NJ Deli at Center of $100M Stock Fraud Case Leads to Prison Sentence
A federal judge sentenced Peter Coker Sr., 82, to six months in prison Tuesday for his role in a scheme that fraudulently inflated a small New Jersey deli’s market value to more than $100 million. Coker Sr. and his son, Peter Coker Jr., also sentenced Tuesday, pleaded guilty in December to conspiracy charges. The pair, […]
Toronto’s Housing Crash Isn’t a Correction—It’s a Reckoning
Toronto’s housing market is unraveling with a speed that has left sellers scrambling and policymakers silent. The city’s spring sell-off—where 66% of homes sold below asking price, the highest rate since 2013—isn’t a seasonal dip. It’s the culmination of decades of speculative frenzy, regulatory complacency, and a economic reckoning Canada can no longer outrun. In […]
TikTok Hit With €530M Fine for Sending EU Data to China
TikTok was fined €530 million ($600 million) by Ireland’s privacy watchdog earlier this month for violating European data protection laws by transferring users’ personal information to China. The Irish Data Protection Commission, which leads TikTok oversight in Europe, found the social media platform failed to ensure adequate protection for EU users’ data accessed by staff […]
Have Cake and Eat It Too? Alberta Separatists Claim They Would Keep Passports and Pension Benefits
The Alberta Prosperity Project unveiled its potential referendum question Monday: “Do you agree that the province of Alberta shall become a sovereign country and cease to be a province of Canada?” Jeffrey Rath, the group’s lawyer, called the question “as serious as a heart attack,” claiming it’s clearer than Quebec’s 1995 secession referendum wording. But […]
Honda Delays $15B Ontario EV Project, Cites Weak Demand
Honda Canada is postponing its $15 billion electric vehicle project in Ontario for approximately two years, pointing to weak EV demand and market uncertainty caused by US tariffs. The project, announced in April 2024, would have included a retooled assembly plant, an electric vehicle battery plant, and two battery parts facilities throughout Ontario. Honda Canada […]
Beijing Ramps Up Gold Imports In Pivot Away from US Dollar
China has quietly ramped up gold imports by authorizing major banks to use foreign exchange reserves—specifically US dollars—to fund bullion purchases. Two sources familiar with the matter confirmed the People’s Bank of China both expanded gold import quotas in April and greenlit forex transactions to support those purchases. While the central bank declined to comment, […]
17 States Sue Trump for Blocking $5 Billion in Electric Vehicle Charging Funds
17 states led by Washington, Colorado, and California have filed a lawsuit against the Trump administration over its decision to freeze approximately $5 billion in federal funding designated for electric vehicle charging infrastructure. The lawsuit, filed in the US District Court for the Western District of Washington in Seattle on May 7, 2025, challenges the […]
GOP Moves To Refill Biden-Drained Oil Reserves With $1.3B Bill
In an effort to undo more of Biden administration’s policies, House Republicans have introduced a $1.3 billion proposal to refill the Strategic Petroleum Reserve—a move that also clarifies the current administration’s pivot toward fossil fuel over green spending. The bill, led by Rep. Brett Guthrie, earmarks $1.32 billion for replenishing the reserve and an additional […]
Gold Demand Hits Nine-Year High in Q1 2025 as ETF Inflows Surge
Gold demand reached its highest first-quarter level in nine years in 2025, driven primarily by a sharp revival in ETF investments amid global economic uncertainties and geopolitical tensions, according to the World Gold Council’s latest Gold Demand Trends report. Total gold demand, including OTC investment, rose 1% year-over-year to 1,206 tonnes in Q1 2025, the […]
Robinhood To Acquire WonderFi in $250M All-Cash Deal
Robinhood Markets (NASDAQ: HOOD) has struck a deal to acquire Canadian crypto platform WonderFi Technologies (TSX: WNDR) for $0.36 per share in cash, valuing the deal at roughly $250 million. The acquisition price gives WonderFi shareholders a much-needed liquidity event after a prolonged share price slump. “This transaction is the culmination of… efforts and the […]