Inflation Rises to Four-Decade High, According to the Fed's Preferred Measure

Consumer prices surged in March, amid higher energy costs after Russia's invasion of Ukraine.

Stocks Slide After Amazon Loss

A tumble in shares of $Amazon(AMZN.US)$ and other technology stocks helped push the $S&P 500 index(.SPX.US)$ lower and toward its worst month since March 2020.

U.S. Consumers Boosted Spending in March

U.S. household spending rose 1.1% in March, the Commerce Department said Friday, reflecting higher prices and demand for services.

Employer Spending on Labor Rose Rapidly in First Quarter

Businesses are competing for workers in a tight labor market where job openings far outstrip the number of people looking for work.

Analysis: Rising Inflation Strengthens Case for ECB Rate Rise

Preliminary data showing eurozone annual inflation rose to a lofty 7.5% in April add weight to market expectations that the ECB will start raising interest rates in July, analysts said.

Russia Cuts Interest Rate as Economy Reels From the War in Ukraine

Russia's central bank delivered a second cut in its key interest rate this month in an effort to support an economy battered by the war in Ukraine and Western sanctions.

Eurozone Economy Keeps Growing but Recession Risk Looms

The economy continued to grow at a modest pace in the first three months of the year, but faces the threat of a slide into recession as the war in Ukraine keeps energy costs high and squeezes household spending power.

Rescuers Look for Survivors at Kyiv Apartment Block Hit by Russia

Rescue workers sifted through the debris of a 21-story apartment block that was struck by a Russian missile, while Ukrainian forces stepped up their efforts to prevent Russian troops from advancing from positions in the east.