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Wall Street Pauses as Oil Surges and Tesla Stumbles

  U.S. stocks stalled on Thursday as investors weighed a sharp rise in oil prices against a wave of fresh corporate earnings. Futures tied to the Dow Jones Industrial Average and the S&P 500 hovered near the flat line, while the Nasdaq 100 also showed little movement. Energy markets took center stage after oil futures jumped more than 5% following new U.S. sanctions on Russian producers, pushing Brent crude toward $66 a barrel and West Texas Intermediate closer to $62. The surge added pressure to inflation concerns already weighing on Wall Street. On the corporate front, Tesla shares slipped over 3% in premarket trading after the electric vehicle maker posted mixed third-quarter results, disappointing investors and kicking off the “Magnificent Seven” earnings cycle. IBM stock also dropped about 7% , as stronger-than-expected profits were overshadowed by weaker software revenue. Traders are now awaiting results from American Airlines and T-Mobile , with Intel set to ...
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Ford Stands by Piccini Amid Skills Development Fund Controversy

Ontario's auditor general found this month that more than 60 lower-scoring applicants were approved for the province's Skills Development Fund after they hired a lobbyist.


Ontario Premier Doug Ford has declared he will not dismiss Labour Minister David Piccini, despite mounting criticism over the province’s $2.5‑billion Skills Development Fund.

The controversy follows a scathing report from Ontario’s auditor general, which found the program was not “fair, transparent or accountable.” The report revealed that many lower‑scoring applicants were approved for funding after hiring lobbyists, while groups tied to Progressive Conservative donors received a significant share of grants.

Opposition parties at Queen’s Park have called for Piccini’s resignation, accusing the Ford government of turning the fund into a political slush pool. Ford, however, defended his minister, insisting that the program has helped thousands of workers access training opportunities and that Piccini will remain in his role.

The Skills Development Fund, launched as a flagship initiative to boost workforce training, has now become a flashpoint in Ontario politics, raising questions about accountability and the influence of political connections on public spending.

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