That concession would depend on the agreement of the provinces, which are in control of the alcohol in their respective jurisdictions.

Ontario Premier Doug Ford, who makes a point of being tough on the US, said last week that an agreement on booze is conditional.

Canada has been in pursuit of a deal that would see the US drop or reduce tariffs on its steel, aluminium, automobile and lumber sectors, all of which have been damaging to the country’s economy.

“If we get a fair deal that will protect our steel sector, our auto sector, our forestry sector, our agriculture sector, our manufacturing sector, then we’d be happy to bring booze back on the shelves,” Ford said.

Carney could also face pushback on any concessions on dairy, especially in Quebec, where the premier, Christine Fréchette, has said supply management is non-negotiable.

Trump argues the system, which has production quotas, set pricing, and import quotas on dairy, eggs, and poultry, is “unreasonable” to American farmers who want to sell their products north of the border.

Canadians are also not in the mood to offer many concessions to the US, even as they want more stability.

A new poll from Abacus Data indicates that 74% feel the trade dispute has had an impact on their household, and 36% want to see Canada respond with new counter-tariffs, even if it risks more domestic economic pain.

Just 18% favour concessions like ending provincial bans on American alcohol, in order to remove or reduce US tariffs.

Reports in Canadian media also suggested that Canada’s chief negotiator, Janice Charette, warned her US counterparts, external that the new tariffs could put further trade negotiations at risk if they are enacted on Wednesday.

Carney has said he would not sign a deal unless it’s a good one for Canada, though he has not been clear on what such a deal would look like.

On Monday, he only said: “We’ll have opportunities over the next 48 hours to discuss in more detail as the negotiations go forward.”

He said he planned to speak with Trump before the Wednesday deadline.

He also said that he has “plans for any situation that may arise” should the talks fail.

Conservative trade critic Shuvaloy Majumdar said in a statement that it’s time for “a measure of relief” from economic anxiety.

“We have grown tired of seeing our country used as a punching bag,” he said.

“Yet we share a common hope that Prime Minister Carney will deliver a genuine win at the negotiating table.”

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Can AI companies afford to buy ever-increasing quantities of Nvidia’s chips? For the company at the center of the boom, that’s an increasingly preoccupying question.

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Mumbai: The Securities and Exchange Board of India (Sebi) Monday cautioned investors against social media accounts offering ‘live trading strategies’ and real-time stock market tips, warning that such sessions may involve unregistered investment advisory services.

The regulator said it had noticed individuals on social media platforms offering real-time strategies and tips on taking positions in the stock market.

“It is observed that these live trading sessions are being viewed by a substantial number of viewers and live chats are also enabled beside the session where unregistered advisory services are being exchanged,” Sebi said.

“These persons portray themselves as experts in the securities market, provide detailed analysis of when to invest, when to exit, strategies to be followed and the positions to be taken on market indices. Some of these persons claim that they trade real-time while showcasing the performance of their trades, patterns that the market is forming based on live data and the target expected to be reached,” it said.

The regulator said that live market data cannot be shared by entities except for purposes linked to the orderly functioning of the securities market or meeting regulatory requirements.

Read more: ICICI Bank overtakes HDFC Bank as top MF holding in July amid governance concerns
In May, it said market price data could be shared for investor education and awareness with a 30-day lag and without monetary incentives.

NEW YORK — The Dow Jones Industrial Average declined in early trading Monday, falling 167.62 points, or 0.31%, to 53,564.79 as of 9:35 a.m. EDT, as investors digested weaker-than-expected U.S. retail sales data and assessed the outlook for Federal Reserve policy.

The blue-chip index opened lower following a Friday close of 53,732.41, when it dropped 107.58 points, or 0.20%. That left the Dow down about 0.56% for the prior week, snapping a two-week winning streak and marking its largest weekly decline since mid-July. The index remains well above levels from a year earlier, up roughly 19% over the past 12 months and more than 11% year to date, though it has pulled back from a record close near 54,349 reached earlier in August.

Soft July retail sales figures released Friday showed a 0.6% month-over-month decline, missing economists’ expectations of a 0.1% increase and representing the steepest drop since May 2025. The data, combined with recent softer readings on jobs and producer prices, prompted markets to scale back the probability of a September interest-rate increase by the Federal Reserve. Traders assigned a roughly 31% chance of a 25-basis-point hike next month, down sharply from near even odds a week earlier, according to CME Group’s FedWatch tool.

Broader markets showed a mixed picture early Monday. Futures pointed to modest gains for the technology-heavy Nasdaq 100 and slight advances or flat performance for the S&P 500, while Dow futures indicated further pressure on the industrials-heavy index. Memory-chip makers including Micron Technology and Sandisk extended gains in premarket activity, supported in part by strong revenue commentary from AI-focused companies. The S&P 500 had closed the previous week at a record after three consecutive weekly advances.

Oil prices remained elevated amid ongoing tensions in the Middle East, with Brent crude trading near $90 a barrel. Elevated energy costs have kept some inflation concerns alive even as softer domestic spending data eased near-term rate fears. The dollar touched multi-week lows against a basket of currencies following the recent run of U.S. economic reports.

The Dow’s composition, weighted toward industrial, financial and consumer companies, has left it more sensitive to shifts in economic growth expectations than the more technology-focused Nasdaq. Transportation shares were under pressure in early trading, while utilities showed relative resilience. Volatility measures edged higher but remained at moderate levels by historical standards.

Investors this week will focus on a slate of major retailer earnings, including reports from Walmart, Target and Home Depot, for further clues on consumer spending. Federal Reserve meeting minutes due Wednesday are also expected to provide insight into policymakers’ latest thinking on the balance between growth and inflation risks. Strong corporate earnings overall this season have underpinned equity gains in recent months, even as geopolitical developments and questions about the durability of AI-related spending have introduced periodic caution.

The Dow remains more than 20% above its 52-week low and sits within striking distance of its all-time highs set earlier this month. Year-to-date gains continue to reflect a resilient corporate profit backdrop and expectations that any further monetary tightening will be limited. Still, the early decline Monday underscored ongoing sensitivity to incoming economic data after the index’s recent stretch of record territory.

Market participants noted that summer trading volumes often remain lighter, which can amplify moves on relatively modest news flow. The Cboe Volatility Index rose modestly in early dealings, reflecting a slight uptick in expected near-term swings. Global equities were mixed overnight, with European indexes starting the week higher in some cases on strength in technology and pharmaceutical shares.

Looking further ahead, attention will remain on whether softer consumer data continues to reduce the likelihood of aggressive Fed action or whether resilient labor markets and sticky services inflation reassert themselves. For the Dow, the immediate focus stayed on the path of industrial and consumer discretionary components as retailers prepare to report quarterly results.

The index’s pullback early Monday left it trading near session lows after an opening range that saw prices move between roughly 53,562 and 53,663. Prior closes in recent sessions had clustered in the mid-53,000s following the early-August peak. Despite the day’s pressure, the broader multi-month uptrend remained intact, supported by solid earnings and a gradual shift in rate expectations.

As trading continued, investors weighed the competing forces of cooler spending data against lingering geopolitical and energy-price risks. The Dow’s performance Monday highlighted the selective nature of recent market leadership, with technology shares showing more resilience than traditional industrial names in the opening hours.

ATLANTA — Indiana Fever star Caitlin Clark opened up about the intensity of her team’s rivalry with the Atlanta Dream after the Fever narrowly escaped State Farm Arena with a 95-91 victory Sunday, the latest chapter in a season-long series that has consistently come down to the wire.

The win kicked off Indiana’s five-game road trip and marked another closely contested battle between two of the WNBA’s more high-profile rivals. Clark orchestrated the Fever’s offense throughout the game, finishing with 26 points and nine assists. The victory also improved Clark’s personal head-to-head record against Atlanta star Angel Reese to 6-2 across their matchups in the league.

Reese, for her part, produced a strong individual performance despite the loss, finishing with a double-double of 15 points and 14 rebounds to go along with six assists.

Asked in her postgame interview about the nature of the rivalry between the two teams, Clark emphasized that Atlanta represents one of several strong competitors across the league, while acknowledging the consistently tight margins that have defined the Fever-Dream series this season. “I mean, I think there’s great competition across the league,” Clark said. “I think, obviously, they’re a very talented team. I feel like every matchup we’ve had this year has been really close, and it’s been a battle.”

Clark, the 2024 WNBA Rookie of the Year, singled out two of Atlanta’s guards for particular praise, crediting both their individual talent and the structure Atlanta’s coaching staff has built around them. “They’re well coached,” Clark continued. “They do a lot of great things, obviously. Rhyne and Gray, they’re two of the best guards in the league. And obviously, with Rhyne’s size, it poses a lot of problems with just her length.” She pointed to that combination of talent and physical tools as a factor that could make Atlanta a difficult opponent later in the season. “So this is a team that will be scary in the playoffs. They’re great at what they do. They have a lot of different weapons.”

Beyond her assessment of Atlanta specifically, Clark also reflected on what games of this caliber mean for her own team’s development, describing high-intensity matchups against strong opponents as valuable measuring points for the Fever as they continue building toward the postseason. “But I think for us, like these are the games you get up for,” she said. “That’s what’s fun about competition. You want to play the best, it brings out the best in you. And I thought we stepped up to the challenge and we’re really good tonight.”

Sunday’s result evened the season series between the two teams at 2-2, marking their final scheduled regular-season meeting of the year, barring a potential postseason matchup between the two clubs if both advance far enough in the playoffs. The head-to-head series has served as one of the more closely watched storylines of the WNBA season, with both squads featuring high-profile young stars who have helped drive increased national attention and viewership to the league.

Clark and the Fever will continue their road trip Tuesday when they travel to Toronto to face the Tempo at Scotiabank Arena, continuing a stretch of games that will test the team’s depth and consistency away from Indianapolis.

Sunday’s victory adds another data point to what has become one of the WNBA’s most closely followed individual and team rivalries in recent seasons, with both Clark and Reese having emerged as two of the league’s most prominent young stars following standout collegiate careers that preceded their arrival in the professional ranks. Their matchups have consistently drawn significant television and streaming audiences, contributing to broader ratings growth the league has experienced since both players entered the league.

The Fever’s ability to close out a tightly contested road game against a divisional or conference rival is likely to be viewed as a positive sign for the team as it continues navigating a demanding late-season schedule. Close victories against strong opponents, particularly on the road, are often cited by coaches and analysts as evidence of a team’s readiness for the increased pressure of playoff basketball, a point Clark herself alluded to in describing the value such matchups hold for her team’s preparation.

Atlanta, meanwhile, will look to build on Reese’s strong individual performance as the team continues its own push through the remainder of the regular season, with Clark’s comments suggesting that opposing players and coaching staffs around the league continue to view the Dream as a legitimate threat heading into the postseason, regardless of Sunday’s outcome.

As both teams continue their respective schedules in the weeks ahead, the Fever-Dream series is likely to remain a focal point for league observers, particularly given the possibility that the two teams could meet again in the playoffs, depending on how the remainder of the regular season unfolds across the broader WNBA standings. For now, Sunday’s result stands as a testament to the tightly matched nature of the rivalry, with neither team having established a decisive edge over the other across their four meetings this season.

Operator

Good afternoon. Welcome to Fabrinet’s Financial Results Conference Call for the Fourth Quarter of Fiscal Year 2026. [Operator Instructions] As a reminder, today’s call is being recorded.

I would now like to turn the call over to your host, Garo Toomajanian, Vice President of Investor Relations.

Garo Toomajanian
Vice President of Investor Relations

Thank you, operator, and good afternoon, everyone. Thank you for joining us on today’s conference call to discuss Fabrinet’s financial and operating results for the fourth quarter of fiscal year 2026, which ended June 26, 2026. With me on the call today are Seamus Grady, Chairman and Chief Executive Officer, and Csaba Sverha, Chief Financial Officer. This call is being webcast, and a replay will be available on the Investors section of our website located at investor.fabrinet.com.

During this call, we will present both GAAP and non-GAAP financial measures. Please refer to the Investors section of our website for important information, including our earnings press release and investor presentation, which include our GAAP to non-GAAP reconciliation as well as additional details of our revenue breakdown. In addition, today’s discussion will contain forward-looking statements about the future financial performance of the company. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from management’s

Swig, the Utah-born beverage chain that helped popularize “dirty soda,” is finding some of its strongest growth well beyond its home state.

Andrew K. Smith, managing director and co-founder of restaurant-focused private equity firm Savory Fund, told FOX Business that Swig locations outside Utah are performing roughly 40% to 50% better than stores within the state.

The chain now operates in 23 states and expects to reach about 200 locations by the end of the year, Smith said, with additional expansion planned for next year.

Swig is best known for highly customizable drinks, particularly “dirty sodas” — fountain drinks mixed with flavored syrups, cream and other add-ins. The concept has surged in popularity in recent years, fueled in part by social media and pop culture.

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Hulu’s “The Secret Lives of Mormon Wives,” which puts Utah culture in the national spotlight, also helped introduce dirty soda to a broader audience.

“We actually were doing very, very well before ‘The Secret Lives of Mormon Wives,’” Smith said with a laugh. “But ’The Secret Lives of Mormon Wives’ definitely made, I think, the appeal and the interest and the mystique of dirty soda much more broad.”

Smith said Savory Fund’s investment in Swig was not simply a bet on soda. Instead, he sees the company benefiting from a broader shift in how Americans purchase their beverages.

Coffee followed a similar evolution, he said, going from something consumers routinely made at home to a premium and customizable product that they increasingly purchased from chains like Starbucks.

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“Really what Swig is, and what it was, was the ‘Starbucksification’ of soda, teas and lemonades,” Smith said.

Savory Fund manages more than $750 million in assets and has invested in restaurant brands including Swig, R&R BBQ, Mo’ Bettahs Hawaiian Style Food, Via 313 Pizzeria and PINCHO.

More recently, the firm invested in Zao Asian Grill, a 23-location Mountain West fast-casual chain that Smith believes could also expand well beyond its current footprint.

For Savory Fund, the goal is not simply to find the next trendy concept, according to Smith.

“As investors, and other investors that I would speak for, we don’t chase concepts, and we’re not chasing the right brand,” Smith said. “We’re backing exceptional founders, and we help them build enduring brands for our consumers.”

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Smith also said consumers across Savory Fund’s portfolio have not stopped spending, but they are looking more closely at whether the food, service and overall experience justify the price they are paying.

“If you paid $20 for a meal, and you sit down, and you’re like, this looks more like $11, they feel like they got kind of scammed,” he said. “…You’ve got to make sure that your value on the plate is the same as the dollars that they’re giving.”

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Smith added, “Restaurants are one of the best real-time indicators of consumer confidence, because millions of decisions happen every day in this industry.”