The Philadelphia Fed said Thursday its gauge of regional business activity fell to 4.5 in May from 15.5 in the prior month.

Nir Bar Dea, chief executive officer at Bridgewater Associates, says his firm gets lots of market calls wrong, and investors need to acknowledge that they will be wrong a lot, too.

The cost of imported goods rose in April for the fourth month in a row and increased at the fastest pace in two years, reflecting the persistence of elevated U.S. inflation.

The race to develop powerful new weight-loss drugs grew even more heated on Thursday as Roche Holding released early-stage trial results for an experimental obesity treatment.

Construction on new U.S. homes rose 5.7% in April, the Commerce Department said Thursday.

Athletic-apparel company Under Armour said it would fall short of analyst estimates for its fiscal 2025 profit amid a “challenging” retail environment.