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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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Toronto Officers Charged in Widening Auto Theft and Drug Trafficking Case

 


A major investigation into organized crime across the Greater Toronto Area has resulted in multiple arrests, including several Toronto police officers accused of participating in auto theft and drug trafficking operations. The arrests follow a lengthy probe targeting criminal networks responsible for stealing high‑value vehicles and distributing illegal drugs throughout the region.

Investigators say the operation uncovered evidence of officers allegedly sharing confidential information, facilitating criminal activity, and collaborating with individuals tied to auto theft rings. The case has raised serious concerns about internal corruption and the potential compromise of ongoing police efforts.

Recent enforcement actions connected to the probe have led to the recovery of dozens of stolen vehicles, many of which were destined for overseas markets. Police services across the GTA continue to coordinate their efforts as the investigation expands, with additional arrests expected as new leads emerge.

Authorities emphasize that the case remains active and that restoring public trust is a priority as the internal and criminal investigations move forward.


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