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...
Immigration Reductions and Labor Market Uncertainty
Seismic shifts in immigration are distorting the U.S. employment picture, making it harder for investors and policymakers to fully...
Overview of China's Economic Slowdown
In May, China experienced a slowdown in export growth, hitting a three-month low, as the impact of U.S. tariffs continued...