Retirees hoping for a substantial increase in Social Security benefits this year will likely be disappointed despite being on a track for record cost of living adjustment (COLA).
The latest forecast from the advocacy group The Senior Citizen League puts 2027’s COLA at 3.5%, the highest level in four years.
Oil prices spiked Monday on Middle East supply fears after Saudi Arabia closed a key pipeline, putting further upward pressure on inflation ahead of an expected Federal Reserve rate hike this week.
The prospect of higher US borrowing costs compounded a tech selloff that came after leaders of companies at the forefront of the Artificial Intelligence boom backed calls for a slowdown in development in the sector amid warnings that it could pose a threat to humanity.
» Read more about: Middle East supply fears lift oil prices as tech stocks slide »
AI-related stocks dropped sharply Monday after the CEOs of U.S. companies developing the most advanced AI models warned that the pace of development must slow to avoid threats to humanity.
Nasdaq e-mini futures fell 1.3% during Asian trade. Shares in ChatGPT-maker OpenAI’s investor SoftBank tumbled as much as 13.2% in Japan.
Anthropic CEO Dario Amodei called on AI companies Saturday to slow the rate at which they advance model capabilities amid mounting fears of misuse of artificial intelligence.
» Read more about: Calls for tapping brakes on AI development rattle tech stocks »
Tech stocks tumbled across Asia and US futures pointed lower on Monday after some of the world’s most powerful AI bosses called for the industry to slow development over safety fears.
» Read more about: Tech stocks slide as AI extinction warnings rattle markets »
The two US-listed products tracking Hyperliquid’s native token recorded $26.4M in combined net outflows for the week of September 7-11, 2026, the latest in a string of losing weeks that has trimmed the funds’ cumulative gains considerably.
Bitwise’s BHYP carried the heavier load of the selling pressure,
» Read more about: HYPE ETFs see $26M in net outflows last week as investor sentiment cools »
Mortgage rates are already reacting to bad news on multiple fronts, and the hits could keep on coming at this week’s Fed meeting.
For agents hoping to make up some ground after a less-than-ideal spring market, the latest economic indicators don’t offer a lot of cheer.
» Read more about: All eyes are on the Fed this week as mortgage rates climb »
The Federal Reserve appears ready to do something it hasn’t done in three years: raise interest rates. And the timing couldn’t be more politically combustible.
With the September 15-16 FOMC meeting approaching, markets are pricing in an 85-90% probability that the Fed will increase the federal funds rate by 25 basis points from its current 3.50%-3.75% range.
By Joey Frenette at The Motley Fool Canada
If you’re in need of more passive income (and, really, who couldn’t use an income boost amid inflation and the potential for further inflationary threats to cause the price of everything to keep rocketing higher over the foreseeable future?), perhaps it’s worth checking out some of the Canadian dividend exchange-traded funds (ETFs) out there with yields that are on the higher end of the range (in other words,
» Read more about: Which Canadian Dividend ETFs Pay the Most Right Now? »
Millions of Americans are due to receive their latest Social Security payment this week, with checks of up to $5,181 scheduled to go out on Wednesday.
Around 75 million Americans receive Social Security or Supplemental Security Income (SSI) benefits. Most Social Security beneficiaries are paid according to their date of birth.
» Read more about: Social Security Latest: Payment of up to $5,181 Arriving This Week »
Over the weekend, a 3,800-word essay from Anthropic (ANTH.PVT) CEO Dario Amodei sent a shockwave through the AI industry. And when OpenAI (OPAI.PVT) CEO Sam Altman agreed, it sent market watchers into a frenzy.
“Over the last few months,