The Peak Daily

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.Still have some spare CERB money kicking around? Why not bring together your closest billionaire friends and buy a professional hockey team?Not long after warning of a slowdown around what is usually a busy holiday season, Amazon has become the latest company to cut jobs to brace for a potential economic downturn.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

After becoming the first company to lose US$1 trillion in market value (yes, ever), Amazon is taking a long, hard look at its business, because something ain’t right.Elon Musk held his first meeting as the company's CEO, fielding questions from staffers and dropping several off-side comments, like saying “there’s a good chance” Twitter will not survive the economic downturn.After scrambling to drum up money to fix a cash shortfall of US$8 billion, FTX filed for what will be the biggest US bankruptcy this year.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Cost-cutting is the name of the corporate game these days, and WeWork is no exception.Just a few months ago, text-to-image AI seemed like super-futuristic tech reserved solely for hardcore researchers. Now, it’s available for free on one of the most popular design apps.In the wee hours of Thursday morning, NASA launched JPSS-2—its newest satellite, which joins a global observation system analyzing the Earth’s weather patterns.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Keurig Dr. Pepper invested US$50 million for a minority stake in Athletic Brewing, a leader in the booming non-alcoholic craft beer market.Picture this: The reality TV show “Love is Blind,” but for your personal dating life.The Big Tech carnage continued as Meta laid off 13% of its workforce (~11,000 workers), in the largest staff reduction in the tech industry this year.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Live from The Peak’s Bet on Canada Summit in Toronto!Retirees used to spend their time sunning in Florida. These days, they’re going back to work.The federal government will dish out money to fix provincial healthcare—hooray!And just like that, one of the world’s most valuable cryptocurrency exchanges has fallen.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Executives at Airbnb want you to know they have, in fact, read all your angry tweets about out-of-control cleaning fees, and that they’re listening and learning.Canada’s proposed Online Streaming Bill Canadian is starting to make creators sweat.Americans head to the polls today, which means that by tomorrow there will be a crop of kooky new congresspeople that may or may not keep you awake at night.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

In exchange for not seeing the sun after work until spring, you’re now getting an extra hour of sleep—and the odds are, that’s something you desperately need.Unilever, the multinational giant that owns brands like Ben and Jerry’s and Dove, is the biggest corporation yet to give a big thumbs up to the four-day workweek.China’s president Xi Jinping has gone from having “concerns” over the war in Ukraine to telling Russia to knock it off with the nuclear threats.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin 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-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Over 55,000 Ontario education workers, including early childhood educators, educational assistants and custodians, are set to walk off the job today.The government served up its annual Fall Economic Statement, including a declining deficit as the main, and risks around Canada entering into a recession as a side.As the world becomes increasingly like a sci-fi novel, new devices are letting the human body do things that once seemed impossible.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin 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-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The US Federal Reserve raised interest rates by 75 percentage points, bringing its benchmark rate range to 3.75%-4% and effectively making any type of debt (mortgages, credit cards, auto) a little bit pricier.Less than a week into his tenure as “Chief Twit” turned “Twitter Complaint Hotline Operator,” Elon Musk is moving quickly to make his mark on Twitter by revamping its business model.The latest version of the Google wildfire warning system will introduce machine learning models trained on satellite data to improve fire tracking and detection in real-time and better predict how they spread.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin 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-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The Adidas-Kanye West split meant the death of Yeezy: The immensely popular and influential line of shoes the controversy-mongering rapper designed for the company.That’s potentially bad news for the sneaker resale market (projected to be a US$30 billion industry by 2030) and for those touting sweet kicks as a burgeoning asset class.Toronto-based TouchBistro, a software provider for restaurants, is breezing though a market downtown that has left venture capitalists holding their dollars close to their chest.The feds just flicked on a big, bright, buzzing “OPEN” sign with a new three-year immigration plan aimed at getting skilled workers into the country to address the ongoing labour crunch.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin 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-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.