Factories, Wholesalers in Canada Saw June Gains Despite Tariffs
Manufacturing sales grew 0.3% in June, after four straight monthly declines, while wholesale receipts jumped 0.7%, Statistics Canada data showed Friday. The increases were in line with the median projections in a Bloomberg survey of economists.
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18 minutes ago
- Yahoo
Why Bloom Energy Rallied This Week
Key Points In an interview, Bloom Energy's CEO said there were deals with hyperscalers in the works. Bloom had already inked a milestone deal with Oracle back in July. A better-than-expected inflation print may also be helping. 10 stocks we like better than Bloom Energy › Shares of Bloom Energy (NYSE: BE) rallied this week, appreciating 27% as of 2:15 p.m. ET Friday, according to data from S&P Global Market Intelligence. There weren't any financial disclosures for Bloom this week, but CEO KR Sridhar did hold an interview with Bloomberg on Wednesday, during which he made very bullish comments on Bloom's future and the future of AI data centers. More hyperscaler deals in the pipeline? Bloom Energy's stock got a big lift in July, after fuel cells remained eligible for tax credits in the "One Big, Beautiful Bill" and the company inked a direct deal with Oracle to power its artificial intelligence (AI) data centers. Traditionally, Bloom Energy had made deals with data center real estate companies, power providers, and utilities. However, the Oracle deal may be paving the way for more direct deals with other cloud AI companies. Bloom's energy servers are based on fuel cells that can convert natural gas to electricity without combustion, making them a cleaner alternative than other forms of natural gas-based power. So, it's no surprise that with demand for electricity skyrocketing due to the AI data center buildout, Bloom is seeing renewed interest. Speaking with Bloomberg on Wednesday, Sridhar said, "You have seen the announcement with Oracle -- expect to see similar things coming soon." Apparently, hinting at more deals with cloud companies was enough to move the stock significantly higher. In addition to the Bloomberg interview, Bloom may also have benefited from the lower-than-expected inflation reading that came out on Tuesday. Following a lower-than-expected Consumer Price Index (CPI) report, economists have greatly increased their odds of a cut to the federal funds rate in September. Usually, interest rates are good for high-growth stocks trading at high multiples, so this could have helped this week's rally as well. Bloom Energy's rally has made the stock expensive Bloom currently trades around 6.5 times sales and 82 times this year's earnings estimates, so it's definitely not a cheap stock, especially for a company that basically sells hardware units. Nevertheless, the company currently finds itself in a fortuitous position amid the AI data center buildout. The question is whether the opportunity is as significant as the stock price suggests. Should you buy stock in Bloom Energy right now? Before you buy stock in Bloom Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bloom Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $663,630!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,695!* Now, it's worth noting Stock Advisor's total average return is 1,071% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Oracle. The Motley Fool has a disclosure policy. Why Bloom Energy Rallied This Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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26 minutes ago
- Yahoo
Ottawa orders binding arbitration in Air Canada-union dispute to end flight attendants' strike
The federal government is intervening in the labour dispute between Air Canada and the union representing its flight attendants, just hours after they went on strike. Jobs Minister Patty Hajdu said early Saturday afternoon that she has invoked Section 107 of the Canada Labour Code to order binding arbitration between the airline and its union and has ordered operations to resume — although it's not immediately clear when the 10,000 flight attendants will return to work. "As minister of labour, I have exercised my authorities under [the labour code] to direct the Canada Industrial Relations Board to order the parties to resume and continue their operations and duties," she told a news conference. "These parties have had months at the negotiation table. They've had support through the federal mediation service and they have been unable to cross the finish line," Hajdu said. "Arbitration is the most stable way to conclude this process for Canadians, while allowing parties to reach a deal." Ottawa's involvement came after the union representing Air Canada's flight attendants said no talks were scheduled with the airline as of Saturday morning. In a statement posted to social media platform X, the Air Canada component of the Canadian Union of Public Employees (CUPE) said Hajdu is "crushing flight attendants' Charter rights" by forcing arbitration. Wesley Lesosky, president of CUPE's Air Canada component, said this action leaves the union at the bargaining table with an "obstinate employer" and that Hajdu has given Air Canada exactly what it wants — "hours and hours of unpaid labour from underpaid flight attendants." CBC News has reached out to Air Canada for comment and will update this story with any response. Binding arbitration Air Canada previously asked Hajdu to intervene by ordering the parties to enter a binding arbitration process through Section 107. On Friday, Hajdu urged Air Canada and the union to get back to the negotiating table, suggesting she was not ready to intervene. The minister said CUPE had indicated many of its demands have been met, suggesting there was a path forward to a deal. The union and airline met late Friday night before the flight attendants walked off the job at 12:58 a.m. ET, Lesosky told a morning news conference. He said their last meeting was Friday night, but Air Canada offered "nothing of substance" to bring back to members. Asked when Canadians could expect to be back on flights, Lesosky said it's up to Air Canada but that public pressure on the airline will make a "huge difference" in reaching a settlement. Passengers left stranded All Air Canada and Air Canada Rouge flights are suspended for now. About 130,000 customers will be affected each day the strike continues, said the airline. Flights by Air Canada Express, which are operated by third-party airlines Jazz and PAL, are not affected. "Air Canada deeply regrets the effect the strike is having on customers," it said in a brief statement early Saturday morning. CUPE has set up picket lines at airports across Canada, including in Montreal, Toronto, Calgary and Vancouver. Striking flight attendants also plan to picket at airports in Halifax, Ottawa and Winnipeg. In the meantime, passengers around the world are feeling the effects of the flight attendants' strike. Keelin Pringnitz and her family are from Ottawa and were returning from a European vacation but were left stranded after flights were cancelled. "It was an end of my maternity leave kind of trip. We went to the Faroe Islands and Norway, travelling through Air Canada to London," Pringnitz said from London's Heathrow Airport. She noted there was an option for travellers to go the U.S., but she and others were told there wouldn't be any further assistance once they landed. "It didn't go over well with the line. Nobody really seemed interested, everybody seemed a little bit amused almost at the suggestion, or exasperated, because it is a bit ridiculous to offer to take stranded passengers to a different country to strand them there." For customers due to travel soon whose flights are not yet cancelled, Air Canada said it will allow them to rebook their travel or obtain a credit for future travel. WATCH | The impact of the flight attendants' strike on travellers: Sides at an impasse on pay Air Canada and CUPE have been in contract talks for about eight months but have yet to reach a tentative deal. Both sides say they remain far apart on the issue of pay and the unpaid work flight attendants do when planes aren't in the air. The airline's latest offer included a 38 per cent increase in total compensation, including benefits and pensions over four years, that it said "would have made our flight attendants the best compensated in Canada." But the union pushed back, saying the proposed eight per cent raise in the first year didn't go far enough because of inflation. WATCH | Thousands of Air Canada flight attendants walk off the job: Solve the daily Crossword
Yahoo
31 minutes ago
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Cheekbone Beauty is Canadian, Indigenous-owned and sustainable — and these celebrities are 'adamant' about using it
From the do-it-all product she is "not living without" to her favourite Canadian beauty products, here are five things Jenn Harper is Adding to Cart. Sustainability requires "intentful action," Jenn Harper, the founder of Cheekbone Beauty, told Yahoo Canada. "It has to become a practice. Sustainability isn't something you can say you are but not do." Cheekbone Beauty is one of Canada's first Indigenous-owned and founded cosmetics companies. It focuses on what Harper — an Anishinaabe Ojibwe entrepreneur from St. Catharines, Ont. — says is "missing" in the beauty industry: true sustainability. "We know that [clean beauty] is safe for humans, but what about the planet? What about the environment?" she said. There are so many ingredients that are considered clean, they're checked off as safe, but are known to impact the environment and ecosystems negatively, she explained. "We really want to look at the whole picture." Is the packaging sustainable? Is it biodegradable? What does the raw material formulation look like? "That's where we take our Indigenous roots very seriously." Have you ever wondered what the world's most interesting, successful and talented people are adding to their shopping carts? Yahoo Canada's new series, Add to Cart, is exploring just that. From the supplement regimen of professional athletes to supermodel-approved skincare, this is what celebrities actually spend their money on. Harper and her team at Cheekbone Beauty care deeply about sustainability and how Indigenous people are represented in the beauty space. At the time of our call, the founder had recently teamed up with Nice Cans and chef Charlotte Langley to launch a limited-edition lipstick, Haki, with 100 per cent of proceeds going directly to Indigenous student scholarships. The reason why Cheekbone Beauty has gone viral, however, isn't solely because of its social do-gooding. For starters, the Canadian brand became a fast, homegrown favourite when U.S. President Donald Trump instigated a tariff war — and a buy Canadian movement — earlier this year. Many of the brand's lip products are manufactured in Ontario, and it works with partners in Italy for the rest. "You could really see [a rise in sales] from January to April," after Trump took office, Harper revealed. "Even into May." Another reason Cheekbone has skyrocketed in popularity in recent months is, in part, thanks to its growing celebrity fanbase. Queer Eye star Jonathan Van Ness told Yahoo Canada that the brand's Balance Blush Bronzer was their "gateway drug" into blush. Which, by the way, made Harper "so, so proud and happy" to hear. Actress Lily Gladstone, who made history in 2024 as the first Native American nominated for a Best Actress Oscar, was "adamant" about her makeup artist using Cheekbone Beauty, according to Harper. Celebrity sisters Erin and Sara Foster spotlighted the Horizon Lip Pencil in Sand on their podcast, "The World's First Podcast with Erin & Sara Foster," which resulted in hundreds of sales shortly thereafter. We sold "800 [units] in eight hours. That's insane for a small business," Harper recalled. The Fosters "keep coming back," Harper said. "They buy three sand lip pencils every time for the past like, three years." It "is so hard building a business," Harper admitted. "So when you hear feedback like that" from JVN, Gladstone, and other public figures, "it's still a massive pinch-me moment. [...] It's incredible." From the do-it-all product she is "hands down [...] not living without" to her favourite Canadian beauty products, here are five things Cheekbone Beauty founder Jenn Harper is Adding to Cart.
