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Weekly Market Snapshot: Mideast Tensions and Chip Selloff Rattle Global Markets (July 13–17)

  Week of July 13–17, 2026 It was a rough week to be a tech investor and a good week to own oil. Escalating conflict between the US and Iran pushed crude sharply higher and rattled global markets, while a fresh wave of selling in semiconductor stocks dragged US and Asian indices lower. Closer to home, the Bank of Canada held its key rate steady, and the TSX—less exposed to chipmakers—held up noticeably better than its US and Asian peers. Here’s how the week broke down across every major market, and what it means for your wallet. 🇨🇦 Canada: TSX Day Close Change Mon, Jul 13 35,252.72 -0.15% Wed, Jul 15 (BoC day) 35,416.20 +0.27% Thu, Jul 16 35,340.15 -0.21% Fri, Jul 17 ~35,262 -0.22% Week total (Fri-to-Fri) — ~flat (about -0.1%) The TSX had a choppy but ultimately quiet week compared with its global peers. Monday's session opened with the Strait of Hormuz blockade headlines and closed lower. Wednesday brought a relief rally after the Bank of Canada's rate hold, with financials ...
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Washington Post Faces Major Restructuring as Layoffs Sweep Newsroom

                        The Washington Post headquarters in Washington, DC, US, on Tuesday, Jan. 27, 2026.

The Washington Post has entered a period of significant upheaval as widespread layoffs reshape the organization under the ownership of Jeff Bezos. Hundreds of positions across the newsroom have been eliminated, marking one of the most extensive staff reductions in the paper’s modern history.

Leadership described the cuts as part of a broader effort to stabilize the publication amid financial pressures and shifting audience habits. Several long‑standing sections are being downsized or reorganized, and some specialty desks are being folded entirely into broader reporting teams.

The abrupt nature of the layoffs has left many employees stunned, with concerns about the impact on the Post’s journalistic capacity and its ability to maintain the breadth of coverage that has defined the paper for decades. Media observers note that the move reflects a larger trend across the industry, as news organizations grapple with declining revenue and evolving digital demands.

As the Post navigates this transition, questions remain about how the restructuring will shape its editorial identity and long‑term strategy.

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