Browsing: Business

John Deere faces $600M in tariff costs and falling demand, prompting layoffs and a lower profit forecast as farm equipment sales continue to decline.

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

India, Russia, China and others forge stronger partnerships after Trump’s tariff moves, accelerating a realignment in global trade leadership.

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…

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.

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.

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.