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...
U.S. stocks closed lower on Friday, capping off a week of losses as investors reacted to President Trump’s latest tariff threats and the potential...
Foreign investors, once unable to imagine a Chinese invasion of Taiwan, are now taking steps to prepare for the increasingly plausible scenario, according to...
The Trump administration’s recent decision to limit approval for seasonal COVID-19 shots to seniors and those at high risk has raised concerns about accessibility...
A federal judge on Monday rejected Vanguard Group's $40 million settlement with investors who claimed the mutual fund giant imposed inflated tax bills in...
When the Trump administration slapped 145% tariffs on China, the shipping and logistics industries slowed to a trickle. Now they’re dealing with the opposite...