The Daily Editor

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For millions of older Americans, there’s an important announcement that comes through every October — news of a cost-of-living adjustment, or COLA, for Social Security.

Social Security COLAs are tied directly to inflation. And their purpose is to help seniors maintain their buying power from year to year as prices rise.

 » Read more about: Social Security's 2027 Cost-of-Living Adjustment (COLA) May Be Higher Than 2026's. Don't Celebrate That Just Yet.  »

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A new analysis finds that a 10% credit card interest rate cap would shrink access to credit, affecting well over 100 million American cardholders in the process.

 » Read more about: Credit card interest rate cap could reduce access for over 100 million Americans, analysis finds  »

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 2.8% in the afternoon session after the announcement that the Strait of Hormuz is “completely open,” provided massive relief.

For manufacturers, lower energy prices reduce the heavy industrial costs associated with steel production and assembly plant operations. This allows carmakers to preserve margins even as they navigate the transition to newer technologies.

 » Read more about: Tesla (TSLA) Stock Trades Up, Here Is Why  »

The State Street SPDR S&P 500 ETF Trust (SPY +1.21%) and the Invesco QQQ Trust (QQQ +1.29%) differ most in sector concentration, cost, and recent returns, with QQQ leaning into tech and SPY offering broader diversification and a higher yield.

 » Read more about: 2 Legendary ETFs, Built for Very Different Investors: SPY vs. QQQ  »

The U.S. SEC and CFTC have classified XRP as a digital commodity, but the Polymarket contract for XRP surpassing $1.80 by April 19 sits at just 0.3% YES.

The classification allows XRP to be listed on U.S. exchanges, makes spot ETFs possible, and supports bank-grade custody. XLM lacks comparable regulatory approval or institutional access.

 » Read more about: XRP classified as digital commodity, enabling US exchange listings and ETFs  »

As Akshaya Tritiya approaches, you’re likely facing a familiar yet increasingly complex question—should you stick with gold, or consider diamonds this year? Traditionally, the festival has been synonymous with gold buying, but with prices now hovering around Rs 1.52 lakh per 10 grams, your decision may not be as straightforward as before.

 » Read more about: Akshaya Tritiya 2026: Gold or diamonds — what makes sense for your money, investment?  »

Key Points

• Nebius is a leader in AI infrastructure.

• Bank of America hiked its price target on Nebius stock.

• Investors should remain skeptical of analysts’ price targets.

After ripping higher last week,

 » Read more about: Why Nebius Group Stock Is Soaring This Week  »

By CHRISTOPHER RUGABER and JOEY CAPPELLETTI, Associated Press Writers

WASHINGTON (AP) — President Donald Trump’s nominee to run the Federal Reserve, Kevin Warsh, is likely to face tough questions about his vast financial holdings at a hearing next week by the Senate Banking Committee.

Massachusetts Sen.

 » Read more about: Federal Reserve nominee Kevin Warsh faces Senate scrutiny over financial holdings  »