Euro zone economy grows 0.7% in the second quarter despite gas crisis and inflation surge
Growth in the euro zone beat expectations for the second quarter, coming in at 0.7%.
GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal
Gross domestic product fell 0.9% at an annualized pace for the period, according to the advance estimate.
The economy may look like it’s in recession, but we still don’t know for sure
The GDP report brought the economy in line with a common definition of recession. But we won't know for sure if it officially becomes one...
Yellen says the economy is not in a recession despite GDP slump
Treasury Secretary Janet Yellen said Thursday the U.S. economy is in a state of transition, not recession, despite two consecutive quarters of negative growth.
There is deflation in some items as Wingstop notes dropping chicken wing prices
At a time when many consumers may have forgotten what deflation is, Wingstop said it's reaping the benefits of lower chicken wing prices.
Watch Treasury Secretary Janet Yellen talk live about the state of the U.S. economy
Treasury Secretary Janet Yellen speaks at a news conference on Thursday afternoon, following the release of second-quarter GDP data.
Retail sales rose more than expected in June as consumers remain resilient despite inflation
Advance retail sales were expected to increase 0.9% in June, according to Dow Jones estimates.
CEOs say they are raising prices, cutting costs as inflation dominates post-earnings conversations
Most company leaders say they've managed to navigate difficult times spurred by inflationary pressures at their highest level in more than 40 years.
West Coast ports reduce idling vessels as container supply increases
There are signs of shipping disruptions easing but movements in demand and inflation will continue to threaten supply chains.