — billionaire investor explains where some of that money should go instead

Ray Dalio, founder of the massive Bridgewater Associates investment firm, has been railing against cash all year long, and he doubled down on his stance on Wednesday, telling CNBC that, even amid all the stock market turmoil, it’s “not a safe investment.” See full story.

The COLA increase for next year doesn’t look good

Why Social Security and Medicare recipients could fall further behind in 2021 See full story.

MARKETWATCH PERSONAL FINANCE

How to stop deferring to a partner on financial matters. See full story.