Business

Federal Reserve headquarters in Washington, D.C. Photo: CHRIS WATTIE/REUTERS  WASHINGTON — Major banks in the United States have enough resources to hold up in a severe recession and keep lending to families and businesses, the Federal Reserve said Friday (Saturday in Manila). All 22 large banks subject to the Fed’s annual “stress …

NVIDIA insiders sold over $1 billion worth of company stock in the past year, with a notable uptick in recent trading activity as executives capitalize on surging investor interest in artificial intelligence (AI), the Financial Times reported on Sunday. More than $500 million of the share sales took place this …

Containers are stacked at the Port of Los Angeles, on April 2.Damian Dovarganes (The Associated Press) WASHINGTON, D.C. — The US economy contracted more than previously estimated in the first three months this year, according to government data released on Thursday, with consumer spending and exports weaker than expected. US …

Global demand for matcha tea, with its vivid green colour and earthy taste, has gone supernova since the fall. But the popularity has led to a global shortage that is putting pressure on Japan’s tea industry to ramp up production of the scarce commodity. Global shortages mean price hikes will …

CHINESE artificial intelligence (AI) startup DeepSeek has not yet determined the timing of the release of its R2 model as CEO Liang Wenfeng is not satisfied with its performance. The Information reported on Thursday, citing two people with knowledge of the situation. R2, a successor to DeepSeek’s wildly popular R1 …

French sporting goods retailer Decathlon says it is closing its five Greater Toronto Area stores this summer.  Retailer did not offer reason for the move or say how many staff will lose their jobs. French sporting goods retailer Decathlon says it is closing its five Greater Toronto Area stores this …

The Detroit automaker is calling the majority of its salaried workforce back to the office four days a week, the automaker’s latest effort to boost employee and company performance. Policy starts Sept. 1, affects global salaried staff. Ford Motor Company is calling the majority of its salaried workforce back to …

Nike says it is implementing a ‘surgical’ price increase in the United States to defray tariff costs (GREG BAKER) NEW YORK — Nike reported sharply lower quarterly profits on Thursday, but signaled it was past the worst stage of a corporate retooling as it implements “surgical” US price increases to …

NEW YORK, United States — The dollar hit a three-year low on Thursday as President Donald Trump eyed candidates to succeed Federal Reserve boss Jerome Powell, fueling bets of cuts to US interest rates. But Wall Street rose handsomely, lifting the S&P 500 to near a closing record, following solid …

Canada’s biggest crude oil shipper says a lot needs to happen before it would propose a new pipeline to the West Coast.  Alberta premier says province in discussions with companies, ‘pretty close’ to a plan. Alberta Premier Danielle Smith has expressed confidence one or more private-sector pipeline operators will come …