Bloomberg Canadian retail sales rebounded in October after slipping a month earlier, a sign of robust consumer spending. Retailers sold 1.0% more goods in October, according to preliminary estimates released Friday by Statistics Canada. That more than offset a 0.6% drop in September, a month hampered by supply chain bottlenecks. The decline in September was smaller than the 1.9% contraction ...

Bloomberg BMW AG’s Chief Financial Officer Nicolas Peter expects full-year earnings near the upper end of the company’s guidance as higher vehicle prices offset production outages stemming from the dearth of chips. BMW’s returns from automaking will likely be at the higher end of the 9.5% to 10.5% of sales the company projected in September, the CFO said. While BMW ...

Bloomberg While many other technology giants embrace the metaverse as the next frontier of growth, Sundar Pichai sees Google’s future in its oldest offering: internet search. “I feel fortunate our mission is timeless,” Pichai, who is chief executive officer of Google and its parent, Alphabet Inc, said in an interview with Bloomberg Television’s Emily Chang for the Bloomberg New Economy ...