US jobs market holds steady despite rate rises
Employers added 187,000 jobs in July and the unemployment rate was 3.5%.
2023-08-04 20:47
Warner Bros Discovery have saved in the “low $100 million range” as the actors’ and writers’ strike continues to cripple Hollywood.
Executives at Warner Bros Discovery have said their spending has plummeted in the past few months amid the Hollywood strikes.
2023-08-04 20:47
Google parent Alphabet slashes stake in trading app Robinhood
(Reuters) -Google-parent Alphabet has cut its stake in trading app Robinhood Markets by nearly 90%, a regulatory filing showed on
2023-08-04 18:58
Meme stock Tupperware jumps as debt restructuring deal fuels retail frenzy
Shares of Tupperware Brands surged 53.1% in premarket trading on Friday, after the kitchen storage container maker finalized
2023-08-04 18:48
Key trade loophole keeps cheap Chinese products flowing to US
By Katherine Masters NEW YORK The meteoric rise of shopping platforms selling Chinese-made goods, including Shein and Temu,
2023-08-04 18:26
Explainer-Moody's latest views on the US government: The last triple-A standing
By Davide Barbuscia NEW YORK Moody's remains the last of the three major credit rating agencies to maintain
2023-08-04 18:24
US businesses hoarding workers even as economy cools
By Timothy Aeppel When storms hammered California's farms last winter, Kevin Kelly knew his small factory outside San
2023-08-04 18:21
Economic worries could cost Biden some of his 2020 supporters -Reuters/Ipsos
By Jason Lange and Andrea Shalal WASHINGTON Many Americans who voted for U.S. President Joe Biden in 2020
2023-08-04 18:18
Soaring mortgage costs ‘affecting mental health of almost a third of people’
Almost a third of people in England and Wales said their mental health has been affected by soaring mortgage costs in the past year, according to new research. For people with existing mental health problems, nearly four in 10 said the rising costs had worsened their mental health. Mind, the UK’s biggest mental health charity, also said it had seen a 55% increase in the number of people contacting its Infoline over the last 18 months about financial difficulties, including welfare, unemployment and personal debt. The charity’s survey of 3,015 respondents across England and Wales in March and April came before Thursday’s news that the Bank of England had raised interest rates to 5.25% from 5%. The hike, which is yet another bid to get inflation under control, will put more pressure on mortgage holders. Mind’s survey – carried out by Censuswide – suggested that 29% of people had been affected by hearing about or experiencing increasing mortgage costs over the last year. Ten per cent said that it had affected their mental health a lot, the charity added. For people with existing mental health problems, some 36% said the increasing mortgage costs had made their mental health worse. Money problems and mental health often form a vicious cycle, and when we’re struggling to deal with one, the other can become much harder to manage, particularly when it threatens to impact our housing situation Vicki Nash, Mind The charity said younger people were particularly affected, with almost half (48%) of those aged between 16 and 24 saying that the mortgage situation had impacted on their mental health. Vicki Nash, Mind’s associate director of external affairs, said financial difficulties and mental health problems “often form a vicious cycle”. She said: “As we continue to grapple with the rising cost of living, news of yet another possible increase in mortgage rates will be difficult for many families to bear. “Money problems and mental health often form a vicious cycle, and when we’re struggling to deal with one, the other can become much harder to manage, particularly when it threatens to impact our housing situation. “We know some people are becoming so unwell that they need hospital treatment for their mental health. “When this happens the care they receive when they leave hospital is critical so we are calling for the introduction of comprehensive welfare checks, including of people’s financial situation. “These figures show this is a mental health emergency that everyone is going to need help to deal with. We know we can’t fix the cost-of-living crisis but support for your mental health is out there, and we are here for you. “This includes through Mind’s Infoline, online community, Side by Side and the useful information on our website that will be available throughout this difficult period.” Mind has a confidential information and support line which can be called on 0300 123 3393 between 9am and 6pm from Monday to Friday, or people can visit mind.org.uk. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live The devastating mental health impact of soaring mortgage costs Consuming foods with added sugars may increase risk of kidney stones – study Why TikTok is going wild for lip oil
2023-08-04 17:59
Amazon results boost U.S. futures ahead of jobs data
U.S. stock index futures rose on Friday as Amazon's better-than-expected earnings trumped Apple's tepid sales forecast, while investors
2023-08-04 17:58
Toyota, Pony.ai plan to mass produce robotaxis in China
BEIJING Toyota and partner Pony.ai are planning to mass produce robotaxis in China, setting up a venture this
2023-08-04 17:51
Exclusive-TikTok in talks to gain Indonesian payments licence
By Stefanno Sulaiman JAKARTA TikTok told Reuters it is in early-stage talks with regulators to obtain a payments
2023-08-04 16:29
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