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Wall Street Braces as Tech Rout Deepens

US markets looked set for another turbulent session as futures for the S&P 500 and Nasdaq pointed lower, signaling continued pressure on the tech sector. A wave of selling has swept through major technology names this week, and Thursday’s pre‑market action suggested the downturn isn’t over yet. Alphabet remained a major drag after its sharp slide, with investors reacting to concerns about rising AI‑related spending and the uncertain payoff timeline. The pullback has added to broader anxiety across the sector, where valuations have been tested by shifting expectations around growth and profitability. Amazon now sits in the spotlight as traders await its upcoming earnings report. With sentiment already fragile, the company’s results could either steady the market or accelerate the sell‑off, depending on how its cloud and retail segments perform. Commodities also reflected the risk‑off mood. Silver prices tumbled, extending a recent decline and underscoring the cautious tone acros...
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Ruby Dhalla Disqualified from Liberal Leadership Race Amid Serious Allegations

 

In a dramatic turn of events, former Member of Parliament Ruby Dhalla has been disqualified from the Liberal leadership race following allegations of multiple rule violations. The Liberal Party of Canada announced the decision on Friday, citing "extremely serious" breaches of the party's leadership and expense rules.

According to Azam Ishmael, the party's national director, Dhalla was found to have committed ten violations, including inaccurate financial reporting and non-disclosure of material facts. The party's leadership vote committee conducted an extensive review process, which included interviews, questionnaires, and an opportunity for Dhalla to address the committees directly.

The allegations against Dhalla also include potential violations of the Canada Elections Act and concerns about foreign interference in her campaign. Dhalla has vehemently denied the accusations, calling them "fabricated, fictitious, and fake". She claims that the disqualification is an attempt to ensure the victory of front-runner Mark Carney.

Dhalla's disqualification comes just days before the party's leadership debates and after she had successfully paid the full amount of $350,000 to stay in the race. With her exit, the remaining contenders for the Liberal leadership are Mark Carney, Chrystia Freeland, Karina Gould, and Frank Baylis.

The decision has sparked controversy and debate within the party, with Dhalla asserting that the allegations are an attack on her ethnic origin and immigrant background. She has indicated that she will not allow her campaign to be tarnished by what she describes as baseless accusations.

As the Liberal Party moves forward with the leadership race, the disqualification of Ruby Dhalla serves as a stark reminder of the high stakes and intense scrutiny involved in the political arena.



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