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...
Data centers, outdated grids, and rising demand push prices up
Electricity prices are outpacing overall inflation in the U.S., with households paying 4.5% more for...
$4B expansion targets underserved towns ahead of Prime Day
Amazon announced Tuesday that it will bring same- and next-day delivery services to more than 4,000...
Dow jumps nearly 375 points while oil tumbles 7%
U.S. stocks climbed Monday as investors welcomed Iran’s restrained response to American airstrikes over the weekend....
Investors focus on falling bookings and growth concerns
Shares of Accenture (NYSE: ACN) slid 6.8% to close at $285.49 on Thursday after the company reported...