The Daily Editor

The number of Americans who rely on Social Security retirement benefits for at least a portion of their retirement income is significant—as of September 2024, there were 54 million beneficiaries.

However, Social Security beneficiaries could have their benefits reduced in the future. Here’s what pre-retirees should know about the possible benefit cut and how to plan for it.

 » Read more about: Should I Be Saving for Retirement As Though Social Security Won’t Exist?  »

A commodities researcher at the banking giant Goldman Sachs thinks gold will surge to $4,000 per troy ounce by mid-2026. 

Daan Struyven, Goldman’s co-head of global commodities research, outlined the prediction in a new discussion with the energy-focused strategy firm Veriten.

Gold is currently priced at $3,310.74 per troy ounce.

 » Read more about: Goldman Sachs Predicts $4,000 Gold, Sees Precious Metal As Superior Stock Market Hedge to Bitcoin  »

 » Read more about: GameStop purchases more than $500 million in bitcoin in first crypto push  »

 » Read more about: Is T. Rowe Price Personal Strategy Balanced (TRPBX) a Strong Mutual Fund Pick Right Now?  »

The financial world is evolving at a very rapid rate. Perhaps the most impactful change in recent times has been the rise of cryptocurrencies and blockchain. Although Bitcoin and Ethereum, two virtual currencies, have gained traction, their volatility and technical nature tend to look daunting to most investors. This is where crypto mutual funds step in—a fresh and easy method of investing in the digital asset universe.

 » Read more about: Understanding Crypto Mutual Funds: A New Chapter In Decentralized Investing  »

 » Read more about: Quentin Tarantino’s right-hand man on the best financial advice the director gave him—and it aligns with Warren Buffett and Bill Gates  »

Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, Amazon Music, YouTube or wherever you find your favorite podcasts.

If railroads are a bellwether of the US economy,

 » Read more about: Railroad giant CEO: The economy isn't booming, but it's not in a recession  »

The Russian government can reach into the pocket of the population.

Difficulties in the Russian economy and new probable restrictions from the EU and the US may force the Russian authorities to resort to unpopular steps,

 » Read more about: “Repeats The Way Of The USSR”: Expert Named Scenarios For The Russian Economy Until The End Of The Year  »

NEW YORK (AP) — U.S. stocks are holding steadier a day after leaping back within a few good days’ worth of gains from its all-time high.

The S&P 500 was up 0.1% in early trading Wednesday.

The index has been charging higher as markets hope that the worst of the turmoil from President Donald Trump’s trade war may have passed.

 » Read more about: Wall Street holds steady as several retailers including Abercrombie report solid results  »

NEW YORK (AP) — U.S. stocks are holding steadier on Wednesday, a day after leaping back within a few good days’ worth of gains from its all-time high.

The S&P 500 was up 0.2% in early trading. It’s sitting 3.5% below its record after charging higher amid hopes that the worst of the turmoil caused by President Donald Trump’s trade war may have passed.

 » Read more about: Wall Street holds steady as the countdown ticks toward Nvidia’s earnings report  »