Economy

In Germany, overall economic activity declined at the fastest pace since the first wave of the pandemic, in May 2020.

Inflation-adjusted spending was little changed in May and has essentially stalled since February, setting up the economy for a substantial slowdown.

U.S. Treasuries surge, as investors seek out safer assets amid worries about U.S. banks and as economic data points to a softening labor market.

In a letter to lawmakers today, Janet Yellen says the Treasury Department's "best estimate" is that its extraordinary accounting measures will no longer be able to satisfy all the government's obligations by early June.

The Conference Board predicts a recession that will be more of a bump in the road than a pothole that disrupts the economy.

The effects of the war will likely be felt around the world, for years to come.

With inflation heading downward, the debate is now shifting to what happens after this fight is over— and the risks of getting it wrong are high, both economically and politically.

U.S. inflation data suggests price pressures have peaked, giving financial markets hope that the Federal Reserve's interest-rate hikes will soon pause.