Business

The U.S. economy grew at a sluggish 1.5 per cent pace from April through June. But consumer spending stayed strong.

Ontario Premier Doug Ford is making an announcement in Vaughan Wednesday morning following a war of words with U.S. President Donald Trump earlier this week.

Meta Platforms agreed to pay a maximum US$16.68-billion as part of a settlement to resolve claims brought by U.S. states across the country.

Bill Gates is looking to meet with Chinese President Xi Jinping later this year, eager to propose global efforts to mitigate the growing risks posed by artificial intelligence.

Folgers coffee maker J.M. Smucker on Wednesday forecast a smaller-than-expected decline in annual sales, benefitting from steady demand for its ready-to-eat meals and coffee.

National Bank of Canada reported its third-quarter profit rose more than 20 per cent compared with a year ago, helped by a strong performance across its business.

Calian Group Ltd. has signed a deal to sell its U.S. commercial IT business based in Houston to Trace3, a California-based technology consultancy.

Pipeline operator Enbridge said on Wednesday it would acquire Salt Creek Midstream’s crude oil gathering business for US$600 million in cash, expanding its presence in the crude-rich Permian Basin.

Abercrombie & Fitch raised its full-year sales forecast on Wednesday, as demand for its apparel brands remained resilient despite weakness in international markets.

Nigeria’s Dangote Refinery, the largest on the continent, is expected in October to seek to raise around US$5 billion in Africa’s biggest IPO listing yet, after months of strong earnings, boosted by the disruption caused by the Iran war.

Hyundai Motor said on Wednesday it would launch or refresh more than 100 vehicles globally by 2030 and expand its U.S. hybrid lineup, as the South Korean automaker seeks to lift its operating profit margin above 9 per cent.

Kohl’s missed Wall Street estimates for second-quarter sales on Wednesday, as cautious consumer spending on discretionary items offset gains from the high-end department chain’s turnaround push, sending its shares down about 5 per cent before the bell.

Bath & Body Works BBWI.N on Wednesday raised its forecast for full-year profit and beat estimates for second-quarter results, benefiting from demand for body care products and home fragrances on digital channels.

In January, Meta CEO Mark Zuckerberg and his top lieutenants gathered for their annual leadership retreat at his Hawaii compound. There they hatched a radical plan to reimagine work at the social-media giant in the age of artificial intelligence.

Alberta’s Opposition leader says now is not the time to hold a referendum on quitting Canada as the country wages a consequential trade war with its southern neighbour.