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...
The April Consumer Price Index (CPI) report revealed that new car prices were flat, surprising many who expected President Trump’s auto sector tariffs to...
CEO Andrew Witty Steps Down Amid Challenges
UnitedHealth Group has seen a tumultuous year marked by several high-profile incidents, leading to the sudden departure of...
Ukraine and its European allies are pushing for a 30-day ceasefire before starting peace talks with Russia, but Russian President Vladimir Putin has responded...
Panasonic Holdings (6752.T) said on Friday it will cut 10,000 staff and expects to book restructuring costs of 130 billion yen ($896.06 million) this...
New Pope: Robert Prevost, First American to Lead the Church
Cardinal Robert Prevost, a missionary born in Chicago, has made history by becoming the first...