Inflation Heated Up to 4.2% in May, as Energy Costs Continued to Bite

Consumer prices were up 4.2% in May from a year earlier, the Labor Department said Wednesday, accelerating from 3.8% the previous month.

Bank of Japan Says Ueda Hospitalized, Will Miss Policy Meeting

Bank of Japan Gov. Kazuo Ueda has been hospitalized and is expected to miss next week's monetary policy meeting, the central bank said Wednesday.

Three Days of Clashes Show the Iran Conflict Is Entering a Dangerous New Phase