Pump shock: Why gas prices are so high
The Washington PostGas prices have more than doubled in two years, adding enormous costs for drivers. Here's what caused prices to soar.
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Curated by our editorsStories to fuel your mind
How a cheap component could help kill off combustion cars
Reuters · 5 min"This is just one more rationale for the industry to make the transition to electric quicker."
The 3-Day Return to Office Is, So Far, a Dud
Curbed · 7 minHybrid work is supposed to be the future of the office. Except a lot of people just don’t like it.
Why New Jersey and Oregon still don't let you pump your own gas
CNN · 4 minIt's a strange, complex history that dates back more than a century.
The Clues You Missed: 5 Super-Obvious Signs We Were in a Financial Bubble
New York Magazine · 7 minWe should have seen it coming. At least that’s what a lot of investors (big-time ones and Robinhood speculators alike) are telling themselves right now with financial assets of all sorts in freefall this year.
Popular with Pocket readersStories from across the web
How a Toronto comedian made $205,000 investing in crypto – then lost it all while Coinbase shut him out
Toronto Star · 5 minLike most people when they first invest in cryptocurrency, Shane Rochman thought bitcoin was the future. The economies of the world could collapse next week, he once proclaimed, but his digital coin collection would emerge unscathed. Unless, of course, it was stolen first.
‘The Poster Child’ of the Tech Meltdown
New York Magazine · 17 minTiger Global founder Chase Coleman III is a New York blue blood who made $10 billion with an aggressive, controversial investment style. The past six months have not been good to him. This article was featured in One Great Story, New York’s reading recommendation newsletter.
So much for the electric vehicle revolution. You cannot make the machines without the metals that power them
The Globe and Mail · 5 minAny successful politician is adept at finding the one bit of good news floating in the ocean of despair, then gushing about it to try to drown our worries. So it is with U.S. President Joe Biden.
When Baking and Real Estate Collide
The New Yorker · 17 minTartine, a world-renowned bakery and San Francisco institution, opened in 2002, on an unassuming corner of Guerrero Street, at the edge of the Mission District. The dot-com bubble had recently burst, and the city was in a period of transition.
Gordon Pape: Bank of Canada blunders will bring a housing market crunch
The Globe and Mail · 3 minThe Bank of Canada raised its overnight rate by fifty basis points (0.5 per cent) last week, to 1.5 per cent. No surprise there. We saw a 50 basis points hike in April and the Bank has signalled that Canadians can expect more of the same at the July and September meetings.
The Crypto Crash: all Ponzi schemes topple eventually
The Guardian · 4 minOne week ago, as cryptocurrency prices plummeted, Celsius Network – an experimental cryptocurrency bank with more than one million customers that has emerged as a leader in the murky world of decentralized finance, or DeFi – announced it was freezing withdrawals “due to extreme market conditio
The Last of Lehman Brothers
Bloomberg · 16 minThe bank whose collapse marked the beginning of the 2008 financial crisis is only mostly dead. These are the people attending to its last remains ahead of its final court cases.
Inside the Push to Diversify the Book Business
The New York Times · 37 minTo hear more audio stories from publications like The New York Times, download Audm for iPhone or Android.
Nearly 1 in 4 homeowners would have to sell their home if interest rates rise more: survey
The Globe and Mail · 1 minNearly one in four homeowners say they will have to sell their home if interest rates go up further, according to a new debt survey from Manulife Bank of Canada.
The ugly economics behind Apple’s new Pay Later system
The Verge · 4 minApple is getting into the “buy now, pay later” (BNPL) business with its new Pay Later service built into Apple Pay and Apple Wallet.
Does Your Company’s Culture Reinforce Its Strategy and Purpose?
Harvard Business Review · 10 minGood strategy has traditionally been seen as the key to business success. More recently, purpose has become an essential element of doing business.
Inside a Corporate Culture War Stoked by a Crypto C.E.O.
The New York Times · 8 minJesse Powell, who leads the crypto exchange Kraken, has challenged the use of preferred pronouns, debated who can use racial slurs and called American women “brainwashed.”Jesse Powell, chief executive of Kraken, at the company’s office in San Francisco in 2014.Credit...
How real estate investors and speculators helped trigger the onslaught of soaring interest rates
The Globe and Mail · 3 minThe old deal if you owned a home was low interest rates and rising equity. The new deal is rising rates and falling equity. This shift is brought to you in part by real estate investors and speculators.
The End of the Asset Economy
The Atlantic · 9 minRising interest rates are ending an era in which the rich got much, much richer.
How to Move from Strategy to Execution
Harvard Business Review · 7 minStrategy in Greek (strategia) means the “art of the general,” and, since ancient times, implied the ability to achieve a complex battle goal.
How supply-chain turmoil is remaking the car industry
The Economist · 9 minIf you want to see how technology and deglobalisation are changing the global economy, there are few better places to look than the car industry. Not only is it going through an epochal shift: away from the internal-combustion engine (ice) and towards electric vehicles (evs).
Inside the corporate dash to buy up dentists’ offices, veterinary clinics and pharmacies
The Globe and Mail · 15 minJordyn Hewer had a plan: Go to veterinary school, get a decade of experience under his belt and then buy his own practice. The first two steps went off without a hitch. He graduated from the University of Montreal’s veterinary school in 2011.