The Daily Editor

Aug. 14 is the 90th anniversary of the Social Security Act, which ushered in an era of retirement security for older Americans. The program is facing a fiscal cliff, however, in a few years, it will no longer be able to pay full benefits unless policymakers make changes. The looming shortfall comes amid signs that more older people are relying on Social Security to make ends meet.

 » Read more about: As Social Security turns 90, a new survey shows that 65% of retirees rely on it  »

CoreWeave (CRWV) was teed up to let down investors last night.

And it did on several fronts.

First, the company’s net loss was much higher than consensus.

Second, capital expenditures were a whopping $1 billion higher sequentially.

 » Read more about: Stock market today: Dow, S&P 500, Nasdaq futures rise as Fed rate cut bets surge after inflation data  »

Airbnb (NASDAQ: ABNB) has decreased by approximately 11% over the past month—despite having an impressive Q2.

 » Read more about: What's Happening With Airbnb Stock?  »

Sensex Today | Stock Market LIVE Updates: Brigade Enterprises approved the allotment of equity shares under the ESOP schemes

The company’s paid-up share capital has increased from ₹2,44,42,75,800 to ₹2,44,48,30,400 following the aforesaid allotment.

Price as on 11.46.00 AM,

 » Read more about: Sensex Today | Stock Market LIVE Updates: Sensex gains 300 pts, Nifty above 24,600; metal and health stocks rally  »

Stocks climbed again Wednesday as cooling inflation boosted investor hopes for a Federal Reserve rate cut next month. Futures rose across all major indexes after Tuesday’s record-breaking rally, keeping bullish momentum alive.

Futures rise as investors eye rate cuts

By early morning, U.S. stock futures pointed higher:

• S&P 500 futures: +0.2%
• Nasdaq 100 futures: +0.2%
• Dow Jones futures: +107 points (+0.2%)

These gains followed a strong Tuesday session:

• S&P 500: Closed up 1.1% at 6,445.76 (new record)
• Nasdaq Composite: Gained 1.4% to finish at 21,681.90 (also a record)
• Dow Jones Industrial Average: Rose 483 points to 44,458.61
• Russell 2000: Jumped nearly 3% as small-caps gained favor

Investors responded positively to a cooler-than-expected consumer price index (CPI) report,

 » Read more about: Stock market climbs on inflation relief as investors bet big on Fed rate cut  »

The data analytics stock is up over 140% this year.

 » Read more about: Palantir Technologies Stock: Will It Hit a $500 Billion Valuation This Year?  »

Your retirement account might be getting a major upgrade. Here’s what crypto investors need to know about the new executive order that could change everything for 90 million 401(k) plans.

 » Read more about: 6 Things Investors Need to Know Before They Add Cryptocurrency to Their 401(k)  »

This big pharma company’s juicy dividend is looking even more attractive.

 » Read more about: 3 Reasons Pfizer's 7%-Yielding Dividend Is Getting Safer  »

Mutual Funds bought stocks worth Rs 45,400 crore in July, while their total cash and equivalents rose to Rs 1.85 lakh crore (5.46%) from Rs 1.82 lakh crore (5.34%) in June, according to Nuvama Institutional Equities.

The key additions across the mutual fund industry were State Bank of India (Rs 10,200 crore),

 » Read more about: ITC, MCX among top stocks bought and sold by mutual funds in July  »

 » Read more about: Why mutual funds are sitting on record cash piles  »