The Daily

Social Security’s trust fund has a projected depletion date, and nervous investors are already doing the math on what it means for their monthly checks. But the instinct most people reach for first could quietly shrink their benefits for life.

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 » Read more about: 76% of U.S. Investors Fear Public Debt Will Cut Retirement Benefits. Social Security’s 2032 Shortfall Could Take $550 From a $2,500 Monthly Check  »

Investors have had plenty to celebrate over the past four years. The S&P 500 (^GSPC -0.30%) has gained nearly 115% since the fall of 2022, while the Dow Jones Industrial Average (^DJI -0.25%) has gained nearly 80%,

 » Read more about: Stock market highs don't predict a crash  »

Cryptocurrency prices fell on Friday after Binance reported a potential security issue and said more than $2.5 billion in assets had been frozen.

Bitcoin dropped to a six-week low of $77,646, ether fell to a two-month low of $2,238.76 and BNB, a token originally launched as Binance Coin that can be used to pay Binance fees,

 » Read more about: Bitcoin, cryptocurrency prices fall after Binance freezes assests worth $2.5 billion  »

The US economy grew faster than expected this summer, new data showed, but the strong economic reading right before next week’s midterm elections is unlikely to cheer Americans worried about rising inflation, analysts said.

“Voters don’t vote on GDP,” a Republican strategist told Bloomberg;

 » Read more about: US economy grows faster than expected  »

 » Read more about: Prediction: Wall Street’s Next AI Favorite May Not Be Nvidia  »

Elon Musk, billionaire investor Stan Druckenmiller and Bitwise Chief Investment Officer Matt Hougan all reacted on Thursday to the same deal. Intercontinental Exchange (ICE), owner of the New York Stock Exchange, plans to bring Hyperliquid’s round-the-clock markets to Americans.

Investors reacted fast. Hyperliquid’s token, HYPE, rose 19.9% to $95.89 in 24 hours,

 » Read more about: Musk and a Wall Street Billionaire Eye a Market Bitwise Says 99.9% of Americans Don't Know  »

Friday, October 30th.
Today’s Japanese stock market was in turmoil from the start! The Nikkei Average fell by nearly 1,800 yen at one point, with heavy selling seen primarily in semiconductor-related stocks. 😱

The backdrop for this is the sharp decline in US tech stocks. ⬇️
Following Alphabet,

 » Read more about: Nikkei Average Plummets! US Earnings Shock and the Future of Semiconductor Stocks  »

Four blue-chip Dow dividend payers just topped Wall Street’s third-quarter estimates, but their payout stories diverge sharply on yield, coverage, and growth. One just cut its quarterly check while another raised it 13.6%, and knowing which is which could reshape…

 » Read more about: 4 Dividend-Paying Dow Jones Industrial Stocks That Beat Q3 Estimates  »

NORMAN, Okla. —

The Oklahoma State Bureau of Investigation is warning people about a cryptocurrency scam after the perpetrators reportedly impersonated bank employees.

OSBI officials said a victim told the Norman Police Department that there was a transaction in her bank account related to the purchase of child sexual abuse materials.

 » Read more about: OSBI warns public of cryptocurrency scam after suspects reportedly impersonate bank employees  »

“Ripple is the name of a cryptocurrency, right?”

I suspect there are quite a few people who think that.

I understand the feeling of wanting to call it “Ripple” when talking about cryptocurrencies.

However, when I looked into it, I found some rather interesting information.

 » Read more about: Was Ripple not a cryptocurrency!? The differences between Ripple, XRP, and XRPL, and the mechanism that connects money  »