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Wall Street Sinks as Tariff Jitters and AI Volatility Rattle Investors

U.S. stocks tumbled in a broad sell‑off today, with the Dow Jones Industrial Average plunging roughly 800 points as renewed tariff concerns and a wave of AI‑related volatility shook market confidence. The S&P 500 and Nasdaq also slid sharply, extending a week of choppy trading driven by political uncertainty and rapid shifts in tech sentiment. Investors reacted to escalating fears that new tariff measures proposed by President Trump could disrupt global supply chains and pressure corporate earnings. Tech stocks—already sensitive to policy shifts—were hit particularly hard as traders unwound positions tied to what analysts have dubbed the “AI scare trade,” a fast‑moving rotation away from high‑growth names. Market strategists noted that the combination of geopolitical tension, policy ambiguity, and stretched valuations created a perfect storm for a sharp pullback. Still, some analysts argue that the downturn reflects a recalibration rather than a fundamental shift, pointing out t...
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Bad Boy Furniture Warehouse Declared Bankrupt After Failing to File Proposal

 

Bad Boy Furniture Warehouse, a Toronto-area furniture retailer, has been declared bankrupt after failing to file a proposal under the Bankruptcy and Insolvency Act. 

The company had filed a notice of intention in November 2023, stating that it aimed to restructure its business. However, it failed to file a cash-flow statement or proposal in time, and is now deemed to have made an assignment. The Ontario court gave Bad Boy permission to begin liquidation sales in November 2023.

The company’s failure to file a proposal has resulted in its bankruptcy, which has been confirmed by a document on the website of bankruptcy trustee KSV Advisory. The company’s bankruptcy is a significant blow to the furniture industry, and it remains to be seen how it will affect the industry as a whole.


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