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...
Stocks mixed as investors weigh Fed outlook and geopolitics
U.S. markets ended mixed on Wednesday as the Federal Reserve held interest rates steady and investors...
Proposal to reduce tariffs and boost U.S. trade to be submitted Friday
Thailand held critical trade discussions with the United States on Wednesday, aiming to...
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...
Consumer spending drops despite improved sentiment
Consumer spending declined sharply in May, according to new Commerce Department data released Tuesday. Retail sales fell 0.9% month-over-month,...
Cybertruck and Model Y output paused for maintenance amid safety protests
Tesla stock dropped 4% on Tuesday following reports that the company plans to halt...