Two American oil giants lost more than $9 billion in the second quarter as the pandemic kept households on lockdown, cutting a gaping hole into a once-thriving business as the need for oil diminished around the world. Exxon lost $1.1 billion in the second quarter, and the Irving,...

The dollar extended its dramatic fall Friday, putting it on course for its biggest monthly drop in a decade as investors fretted that a rebound in the US economy would be derailed by the struggle to stem the coronavirus epidemic. Weakness in the US currency propelled the euro higher, with...

The US economy shrank at a dizzying 33% annual rate in the April-June quarter - by far the worst quarterly plunge ever - when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said Thursday. The Commerce...

China's Huawei has overtaken Samsung to become the number-one smartphone seller worldwide in the second quarter, industry tracker Canalys said Thursday. Canalys said the embattled firm, which is facing US sanctions, shipped 55.8 million devices -- overtaking Samsung for the first time,...