Meet Craig ‘Craigslist’ Newmark, the self-professed ‘nerd’ who built a $1 billion online listing empire and donated $20 million to a media company that’s now facing a massive editorial exodus

Meet Craig ‘Craigslist’ Newmark, the self-professed ‘nerd’ who built a $1 billion online listing empire and donated $20 million to a media company that’s now facing a massive editorial exodus

Craig Newmark hasn’t worked at Craigslist for nearly twenty years. Instead, the billionaire founder — who started his site in 1995 — dedicates his time to philanthropy. Despite criticism for his site’s negative impact on print newspapers, Newmark is a dedicated supporter of journalism, donating millions to publications such as ProPublica and the Poynter Institute.…

Posthaste: With central banks in dovish mode, the bulls are in charge in a ‘late cycle’ market rally

Posthaste: With central banks in dovish mode, the bulls are in charge in a ‘late cycle’ market rally

Good morning! How long can the gravity-defying rally continue, investors are asking, as Canadian and U.S. markets scale new heights? Investment bank UBS Group AG believes while the U.S. business cycle has transitioned to the late stage, “the good news is that the economy can be late cycle for a long time.” Robust Facebook and…

Down to Business podcast: Innovation and disruption in Canada — with guest Michele Romanow

Down to Business podcast: Innovation and disruption in Canada — with guest Michele Romanow

Welcome to Down to Business, a weekly podcast from the Financial Post. Our first episode covers innovation and disruption in Canadian business — with our guest Michele Romanow, tech entrepreneur and Dragons’ Den judge. You can listen below — or on Apple Podcasts, Stitcher and Google Play, where you can also subscribe to get new…

Melinda Gates reveals the secret to a strong marriage and the surprisingly simple answer to the world’s toughest problem

Melinda Gates reveals the secret to a strong marriage and the surprisingly simple answer to the world’s toughest problem

SEATTLE, WA — Melinda Gates has had three careers. The Dallas native was a high-powered Microsoft executive, managing a team of over 1,000 people. Then she met and married her husband, Microsoft cofounder Bill Gates, and began her second job as a full-time mom to three children, Jennifer, Rory and Phoebe. Her third career started…

What to watch for in Lululemon’s first analyst day in five years — and why you should care

What to watch for in Lululemon’s first analyst day in five years — and why you should care

Lululemon Athletica Inc. has given investors reasons to jump on board. Now it wants to give them reasons to stay. The upscale yogawear maker is hosting its first analyst day since 2014 on Wednesday, when it’s expected to share its strategy for the next few years and disclose new financial targets. Key for investors will…

Foreign investments by pension funds protect Canada’s triple-A credit rating

Foreign investments by pension funds protect Canada’s triple-A credit rating

Canada’s trove of overseas assets, including airports and roads owned by pension funds, is helping to protect the country’s top credit rating, according to Fitch Ratings. Foreign assets held by Canadians reached $3.71 trillion US at the end of 2018, exceeding foreign liabilities by $528.6 billion US$ and making the country a net creditor to…

Alphabet’s drone delivery company just received FAA approval to start dropping packages on customer’s front doorsteps in Virginia

Alphabet’s drone delivery company just received FAA approval to start dropping packages on customer’s front doorsteps in Virginia

Wing, the aerial delivery venture spun out of Google, has become the first US drone operator to receive federal clearance as an airline— meaning it can start legally dropping packages on people’s front doorsteps in the states. Before news of the Federal Aviation Administration’s (FAA’s) approval — which was first reported by Bloomberg on Tuesday…

Samsung reportedly rushed the $2,000 Galaxy Fold foldable smartphone to market after being accused of copying Apple, and it may have contributed to the fiasco that led to its delay

Samsung reportedly rushed the $2,000 Galaxy Fold foldable smartphone to market after being accused of copying Apple, and it may have contributed to the fiasco that led to its delay

Samsung announced on Monday that it’s delaying the release of its foldable Galaxy Fold smartphone — which was set to release on April 26 — as a result of reports from reviewers that their Galaxy Fold review units were breaking after just a couple days. One of the biggest questions surrounding the delayed launch of…

Posthaste: Beleaguered no more? Canadian oil stocks are now world beaters

Posthaste: Beleaguered no more? Canadian oil stocks are now world beaters

Good morning! The Financial Post is launching Down to Business, a brand-new podcast, aimed at at tackling the hottest topics in Canadian business. Each week, host Emily Jackson will speak to key industry players to break down the biggest stories happening in Canadian business — from pot to pipelines, real estate to international trade wars.…