The explosion of online sports betting is taking a toll on personal finances, particularly among those who are financially distressed.That’s the conclusion of a recent paper, “Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households.” The authors found that sports betting has exploded since the Supreme Court overturned a federal…

A growing share of gym users is looking to build muscle, leading major fitness companies to refocus their efforts beyond cardio workouts.In fact, building muscle was the No. 1 goal for 2024, ahead of weight loss and general movement, according to Life Time’s annual survey of 3,000 respondents.Now, both Peloton…

Ford on Wednesday acknowledged America’s electric vehicle market just isn’t what the automaker expected it to be: Customers are increasingly price-conscious and range-anxious. So, Ford is making big changes to its EV plans, focusing on hybrids and affordability. The company announced Wednesday that it is adjusting its roadmap for North…

RLX Technology (NYSE:RLX) stock is still awarded a Hold investment rating. RLX’s second quarter revenue and earnings came in below expectations, but there are bright spots associated with China’s regulatory environment and the company’s R&D (Research & Development) capabilities. I looked at RLX Technology’s financial performance for the final quarter…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Experienced investors in China’s tech sector have seen this before. Walmart’s surprise plan to sell its stake in JD.com pushed shares of the Chinese ecommerce giant down more than 10 per cent…

Kamala Harris supercharged Democratic fundraising in July after taking over the top of the party’s presidential ticket, new federal filings show, helping erase what had been an emerging cash advantage for Republican nominee Donald Trump. The new filings also show independent presidential candidate Robert F. Kennedy Jr. facing dwindling campaign…

It is not a rare thing that as wealthy aging parents decline, some relatives seem to come out of the woodwork. They may not have spoken to Mom or Dad in years. But suddenly, they are so interested. They’ve learned one way or another that the parent is “losing it”…

Mortgage rates moved up a bit this week but are still at the lowest point they have been in more than a year. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage edged up to 6.49% this week from 6.47%…

Student loan forgiveness hasn’t helped a swath of borrowers who say they’re still in a tight spot financially, according to a recent Wall Street Journal report. The article, published Saturday, says that, of the more than 900,000 borrowers who have had their loans forgiven either entirely or in part through…

Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3-year loans and lower for 5-year loans when compared to fixed-rate loans for the seven days before. For borrowers with credit scores of 720 or higher who used the Credible marketplace…