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...
Details of the Acquisition
Prada has struck a deal worth $1.38 billion to acquire smaller rival Versace from Capri Holdings. This move unites two prominent...
Financial experts are warning that increased tariffs on China could result in higher prices for U.S. consumers, as a wide range of products imported...
Trade War Intensifies: China Hits U.S. with 50% Tariff Increase
In a dramatic turn of events, China imposed an additional 50% tariff on imports from...
JPMorgan CEO Jamie Dimon has issued a blunt warning about President Donald Trump’s tariff policy: It threatens to raise prices, drive the global economy...
Asia-Pacific Faces Massive Losses Amid Trade War Fears
Markets across the Asia-Pacific region continued their sharp decline on Monday, driven by heightened concerns over a...
Extension Gives ByteDance More Time to Secure Deal
President Donald Trump announced on Friday that he has extended the deadline for China-based ByteDance to sell...