Social Security is facing a serious funding shortfall that will cause it to run out of money sooner than projected.
The Congressional Budget Office initially projected as of last year that Social Security would run out of money in 2033.
Now,
At the very least, I’d like to see 7,000 tested as support on a pullback than I can take advantage of. In the short term, probably more or less a market that you want to sit on your hands because the further it goes and the more that the FOMO builds, the more likely we are to have a pretty significant pullback.
Around 25% of the world’s daily supply of seaborne oil transits through the Strait of Hormuz. Iran effectively closed the waterway after direct attacks on its territory by the U.S. and Israel, which began on Feb. 28, leaving countries scrambling to avoid a global energy shortage.
The price of a single barrel of West Texas Intermediate crude oil soared to a 52-week high of around $120 in March,
» Read more about: Iran Just Delivered Incredible News for Stock Market Investors »
Netflix shares were down 10% in premarket trading Friday after the streaming giant reported a slight beat in first-quarter 2026 revenue but forecast lighter-than-expected Q2 sales and operating income.
For Q2, Netflix forecast revenue growth of 13% and operating margin of 32.6% (compared with 34.1% in the year-ago quarter);
» Read more about: Wall Street Remains Mostly Bullish on Netflix Stock Despite Softer Q2 Forecast »
By Niket Nishant and Avinash P
April 17 (Reuters) – Wall Street’s main indexes jumped Friday after investors cheered Iran’s decision to open the Strait of Hormuz following a ceasefire accord agreed in Lebanon.
Iran’s Foreign Minister Abbas Araqchi announced in a post on X that passage for all commercial vessels through the Strait of Hormuz was “completely open”
Big Tech stocks were on track to wrap a massive week on Friday, with shares of Oracle, Advanced Micro Devices and Microsoft set to post historic gains and benchmarks.
» Read more about: AMD, Oracle, Microsoft and the IGV lead a monster week for tech stocks »
Fear of missing out is fueling the rally, with Barclays pointing to FOMO as a key driver behind stocks pushing to new highs. U.S. and tech shares are leading the charge,
The competition between OpenAI (OPAI.PVT) and Anthropic (ANTH.PVT) doesn’t appear to be cooling off.
In a memo to staff published by The Verge, OpenAI’s chief revenue officer Denise Dresser outlined a number of priorities for the company’s sales org this quarter,
Wednesday marked a milestone for the S&P 500, which notched an all-time closing high of 7,022.95 — wiping out every point lost since fighting between the U.S., Israel, and Iran broke out in late February and topping the January peak that had stood as the prior record. The index rose 0.8% on the day.
» Read more about: S&P 500 closes above 7,000 for the first time »
