The Daily Editor

Quick Read

• Social Security’s OASI Trust Fund faces depletion by 2032, potentially triggering a 22% across-the-board benefit cut without Congressional action.

• A shrinking worker-to-beneficiary ratio, now 2.9 to 1 compared to 5 to 1 in 1960, has been driven by longer lifespans and declining birth rates and is straining Social Security finances.

 » Read more about: Congress Has Six Years to Save Social Security: Here’s What’s at Stake  »

The Trump administration signed a nuclear cooperation agreement with Saudi Arabia this week, giving the kingdom a pathway towards enriching nuclear fuel and committing it to buying reactor technology from American firms. Congress now has 90 days to review the deal before it can take effect.

For Riyadh, the appeal goes beyond energy security.

 » Read more about: Saudi Arabia's US Nuclear Deal Aims to Free Up Oil Reserves as Economy Leans Beyond Crude  »

Cleveland-Cliffs (NYSE:CLF), an integrated flat-rolled steel and iron ore producer, closed at $10.96, up 15.98%. Quarterly results and upbeat guidance drove the gain; investors are watching second-half earnings and third-quarter adjusted EBITDA.
Trading volume reached 64.1 million shares, coming in about 223% above its three-month average of 19.8 million shares.

 » Read more about: Stock Market Today, July 23: Cleveland-Cliffs Stock Soars on Robust Steel Demand and Pricing  »

Gold Price today in Delhi
Standard gold (22 carat) prices in Delhi stand at Rs 1,07,312/8 grams while pure gold (24 carat) prices stand at Rs 1,17,056/8 grams.

Gold Price today in Mumbai
Standard gold (22 carat) prices in Mumbai stand at Rs 1,07,192/8 grams while pure gold (24 carat) prices stand at Rs 1,16,936/8 grams.

 » Read more about: Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex slumps over 550 points, Nifty below 23,700; auto, realty stocks struggle  »

Quick Read

• Buffett and the author keep buying GOOGL as Search grew 19%, Cloud surged 63%, and the stock still trades at just P/E 26.

• MSFT grows overall revenue at 18% versus Alphabet’s 63% cloud rate, and META has no cloud franchise,

 » Read more about: Warren Buffett’s Primary Reason for Buying Alphabet is Mine and Should Be Yours  »

FTSE 100 Live pre-open

London looks set to open in the red on Friday, with tech selling and oil topping $100 a barrel combining to darken the mood heading into the weekend.

Futures traders have the FTSE 100 called 40 points lower, building on Thursday’s 77-point decline to 10,639.

 » Read more about: FTSE 100 Live: London stocks called lower as Big Tech burns cash and oil hits $100  »

 » Read more about: Is Siemens Energy (XTRA:ENR) Trading At A Discount Or A Premium?  »

Learn how diagonal spreads offer strategic flexibility in options trading by combining varied strike prices and expiration dates. Master this tactic for bullish or bearish positions.

 » Read more about: Unlocking Diagonal Spreads: A Strategy Guide for Options Trading  »

Peter Boockvar, chief investment officer at OnePoint BFG Wealth Partners,

 » Read more about: Can the stock market sustain rising U.S. Treasury yields?  »

 » Read more about: Sandisk (SNDK) Stock Gains Attention As Memory Chip Stocks Rally In Tech Sell Off  »