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RBC’s Dire Warning Shocks Investors as Markets Plummet Urgent Market Update: S&P 500 Faces Steep Decline The S&P 500, a cornerstone of U.S. equity markets, has plunged into chaos, dropping over 10% in just two trading sessions, leaving investors reeling from the sudden shift in sentiment. Closing at 5,074.08 on Friday, the benchmark index has erased gains with alarming speed, moving from stagflation concerns to fears of a full blown recession. This dramatic sell off mirrors the industrial recession of 2015 to 2016 but falls short of the 20% decline seen in late 2018, raising questions about how deep this downturn could go. Lori Calvasina, Head of U.S. Equity Strategy at RBC Capital Markets, has issued a stark warning in a recent report, projecting that the S&P 500 could plummet to between 4,200 and 4,500 if a full recession takes hold. This forecast, rooted in historical data showing median and average drawdowns of 27% and 32% since the 1930s, signals a potential catas...

Employee’s Bold Protest Sparks Global Debate on AI Ethics Incident Shocks Microsoft’s 50th Anniversary Celebration During Microsoft’s 50th anniversary celebration in Redmond, Washington, a dramatic scene unfolded as AI CEO Mustafa Suleyman’s speech was interrupted by a pro-Palestinian protester. Identified as Microsoft employee Ibtihal Aboussad, the software engineer boldly accused the company of leveraging artificial intelligence for military purposes tied to Israel’s operations in Gaza and Lebanon. Shouting, “You are a war profiteer. Stop using AI for genocide,” Aboussad disrupted Suleyman’s remarks about the AI assistant product Copilot, leaving attendees stunned. Suleyman responded with a measured, “I hear your protest, thank you,” before security escorted her from the venue. This incident, reported widely by outlets like Reuters, has reignited fierce debates over Microsoft’s AI technology in warfare, ethical implications of AI in military applications, and the company’s deep ...

President’s Urgent Praise Signals Musk’s Exit Looms Near President Donald Trump has dropped a stunning endorsement of billionaire Elon Musk, igniting fresh debates over Musk’s transformative yet controversial role in reshaping U.S. government efficiency. Speaking aboard Air Force One en route to Florida for a long weekend, Trump hailed Musk as "fantastic" and a "patriot," offering him an open-ended stay in his administration. Yet, Trump also hinted that Musk’s days in government are numbered, predicting a return to his business empire within months. As head of Tesla and SpaceX, Musk has spearheaded the Department of Government Efficiency (DOGE), slashing thousands of jobs and drawing fierce criticism. With his 130-day mandate nearing its late May end, the question looms: will Musk stay or shift gears back to his entrepreneurial roots? Here’s an in-depth look at this unfolding saga. Trump’s Unwavering Support for Elon Musk’s Government Role President Trump’s la...

Major Pharmaceutical Rivals Settle High-Stakes Legal Battle Over RSV Shots In a dramatic turn of events, pharmaceutical titans GlaxoSmithKline (GSK) and Pfizer have officially settled their intense patent infringement lawsuit over their competing respiratory syncytial virus (RSV) vaccines, Arexvy and Abrysvo. This resolution, filed in Delaware federal court, marks the end of a contentious legal saga that began in 2023, when GSK accused Pfizer of violating its intellectual property rights tied to antigen technology in RSV vaccine development. The agreement to dismiss the case with prejudice ensures that this particular dispute cannot be reopened, offering a definitive close to a battle that has gripped the healthcare industry. While spokespeople from both companies have remained tight-lipped about the specifics, including whether a financial settlement was involved, the outcome has far-reaching implications for the RSV vaccine market, public health, and the ongoing rivalry between t...

What This Means for Investors and Taxpayers in 2025 Canada’s proposed 66.7% capital gains tax rate has been a rollercoaster of anticipation, debate, and eventual cancellation, leaving investors and taxpayers scrambling to understand its implications. Initially set to reshape how capital gains are taxed across the nation, this policy shift promised to increase the taxable portion of profits from asset sales, only to be abruptly abandoned in a stunning turn of events. For those searching for clarity on “when did Canada’s 66.7% capital gains tax start” or “latest updates on Canada capital gains tax 2025,” this article dives deep into the timeline, political twists, and financial impacts of this now-defunct proposal, ensuring you have all the details to navigate your tax planning with confidence. Understanding Capital Gains Tax in Canada Capital gains tax applies to profits earned from selling assets like stocks, real estate, or other investments. In Canada, only a portion of these g...

Strategic Move Signals Urgent Portfolio Overhaul ConocoPhillips, a titan in the American energy landscape, is reportedly on the verge of offloading a massive portfolio of oil and gas assets in Oklahoma, a move that could reshape its operational footprint and send ripples through the energy market. These assets, inherited from the company’s blockbuster $22.5 billion acquisition of Marathon Oil in 2021, are located in the prolific Anadarko basin and are poised to fetch a staggering sum exceeding $1 billion. Sources close to the matter reveal that investment bank Moelis & Co has been tapped to spearhead this high-stakes sale process, though discussions remain in their infancy, and a finalized deal is far from guaranteed. This potential divestiture underscores ConocoPhillips’ aggressive push to streamline its holdings, shed non-core properties, and bolster its financial standing following the Marathon takeover, which saddled the company with $5.4 billion in debt. The Anadarko bas...

A Game-Changing Move for China’s Electric Vehicle Future Massive Merger Talks Between Dongfeng Motor and Changan Automobile Unveiled In a stunning development poised to reshape the global automotive landscape, Dongfeng Motor (HK:0489) and Changan Automobile (SZ:000625), two of China’s largest state-owned automakers, are reportedly in advanced merger discussions. According to a bombshell report from The New York Times, these industry giants are negotiating a deal that could consolidate China’s auto sector, streamline operations, and turbocharge the nation’s push toward electric vehicle dominance. With a combined annual production of roughly five million vehicles, this merger would catapult the new entity past BYD, making it China’s largest automaker and the fifth biggest worldwide. The news has sent shockwaves through the market, with Dongfeng Motor shares surging as much as 2.8% to $4.74 in Hong Kong trading, reflecting investor excitement over the potential of this automotive powe...