The business of Michelin star rankings

If you’ve been on the internet this week, there’s a good chance you already know that Michelin awarded its first stars to 13 Canadian restaurants

But does a Michelin star still offer the same benefits as it used to? 

Walmart launches a virtual dressing room

Handing over your semi-nudes to Walmart? What could possibly go wrong? 

Adobe’s big Figma buy

Adobe has agreed to buy design software company Figma for US$20 billion in what will be the largest acquisition ever of a private software company (if the deal is approved). 

Patagonia gives it all away

All you Patagonia-heads can rock your puffer vests with pride all winter long after the apparel company announced an unprecedented move in corporate social responsibility. 

The EU’s plan to cool energy prices

European energy executives are doing a little too well these days. 

That is, if you ask European Commission President Ursula von der Leyen, who wants to make them pay up as part of a plan to bring down electricity costs. 

Shopify shops around for talent

Shopify restaffed most of its leadership team during the pandemic, and now the top brass of what was once Canada’s most valuable company isn’t looking very Canadian.

Enter, the Merge

Ethereum, a blockchain platform supporting over 50% of the total value of the decentralized finance industry, is shifting to a less energy-intensive way of validating transactions.

Desperately seeking CEBA

The federal government gave small businesses $49 billion worth of pandemic loans but forgot one crucial step: A plan to get it back.

US Inflation Day

Higher-than-expected US inflation numbers have cleared the runway for the Federal Reserve to deliver another big rate hike—a realization that has sent markets into shock. 

On this episode of Twitter v. Musk…

As we await the start of Twitter v. Elon Musk on October 17 (mark your calendars), the final pieces are falling into place for what’s sure to be the most dramatic tech trial possibly ever. 

Canada needs to step up its environmental game

A new climate coalition filled with insurance companies, disaster experts, Indigenous groups and municipalities is calling the federal government’s new climate goals ‘‘vague and distant”.

Back to square one for investors

If you’re kicking yourself over a bad stock pick recently, we’re here to tell you that #1, who isn’t, and #2, even bonds—one of the safest (some would say boring) investments—is losing money this year, with a key index that tracks the asset dropping 16.8% since January.   

The hard truth about modern labour

Ten million more people are being subjected to slavery worldwide today than in 2016, with the private sector accounting for the majority of exploitation, per BNN Bloomberg.

Ukraine breaks through

Ukrainian forces broke a months-long stalemate and seized thousands of square kilometres of territory in the northeastern part of the country over the weekend.

Why it matters: The rapid advance is the first significant progress made by either side in recent months and represents a major setback for Russia.

Meet the new (blue) boss

A new challenger has emerged: Pierre Poilievre secured the leadership of the opposition Conservative Party with a landslide victory over the weekend.

Why it matters: Poilievre nabbed a commanding 68% of the points available on the first ballot, cementing his control over the party and setting up a showdown with the governing Liberals in the next election. 

Getting a mortgage isn’t getting any easier

As interest rate hikes drive up borrowing costs and, in turn, lower housing prices, many Canadians are asking for a break when it comes to their mortgage qualifying rate. 

Canada’s top financial regulator responded with a firm: “Nah, we’re good.”

The DOJ calls out Google search

Ever wonder why almost everything you search automatically turns into a Google search? 

The US Justice Department (DOJ) sure has, and now they’re accusing Google of paying companies billions each year to remain the default search engine on browsers—illegally.

What higher unemployment means for you

Canada’s unemployment rate is up for the first time in seven months, which means that high interest rates have (done what they do and) thrown cold water on the red hot labour market.

Budget cuts for swag bags

Corporate swag bags may soon become a relic of the past, vanishing along with memories of money flowing freely through corporate America’s expense accounts.