Powell rose to top of Trump's list as safe, savvy choice for Fed

Jerome Powell was not on President Donald Trump’s early radar as a possible successor to Federal Reserve Chair Janet Yellen, and was angling instead for a job as the U.S. central bank’s vice chair for supervision.

But when he was passed over for that position last summer, it was one in a chain of events that set the stage for the 64-year-old Fed governor and former investment banker to take over as head of the world’s most powerful central bank. Read more...

Tech Giants Are Paying Huge Salaries for Scarce A.I. Talent

Silicon Valley’s start-ups have always had a recruiting advantage over the industry’s giants: Take a chance on us and we’ll give you an ownership stake that could make you rich if the company is successful.

Now the tech industry’s race to embrace artificial intelligence may render that advantage moot — at least for the few prospective employees who know a lot about A.I. Read more...

Canadians still spend a day (26 hours) a week watching TV even with streaming surge

Online streaming continued to dent traditional broadcasting businesses last year as more Canadians accessed television and music on the internet and spent less time on old-fashioned TV and radio, according to a new report from the federal broadcast regulator.

Foreign and domestic internet video services earned an estimated $2 billion in revenue in 2016, up 17.8 per cent from last year, according to the Canadian Radio-television and Telecommunications Commission’s 2017 Communications Monitoring Report released Wednesday.

Subscription services such as Netflix Inc. and BCE Inc.’s CraveTV pulled in $1.1 billion in cash, with the remaining revenue coming from transactions such as renting a TV show on iTunes or advertising on free videos on services such as YouTube. Read more...