Browsing: Business

Dow fell nearly 250 points on Tuesday as Treasury yields surged and a U.S. court ruling over Trump-era tariffs added legal uncertainty to markets.

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.

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.

Keurig Dr Pepper will acquire JDE Peet’s for €15.7B and split into two U.S.-listed companies, reshaping beverage and coffee markets worldwide.

Wall Street rallied as Powell signaled a potential September rate cut, lifting Dow over 800 points and sending S&P 500 and Nasdaq to multi-month highs.

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