Browsing: Business

U.S. officials detained 475 workers at Hyundai’s Georgia battery plant, pausing construction and prompting South Korea to arrange repatriation flights.

88 postal operators suspended US-bound mail after the US revoked the de minimis exemption, triggering an 81% drop in global postal traffic.

Gold could reach $5000 if Federal Reserve independence is undermined, Goldman Sachs warns amid soaring demand and global uncertainty.

American Eagle shares soared 25% after Sydney Sweeney’s campaign helped the brand exceed Q2 expectations and drive early fall retail momentum.

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

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.

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.