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 U.S. trade deficit soared to a record-breaking $140.5 billion in March, marking a dramatic 92.6% increase year-to-date. This surge comes as businesses and...
The ongoing tariff situation and its potential escalation have raised concerns about the impact on grocery prices in the United States. While the country...
Shares Plunge Amid Concerns Over Cash App and Competition
Block’s (XYZ.N) stock plunged 22% on Friday, marking the largest intraday decline in five years. The...
Magnificent Thursday for Big Tech Stocks
Big tech stocks are having a spectacular Thursday, with shares of the Magnificent Seven — Meta Platforms (META), Microsoft...
Big European lenders are sticking to ambitious performance targets following strong first-quarter profits, but they are increasingly concerned about the impact of global trade...