Trump increases tariffs on some Canadian goods to 35 per cent
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Toronto Sun
8 minutes ago
- Toronto Sun
American Eagle shares jumps as Trump touts Sydney Sweeney jeans ad
Published Aug 04, 2025 • 2 minute read American Eagle billboard ads of actress Sydney in New York on Aug. 1, 2025. Photo by Michael M. Santiago / Bloomberg American Eagle Outfitters Inc. shares surged after U.S. President Donald Trump came out in support of a controversial ad from the company and called her a 'registered Republican.' This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The spot, with the actress Sydney Sweeney, is the 'HOTTEST ad out there,' Trump said in a social media post. He added American Eagle jeans are 'flying off the shelves.' Trump deleted an earlier post, in which the actress' first name was misspelled The stock jumped as much as 18%, the biggest gain intraday since May 12. Through last week's close, the shares had declined 36% this year. The apparel retailer launched an ad blitz in July with the tagline 'Sydney Sweeney Has Great Jeans.' One of the campaign's videos plays on the same-sounding word 'genes' as Sweeney zips up her jeans and intones that 'genes are passed down from parents to offspring often determining traits like hair colour, personality and even eye colour.' 'My jeans are blue,' she adds, flashing her blue eyes at the camera. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. When American Eagle initially announced the ad campaign on July 23, shares rose as investors cheered the company snagging a deal with Sweeney, whose popularity has surged after appearances in TV shows such as White Lotus and Euphoria. In the following days, the gain eroded after critics said the ad's focus on the genes of a White, blond woman conjured up the racist theory of eugenics. Other social media users have said critics are reading too much into the ads. Representatives for American Eagle didn't immediately respond to requests for comment. Last week, the company said the spot 'is and always was about the jeans' and will 'continue to celebrate how everyone wears their AE jeans with confidence, their way.' This advertisement has not loaded yet, but your article continues below. It's still unclear how American Eagle's ad campaign will impact sales. Analysts will be watching the company's performance during the important back-to-school shopping season. Since mid-July, sales and web traffic at American Eagle Outfitters have been accelerating, while visits to stores has been slowing, according to data from Bloomberg Second Measure, Similarweb, and Through July 27 — the latest data available — those positive trends have continued. Visits to American Eagle's website have also accelerated, the data show. However, trends at Abercrombie & Fitch Co., an American Eagle competitor, have been similar over the same period. Trump said in his post that Sweeney is 'a registered Republican.' While the actress hasn't spoken about her political affiliation, public records show a person with her name and birthday registered to vote as a Republican in Florida in 2024. — With assistance from Matt Townsend. Columnists Opinion World Wrestling Wrestling
Globe and Mail
8 minutes ago
- Globe and Mail
Utilities Witness Longest Win Streak Since 2009: ETFs to Play
The utility sector enjoyed its strongest winning streak in more than 15 years last month, emerging as the month's standout performer despite broader market attention being focused on AI and mega-cap tech stocks. The stocks in the sector logged a consecutive seventh-month gain, reflecting a rare period of sustained sector confidence, underpinned by both short-term demand and structural tailwinds. Reaves Utilities ETF UTES has emerged as the biggest winner, jumping 8.6% in July. It was followed by gains of 6.8% for I nvesco Dorsey Wright Utilities Momentum ETF PUI, 6% for Invesco S&P 500 Equal Weight Utilities ETF RSPU and 5.4% each for First Trust Utilities AlphaDEX Fund FXU and Fidelity MSCI Utilities Index ETF FUTY (see: all the Utilities ETFs here). What's Driving the Rally? Surging Power Demand: Extreme heat across the United States triggered a spike in residential power consumption (air conditioning and refrigeration lifted volumes for utility companies) during the month. Additionally, an unprecedented jump in electricity usage from AI training and data centers to electric vehicle charging is driving demand. Research forecasts electricity demand to grow by ~55% between 2020 and 2040, compared to just 9% over the previous two decades. AI Paving the Growth: Utilities serving data-center clients like Amazon AMZN, Microsoft MSFT and Meta META are negotiating infrastructure deals where those tech firms fund expansions. For example, American Electric Power AEP locks in infrastructure costs with data centers and foresees 28% earnings growth by 2028, while Entergy projects 13% annual industrial sales growth. Rate Requests on the Rise: Utilities have filed roughly $29 billion in rate increase requests through the first half of 2025, nearly double the prior year, driven by rising wholesale costs, aging grids and infrastructure investment needs. Defensive Investment: Investors are rotating into utilities as a defensive haven amid broader market uncertainty. Utilities are traditionally seen as a safe harbor due to their consistent and often generous dividend payouts, which appeal to income-focused investors. The sector benefits from a high degree of regulatory oversight, which provides clarity on rate adjustments and helps ensure a steady stream of revenue. These regulated returns, combined with the essential nature of utility services like electricity, gas and water, contribute to highly predictable earnings, even during economic slowdowns. As volatility rises in other areas of the market, utilities offer a compelling blend of lower risk, income generation and operational resilience (read: 5 Factors to Play Defensive Now: ETFs in Focus). Solid Industry Fundamentals: The sector continues to benefit from an ever-increasing population, which is pushing up demand for utility supplies like water, gas and electricity. The increased adoption of electric vehicles will also boost electricity demand for companies within the utilities sector. ETFs in Focus Reaves Utilities ETF (UTES) Reaves Utilities ETF is the only actively managed ETF that seeks to provide returns through a combination of capital appreciation and income, primarily through investments in utility stocks. It holds 22 stocks with a double-digit concentration on the top three firms. UTES has AUM of $740.7 million and trades in an average daily volume of 153,000 shares. It charges 49 bps in annual fees. Invesco Dorsey Wright Utilities Momentum ETF (PUI) Invesco Dorsey Wright Utilities Momentum ETF offers exposure to 34 companies that are showing relative strength (momentum) and tracks the Dorsey Wright Utilities Technical Leaders Index. Electric utilities and multi-utilities account for 42% and 25.2% of the assets, respectively, while gas utilities round off the next spot with a double-digit exposure. Invesco Dorsey Wright Utilities Momentum ETF charges 60 bps in annual fees and sees a light volume of around 5,000 shares on average. It has AUM of $75 million. Invesco S&P 500 Equal Weight Utilities ETF (RSPU) Invesco S&P 500 Equal Weight Utilities ETF offers exposure to 33 equal-weighted companies in the utilities sector of the S&P 500 Index and tracks the S&P 500 Equal Weight Utilities Plus Index. Electric utilities and multi-utilities account for 54.4% and 32.1% of the assets, respectively, while independent power and renewable electricity round off the next spot with 7.2% exposure. Invesco S&P 500 Equal Weight Utilities ETF charges 40 bps in annual fees. It has AUM of $447.7 million and trades in an average daily volume of 44,000 shares. First Trust Utilities AlphaDEX Fund (FXU) First Trust Utilities AlphaDEX Fund employs the AlphaDEX stock selection methodology to select stocks from the Russell 1000 Index. It follows the StrataQuant Utilities Index, holding 40 stocks in its basket. First Trust Utilities AlphaDEX Fund has amassed $1.7 billion and charges 63 bps in annual fees. Volume is good as it exchanges 277,000 shares in hand per day (read: 5 Sector ETFs Set to Power Q2 Earnings Growth). Fidelity MSCI Utilities Index ETF (FUTY) Fidelity MSCI Utilities Index ETF provides exposure to 67 utility stocks with AUM of $2 billion. This is done by tracking the MSCI USA IMI Utilities Index. Here too, electric utilities and multi utilities are the top two sectors with 60.8% and 24% share, respectively. Fidelity MSCI Utilities Index ETF has an expense ratio of 0.08%, while the average daily volume is good at 162,000 shares a day. Boost Your Portfolio with Our Top ETF Insights Zacks' exclusive Fund Newsletter delivers actionable information, top news and analysis, as well as top-performing ETFs, straight to your inbox every week. Don't miss out on this valuable resource. It's free! Get it now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report American Electric Power Company, Inc. (AEP): Free Stock Analysis Report Invesco Dorsey Wright Utilities Momentum ETF (PUI): ETF Research Reports First Trust Utilities AlphaDEX ETF (FXU): ETF Research Reports Fidelity MSCI Utilities Index ETF (FUTY): ETF Research Reports Virtus Reaves Utilities ETF (UTES): ETF Research Reports Meta Platforms, Inc. (META): Free Stock Analysis Report
CBC
9 minutes ago
- CBC
ICE raids are causing a spike of pets in L.A. shelters after owners detained
Social Sharing Los Angeles County has a new task: taking care of dogs and cats after their owners were detained or deported in immigration raids that picked up this summer in the U.S. under the Trump administration. From June 10, the county has taken in 28 animals, 22 of whom are dogs. Eleven dogs and two cats have been placed with homes since then. In the Downey shelter, two cats come in together in a carrier and some dogs come in boxes and plastic bins. Then they are placed in cages waiting for adoption. The barking and meowing can get loud. "The animals have become sort of a victim in this situation because, to no fault of their own, they're finding themselves in the care centres," said Christopher Valles, public information officer for the Los Angeles County Department of Animal Care and Control. Increased immigration raids have been unfolding in the U.S. for months as part of U.S. President Donald Trump's anti-immigration push. Immigrations and Customs Enforcement (ICE) agents have shown up at schools, workplaces and at immigration appointments to detain tens of thousands of people, actions which have been challenged by courts and criticized by government officials. In June, Trump called National Guard troops and U.S. Marines into Los Angeles in response to protests against the immigration raids. On Friday, a federal appeals court affirmed a lower court's decision to temporarily bar immigration-related arrests in Los Angeles without probable cause. The Trump administration had sought to appeal the lower court's order, but judges of the U.S. Court of Appeals for the Ninth Circuit agreed with the lower court that government agents should be blocked from detaining people based solely on discriminatory reasoning such as presumed race or ethnicity, or speaking Spanish or accented English. The city of Los Angeles is also part of a lawsuit filed in June by the American Civil Liberties Union accusing federal agents of using racial policing and other unlawful tactics to meet Trump's administration's immigration quotas. In the meantime, shelters are feeling the pressure as more animals are left with nowhere to go in the wake of their owners' abrupt detainment. While the dogs and cats wait to be placed in homes, the county will give pets a health check and have them groomed if that is needed, Valles said. "The only approach that we changed on how we operate when it comes to the deportation operations in our region is how can we better assist the community, because this is something that we have never seen before," Valles said. Valles advised that families who have an animal and are concerned that they could be impacted by these increased immigration raids put a plan in place for their pets to be taken in by a close friend or family member in the event of a detainment. "During these challenging times, with the deportation operations that are going on, we are monitoring it closely, but have a plan. Create a bio for your dog, reach out to your neighbour, your family, who can be an alternative to surrendering your pet at the care centre," Valles said.
