Americans' household wealth rebounded last quarter to a record high as the stock market quickly recovered from a pandemic-induced plunge in March. Yet the gains flowed mainly to the most affluent households even as tens of millions of people endured job losses and shrunken incomes. The...

Oil prices plunged about 5% on Monday, weakening as rising coronavirus cases stoked worries about global demand and a potential return of Libyan production bolstered oversupply fears. Crude oil followed other equities and commodities markets in turning risk-averse on Monday as rising...

Oil prices fell on Monday on the potential return of output from Libya as rising coronavirus cases also added to worries about global demand, although a tropical storm heading for the U.S. Gulf of Mexico limited losses. Brent crude was down 33 cents, or 0.8%, at $42.82 a barrel by 0645...

A Lebanon-based consulting company hit by US sanctions said Friday it was surprised by the move and accused Washington of seeking to choke the battered Lebanese economy. The United States imposed sanctions Thursday on an official from Hezbollah, a movement backed by Iran and deemed a...