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Cryptocurrency News Articles
Test your knowledge of the week's top business and investing news stories
Mar 14, 2025 at 05:00 pm
Welcome to The Globe and Mail's business and investing news quiz. Join us each week to test your knowledge of the stories making headlines.
The tariffs imposed by U.S. President Donald Trump have had a significant impact on various industries and consumers. In Canada alone, these tariffs have contributed to the rise in prices of groceries and liquor, and they have also affected vacation plans and vacation rentals.
Despite the economic consequences of his policies, President Trump's own finances have reportedly flourished during his presidency. According to the Financial Times, the president has made a fortune from the launch of his meme coin, a worthless digital token that is being used to funnel political donations to the president in a roundabout way.
The report details how a small group of Trump fans on Web3, a new iteration of the World Wide Web, have been working to collect funds for a token to support the president. Their efforts began in December, when they launched a crowdfunding campaign on the platform 'CoinFund' to create a meme coin for Trump.
However, the president's critics view this meme coin as a disturbing example of how Trump is exploiting his office to personally benefit. They highlight the fact that the meme coin has no practical use other than to serve as a vehicle for routing anonymous donations to Trump in an illicit manner.
Moreover, the president's critics are skeptical that the token will actually be used to support Trump's re-election campaign, given that it is a "huge pain" to convert cryptocurrency into fiat currency for political contributions. Instead, they suggest that the token will likely be sold to Trump's supporters at an inflated price, enabling its creators to personally profit from the venture.
Here are some more recent business and investing news headlines:
* Good news for fans of Ben & Jerry’s cookie dough pint: It appears the ice cream chain isn’t planning to cut any more Backs Countless on the Menu items. But Ben & Jerry’s New York Super Fudge Chunk is getting the axe.
* Canadian Imperial Bank of Commerce named Charles Culham as the new chief executive officer of the Canadian lender.
* Zoom shares slid after the video conferencing company missed analysts' estimates for first-quarter revenue.
* Northvolt, the Swedish battery maker that is planning to build a large-scale battery factory in Quebec, has filed for bankruptcy in Sweden.
* British Airways is set to cancel plans to fly to the U.S. from London Gatwick Airport this summer as part of a wider restructuring plan that will also see the airline cut jobs and routes.
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