All Business stories

EV dreams remain out of reach

More Canadians than ever want to get behind the wheel of an electric vehicle (EV), but most won’t be able to plant their butt in a driver’s seat anytime soon. 

Amazon cuts costs

After becoming the first company to lose $1 trillion in market valuation (yes, ever), Amazon is taking a long, hard look at its business, because something just ain’t right.

WeClosed

Cost-cutting is the name of the corporate game these days, and WeWork is no exception. 

Non-alcoholic bevvies are in

Once upon a time, non-drinkers out on the town had the choice of pop, water, or nothing… that’s no longer the case as companies rush to create options for booze-free booze.

What the Yeezy fall means for sneakerheads

If you’ve been keeping up with celebrity news, you probably know the sneaker market is in trouble right now. 

If not, we’ll explain what the death of Yeezy, an Adidas collaboration with the controversial (and now “cancelled”) rapper Kanye West, means for the ~$8 billion resale market—which some analysts consider to be an alternative asset class to, say, stocks or real estate. 

Whisky is a-go-go

No matter what’s happening in the economy, a stiff drink never goes out of fashion. 

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.

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.

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.

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.