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Dell shares soar 33% as AI server demand, price hikes power stellar quarter

Dell’s shares surged 33 per cent on Friday as the PC maker’s blockbuster results showed that its growing focus on AI servers was helping it capitalize on the data center boom, making the company one of the biggest beneficiaries of the new technology.

Gap, American Eagle fall as weak apparel demand signals constrained consumer spending

Shares of apparel makers Gap and American Eagle Outfitters dropped 15 per cent and 10 per cent, respectively, in premarket trade on Friday after weak annual forecasts, as consumers curb discretionary spending amid a tough macroeconomic climate.

Laurentian reports loss as it works to complete deal with Fairstone and National Bank

Laurentian Bank of Canada reported a loss of $20.6 million in its latest quarter as it worked to complete its deal to be split in two and sold in a pivot to become a specialty commercial bank.

Fire risk prompts Hyundai hybrid vehicle recall

Hyundai is recalling more than 6,000 hybrid vehicles in Canada because a power control unit could overheat and increase the risk of fire. A separate U.S. recall affects more than 54,000 vehicles.

Caesars Entertainment, a Las Vegas Strip icon, is sold for US$6 billion

Caesars Entertainment is being acquired for almost US$6 billion by Fertitta, the company that owns Las Vegas’ Golden Nugget and chains like Rainforest Cafe and Morton’s.

Tesla threatens legal action over Manitoba's end to EV rebate for company vehicles

The Manitoba government says it is facing potential legal action over its decision to halt rebates for the electric vehicles produced by automaker Tesla.

Big Six banks see reasons for optimism while navigating ‘period of volatility’

Canada’s major banks say they’re cautiously optimistic after earnings beat expectations, with executives confident to handle potential risks in the economy.

California sues 23andMe over 2023 data breach

The genetics testing company 23andMe was sued on Thursday by California Attorney General Rob Bonta, over a 2023 data breach that exposed genetic and other personal information of an estimated 6.9 million U.S. customers.

Kohl’s signals sales trend improvements, shares jump 15 per cent

U.S. department store chain Kohl’s KSS.N stuck to its annual targets after posting a smaller-than-expected first-quarter loss on Thursday, signaling that turnaround efforts under new CEO Michael Bender have started to pay off.

Apotex Health files preliminary prospectus for initial public offering of shares

Apotex Health Corp. says it has filed a preliminary prospectus for an initial public offering that will see the Canadian generic drug company join the public market.

BRP profits sag as tariffs take their toll, but sales jump with demand undeterred

Executives at BRP Inc. on Thursday projected revved-up sales for the year, despite U.S. tariff revisions that are expected to dent its profit margins.

Tyson Foods taps former P&G executive to succeed veteran King as CEO

Tyson Foods on Thursday named former Procter & Gamble executive Jeff Schomburger as its new CEO, set to replace Donnie King in the role from October.

Dollar Tree raises annual profit forecast on steady demand, shares jump

Dollar Tree raised its annual profit forecast on Thursday, buoyed by resilient demand for affordable essentials from budget‑conscious shoppers and its efforts to offset higher costs, sending its shares up about 12 per cent in premarket trading.

Best Buy forecasts upbeat quarterly sales on steady gadgets demand; shares up

Best Buy on Thursday forecast second-quarter sales above Wall Street estimates after beating quarterly expectations on steady smartphone and gaming console demand as well as growth in its ads and marketplace channels.

Hormel Foods tops quarterly estimates on strong demand for protein-rich foods

Skippy peanut butter maker Hormel Foods beat second-quarter sales and profit estimates on Thursday, helped by strong demand for its chicken and turkey products.