The former chief of Silicon Valley Bank and two former executives from Signature Bank drew criticism from senators at a hearing on Capitol Hill. https://ift.tt/F0xmgeo

Washington was assessing potential damage to a Patriot air-defense system sustained during a Russian missile assault on Kyiv, according to a U.S. official. https://ift.tt/td2HLqG

Ukraine detained its top judge over an alleged $2.7 million bribe as it seeks to show its citizens and Western backers that it can clamp down on high-level corruption. https://ift.tt/KLnBD1C

Major U.S. stock indexes declined, with the S&P 500, Dow industrials and Nasdaq losing 0.6%, 1% and 0.2%, respectively. https://ift.tt/raeouvY

Home Depot executives said spending on home improvements has cooled sharply, prompting the retailer to warn that its annual sales will decline for the first time since 2009. https://ift.tt/Fmbspcx

China’s post-Covid growth spurt is sputtering and its youth unemployment rate hit a record, signaling trouble for a recovery that was expected to boost the global economy. https://ift.tt/APfoIa9

Consumers in the U.S. boosted their retail spending in April for the first time in months, a sign of continued resilience despite high inflation and rising interest rates. https://ift.tt/0YXHMNI

The FTC said it is seeking to block Amgen’s $27.8 billion acquisition of Horizon Therapeutics, in a rare effort by antitrust enforcers to prevent a merger of pharmaceutical companies. https://ift.tt/ymB7d18

Australian Wages Grew at Fastest Pace in Over 10 Years https://ift.tt/JKyGaLD

Growth in China’s Home Prices Slowed in April https://ift.tt/ZvNcR0i