Bitcoin’s latest plunge has turned a once-fashionable corporate tactic into a painful liability. Companies that treated the original cryptocurrency as a balance-sheet trophy are now staring at multibillion-dollar paper losses and a market that no longer assumes prices only move one way. The fallout is rippling from high-profile tech names to niche “crypto-treasury” plays that…

Prime Minister Mark Carney has scrapped Canada’s national electric vehicle sales mandate, a centrepiece of the country’s previous climate strategy, while insisting the auto sector’s long‑term future is still battery powered. In its place, Ottawa is rolling out richer rebates, tougher tailpipe rules and fresh industrial subsidies that shift the focus from quotas on dealers…

Artificial intelligence just triggered one of the fastest wealth swings in recent market memory, erasing roughly $1 trillion from software and services stocks and then luring a wave of retail buyers into the wreckage. The same technology that investors once treated as a universal tailwind is suddenly being priced as an existential threat to parts…

Bitcoin’s latest plunge has ripped through the mining industry so violently that operators are literally powering down machines that only months ago were printing money. With the coin trading far below its recent peak and mining economics collapsing to record lows, the sector that secures the network is suddenly confronting a brutal test of who…

Artificial intelligence was supposed to be the lubricant of a new financial era, speeding credit decisions and powering an unprecedented investment boom. Instead, it is exposing a fragile web of off‑balance‑sheet lenders whose bets on the AI gold rush are starting to look dangerously pro‑cyclical. As billions in paper value evaporate from these “shadow banks”,…

Russia’s oil and gas takings have slumped to their weakest level since the early pandemic shock of 2020, stripping the Kremlin of the easy money that once underwrote both domestic spending and the war in Ukraine. The fall reflects a mix of lower global prices, widening discounts on Russian barrels and the slow grind of…

Jamie Dimon is again sounding alarms about the stock market, warning that a period of brutal turbulence could be ahead for investors who have grown used to rising prices and easy money. His message is blunt: the mix of swelling government debt, sticky inflation, tariff shocks and geopolitical risk is unlike anything he has seen…

U.S. stocks are losing altitude again as investors confront a painful combination of tech-sector weakness and fresh signs that the labor market is cooling. The latest slide has pulled the Nasdaq and S&P 500 off recent highs even as the Dow clings to gains, underscoring how uneven this market has become. I see a tug…

Several Democratic-led states are moving aggressively to raise taxes on their wealthiest residents, betting that high earners will stay put and that new revenue can help close yawning budget gaps and fund ambitious social programs. At the same time, one state that already pulled the trigger on a millionaire levy is reporting a multibillion-dollar windfall,…