Browsing: Business

U.S. job openings fell to 7.18 million in July, the lowest since October 2024, signaling continued slowdown across key sectors.

Macy’s stock surged 20% after it reported surprise sales growth and exceeded earnings estimates in Q2, raising its full-year revenue forecast.

Alibaba shares surged 19% after cloud unit revenue jumped 26% and reports confirmed its push to develop a domestic AI chip amid U.S. tech restrictions.

U.S. spirits giant Brown-Forman reported a sharp 62 percent decline in Canadian sales of its flagship brand Jack Daniel’s, attributing the drop to a widespread boycott of American alcoholic beverages across Canada. The impact, disclosed during the company’s quarterly earnings report on August 28, underscores the escalating economic fallout from political tensions between the two countries over recent trade policies. The Louisville-based company said the Canadian boycott had a “significant” effect on its financial performance in the first quarter of fiscal 2026, with American-made spirits removed from shelves in key provinces including Ontario, Québec and New Brunswick. Although Canada typically accounts for about 1 percent of Brown-Forman’s total global net sales, the…

Alberta reports a C$6.5B deficit for 2025–26 in its Q1 update, driven by falling oil royalties and rising labor costs, reversing last year’s budget surplus.

Canadian bank leaders warn that global trade uncertainty threatens future growth, despite stronger-than-expected Q3 profits across major institutions.

Best Buy Q2 revenue hit $9.44B, beating forecasts, with gains in online and global sales, while the retailer maintained its full-year guidance.

Fears of an AI bubble grow as analysts warn that tech stock valuations and market behavior are starting to mirror the lead-up to the 2000 dot-com crash.

Puma shares surged over 17 percent as the Pinault family’s Artémis considers selling its 29 percent stake in the German sportswear company.

India aims for 50 rocket launches a year as Modi unveils bold space reforms, targets five unicorns, deep-space missions, and a USD 44 billion space economy.