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.”
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.
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).
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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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.
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.
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.
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.
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”.
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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After a rocky year of subscriber losses and investor doubt, Netflix is back with ambitions bigger than a Stranger Things season premiere.
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."
Meta is selling Giphy after UK regulators ruled that its ownership of the popular GIF platform restricts consumer choice and hurts competition both in the ad and social media markets.
As deals slow and tech grows, old-school banks are re-inventing themselves to keep up.
The hot new trend in global trade: “Friendshoring,” which means shrinking economic ties with countries you disagree with, and increasing them with nations you’d grab a beer with.
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There’s a new app you need to know about to not feel so hopelessly out of touch next time you’re around teens: It’s called Gas, and it’s rocketing up the download charts, per The WSJ.
Why it’s happening: Despite only being available in a few US states right now, Gas has caught on by allowing users to send semi-anonymous compliments to others at their high school (like choosing someone as “the most beautiful person you have ever met”).
Advertising money makes the world go round these days… but that’s been a harsh realization for some of Canada’s most dedicated hockey fans.
Driving the news: When the NHL kicked off its season last week, fans were quick to notice the addition of digitally enhanced dasherboards (DEDs) on rink boards, with some taking to social media to air their grievances around the “hard-to-watch” animations.
Inflation numbers are dropping on Wednesday, shoppers and politicians are getting pretty pissed about food prices, and Loblaw is starting to play defence.
Driving the news: Canada’s biggest grocer announced it will freeze prices on all of its No Name products (over 1,500 items) until January 2023, per The Globe and Mail.