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US weekly jobless claims increase moderately, labor market remains stable
Initial claims for unemployment benefits in the U.S. rose moderately to 211,000, indicating a stable labor market amid inflation concerns.
US import prices surge in April as fuels post biggest gain in four years
U.S. import prices rose 1.9% in April, driven by a 16.3% jump in fuel costs, the largest increase in four years amid Middle East tensions.
Makary exit may temporarily lift biotech sentiment but FDA leadership vacuum looms
FDA commissioner Dr. Marty Makary's departure may boost biotech sentiment temporarily but leaves a leadership vacuum at the agency, raising industry concerns.
Warsh has big plans for the Fed, but results may take time
Kevin Warsh returns to lead the Federal Reserve with a reform agenda focused on inflation monitoring and communication amid market and political pressures.
US producer prices surprise with largest increase in four years
U.S. producer prices surged 1.4% in April, marking the largest increase in four years amid rising inflation and energy costs linked to geopolitical tensions.
Fed’s Collins says rate hikes may be needed to quell inflation
Boston Federal Reserve President Susan Collins said rate hikes may be needed if inflation pressures persist amid Middle East conflict risks.
Google in talks with SpaceX for Suncatcher orbital data center project
Google is discussing with SpaceX to launch Project Suncatcher, an orbital data center using solar-powered satellites and AI cloud technology.
FDA commissioner Makary is resigning, sources say
FDA commissioner Marty Makary plans to resign amid pressure from Republicans and White House clashes, marking a leadership change at the federal health agency.
House lawmakers press Paramount CEO on Warner Brothers acquisition
House Democrats press Paramount Skydance CEO David Ellison on potential media influence tied to Warner Brothers acquisition.
US indicts two companies, individual in 2024 collapse of Baltimore Key Bridge
The US justice department indicted two companies and an individual for the 2024 baltimore key bridge collapse that killed six workers and caused billions in damage.
Oil prices jump on latest US-Iran peace process impasse
Oil prices rose more than 3% as US-iran peace talks stall, raising supply concerns amid tensions over the strait of Hormuz and Middle East conflict.
EBay rejects GameStop’s $56B bid as ‘neither credible nor attractive’
EBay rejects GameStop's $56 billion takeover bid over financing concerns, emphasizing its own growth strategy and board confidence in management.
