With a view to avoiding a U.S. government ban for TikTok, its Chinese owner ByteDance Ltd. signed binding agreements, backed by President Donald Trump, with three managing investors to form a joint venture to operate the U.S. operations of the video-sharing app, media reported citing a memo. With the deal, the social video platform, which is used regularly by more than 170 million Americans...
Professional services company Accenture plc (ACN) reported Thursday weak profit in its first quarter, while adjusted earnings and top line beat market estimates. Further, the firm issued second-quarter revenue view, and trimmed fiscal 2026 earnings view on a reported basis. However, the firm maintained annual forecast for adjusted earnings and revenue growth.
A report released by the Commerce Department on Tuesday showed the U.S. economy grew by much more than expected in the third quarter of 2025. The Commerce Department said real gross domestic product spiked by 4.3 percent in the third quarter after surging by 3.8 percent in the second quarter. Economists had expected GDP to jump by 3.3 percent.
Consumer confidence in the U.S. deteriorated for the fifth consecutive month in December, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index slid to 89.1 in December from an upwardly revised 92.9 in November.
A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased by slightly more than expected in the month of November. The Fed said industrial production rose by 0.2 percent in November after edging down by 0.1 percent in October. Economists had expected industrial production to inch up by 0.1 percent.
The European Commission has disbursed 2.3 billion euros to Ukraine to support the country's finances and public administration, as it continues to fight Russia's invasion. This is the sixth regular payment under the Ukraine Facility, the European Union's key instrument for supporting Ukraine's recovery,...
The UK has committed to provide 600 million pounds worth of air-defense capabilities, including cutting edge turrets that can shoot down Russian drones to support Ukraine through the winter. The air defense package for Ukraine comes as Russia's aerial strikes plunges homes, hospitals, and power stations into darkness. The announcement came as UK Defense Secretary John Healey and his German coun
The Justice Department has sued the District of Columbia, alleging that the District government and its Metropolitan Police Department unconstitutionally banned semi-automatic firearms. The District of Columbia's gun laws require anyone seeking to own a gun to register it with D.C. Metro Police. However, the D.C. Code provides a broad registration ban on numerous firearms, including the AR-15 and
Despite a report showing an increase in crude inventories last week, oil prices climbed to a two-week high Wednesday morning amid escalating geopolitical tensions.
After showing a lack of direction early in the session, stocks moved mostly higher over the course of the trading day on Tuesday. The major averages added to the gains posted over the past few sessions, with the S&P 500 reaching a new record closing high. The S&P 500 and the Nasdaq ended the day just off their highs of the session.
European stocks closed higher on Tuesday with some of the markets hitting fresh highs, amid continued optimism the Federal Reserve will consider more rate cuts next year. The volume of business was thin in most the markets as traders remained on the sidelines ahead of upcoming Christmas holidays.
UK inflation slowed more than expected in November, strengthening the call for an interest rate reduction this week, official data revealed on Wednesday. The consumer price index rose 3.2 percent year-on-year, slower than the 3.6 percent increase in October, the Office for National Statistics said. Inflation was forecast to ease marginally to 3.5 percent.
Following the mixed performance seen in the previous session, stocks may move to the upside in early trading on Wednesday. The major index futures are currently pointing to a modestly higher open for the markets, with the S&P 500 futures up by 0.2 percent. Energy stocks may help lead an early upward...
After moving to the upside early in the session, stocks have come under pressure over the course of the trading day on Wednesday. The major averages have pulled back well off their highs of the session and into negative territory. Currently, the major averages are just off their lows of the session.
For adults who have recovered from depression with the help of antidepressants, slowly reducing the medication while receiving psychological support can work just as well as staying on antidepressants to prevent a relapse, according to a large review published in The Lancet Psychiatry. "Depression...
Repare Therapeutics Inc. (RPTX) on Wednesday said it has agreed Gilead Sciences, Inc. to acquire its polymerase theta (Pol?) ATPase inhibitor, RP-3467 for up to $30 million. Following the announcement, the company's shares rose more than 20% in pre-market trading.
December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.
Sentiment in global markets remains diverse as markets digest the cooling in U.S.CPI, the widely expected rate hike by Bank of Japan, as well as rising prospects of a Russia-Ukraine peace deal.
President Donald Trump has announced plans to build a new class of heavily armed amphibious naval battleships named after himself, as part of a new "golden fleet" of advanced warships. "As commander in chief, it's my great honor to announce that I have approved a plan for the Navy to begin the construction of two brand-new, very large — largest we've ever built — battleships," Trump announced fro
As we enter the final month of the year, it is a good time to review the biotech and pharmaceutical companies with drug candidates pending FDA decisions and see what's ahead on the regulatory front this December.
Reflecting a steep drop in orders for transportation equipment, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of October. The report said durable goods orders tumbled by 2.2 percent in October after climbing by an upwardly revised 0.7 percent in September.
Europe's new car registrations increased for the fifth straight month in November, driven by robust growth in battery electric cars sales, data from the European Automobile Manufacturers' Association, or ACEA, showed Tuesday. Car registrations grew 2.1 percent year-on-year in November but slower that the 5.8 percent rise seen in October.
Import prices from Germany and revised GDP data from Spain are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to issue Germany's import price data. Economists expect import prices to grow 0.2 percent month-on-month in November, the same rate as in October. In the meantime, producer price figures are due from Sweden.
Policymakers of the Reserve Bank of Australia discussed scenarios in which policy tightening may need to be considered, the minutes of the meeting held on December 8 and 9 showed Tuesday. Members became less confident that monetary policy remains restrictive, the minutes showed. Policymakers assessed that inflationary pressures could be a little more persistent than had been previously estimated
The World Health Organization has warned that amid an early start to the Northern Hemisphere influenza season, a new variant of the virus is rapidly gaining ground. Influenza and other respiratory viruses are surging, Dr Wenqing Zhang, Unit Head for Global Respiratory Threats at the Department of...
A new EU-funded report confirms that urgent bloc-level action is needed to tackle cardiovascular diseases, which is the European Union's number one killer. The 'State of Cardiovascular Health in the EU' report reveals that cardiovascular diseases are the leading cause of death and disability in the EU, accounting for one-third of all annual deaths and affecting over 60 million people. These fi
New analysis from the World Health Organization's global expert committee on vaccine safety has found that, based on available evidence, there is no link between vaccines and autism spectrum disorders, or ASD. The conclusion reaffirms WHO's position that childhood vaccines do not cause autism. The...
The European Commission and the World Health Organization have signed a 3.5 million EURO agreement under the EU4Health program to strengthen the global response to antimicrobial resistance. This partnership will support the WHO in monitoring the development of antimicrobials and medical countermeasures,...
Alphabet, parent company to Google has agreed to acquire Intersect, a data center and energy developer, for $4.75 billion in an all-cash deal as it accelerates efforts to expand infrastructure needed for artificial intelligence.
Meaicezli Play Purse Sets have been recalled due to serious safety concerns involving accessible button cell and coin batteries, according to a recall notice issued on December 18, 2025.
JOKOSIS has announced a recall of its Bed Rail, model HC0262, urging consumers to stop using the product immediately.
A court in Paris has denied the French government's request to temporarily shut down Shein's website after allegations surfaced that the fast-fashion retailer sold childlike sex dolls.