Pay off your credit cards to get recession ready

You've reined in your spending, tweaked your budget and started shopping sales—but with interest rates only going up, it’s time to finally deal with the dark debt cloud still hanging over your head. 
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Earnings week kicks off with a whimper

Tech giants Microsoft and Alphabet kicked off a week packed with earnings reports, and the early results are… not great.

Driving the news: Results from Microsoft and Alphabet showed how the impacts of inflation on consumer spending, ongoing supply-chain challenges and a strong US dollar are creating serious challenges for big tech companies heavily dependent on cloud services and digital advertising.

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Canopy heads down south

Canadian pot grower Canopy (+25.08%) has purchased three pot companies south of the border (Acreage, Wanna, and Jetty’s) to form a brand new American business arm.
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Oh, there’s natural gas after all

Remember when Europe faced those “unprecedented risks” to its natural gas supply earlier this month? That was then. Now, the continent is basically swimming in it.
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The pandemic crushed math scores

About half of Ontario students are not meeting the provincial math standards of a B grade, according to the province’s Education Quality and Accountability Office (EQAO). 
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Do you buy blood?

As Canada Blood Services (CBS) deals with decade-low donation levels, the nation’s top blood supplier hopes that paying people to get jabbed will get more veins through the door. 
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Wall Street is back in Riyadh

Saudi Arabia’s Future Investment Initiative (FII) is bringing together the who’s who of global finance in Riyadh to talk shop, despite the icy chill hanging over Western relations.  
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New scam, who dis?

Anna Delvey and the Tinder Swindler made the con lifestyle seem luxurious and lucrative—but the most dangerous scammers are the ones without flashy clothes and an entourage. All they need is a phone or computer and a “mark.” 
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All eyes on earnings

Brace yourself: we’re heading into one of the most important weeks of the quarter when it comes to earnings reports, and lousy results could drag the market down to new depths.

Why it matters: This is a major test for important sectors of the economy, some of which are already deep into a downturn.
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The AI boom is here

The rest of the tech world might be slumping, but in one sector the investor cash is flowing freely and startups are still fetching eye-popping valuations: The “generative artificial intelligence” space is booming like it’s 2021.

  • Generative AI is a catch-all term for AI tools that use sophisticated models to create new images, text, and other content rather than just analyzing something that already exists. 
Driving the news: Two major generative AI startups commanded unicorn-status valuations in recent fundraising rounds (something that wouldn’t be out of the ordinary two years ago, but has become much rarer lately).
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Floating around oil price caps

The G7 price cap on Russian oil imports set to start December 5 has been touted as the biggest step yet in defunding the Russian war machine. But experts aren’t so sure. 
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Standard or automatic, Android or Apple?

The battle between blue and green bubbles is about to get a whole lot uglier as cars evolve into drivable devices and tech companies set their sights on partnerships with automakers. 
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Buy ads or bust

If Snap’s earnings are any indication of how social media companies are faring right now, the answer is: Not well, not well at all.
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Woman’s soccer scores big views

Tomorrow’s draw for the 2023 Women’s World Cup will decide the tourney’s first-round matches, but what remains undecided is who’s going to broadcast them. 
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VIA needs a buffer

In today’s normal, nothing-to-see-here news: VIA Rail is adding ‘buffer cars’ to its oldest passenger trains to absorb impact in the event of a crash. 
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Bond vigilantes strike back

It’s official: British Prime Minister Liz Truss did not outlast the lettuce

After six weeks in office (the shortest tenure for a British prime minister), Truss was forced to resign in the wake of economic turmoil caused by her disastrous “mini-budget”.
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Countries put out the “we’re hiring” signs

In the global race for top talent, governments are bending over backwards to attract the world’s most-desirable ex-pats with fancy new super visas and generous tax incentives.
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Food prices ruin everything

Another inflation report, another mixed bag of news. 
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Starring as the comeback kid: Netflix

After a rocky year of subscriber losses and investor doubt, Netflix is back with ambitions bigger than a Stranger Things season premiere.
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What hitting your “trigger rate” will do to your finances

Homeownership provides a source of stability and has for many years been a relatively safe investment opportunity. But rising interest rates have left those with variable-rate mortgages on shaky ground and quickly approaching their "trigger rate."
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