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Mojtaba Khamenei’s Rise Sparks Market Turmoil as Hardliners Mobilize

People attend a gathering to support Iran's new supreme leader Mojtaba Khamenei, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 9, 2026.  Iran’s hardline factions mounted a powerful show of support for newly appointed Supreme Leader Mojtaba Khamenei , rallying across Tehran in a display that signaled a tightening of conservative control and diminished hopes for de-escalation in the Middle East.  The demonstrations, marked by mass gatherings and imagery linking Mojtaba to his late father, Ayatollah Ali Khamenei, underscored the regime’s consolidation at a moment of heightened regional conflict.  Analysts warn that the hardliners’ unified backing suggests Iran is unlikely to soften its stance amid ongoing tensions with the U.S. and Israel. Global markets reacted sharply. Fears that prolonged instability could further disrupt energy supplies sent oil prices soaring and triggered steep declines in major stock indices. With one of the most significan...
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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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