The Peak Daily

By The Peak / CuriouscastNews Business News

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The Peak Daily episodes

October 25, 2022 Davos in the desert 🌴 — The Future Investment Initiative kicks off. You might start getting paid for your blood. Ontario’s EQAO scores are bad.
Saudi Arabia’s [Future Investment Initiative](https://www.bnnbloomberg.ca/wall-street-is-heading-to-saudi-arabia-as-us-oil-spat-simmers-1.1836247#:~:text=An escalating dispute over an,the US and Saudi Arabia.) (FII) kicks off today, with the who’s who of international finance meeting in Riyadh to talk shop, despite the icy chill hanging over Western relations.
As Canada Blood Services (CBS) deals with decade-low donation levels, the nation’s blood supply administrator hopes paying people to get jabbed will get more veins through the door.
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).
Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
10 min
October 24, 2022 Android auto 🤖 — Snap stock is spooky. The G7 price cap on Russian oil might not work. And Apple and Android are fighting over your car.
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.
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.
The battle between blue and green bubbles is about to get a whole lot uglier as cars evolve into drivable devices.
Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
8 min
October 21, 2022 Liz out 👩‍💼 — Liz Truss is out as PM. Via is adding buffer cars. And the Women’s World Cup TV rights are back up for sale.
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 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.
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.
Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
10 min
October 21, 2022 Inflation only goes up 📈 — Netflix is back. Inflation is up. And global cities lure top talent.
After a rocky year of subscriber losses and investor doubt, Netflix is back with ambitions bigger than a season premiere of Stranger Things.
The annual inflation rate slowed to 6.9%, down from 7% last month, mostly thanks to falling gas prices, but is still above what most experts expected. The core inflation rate (which excludes energy and food prices) actually rose to 5.4% from 5.3%.
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.
Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
10 min
October 19, 2022 Friendship ⛴ — Trade partners are friendshoring. Old school banks are reinventing themselves. And Meta is selling Giphy.
Friendshoring is on the rise as Western countries start shifting trade to friendly partners to cut dependence on totalitarian regimes, most notably China and Russia.
Goldman Sachs, one of the world’s most important financial institutions, is restructuring its business to streamline work and improve its digital offerings.
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.
Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
9 min
October 18, 2022 Price freeze 🥶 — Loblaw freezes No Name prices. Hockey fans are annoyed with the new rink boards. And there’s a new hit social app.
Canada’s biggest grocer announced it is freezing prices on all of its No Name products (over 1,500 items) until the end of January 2023, per The Globe and Mail.
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.
There’s a new app you need to know about so you don’t feel hopelessly out of touch next time you’re around teens: It’s called Gas, and it’s rocketing up the download charts despite only being available in a few US states right now, per The Wall Street Journal.
Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
10 min
October 17, 2022 Budget u-turn 🏦 — PM Liz Truss fires her finance minister. Weather reporting is being privatized. You might be better off quitting.
Embattled British PM Liz Truss made (another) U-turn yesterday, firing her top finance official, Kwasi Kwarteng, and reversing plans to slash corporate taxes.
Weather forecasts have always been unreliable (the atmosphere is changing constantly), but as the weather becomes even more unpredictable, sports leagues, airlines, and even militaries are turning to private forecasters.
If you’re looking to move up the ranks at your company, you might just want to find a new one, according to a new study that found what you do isn’t as important as who you do it for.
Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
7 min
October 14, 2022 Expensive everything 📱 — Core inflation is at a 10 year high in the US. Canadians are paying more for everything. And TikTok is taking a big swing.
US core inflation hit a four-decade high last month, which, to be clear, is the opposite of what Jerome Powell & Friends need to prove their plan to cool the economy and achieve a “soft landing” is working.
Canada is famous for many things: Poutine, hockey, ketchup chips—and high, high prices. According to The National Post, Canadians are paying a serious premium for products, including mobile plans, grocery hauls, and some basic services.
It’s already put a dent in Meta’s advertising business, and now TikTok is preparing to take on a bunch of other Western tech giants with a push into music streaming and e-commerce.
Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
8 min
October 13, 2022 Nuclear comeback 🔌 — Nuclear power is in vogue again. Meta releases a new headset. And there’s a backlog of PR applications.
Canada-based Cameco and Brookfield Asset Management’s renewables division have buddied up to buy nuclear company Westinghouse Electric for US$7.9 billion amid a global frenzy to find climate-friendly alternatives to Russian energy, per The Wall Street Journal.
Meta is betting that companies will pay $1,500 for the company’s new Quest Pro virtual reality headset, in its push to bring the metaverse to the corporateverse.
Experts believe there are now tens of thousands of skilled immigrants waiting in limbo to get approved for permanent residence visas who may be forced to leave the country when their temporary work permits expire.
Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
8 min
October 12, 2022 Protest 🪧 — Real estate investors are protesting interest rates. Saudi Arabia is on a hunt for talent. Lego is getting smart.
Seven months into the Bank of Canada’s rate hike spree, some Canadians are already taking to their local parks to protest higher interest rates on their mortgages.
Dream job alert: Get paid millions of tax-free dollars to help design a gleaming city of the future from the ground up. There’s only one catch: Your employer is the Kingdom of Saudi Arabia, and that city is Neom, the brainchild of Crown Prince Mohammed bin Salman.
The world’s largest toy company is starting to play in the $1 trillion education business.
Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
9 min

About The Peak Daily

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