Core PCE rises to 2.7% as spending and income decline
U.S. inflation remained subdued in May, with the personal consumption expenditures (PCE) price index—the Federal Reserve’s preferred gauge—rising just 0.1%...
Sneaker giant forecasts mid-single digit sales drop, cuts China reliance
Nike shares soared 15.2% on Friday after the company projected that profit and revenue declines will moderate in the current...
New initiative cuts drug review time to as little as 30 days
The U.S. Food and Drug Administration (FDA) announced Tuesday a new fast-track initiative...
Deal Overview
German biotech firm BioNTech has announced the acquisition of its rival CureVac for approximately $1.25 billion in BioNTech shares. This move aims to...
Recently, a video surfaced on President Trump's Truth Social account claiming that Warren Buffett, the renowned investor, praised Trump's economic policies as "the best...
The Trump administration is considering severe penalties that could block China’s DeepSeek from purchasing U.S. technology, and possibly prevent Americans from accessing its services,...
China’s Move Against Boeing Amid Rising Tariffs
China has reportedly ordered its airlines to stop purchasing aircraft from Boeing, a significant escalation in the ongoing...
New Dress Code for Baristas Sparks Union Discontent
Starbucks has introduced a new dress code for its employees, effective May 12, that is causing unrest...
Impact of Tariffs on Small Business Owners
Dallas-based small business owner Allen Walton is among many entrepreneurs feeling the impact of President Trump's shifting tariff...