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Whether you see them or not, industrials businesses play a crucial part in our daily activities. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow. Due to this bearish outlook, the industry has tumbled by 8% over the past six months. This performance was disappointing since the S&P 500 stood firm.

From fast food to fine dining, restaurants play a vital societal role. But it’s not all sunshine and rainbows as they’re notoriously hard to run thanks to perishable ingredients, labor shortages, or volatile consumer spending. Unfortunately, these factors have spelled trouble for the industry as it has shed 3.9% over the past six months. This performance was discouraging since the S&P 500 held its ground.

While RBC has scaled these businesses, its market share is "relatively small" and it still has room to grow, McKay said at the top Canadian bank's first investor day in seven years. Capital markets have become a vital revenue stream for banks in recent years. The expansion could intensify competition between RBC and its rival heavyweights on Wall Street such as JPMorgan Chase and Goldman Sachs.

Shares of major carmakers and auto-parts manufacturers fell after President Trump’s latest tariff plans dashed hopes for relief on the trade front.

Argentina is targeting a $20 billion deal with the International Monetary Fund, Economy Minister Luis Caputo said on Thursday, formally putting a figure on the long-mooted program for the first time as he looks to calm local market jitters. A new program would be the country's 23rd with the IMF if approved, and is seen helping bolster the central bank's reserve levels, strengthening the government of libertarian Javier Milei and defusing debt repayment risks in the years ahead. "What we are looking for with this agreement is that people can rest assured that the pesos that exist are backed by the central bank," Caputo said.

The online pet retailer finished its fiscal year with increases in sales, profits, active customers and market share.

Petco shares jumped Thursday morning as the pet retailer outlined a better-than-expected adjusted earnings forecast for fiscal 2025.