Latest Blogposts

  • This is the most realistic VR game I've ever played

    Earlier this week, I stepped into the single most realistic virtual reality game I’ve ever played. That game was … whack-a-mole.

    Okay, it wasn’t just whack-a-mole. The game is actually called Nvidia’s VR Funhouse and it’s essentially meant to act as a demonstration of what future VR games will offer ranging from life-like graphics to realistic physics.

    See, virtual reality games are designed to drop you into worlds and situations you’d never dream possible in your ordinary life. I’m talking about experiences like piloting space fighters, painting the sky above your head or building machines with your bare hands.

    There’s just one problem with most of these games: they don’t look all that great. Don’t get me wrong; the graphics for the vast majority of these games offer attractive visuals. But compared to your today’s biggest games, VR’s graphics just don’t cut it. Polygons (square edges) are often visible, and textures that make surfaces appear more realistic are often flat.

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  • A new study says that rising income inequality is causing millennials to forgo tying the knot before having children.

    The paper published in the American Sociological Review Thursday says that young people who live in areas of the U.S. where there is a shortage of well–paying employment, particularly for those who lack a college education, are choosing to have children outside of marriage, even though it is perceived to be the socially acceptable way to start a family. 

    “Young adults these days won’t get married unless they’re convinced they’ll have a long-term, successful marriage and that requires a steady income,” the study’s author, Andrew Cherlin, told Yahoo Finance Canada. 

    “What’s happening is that many of those people are … going ahead and having kids without marrying because they don’t see the prospect of a good marriage happening to them.”

    2014 research by Pew had similar findings in that 78 per cent of women and 46 per cent of men said they want a spouse with a steady job.

    Never-Married Women Want a Spouse with a Steady Job

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  • Canada has quietly become the most tax competitive country for businesses globally in all sectors including digital services, research and development, corporate services and manufacturing, according to a study by international tax firm KPMG.

    Citing the country’s low corporate tax rates, moderate statutory labour costs and low goods and services tax/harmonized sales tax, the biennial study Competitive Alternatives 2016: Focus on Tax put Canada in the lead of 10 OECD countries, followed by the United Kingdom and the Netherlands.

    City-wise, we also churned out the frontrunners including Toronto, Vancouver and Montreal in first, second and fourth, respectively, of the top 51 major international cities with a population of two million or more. Manchester in the U.K. placed third.

    According KPMG, the 10 countries and 111 cities are compared based on the Total Tax Index (TTI), a “measure of the total taxes paid by companies in a particular location, expressed as a percentage of total taxes

    Read More »from Canada is the most tax competitive country for businesses in the world: KPMG
  • JPMorgan kicks off bank earnings with a bang, BOE surprises


    Wall Street is on track for another record-setting day. The Dow Industrials and the S&P 500 are starting the day at record highs, with financial shares leading the advance following stronger-than-expected earnings from JPMorgan and after Bank of England hinted of looser monetary policy in August.

    JPMorgan tops estimates

    JPMorgan (JPM) posted a beat on both its top and bottom lines for the second quarter.  Revenue jumped nearly 3% from a year ago thanks to an increase in fixed income trading, loan growth and lower expenses.

    Stocks to watch

    Yum Brands (YUM) shares got a nice pop this morning. The company behind KFC, Taco Bell and Pizza Hut raised its profit outlook for this year after same-store sales growth in China continued to improve in the second quarter. The fast food giant now projects core operating profit growth of at least 14% this year. This comes ahead of its spinoff of its China operations later this year. The company is also reporting better-than-expected earnings, but

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  • 8 'Pokémon Go' tips that will make you an expert trainer

    "Pokémon Go"

    If you’re one of the legions of “Pokémon Go” fans who’ve become hopelessly addicted to the mobile gaming phenomenon, you’ve probably got a lot of questions about how to be the best Pokémon trainer around. Heck, you probably want to be the very best. Like no one ever was!

    (If you don’t get that last line, you should probably stop reading.)

    Despite its approachability, “Pokémon Go” is actually a pretty complex game. So if you want to become a real Pokémon master, follow these tips.

    1. Hit those PokéStops

    PokéStops are your friend.
    PokéStops are your friend.

    PokéStops are landmarks on your map displayed as rotating cubes that transform into the Pokémon symbol when you get close enough. No, the absurdity of that last sentence is not lost on me.

    When you tap on a PokéStop with the Pokémon symbol, you’ll see an onscreen coin with a picture of the physical location of the stop. Swipe the coin to spin it, and it will spit out important in-game items like Pokéballs, potions, and Pokémon eggs that can hatch into powerful

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  • 3 business storylines to watch at golf's British Open

    The 145th Open Championship tees off on Thursday at Royal Troon Golf Club in Scotland, and this year there will be more going on under the surface than just golf.

    Also called the British Open, or, by golf fans simply The Open, it is the oldest of the sport’s four Majors. This year’s tournament comes at a time when the sport is in the news every day for reasons political, international and anything but typical.

    Olympic golf and Zika

    Golf will be an Olympic sport this summer, at the Summer Games in Rio, for the first time in 112 years, after the International Olympic Committee voted in 2009 to bring back golf for 2016 and 2020. But beginning back in April, golfers have been opting out of the Olympics. Many of them, including top-ranked stars like Jason Day, Dustin Johnson, and Rory McIlroy, have cited the Zika virus in Brazil as their reason for not going, but others have simply pointed to their schedule.

    As of July 10, at least 17 golfers (including just one woman) have pulled out of

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  • With summer officially here, people’s thoughts are turning to flip-flops, picnics, and… taxes?

    Maybe not, but in fact, there’s good reason Canadians may want to be thinking along those lines to maximize that return right now.

    “Tax planning should be done throughout the year,” says David Lee, Financial Advisor, BlueShore Financial. “If it’sleft to the last minute during the April tax season, you may be forgoing a lot of savings and benefits.

    “Tax planning is an integral part of any wealth-building strategy and taking the time to structure your affairs to minimize the amount of tax you have to pay will provide you with more money in your pocket,” he says. “Being proactive and making your finances a top priority will give you more time to think about your financial objectives.”

    Where to start

    Begin by looking at last year’s return. If you owed money, you can figure out whether this year's income will be more, the same, or less and implement some suitable tax strategies that are suitable

    Read More »from Why summer is the perfect time to start thinking about tax season
  • How you can invest in unicorn companies

    The IPO market is struggling to get a boost. Despite an uptick during the second quarter, 2016 is still on pace to be the worst year for U.S. stock debuts since the financial crisis.

    While that’s not exactly good news for the market, there’s one company that’s profiting from more companies remaining private. Atish Davda, co-founder and CEO of EquityZen, which describes itself as a stock market for private companies, told Yahoo Finance’s Alexis Christoforous in the video above that his firm is benefiting from the decline in early-stage IPOs.

    “Today Uber, Palantir, these companies are about ten years old. Most investors are tired of sitting on the sidelines, waiting for the private investors to make a lot of the value,” said Davda. “EquityZen came along and has gotten [accredited investors] access to these private companies with the companies’ blessings.”

    Here’s how it works: Shareholders of private companies can buy and sell equity in their companies through EquityZen’s platform.

    Read More »from How you can invest in unicorn companies
  • Crude plunge stalls stocks at all-time highs

    Stocks pause after a fast and furious run up to all-time highs. Will the old stumbling block crude oil be the next market hurdle? Catch The Final Round at 4 p.m. ET with Alexis Christoforous and Yahoo Finance editor-in-chief Andy Serwer.

    Winners and losers

    Stocks slipping into the red today include crafts retailer Michaels getting sliced on a big secondary offering, oil producer Hess dropping with other energy names as crude tumbles, and Yelp dropping as Wells Fargo downgraded the crowd-sourced review site on concerns of increased competition.

    Stocks on the move higher today include Juno Therapeutics as the FDA removed a clinical hold on a cancer drug trial, GNC jumping after DealReporter said the health goods retailer has attracted interest from Asian buyers, and Pandora in tune with investors after Piper Jaffray upgraded shares to overweight, citing improving profit margins and a new on-demand product.

    Street smarts?

    The average investor’s returns reportedly lag the long-run average

    Read More »from Crude plunge stalls stocks at all-time highs
  • When you’re starting a job search, you know to have your resume ready and to brush up on your interview skills. But don’t overlook the importance of solid references. When employers narrow the field to a few potential candidates, the reference check could be the deciding factor.

    And while assembling a reference list that will work in your favour is one thing, savvy strategies and proper etiquette can go a long way to helping you land that dream job.

    Choose wisely

    Pick people who can discuss your abilities that relate to the position—and then some

    “The ideal person should be someone who knows you and your work at your current or most recent employer,” says Sheryl Boswell, director of marketing at Monster Canada. “This person should also be able to speak to your work ethic, contributions, and the successes you’ve made in your professional role.”

    Work around potential trouble spots

    Let’s say you and your manager don’t exactly see eye to eye. There are alternatives.

    “If you feel

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  • image

    [Teens, why get stuck with a run-of-the-mill summer job when you can make your own?]

    While other teenagers her age were printing off resumes to clinch boring summer jobs, Jordana Petruccelli was out banging on doors in the neighbourhood looking for clients for her burgeoning photography business.

    “I’m just doing freelance work (starting) in the neighbourhood – portraits of people and pets and animals,” the 17-year-old told Yahoo Canada Finance. “My friends work summer jobs… I don’t really like doing that, I like doing my own thing – I really like the freedom.”

    In addition to family photo shoots and candid shots, she also recently photographed a series of events for her school Bishop Allen Academy in Toronto. The entrepreneurial teenager says she’s had around 15 clients, some paid, some volunteer.

    “I want to be a photographer so I thought this would be a good opportunity to start up now and see how it goes,” says Petruccelli.

    She says it helps to have the support of her parents who are both

    Read More »from Forget looking for summer jobs, these teens made their own
  • 6 ways to teach your kids the most important lessons about money

    Our children learn how to read and write in school, but teaching them about money is on you. Kids as early as age 3 can understand the basic concepts of spending and saving. Here are some fun ways to teach them how to be financially savvy.

    #1 The dime challenge

    How much do you think you’ll save by filling up a two-liter soda bottles with dimes? Depending on how the coins fall into the bottle, you should end up with between $500 and $700. It’s a fun way to teach them about the value of coins and shows them how to set goals and save for something special. In our family, we’re saving dimes for Disney World.

    #2 Give them interest payments on their savings

    To encourage your kids to keep their allowance in their piggy banks – instead of spending at least $20 on the latest Lego set –  give them interest on what they’re saving. A maximum of 5% should suffice, if you can afford it. Not only will this teach your children the concept of earning interest, but it will encourage them to control

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    Stocks (^DJI^GSPC^IXIC) are flat at the midday mark after three solid days of rallying. Utilities (XLU) are leading, with energy (XLE) in the red, being dragged down by crude oil. Keith Bliss of Cuttone & Co. joins us live from the New York Stock Exchange.

    To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance editor-in-chief Andy Serwer and Yahoo Tech founder David Pogue.

    The WSJ is playing it safe
    The Wall Street Journal is watching its step when it comes to Facebook.  While some publisher’s post their content directly to Facebook, the Journal only offers its technology stories. News Corp, which owns the Journal, says it refuses to “mortgage our future for the latest … seductive feature.”  At what point can we see a power shift to Facebook controlling media outlets?

    A Pokemon workout
    Could Pokemon Go be the secret fitness tool parents are looking for? Parents say their kids are walking, running and biking up to 10 miles a day to find

    Read More »from Billionaire media battle: WSJ's Rupert Murdoch vs Facebook's Mark Zuckerberg
  • Yahoo Finance is tracking the stocks you’re following, based on your Yahoo Finance ticker searches.

    Tesla (TSLA) – The electric carmaker has added a cheaper version of its Model X crossover. The new Tesla Model X 60D will start at $74,000, which is $9,000 cheaper than the other model.

    Valeant (VRX) – Sequoia Fund, once the largest shareholder in Valeant, has exited that position. In a letter the shareholders, the fund noted that it was no longer holding a position in the drug maker as of mid-June.

    Pandora (P) – Piper Jaffray upgraded the music-streaming service to overweight and raised its price target to $18. Piper Jaffray noted that the upcoming release of its new on-demand product could attract more than 9 million subscribers.

    McDonald’s (MCD) – The Financial Times is reporting that McDonald’s is struggling to attract bidders for the sales of its China and Hong Kong franchises.

    Fiat Chrysler (FCAU) – The automaker is giving up to $1,500 in rewards to hackers that can detect bugs in

    Read More »from Tesla to offer cheaper Model X; Sequoia Fund sells Valeant position; Pandora upgrade
  • Starbucks raised prices — these hacks will save you money

    Thanks to a recent price hike, your daily Starbucks (SBUX) visit just got more expensive.

    On July 12, the coffee giant raised prices on some of its items by as much at 30 cents. In a press release, Starbucks confirmed they were making “a small price adjustment” that would increase the cost of select brewed coffee by 10 to 20 cents. Espresso and tea lattes will see an increase of 10 to 30 cents.

    The rising cost of coffee around the world is one reason Starbucks has raised its prices, but the move also has to do paying employees. Just a day before the price hike, Starbucks announced it was giving their workers in US stores a 5% to 15% raise in wages starting in October. The company is also doubling the stock option awards for people who have worked at Starbucks for at least two continuous years.

    A few extra cents isn’t the end of the world, but if you buy a coffee every day, that 20 cents a day comes out to about $50 a year. While we can’t do anything about the prices, there are a few

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