Amazon.com Inc. founder Jeff Bezos may have surpassed Microsoft Corp. co-founder Bill Gates to be the richest person in the world, but there’s one title he isn’t likely to claim: world’s most generous. Even with more than $90 billion to his name, Bezos has yet to make a major philanthropic mark, but with the new mantle of the world’s richest, …

Bloomberg US stocks pared gains and small caps turned negative as the prospects for tax reform remain dimmed by political wrangling in Congress. The latest evidence that the global economy is on firm footing earlier boosted equities around the world and lifted the dollar. The Russell 2000 Index slumped on speculation that failure to cut taxes would hit small companies …

Reuters Gulf stock markets mostly moved sideways on Wednesday, drawing little strength from rising oil prices, while Egypt pulled back after closing at record highs for three straight days. Brent oil futures rose to $61.70 per barrel, their highest since July 2015, while global equity markets continued climbing. The failure of Gulf bourses to rise on the back of these …