Consider planning your retirement assuming the 20% reduction in benefits. So, in the example above, your budget would consider monthly Social Security income of $3,322 instead of $4,152. That way, your budget is ready for the decrease if it happens.
You could also start claiming your benefits later.
» Read more about: 5 Biggest Shocks That Can Derail a Retirement Plan »
Another burst of selling in technology companies rattled Wall Street, dragging down stocks as investors questioned the outlook for the artificial-intelligence trade.
A rout in chipmakers extended into an eighth straight day – the longest retreat since 2008 – on worries over whether the build out of AI infrastructure has outrun the ability of firms to get a return on their investments.
» Read more about: Wall Street tumbles as worries about AI and high oil prices weigh »
The S&P 500 ended the session at 7,659.75, and the roughly 1.1% index headline understates the pain for investors concentrated in the tech-heavy corners of the market.
The Nasdaq Composite dropped 2.3%, more than four times the Dow Jones Industrial Average’s loss of about 0.5%. That gap shows the selling was aimed squarely at the crowded big-tech trade.
» Read more about: S&P 500 Closes Down 84 Points as Tech Stocks Lead the Selloff »
WASHINGTON — The Social Security Administration announced on Wednesday that recipients will receive a 3.6% increase in benefits in 2027.
The cost-of-living adjustment, or COLA, will begin for 72 million Social Security beneficiaries in January. It will apply for Supplemental Security Income, or SSI, recipients beginning on Dec. 31.
Some individuals receive both types of benefits.
» Read more about: OKLAHOMA VOICE: Social Security benefits increase will hit 3.6% in 2027 »
Skydance shares closed down 22% Wednesday to end the session at just over $7 after the company distributed warrants to investors. Apple shares rose but tech stocks and overall markets mostly ended in the red after a worse-than-expected September inflation reading sparked fears of higher interest rates that hit debt-heavy companies particularly hard.
By ALEX VEIGA, AP Business Writer
Stocks fell on Wall Street Friday as another pullback in big technology companies weighed on the market.
The S&P 500 was down 1.2% as of 3:14 p.m. Eastern time and on track for a weekly loss. The benchmark index pulled further below the all-time high it set last week.
» Read more about: US stock indexes are mixed as tech sector weighs on market »
Warren Buffett is universally regarded as one of the greatest investors of all time. The former Berkshire Hathaway (BRKA +0.70%) (BRKB +0.88%) CEO is heralded for his folksy quotes and investment wisdom, but when you get right down to the numbers,
Tesla stock jumped in premarket trade after it unveiled its much-hyped new Roadster.
The car won’t drive big sales, but it does show off Tesla’s tech chops.
Gene Munster, a longtime Tesla bull, called the launch “an engineering flex.”
October 16, 2026 | Investment Analysis of US Stocks, AI, and the Space Industry
Speculation regarding a merger between Tesla and SpaceX, both led by Elon Musk, is finally becoming a reality.
Analysts at major British financial firm Barclays, including Dan Levy, have pointed out the possibility that a merger could be announced by early December 2026.
Apple stock leads several Dow Jones stocks breaking out, nearing breakouts or regaining buy points in a defensive market rotation. Amid AI jitters, Apple (AAPL), Walmart (WMT), Coca-Cola (KO), Amgen (AMGN) and Travelers (TRV) were among Dow stocks making bullish moves. The others that stood out include Procter & Gamble (PG),
» Read more about: 9 Dow Jones Stocks Make Bullish Moves In A Defensive Market Rotation »
