Investors behaving badly

Finance professor Chi Liao’s background in mathematics often comes in handy in her line of work.

After all, both corporate and investment finance are built upon numbers. Yet financial reporting — balance sheets and cash-flow analysis — is not her area of interest.

In fact, her expertise has less to do with the numerical side of money and more to do with how our emotions affect how we manage our hard-earned cash.

“I’ve always been fascinated by people-watching and why it is we do what we do,” says Liao, who studied mathematics and finance before completing a PhD in behavioural finance from the University of Toronto in 2014.

Higher school taxes a preventable problem

Tens of thousands of Manitoba home and business owners face the prospect of permanent double-digit increases to the school tax portion of their property tax bills.

Why AI is poised to become Santa’s little helper this holiday

Dan Box tells ChatGPT about his kids all year long.

By the time the holidays roll around, his hope is that OpenAI's artificial intelligence-based chatbot will have gleaned enough about their hobbies and interests to identify the perfect gifts and where they're priced lowest.

"For years, I always felt stressed out by things like Christmas because I really wanted it to be great and I really wanted to buy great gifts, but it's always just so much work and time," said Box, a Vancouver-based gaming executive. "This feels easier and I like it."

The way Box is shopping is no anomaly. Consumers are increasingly turning to AI to recommend products, notify them of sales, help them make purchases and arrange deliveries.

Investment regulator funds program to help Indigenous youth manage settlement money

Sudden wealth isn’t a topic that would typically be part of a basic financial literacy course. It seems like even more of an odd fit for a new program for low-income Manitobans.

“We’ve been picking up on what people we worked with in the community have been asking about,” says Lisa Forbes, manager of social enterprise and fund development at SEED Winnipeg Inc.

Called “Sudden Wealth and Investing Basics,” the pilot is a response to what SEED has been hearing from Indigenous youth who may soon be recipients of legal settlements, she says.

These notably include a $530-million settlement to compensate children in care from 2005 to 2019 in Manitoba who had grant money unfairly clawed back and a $23-billion federal settlement over discriminatory child welfare practices and chronic underfunding.

Billie Eilish to billionaires: ‘No hate, but give your money away, shorties’

Billie Eilish wants billionaires to donate more.

As the Grammy and Oscar winner accepted the music award at this year’s WSJ. Magazine Innovator Awards on Wednesday night, she urged the ultra-wealthy to address more of the world’s issues.

“We’re in a time right now where the world is really, really bad and really dark and people need empathy and help more than, kind of, ever, especially in our country,” Eilish said to an audience that included Meta CEO Mark Zuckerberg and his wife Priscilla Chan, as well as “Star Wars” creator George Lucas. “I’d say if you have money, it would be great to use it for good things, maybe give it to some people that need it.”

Late night host Stephen Colbert introduced Eilish on stage at New York’s Museum of Modern Art by announcing that she would donate $11.5 million of the proceeds from her Hit Me Hard and Soft tour to causes dedicated to food equity, climate justice and reducing carbon pollution.

Black-led non-profit developer gets federal funds for affordable housing units in north part of city

A Black-led real estate developer has become the first in Canada to secure federal funding, paving the way for 30 affordable housing units within a new 72-unit development in north Winnipeg.

Non-profit Inuka Community Inc. received $23.3 million through the Affordable Housing Fund, administered by the Canada Mortgage and Housing Corp. The CMHC set aside $50 million specifically for Black-led organizations to help create more than 500 units.

The new rental complex at 1510 Main St., will include 30 one-bedroom, 30 two-bedroom and 12 three-bedroom units. Thirty of those units, in a mix of sizes, will be designated affordable and aimed at newcomers to the city, with available supports such as debt management, credit building and driver training.

“Lots of sleepless nights to get here,” said Naomi Gichungu, Inuka’s chief executive officer.

Domestic enrolment helped U of W’s fiscal health: president

The University of Winnipeg’s financial situation has stabilized following 10 months of cutbacks on the downtown campus.

“We’re confident we’ll have a balanced budget this year, and we’re very happy about that,” said Todd Mondor, the U of W’s president and vice-chancellor.

Mondor attributed the “stable” position to a rise in domestic enrolment and “better than expected” 2025-26 registration among international students.

An influx of cash has also provided some relief, he said. The province recently topped up the school’s annual funding by $2.5 million and it was gifted $5 million from the Mastercard Foundation.

Province to reimburse Brandon school division for evacuee costs

BRANDON — The Brandon School Division will receive financial support from the province to cover the cost of hosting wildfire evacuees in its schools, Education Minister Tracy Schmidt said Thursday.

“We encourage divisions to track… expenses and to be in touch with our department — many of them already have — and we will work with them to make sure that those expenses are covered,” Schmidt said.

In Brandon, 64 students from evacuated communities were enrolled in local schools on Thursday.

As a result, the division is paying for 8.5 additional substitute teachers, a bus driver and gas for a new route, and is buying extra equipment to take on the students, totalling a “rough estimate” of $100,000, the division said.

Better protection needed for urban trees

While you might have stopped and thought about the poetry of the trees that are a constant in the city of Winnipeg — big and small, sometimes healthy and other times failing, you probably haven’t thought about the value of a tree.

Why Winnipeg needs low-fare transit

Picture a single mother choosing between groceries and bus fare, or a youth not being able to access recreational activities because transit is too expensive. In a city where costs continue to rise, access to public transit shouldn’t be a luxury, but a daily necessity for survival.

Federal government says emails, phone numbers accessed in cyberattack

OTTAWA - The federal government says individuals' email addresses and phone numbers associated with Canada Revenue Agency, Employment and Social Development Canada and Canada Border Services Agency accounts were accessed in a cyberattack.

The Treasury Board of Canada Secretariat says the government was alerted to the cyber incident on Aug. 17 by 2Keys Corporation, the provider of a multi-factor authentication application used for the accounts.

The government says 2Keys Corporation discovered the incident, promptly informed the government and launched an investigation, which is being conducted with external cybersecurity experts.

Treasury Board says a routine software update caused a "vulnerability" that allowed a malicious actor to access phone numbers associated with CRA and ESDC accounts, and email addresses associated with CBSA accounts, linked to people who used the authentication service between Aug. 3 and Aug. 15.

Setting aside money for post-secondary education shouldn’t slip through budgeting cracks

Back-to-school time is hectic and costly for many families with fees, new clothing, supplies and extracurricular activities.

American Eagle counts new customers after Sydney Sweeney ad frenzy and shares soar

Shares of American Eagle Outfitters spiked 34% Thursday after the teen clothing retailer said the frenzy surrounding its Sydney Sweeney ad campaign drew new customers during its most recent quarter.

American Eagle rolled out its new new ad campaign starring 27-year-old actor over the summer. The fall denim campaign sparked a debate about race, Western beauty standards, and the backlash to “woke” American politics and culture.

Negative reactions centered on ads that used the word “genes” instead of “jeans” featuring the blonde-haired, blue-eyed actor known for the HBO series “Euphoria” and “White Lotus.”

But American Eagle did get noticed, executives said late Wednesday in a call after the Pittsburgh retailer posted second quarter earnings.

Artificial intelligence helps break barriers for Hispanic homeownership

For many Hispanics the road to homeownership is filled with obstacles, including loan officers who don’t speak Spanish or aren't familiar with buyers who may not fit the boxes of a traditional mortgage applicant.

Some mortgage experts are turning to artificial intelligence to bridge the gap. They want AI to help loan officers find the best lender for a potential homeowner's specific situation, while explaining the process clearly and navigating residency, visa or income requirements.

This new use of a bilingual AI has the potential to better serve homebuyers in Hispanic and other underrepresented communities. And it's launching as federal housing agencies have begun to switch to English-only services, part of President Donald Trump's push to make it the official language of the United States. His executive order in August called the change a way to “reinforce shared national values, and create a more cohesive and efficient society.”

The number of limited-English households tripled over the past four decades, according to the Urban Institute, a nonprofit research organization based in Washington, D.C. The institute says these households struggle to navigate the mortgage process, making it difficult for them to own a home, which is a key factor in building generational wealth.

Landlords can hike rent by 1.8 per cent in 2026, province announces

The Manitoba government will allow landlords a marginal rent increase when new rent guidelines take effect in January.

The province announced its updated rent-increase guideline for 2026, setting the maximum rate landlords can increase rent at 1.8 per cent — up from a rate of 1.7 per cent in 2025.

Landlords must send written notices of rent increases at least three months before they takes effect. For a rent increase on Jan. 1, therefore, renters must be notified of the change by Sept. 30, the province said in a news release Friday.

The guideline is updated annually and calculated using a formula based on Manitoba’s consumer price index, the province said. It applies to most residential rental properties, including apartments, single rooms, houses and duplexes.

NCAA partners with Venmo to assist athletes who face harassment on the payment app

Venmo announced a partnership Tuesday with the NCAA to support athletes who face harassment on the payment app, which has embraced its popularity on college campuses with school spirit-branded debit cards and an option for athletes to receive money from their school directly in the PayPal app.

The partnership includes a reporting hotline for athletes and the NCAA to call in potential cases of abuse, such as when former Auburn quarterback Payton Thorne said he received payment requests from angry sports bettors following a loss last season.

“The harassment we are seeing across various online platforms is unacceptable, and we need fans to do better," NCAA President Charlie Baker said in a news release. “We applaud Venmo for taking action, and we need more social media companies and online platforms to do the same.”

Venmo said it would provide a best-practices guide for athletes to “stay safe” on its platform.

bbno$, the Beaches warn approaching TikTok Canada closure will hurt homegrown artists

Several Canadian artists are worried about losing social media support that can make or break their careers as TikTok prepares to comply with a federal order to shut down its operations in Canada.

Not just Big Bird: Things to know about the Corporation for Public Broadcasting and its funding cuts

The Corporation for Public Broadcasting, which helps pay for PBS, NPR, 1,500 local radio and television stations as well as programs like “Sesame Street” and “Finding Your Roots,” said Friday that it would close after the U.S. government withdrew funding.

The organization told employees that most staff positions will end with the fiscal year on Sept. 30. A small transition team will stay until January to finish any remaining work.

The private, nonprofit corporation was founded in 1968 shortly after Congress authorized its formation. It now ends nearly six decades of fueling the production of renowned educational programming, cultural content and emergency alerts about natural disasters.

Here's what to know:

Google loses appeal in antitrust battle with Fortnite maker

SAN FRANCISCO (AP) — A federal appeals court has upheld a jury verdict condemning Google's Android app store as an illegal monopoly, clearing the way for a federal judge to enforce a potentially disruptive shakeup that's designed to give consumers more choices.

The unanimous ruling issued Thursday by the Ninth Circuit Court of Appeals delivers a double-barreled legal blow for Google, which has been waylaid in three separate antitrust trials that resulted in different pillars of its internet empire being declared as domineering scofflaws monopolies since late 2023.

The unsuccessful appeal represents a major victory for video game maker Epic Games, which launched a legal crusade targeting Google’s Play Store for Android apps and Apple’s iPhone app store nearly five years ago in an attempt to bypass exclusive payment processing systems that charged 15% to 30% commissions on in-app transactions.

The jury's December 2023 rebuke of Google's app store for Android-powered smartphones began a cascade of setbacks that includes monopoly judgements against the company's ubiquitous search engine last year and the technology underlying its digital ad network earlier this year.

Musk, a social media powerhouse, boosts fortunes of hard-right figures in Europe

ROME (AP) — Hard-right commentators, politicians and activists in Europe have uncovered a secret to expanding their influence: engaging with Elon Musk.

Take the German politician from a party whose own domestic intelligence agency has designated as extremist. Her daily audience on X surged from 230,000 to 2.2 million on days Musk interacted with her posts. She went on to lead her party to its best-ever electoral showing.

Or the anti-immigration activist in Britain, who was banned from Twitter and sentenced to 18 months in prison for contempt of court. Since Musk let him back on the platform in late 2023, he’s mentioned, reposted or replied to the billionaire more than 120 times on X — and gained nearly a million followers.

Even a little-known social-media influencer turned politician from Cyprus has benefited from the Musk effect. Before winning a surprise seat in the European Parliament, where he’s advocated for Musk, the influencer seemed to have one ambition: to hug the world’s richest man. He got his hug — and political endorsements. On days Musk has interacted with his account on X, the man’s audience exploded from just over 300,000 to nearly 10 million views.

Creating realistic deepfakes is getting easier than ever. Fighting back may take even more AI

WASHINGTON (AP) — The phone rings. It's the secretary of state calling. Or is it?

For Washington insiders, seeing and hearing is no longer believing, thanks to a spate of recent incidents involving deepfakes impersonating top officials in President Donald Trump's administration.

Digital fakes are coming for corporate America, too, as criminal gangs and hackers associated with adversaries including North Korea use synthetic video and audio to impersonate CEOs and low-level job candidates to gain access to critical systems or business secrets.

Thanks to advances in artificial intelligence, creating realistic deepfakes is easier than ever, causing security problems for governments, businesses and private individuals and making trust the most valuable currency of the digital age.

Like mother, like daughter: Sunshine Fund camp experience runs in the family

Peyton Toth is weeks away from graduating from Grade 3 and heading to summer camp for the first time.

And the bubbly outgoing eight-year-old will soon be on her way to Camp Arnes, on the western shore of Lake Winnipeg north of Gimli, thanks to the Sunshine Fund.

Peyton’s mom, Lindsay, said she knows firsthand the type of experience her daughter will get. Three decades ago, when she was eight years old, she went to camp for the first time — at Camp Arnes.

“I wanted her to go to camp so I began looking at the camps out there,” she said. “But I didn’t realize (camping fees) would be that much. It costs $800 for the week.