Browsing: Business

Paramount and Skydance prepare a bid for Warner Bros Discovery with analyst-backed synergy potential exceeding $3 billion in major US media industry move.

Tesla shares surged after Elon Musk disclosed a $1B stock buy, his first major acquisition since 2020, adding 2.57M shares to his holdings.

US mortgage demand surged to a 3-year high as rates fell to 6.49%, driving a sharp rise in refinancing and home purchase activity, MBA data shows.

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.

U.S. job openings fell to 7.18 million in July, the lowest since October 2024, signaling continued slowdown across key sectors.

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

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…

Alberta reports a C$6.5B deficit for 2025–26 in its Q1 update, driven by falling oil royalties and rising labor costs, reversing last year’s budget surplus.