News

AEO reported quarterly earnings that missed expectations, reflecting a $75 million merchandise write-down, following the company pulling its full-year guidance.

The SEC has formally dropped its lawsuit against Binance and founder Changpeng Zhao, ending one of the last crypto enforcement actions by the agency.

American and United are revamping their international business class

The personal consumption expenditures price index was expected to show a 2.2% annual rate in April.

Major beer brands like Guinness, Budweiser and Heineken have rolled out non-alcoholic alternatives over the last five years.

Tariffs on automobiles, steel and aluminum would cost households nearly $1,000 this year, on average, even if country-specific duties are blocked in court.

After a surprising earnings miss last time around, Costco delivered on Thursday night.

The “Mad Money” host said the uncertain legal fight over Trump’s tariffs could eventually deliver a positive outcome for the market.

• Priot month 2.6%
• Core PCE MoM 0.1% versus 0.1% estimate. Prior month revise to 0.1% from 0.0%
• Core PCE YoY 2.5% versus 2.5% estimate. Prior month revised up to 2.7% from 2.6%.
• PCE MoM 0.1% versus 0.1% estimate. Prior month 0.0%

This article was written by Greg Michalowski at www.forexlive.com.

The U.S. and China in mid-May agreed to a 90-day suspension on most tariffs after Trump slapped sky-high tariffs on the big U.S. trade partner.