National Business

NEW YORK — Stocks fell again on Wall Street, posting their third loss in a row as traders worry that high interest rates are here to stay for a while. The S&P 500 fell 1.1% Tuesday, bringing its loss in the past three days to 5.1%.

Tesla CEO Elon Musk and Twitter lobbed more accusations at each other Tuesday over revelations by a Twitter whistleblower, who has taken center stage in Musk’s effort to back out of an agreement to buy the social media platform for $44 billion.

BERLIN (AP) — Germany is well-prepared to tackle a possible energy shortage due to Russia's squeeze on European gas supplies , Chancellor Olaf Scholz declared Tuesday, even as fears grow about the rising prices that will hit consumers across the cont

PORTLAND, Maine (AP) — Maine's highest court on Tuesday breathed new life into a $1 billion transmission line that aims to serve as conduit for Canadian hydropower, ruling that a statewide vote rebuking the project was unconstitutional.

NEW YORK (AP) — Best Buy posted lower fiscal second-quarter profits and sales as the nation's largest consumer electronics chain struggled with weakening consumer demand for gadgets and high costs that rippled through its supply chain.

TORONTO — Michele Romanow's e-commerce investing company Clearco has laid off 60 employees as it hands off its international business, a month after cutting 25 per cent of its workforce.

TORONTO — BMO Financial Group wrapped the Big Six earnings season with a drop in earnings as a pullback in capital markets more than offset gains from loan growth and improved returns on interest income. The bank reported earnings of $1.

FREDERICTON — New Brunswick is projecting a surplus of $135.5 million for the 2022-23 fiscal year, a rise of $100 million compared to the government's estimate in the spring budget.

TORONTO — As Bell Media undergoes an independent workplace review after the dismissal of Lisa LaFlamme as CTV National News' chief anchor, one corporate governance expert cautions the move doesn't guarantee change.

WASHINGTON (AP) — The number of open jobs in the United States rose in July after three months of declines, a sign that employers are still urgently seeking workers despite slowing economic growth and high inflation.