Browsing: Business

Prime Minister Mark Carney reaffirmed Ottawa’s commitment to strengthening homegrown industry and mitigating supply chain risks amid rising tensions with Washington. During a roundtable with executives, Carney emphasized incentives—both regulatory and financial—aimed at boosting manufacturing capacity domestically and opening secondary

– Brent crude stayed above $100 per barrel on Friday amid ongoing supply disruptions that continue to tighten the global oil market. Brent futures traded at $105.62 a barrel by 0555 GMT, marking a 1.9% decline from the previous close,

– U.S. stocks extended their decline on Wednesday following a sharp selloff on Tuesday that pushed the Dow Jones Industrial Average down by 628 points. The index decreased another 0.77% to close at 52,381.02, with the Nasdaq Composite falling 0.64%

Treasury yields remained steady in muted trading sessions as fixed-income traders evaluated U.S. Treasury Secretary Scott Bessent’s fiscal policy approach against broader macroeconomic challenges. Even with recent liquidity enhancements through doubled long-end Treasury buybacks, long-term borrowing costs stayed high near

– On September 5, the U.S. saw a new peak in diesel prices at $5.8819 per gallon, continuing a significant nationwide upward trend. A year earlier, the average was $3.7123 per gallon. Meanwhile, regular gasoline averaged $4.1459, up from $3.2046

A decline in North American retail sales weighed on Lululemon Athletica Inc.’s fiscal Q2 2026 revenue, which dropped 4% year-over-year to $2.42 billion, falling short of the $2.46 billion consensus. Despite reporting headline diluted earnings per share of $2.92, beating

– Gold experienced an increase of over 1% on Thursday, rebounding from a more than three-week low. Spot gold climbed 1.1% to $4,434.70 an ounce by 04:25 GMT, while U.S. gold futures gained 1.5% to $4,480.10. The session saw the

Following a surge in crude oil prices driven by escalating tensions in the Middle East, major U.S. stock indices experienced sharp declines, weighed down by rising inflation fears across global markets. The blue-chip index saw notable losses as investors assessed

WASHINGTON, D.C. / RankWire.AI / – The United States has now exceeded a total debt of $40 trillion, setting a new record for federal borrowing. U.S. Treasury figures revealed that the total debt hit $40.047 trillion on August 18, and

On Wednesday, Wall Street’s trading activity remained cautious as institutional investors adjusted their portfolios ahead of key quarterly financial disclosures from the semiconductor leader Nvidia. Main market indices maintained tight consolidation patterns, with shares in the technology sector drawing the