International Business - The Globe and Mail

U.S. retail sales post biggest drop in more than a year in July

Retail sales unexpectedly dropped 0.6% last month

NEW YORK, NEW YORK - JULY 15: People shop at a Manhattan retail store on July 15, 2025 in New York City. As the impacts of Donald Trump’s tariffs slowly begin to show in US prices, annual inflation rose to 2.7% in June, up from 2.4% in May, according to the Consumer Price Index (CPI). (Photo by Spencer Platt/Getty Images)

NEW YORK, NEW YORK - JULY 15: People shop at a Manhattan retail store on July 15, 2025 in New York City. As the impacts of Donald Trump’s tariffs slowly begin to show in US prices, annual inflation rose to 2.7% in June, up from 2.4% in May, according to the Consumer Price Index (CPI). (Photo by Spencer Platt/Getty Images)

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NEW YORK, NEW YORK - JULY 15: People shop at a Manhattan retail store on July 15, 2025 in New York City. As the impacts of Donald Trump’s tariffs slowly begin to show in US prices, annual inflation rose to 2.7% in June, up from 2.4% in May, according to the Consumer Price Index (CPI). (Photo by Spencer Platt/Getty Images)

NEW YORK, NEW YORK - JULY 15: People shop at a Manhattan retail store on July 15, 2025 in New York City. As the impacts of Donald Trump’s tariffs slowly begin to show in US prices, annual inflation rose to 2.7% in June, up from 2.4% in May, according to the Consumer Price Index (CPI). (Photo by Spencer Platt/Getty Images)

U.S. retail sales post biggest drop in more than a year in July

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Signage for Saputo is seen at a facility in Montreal, on Tuesday, Nov. 4, 2025. THE CANADIAN PRESS/Christopher Katsarov

Signage for Saputo is seen at a facility in Montreal, on Tuesday, Nov. 4, 2025. THE CANADIAN PRESS/Christopher Katsarov

Saputo to sell U.K. operations to Lactalis for around $1.86-billion

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DETROIT, MI - NOVEMBER 17: A general view of GMC Hummer EVs is pictured on November 17, 2021 at General Motors' Factory ZERO electric vehicle assembly plant in Detroit, Michigan. U.S. President Joe Biden is set to remarks on how the Bipartisan Infrastructure Law creates a future made in America, builds electric vehicle charging stations across the country to make it easier to drive an electric vehicle, reduces emissions to fight the climate crisis, and creates good-paying, union jobs across the country. (Photo by Nic Antaya/Getty Images)

DETROIT, MI - NOVEMBER 17: A general view of GMC Hummer EVs is pictured on November 17, 2021 at General Motors' Factory ZERO electric vehicle assembly plant in Detroit, Michigan. U.S. President Joe Biden is set to remarks on how the Bipartisan Infrastructure Law creates a future made in America, builds electric vehicle charging stations across the country to make it easier to drive an electric vehicle, reduces emissions to fight the climate crisis, and creates good-paying, union jobs across the country. (Photo by Nic Antaya/Getty Images)

Detroit automakers warn revisions to North American free-trade deal could cost them billions

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U.S. President Donald Trump answers questions from the media after signing an executive order establishing the President's Military Spouse Commission to be chaired by Jennifer Rauchet, wife of Secretary of Defense Pete Hegseth, in the Oval Office at the White House in Washington, D.C., U.S., August 3, 2026. REUTERS/Evelyn Hockstein

U.S. President Donald Trump answers questions from the media after signing an executive order establishing the President's Military Spouse Commission to be chaired by Jennifer Rauchet, wife of Secretary of Defense Pete Hegseth, in the Oval Office at the White House in Washington, D.C., U.S., August 3, 2026. REUTERS/Evelyn Hockstein

Trump Media sued over paid service offering early access to President’s Truth Social posts

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Yesterday

FILE PHOTO: Federal Reserve Bank of Cleveland President Beth Hammack speaks during an interview with Reuters in New York City, U.S., April 24, 2025. REUTERS/Mike Segar/File Photo

FILE PHOTO: Federal Reserve Bank of Cleveland President Beth Hammack speaks during an interview with Reuters in New York City, U.S., April 24, 2025. REUTERS/Mike Segar/File Photo

Cleveland Fed’s Beth Hammack calls for immediate rate hikes to bring U.S. inflation back to target

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FILE PHOTO: Norway wealth fund CEO Nicolai Tangen presents the results for 2022, at a news conference in Oslo, Norway January 31, 2023. NTB/Heiko Junge via REUTERS/File Photo

FILE PHOTO: Norway wealth fund CEO Nicolai Tangen presents the results for 2022, at a news conference in Oslo, Norway January 31, 2023. NTB/Heiko Junge via REUTERS/File Photo

Norway’s wealth fund warns of erosion of shareholder rights as exchanges compete for listings

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FILE - In this Feb. 26, 2019, file photo, Jeep vehicles are parked outside the Jefferson North Assembly Plant in Detroit. (AP Photo/Carlos Osorio, File)

FILE - In this Feb. 26, 2019, file photo, Jeep vehicles are parked outside the Jefferson North Assembly Plant in Detroit. (AP Photo/Carlos Osorio, File)

U.S. wholesale price inflation slows to 4.7% in July as gas, food costs fall

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August 12, 2026

Cisco forecasts annual revenue above Wall Street expectations

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August 12, 2026

Meta CEO Mark Zuckerberg speaks during the company's Connect developer conference in 2025, in Menlo Park, Calif.

Meta CEO Mark Zuckerberg speaks during the company's Connect developer conference in 2025, in Menlo Park, Calif.

Meta to face 29 states in landmark youth social media trial

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August 12, 2026

A cargo ship navigates on the Rhine River alongside sandbanks during low water levels caused by a heat wave and a prolonged drought in Duisburg, Germany, Tuesday, Aug. 11, 2026. (AP Photo/Martin Meissner)

A cargo ship navigates on the Rhine River alongside sandbanks during low water levels caused by a heat wave and a prolonged drought in Duisburg, Germany, Tuesday, Aug. 11, 2026. (AP Photo/Martin Meissner)

German companies warn of growing disruption as Rhine water levels fall to new lows

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August 11, 2026

Companies like Kalshi allow traders and gamblers to bet on a wide array of events, ranging from the results of sports matches to elections.

Companies like Kalshi allow traders and gamblers to bet on a wide array of events, ranging from the results of sports matches to elections.

FlightAware sues Kalshi over use of flight data in prediction markets

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August 11, 2026

Intel's CEO Lip-Bu Tan speaks at the company's Annual Manufacturing Technology Conference in San Jose, California, last year.

Intel's CEO Lip-Bu Tan speaks at the company's Annual Manufacturing Technology Conference in San Jose, California, last year.

Intel raises $20-billion from upsized share offering as it funds chipmaking expansion

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August 10, 2026

NVIDIA CEO Jensen Huang walks to the office of U.S. Senator Adam Schiff (D-CA) while meeting with lawmakers on Capitol Hill, Washington, D.C., U.S., July 28, 2026. REUTERS/Nathan Howard

NVIDIA CEO Jensen Huang walks to the office of U.S. Senator Adam Schiff (D-CA) while meeting with lawmakers on Capitol Hill, Washington, D.C., U.S., July 28, 2026. REUTERS/Nathan Howard

Nvidia, Wall Street giants partner to raise $500-billion for AI infrastructure

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August 7, 2026

Prime Minister Mark Carney, right, and Canada-U.S. Trade Minister Dominic LeBlanc meet with Canada's premiers in Charlottetown on Thursday July 23, 2026.

Prime Minister Mark Carney, right, and Canada-U.S. Trade Minister Dominic LeBlanc meet with Canada's premiers in Charlottetown on Thursday July 23, 2026.

Ottawa discussing trade concessions with U.S. in return for some tariff relief, sources say

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August 6, 2026

FILE PHOTO: A sign for Diageo, one of the largest spirits companies in the world, hangs in London, Britain, January 30, 2026. REUTERS/Hiba Kola/File Photo

FILE PHOTO: A sign for Diageo, one of the largest spirits companies in the world, hangs in London, Britain, January 30, 2026. REUTERS/Hiba Kola/File Photo

Diageo CEO plans $1-billion in cost cuts as he confronts weak growth

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August 6, 2026

FILE PHOTO: Vessels in the Strait of Hormuz, as seen from Musandam, Oman, August 3, 2026. REUTERS/Stringer/File Photo

FILE PHOTO: Vessels in the Strait of Hormuz, as seen from Musandam, Oman, August 3, 2026. REUTERS/Stringer/File Photo

Iran, Oman in final stage of drafting agreement to open Strait of Hormuz, Tehran says

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August 6, 2026

(FILES) Two Easyjet aircrafts are seen at Geneva Airport on June 11, 2026. Britain's no-frills airline EasyJet confirmed on August 6, 2026 a £5.7-billion (7.7-billion USD) takeover by US private equity firm Apollo after a rival US firm pulled out of the bidding. (Photo by Fabrice COFFRINI / AFP via Getty Images)

(FILES) Two Easyjet aircrafts are seen at Geneva Airport on June 11, 2026. Britain's no-frills airline EasyJet confirmed on August 6, 2026 a £5.7-billion (7.7-billion USD) takeover by US private equity firm Apollo after a rival US firm pulled out of the bidding. (Photo by Fabrice COFFRINI / AFP via Getty Images)

EasyJet agrees to Apollo takeover after rival Castlelake ends bid

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August 6, 2026

President Donald Trump speaks about Dulles International Airport modernization, in the Oval Office of the White House, Wednesday, July 29, 2026, in Washington. (AP Photo/Julia Demaree Nikhinson)

President Donald Trump speaks about Dulles International Airport modernization, in the Oval Office of the White House, Wednesday, July 29, 2026, in Washington. (AP Photo/Julia Demaree Nikhinson)

Trump administration refunds $100-billion in struck-down tariffs

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August 6, 2026

Alphabet seeking up to $25-billion in fresh debt to finance AI build-out

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August 6, 2026

Signage is seen on Manulife Financial Corp.'s office tower in Toronto, Tuesday, Feb. 11, 2020. THE CANADIAN PRESS/Cole Burston

Signage is seen on Manulife Financial Corp.'s office tower in Toronto, Tuesday, Feb. 11, 2020. THE CANADIAN PRESS/Cole Burston

Manulife posts higher profit, strikes $3.2-billion reinsurance deal with Munich Re

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