Reporting season shows how consumers are responding to cost of living pressures and how retailers are responding

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Australians are buying less pizza but more weight-loss drugs. They love “dupes” but don’t enjoy writing letters.

Here are five key takeaways from the August reporting season that show what consumers are buying as cost of living pressures reignite, and how retailers are responding.

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© Photograph: Dan Himbrechts/AAP

© Photograph: Dan Himbrechts/AAP

© Photograph: Dan Himbrechts/AAP

The U.S.-Canada trade war has galvanized Canadians behind their prime minister’s decision to walk away from negotiations. What happens when the time comes for talks to restart?

© Dave Chan/Agence France-Presse — Getty Images

Avoiding US goods and services – from tech to whisky to air travel – has forced many to find a new way of living

For William McDonald, 38, a diesel mechanic from Thunder Bay, Ontario, “Canadian is always the first choice,” even if it means his weekly bills are higher.

“As soon as Trump started putting those tariffs on in February [last year], I started boycotting US goods,” he said. “Avoiding American products has driven my costs up, and I’m still happy to do it.

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© Photograph: Chris Helgren/Reuters

© Photograph: Chris Helgren/Reuters

© Photograph: Chris Helgren/Reuters

To win in 2024, the president promised an economic course correction. Almost two years later, his agenda has made that fight even harder.

© Haiyun Jiang/The New York Times

Federal Reserve Chair Kevin Warsh said there is still work to do on inflation. At the Fed's annual economic symposium in Jackson Hole, Wyoming, Warsh also said that although he is not committed to a rate hike, he is not ruling it out. Amna Nawaz discussed more with Nick Timiraos of The Wall Street Journal.

The war has deteriorated over the past six months into Mr. Trump’s own version of a “forever war,” with no clear goals and no end in sight.

© Kenny Holston/The New York Times