One of India’s biggest state-run banks said it had fallen victim to its third multimillion-dollar fraud in as many years, a stark illustration of the bad debts and weak defenses against misconduct that plague the country’s financial system. Read More WSJ.com: Markets...

Prices for forest products like lumber and plywood have soared because of booming demand from home builders making up for lost time, a DIY explosion and a race among restaurants and bars to install outdoor seating. Read More WSJ.com: Markets...

Do treasuries, most yielding well south of 1%, have a place in a modern portfolio? Currently at these levels, I conclude they don’t. Modern Portfolio Theory says that “the market” portfolio, leveraged or not, has the greatest expected return for the least amount of risk...