Finance

The oil price spike won't fix Russia's strained finances, an analyst says

Higher oil prices typically boost President Vladimir Putin's budget, which helps finance Russia's war in Ukraine.Sergei Fadeichev/Pool/AFP/Getty ImagesMiddle East conflict sends oil higher amid fea...

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The Block layoffs are just the beginning

Getty Images; BIIn late 2022, when ChatGPT was first blowing everyone's minds, Kenji didn't really get it. Sure, it did some pretty cool things. But so had plenty of other generative AI models he'd...

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Kalshi's response to its $2.2 million Iran mess: More fine print

Kristian Tuxen Ladegaard Berg/NurPhoto via Getty ImagesKalshi sparked outrage over how it handled bets tied to the killing of Iranian Supreme Leader Ali Khamenei.On Monday, it announced a proposed ...

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Chain restaurants are closing hundreds of locations across the US in 2026. See the list.

The signage for Wendy's restaurant is shown in Brampton, Ontario, on August 22, 2025. (Photo by Mike Campbell/NurPhoto via Getty Images)Mike Campbell/NurPhoto via Getty ImagesSeveral restaurant cha...

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Trump's pledge to keep oil flowing has calmed markets, but Wall Street experts say disruption risks aren't over

Oil flows through the Strait of Hormuz are critical to the global energy market.Giuseppe Cacace/AFP via Getty ImagesOil prices steadied after spiking earlier in the week on supply risks sparked by ...

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Vacancies, evictions, and unexpected costs: Real estate investors open up about the challenges of owning property

White, who worked in finance for years, learned about the concept of house hacking from a book called "Build a Rental Property Empire."Courtesy of Jeff White and Suleyka BolañosReal estate investin...

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Mortgage renewal headwinds near a ‘turning point’ for pandemic buyers, report says

The mortgage renewal wave that has long loomed over pandemic buyers who purchased homes at rock-bottom rates may finally be coming to an end, according to a Wednesday report from Toronto-Dom...

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Some contractors who worked on OpenAI projects say Handshake AI is withholding thousands of dollars in pay

Handshake AI abruptly cut off access to the projects and told some workers they'd violated their contract.vgajic/Getty ImagesSome contractors working on OpenAI projects said Handshake AI has withhe...

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Trump offers political risk insurance and US Navy escort for ships through the Strait of Hormuz

President Donald Trump offered political risk insurance for "ALL Maritime Trade, especially Energy."Giuseppe Cacace/AFP via Getty ImagesPresident Donald Trump offered political risk insurance for "...

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Crisis managing Canadian women often left out of people's wills

Women are more likely than men to be appointed to positions of trust for tasks such as administering estates and making important decisions on behalf of someone who has become incapacitated,...

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Here's what smart people are saying about a software apocalypse

OpenAI CEO Sam Altman, Nvidia CEO Jensen Huang, and AWS CEO Matt GarmanAP and Getty ImagesWall Street has cooled a bit after a massive sell-off wiped more than $1 trillion in Big Tech valuations.Re...

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Heading for a mortgage default? Bank of Canada research lays out three telltale signs

Canadian credit data point to three key patterns that lead up to borrowers falling behind on mortgage payments, according to a recent ...

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One tax change that could improve Canada's productivity and benefit all

I was frustrated a number of years ago when I was leading our firm. We were very busy, we had too many “good ideas” and our capital — financial and human — was spread thin across too many pr...

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Hedge funds are launching leaner and faster than ever

picture alliance/Getty ImagesThe rise of separately managed accounts is enabling faster, leaner hedge fund launches.SMAs, outsourcing, and improved technology help small hedge funds scale fast.Fund...

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Is Low Fertility in High-Income Countries Here to Stay?

The brief’s key findings are: Fertility has fallen to record lows in high-income countries. Any effort to reverse this trend requires understanding its underlying causes. Econ...

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Paramount won't say whether Middle East money is funding its WBD deal

Saudi Arabian ruler Mohammed bin Salman at a US-Saudi investment event in Washington DC, in November 2025. In December, Paramount said a Saudi-controlled fund would pitch in $10 billion towards its...

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Israel struck Iran with F-35I Adir stealth fighter jets that cost $44,000 per hour to fly

A F-35 fighter jet flies during a graduation ceremony for Israeli Air Force pilots at Hatzerim Airbase, in southern Israel, June 29, 2023.Amir Cohen/ReutersIsraeli Air Force F-35I planes struck Ira...

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Warren Buffett's successor touted 4 of his most iconic stock picks — and they're up 10 to 50 times since he bought them

Warren Buffett sipping a Cherry Coke.Reuters/Rick WilkingGreg Abel paid tribute to Warren Buffett by touting four of the investor's best stock picks.Berkshire's new CEO highlighted Apple, American ...

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From Iran to Venezuela to New York, Trump wants to control the world's oil

Montinique Monroe/Getty ImagesIn 1987, when Donald Trump was first flirting with running for president, he told an audience in New Hampshire that the United States should attack the "horrible, horr...

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These eye-popping charts put OpenAI's record funding round in perspective

OpenAI CEO Sam Altman speaks during an interaction session at IIT, in New DelhiReuters/ANIOpenAI $110 billion financing is a record in more ways than one.The private-market transaction challenges d...

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McKinsey's newest partners share their best advice for climbing the ranks at the consulting firm

Four from McKinsey & Company's newest class of partners share their tips for success.McKinsey & CompanyMcKinsey's partner class shrank to 224 this year, a decline from the pandemic-era boom...

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