Economy

A French court Monday found Christine Lagarde guilty of negligence during her time as French finance minister but imposed no penalty—in a surprise blow to the International Monetary Fund chief.

Cities across northern China issued pollution alerts over the weekend, signaling a new willingness to pay an economic price for cleaner air.

The U.S. economy is strong, with unemployment near the lowest in a decade, and home prices notching records. But the number of single-family homes under construction remains at recessionary levels.