Bloomberg Business

Treasury Secretary Janet Yellen wouldn’t rule out the threat of a US recession, saying it’s “appropriate and normal” for growth to moderate and that inflation remains too high.

Get ready for the new week.

Thai prime minister candidate Pita Limjaroenrat appealed to the country’s lawmakers to back his bid for the top job, as he rallied supporters days before a pivotal parliamentary vote to pick the country’s next leader.

Leaders of the 31 countries that comprise the North Atlantic Treaty Organization will gather in Vilnius, Lithuania, for a two-day summit starting Tuesday, as Russia’s war in Ukraine nears its 18-month mark.

Wall Street strategists are increasingly voicing concerns about the concentration of Big Tech stocks in this year’s stock-market rally. But if history is any guide, there’s little reason to fear.

European Central Bank Governing Council member Mario Centeno said he’s confident inflation has peaked and is quickly receding, and suggested underlying price growth will follow with a lag.

Support for German Chancellor Olaf Scholz’s three-party government has plummeted to its lowest level since coming to power in late 2021, with political in-fighting and faltering efforts on the clean-energy transition dragging on voter sentiment in Europe’s largest economy.

Near record heat will spread from the US Southwest across Texas and the Great Plains this week, with temperatures of 100F (38C) or more straining electricity networks.