Amazon is worth $735 billion — but Wall Street’s betting it’s more like a startup than a tech giant

Amazon is worth $735 billion — but Wall Street’s betting it’s more like a startup than a tech giant

At more than 20 years old and with a valuation of more than $700 billion, Amazon’s no startup. But if you’re invested in the company, you’re banking that it will continue to grow like one. That bet has paid off quite handsomely of late. Amazon’s shares have well more than doubled over the last two…

Teens would rather break their bones than lose their phones

Teens would rather break their bones than lose their phones

With access to apps that instantly connects us to millions of users, much of our day is spent hunched over a screen. Adam Alter, author of ”Irresistible,” explores the rise of technology addiction – specifically in teenagers. The following is a transcript of the video. Adam Alter: Nomophobia is a new word that’s being coined…

As caribou herds dwindle, policies to protect them threaten northern way of life

As caribou herds dwindle, policies to protect them threaten northern way of life

Despite spending the better part of his career surrounded by endless stretches of boreal forest, John Unger has almost no first-hand knowledge of the boreal woodland caribou, a species whose survival instincts keep it deep in the woods and away from potential predators. “I’ve never seen a caribou in my life,” said the chief executive…

Oil logjam set to ease as Canadian drillers cut deals with railroads to ship more crude

Oil logjam set to ease as Canadian drillers cut deals with railroads to ship more crude

Alberta’s beleaguered oil industry may get some relief from its persistent shipping bottlenecks in the second half of the year as producers strike deals with rail companies to move more crude. Oil producers and railroads have room to strike deals that will make economic sense for both parties, Cenovus Energy Inc. Chief Executive Officer Alex…

Former RBC currency trader sues bank for unfair dismissal, alleges boss offered ‘bribe’ to cover up error

Former RBC currency trader sues bank for unfair dismissal, alleges boss offered ‘bribe’ to cover up error

A former Royal Bank of Canada currency trader sued the lender for 13 million pounds (US$18 million) for unfair dismissal, alleging that a senior manager had offered him a “bribe” to cover up a trading error. John Banerjee said in a witness statement at an employment tribunal in London this week that six months after…

How the housing slowdown is taking the lustre off the whole Canadian economy

How the housing slowdown is taking the lustre off the whole Canadian economy

Did a slowdown in the housing markets take some shine off the Canadian economy this quarter? The answer is yes if you were to ask Stephen Poloz, the Governor of Bank of Canada. Addressing the House of Commons Standing Committee on Finance earlier this week, Poloz identified two main contributors to a “slower-than-expected” economic growth…

Jeff Bezos says he liquidates a whopping $1 billion of Amazon stock every year to pay for his rocket company Blue Origin

Jeff Bezos says he liquidates a whopping $1 billion of Amazon stock every year to pay for his rocket company Blue Origin

Amazon founder and Blue Origin founder Jeff Bezos (L) announces plans to build a rocket manufacturing plant and launch site at Cape Canaveral Air Force Station, Florida September 15, 2015. HO/Mike Brown/Space Florida Amazon CEO Jeff Bezos spends a tiny fraction of his net worth to fund Blue Origin, the space company he started back…

A Silicon Valley biotech hub that offers startups $250,000 in funding explains the ‘secret sauce’ to success

A Silicon Valley biotech hub that offers startups $250,000 in funding explains the ‘secret sauce’ to success

Uma Valeti and Chef Derek Sarno present meals by Memphis Meats. Valeti recently graced the cover of Inc. magazine.Memphis Meats/Facebok Arvind Gupta, the founder of a fast-growing Silicon Valley biotech incubator called IndieBio, couldn’t care less about a startup’s lofty vision for the future. IndieBio funded Memphis Meats, a lab-grown meat startup founded by Uma…

Ontario’s poverty numbers are growing again — the opposite of the rest of Canada

Ontario’s poverty numbers are growing again — the opposite of the rest of Canada

The proportion of Ontarians living in low-income rose a scandalous 26 per cent from 2003 to 2016. No other province even comes close to performing that badly. Most provinces actually made significant progress in terms of people moving out of low-income situations: the rate of low-income incidence fell in every province except Ontario and Prince…

Snapchat’s betting its future on augmented reality ads — here are all the different types

Snapchat’s betting its future on augmented reality ads — here are all the different types

You’ve probably seen the giant face taco shell, the barfing rainbow and the dancing hot dog, perhaps the three most popular examples of augmented reality on Snapchat. But that’s not it. The self-proclaimed camera company has made a massive push into AR, and has consistently iterated on its offerings to get as many marketers on…