David Lidsky's Blog, page 6

Most employers offer mental health care benefits: that doesn’t mean they’re effective

According to a new study, most companies offer mental health benefits, but they aren’t checking to see if employees are using them or satisfied.

While most employers offer mental health care coverage as part of their health insurance packages, major gaps in care exist. According to new research, many employers aren’t sure how mental health care services are being used by employees.

Metro Mattress is closing stores and winding down operations: See the list of locations that will shutter

After seeking Chapter 11 bankruptcy protection last year, the bedding retailer plans to liquidate. Attempts to find a buyer were unsuccessful.

Thirteen months after filing for Chapter 11 bankruptcy protection, Metro Mattress Corp. is set to become the latest brick-and-mortar chain to wind down operations in 2025.

There will be 500,000 seasonal hires this holiday season. Half of them will work for Amazon

‘The cautious pace of announcements so far suggests that companies are not betting on a big seasonal surge,’ says a leading outplacement services firm.

Amazon will once again beef up its workforce in the fourth quarter to handle the expected shopping surge that comes with the holidays. This year, though, it could be responsible for nearly half of all seasonal hiring in the retail sector.

Lawsuit: New York is accusing Meta and Alphabet of spurring a youth mental health crisis

The complaint alleges the companies have fueled the social-media addiction machine.

The Big Apple is taking on the companies behind Facebook, Instagram, Snapchat, TikTok, and YouTube, accusing them of “public nuisance” and spurring a youth mental health crisis in the city. 

OpenAI partners with Broadcom to make an ideal AI chip (and get distance from Nvidia)

The chips the two companies develop will play a major role in the current massive buildout of AI computing power. 

OpenAI and Broadcom have formed a multibillion-dollar partnership to develop OpenAI-designed chips. 

Do you still need to pay taxes during a government shutdown?

The question is top of mind for many this week as almost half of IRS employees are furloughed, but the federal tax extension deadline is October 15.

If you are one of the millions of Americans who filed for an extension on your federal tax return back in April, you might be wondering if you still need to pay your taxes by October 15 because of the current government shutdown.

JPMorgan to invest up to $10 billion in U.S. national security

The investment is part of the bank’s $1.5 trillion, 10-year plan to facilitate, finance, and invest in industries critical to national security.

JPMorgan Chase will directly invest up to $10 billion in U.S. companies with crucial ties to national security.

‘KPop Demon Hunters’ costumes will dominate Halloween this year. Can retailers keep up with demand?

According to Google, all five of the most-searched Halloween costumes in 2025 are related to the animated movie. The cosplay competition will be fierce.

KPop Demon Hunters took over Netflix when it debuted in August. Next, it’s coming for Halloween.

Is Citi about to make crypto boring—and safe?

The 2026 launch of a crypto custody service could make digital assets feel less like a gamble and more like a checking account.

Crypto is here to stay—and you can take that to the bank. Citibank, perhaps.

Wall Street rebounds from Friday’s drop after Trump says ‘it will all be fine’ with China

The S&P 500 jumped 1.3% to recover nearly half its drop from Friday, which was its worst since April.

And back up goes Wall Street. U.S. stocks are rallying Monday after President Donald Trump said “ it will all be fine,” just days after he sent the market reeling by threatening much higher tariffs on China.