The latest published reporting in this category.
After Thursday’s share price plunge on Wall Street, could the volatility be the start of a huge market meltdown? Global financial markets have been thrown into a tailspin as investors bet on an AI slowdown after the US midterm elections. This is not the first time stock markets have wobbled in recent months due to concerns over a tech bubble. But could this volatility be the start of a huge market meltdown? Continue reading...
Read moreRegulator’s initial ruling says algorithm ‘can be harmful’ and led young and vulnerable viewers ‘down rabbit holes they can’t easily escape’ TikTok has been charged by the European Commission with failing to protect users’ mental health by exposing them to a relentless stream of content that risks worsening eating disorders and anxiety in a case that strikes at its business model. Issuing a preliminary ruling on Friday, the EU regulator said TikTok’s algorithm “can be harmful” and was leading young and vulnerable users “down rabbit holes they cannot easily escape from”. Continue reading...
Read moreGlobal luxury fashion houses clear their stock from the embattled retailer, but smaller local businesses are at the bottom of the creditor pile
Read moreThe U.S. job market improved last month, according to a report from the Labor Department Friday. Employers added more jobs than forecasters had expected and the unemployment rate dipped to 4.1%.
Read more‘Low-hire, low-fire’ labor market shows sluggish growth but few layoffs, with an interest rate hike expected in December
Read moreOctober drop of 0.6% leaves average price of property at £296,285, says Lloyds, as high mortgage rates hit market UK house prices fell at the steepest rate in more than three years in October, marking the fourth consecutive monthly decline, as high mortgage rates hit the housing market. The average price of a typical UK property stood at £296,285 last month as prices unexpectedly dropped 0.6% compared with September, the steepest fall since the lender Lloyds recorded a 1.6% drop in August 2023. Continue reading...
Read moreDecision made in order for factory in Texas to be used for Cybercab, the carmaker’s self-driving taxi Elon Musk has announced that Tesla will wind down production of its Cybertruck, marking the end of a failed effort to take a chunk of the lucrative market for pickups in the US. The billionaire chief executive said production of the car would stop in about the middle of next year at the company’s factory in Texas in order to use the plant for the Cybercab, its self-driving taxi. Continue reading...
Read moreCabin upgrade comes as airlines compete for wealthy customers in race to the top of luxury travel Singapore Airlines has said it will offer the “largest double bed in the sky” as part of a S$2bn (£1.2bn) cabin upgrade as super-rich passengers demand ever greater levels of luxury travel. The first-class premium cabins will feature what the airline claims is “the largest double bed in commercial aviation”. Continue reading...
Read moreGold tends to go up when there's uncertainty in the economy. For a while, the price reflected that. But this week, it dropped from a nearly $5,600 in January to below $4,000. What's going on?
Read morePoor training and delayed responses leave farmers struggling to access useful market information.
Read morePlus, the king’s regret-without-liability statement on slavery, and getting mogged by Collins dictionary
Read moreEuropean shares tumbled on Friday as global investors grappled with uncertainty over AI stocks, following the Democrats’ sweeping victory in the US midterm elections. The drop is partly due to fears…
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