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...
Market Reaction to Trump’s Tariff Announcement
The U.S. dollar plunged to six-month lows on Thursday, weakening against major currencies like the euro, the yen, and...
Ottawa avoids food and key components to limit impact on Canadians
Canada will not impose retaliatory tariffs on essential U.S. goods such as food or...
Ueda urges G20 dialogue as Trump prepares sweeping trade measures
Bank of Japan Governor Kazuo Ueda warned Wednesday that President Donald Trump’s planned reciprocal tariffs...
Merz plans historic investment to strengthen Bundeswehr
As the Trump administration presses for a Ukraine ceasefire deal viewed by many as favoring Russia, European leaders...
Cloud AI provider valued at $19B after raising $1.5B
CoreWeave CEO Mike Intrator defended the company’s lower-than-expected IPO pricing on Friday, citing broader macroeconomic headwinds...
Rivian Automotive has launched a new start-up called Also, spinning out its electric micromobility business into an independent entity. Also aims to develop small,...