Browsing: Business

Semiconductor companies face U.S. tariffs unless they shift production to American soil, Trump announced at a tech executive dinner.

Billionaire investor Ray Dalio warns of growing instability in the US, citing fiscal irresponsibility, political division, and loss of institutional trust.

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

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…

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

Amtrak begins rolling out its $2.4 billion fleet of new Acela trains, designed to deliver higher speed and better comfort on the heavily used Northeast Corridor.

Bitcoin tumbled under $110000 alongside Ethereum losses and ETF redemptions, signaling a shift in investor behavior toward lower-risk assets.

US and EU sealed a landmark trade framework removing tariffs, securing energy deals worth 750 billion dollars, and expanding defense procurement.

CVS Caremark has been ordered to pay $289.9 million in penalties after a federal court found it overbilled Medicare by submitting inaccurate drug cost data.

Solar energy is set to drive more than 50% of US power capacity growth in 2025 as Texas leads the nation in solar and battery storage expansion.