Social Security recipients are heading toward another increase in 2027, but the bigger story is becoming more complicated than a simple COLA boost.
Current forecasts suggest beneficiaries could receive a cost-of-living adjustment of roughly 3.5% to 3.6% next year, potentially giving retirees a larger monthly increase than they received in 2026.
The Dow Jones Industrial Average and other major stock indexes pulled back Wednesday, as Brent crude prices topped $101 a barrel for the first time since July amid the ongoing U.S.-Iran conflict. Oil-related stocks and exchange-traded funds pushed higher, as did names in metals. Also, AI play Lumentum (LITE) surpassed a buy point.
The Financial Accounting Standards Board published an accounting standards update Wednesday to improve how investment companies such as mutual funds can measure the fair value of an equity security that’s subject to a contractual sale restriction.
» Read more about: FASB releases standard for mutual fund fair value reporting »
» Read more about: Nvidia (NVDA) Stock: Expands AI Infrastructure Push With $3.1B Indonesia Deal »
ARK Invest, a US-based investment management firm, is so bullish on Bitcoin’s potential, according to a revelation disclosed by the company’s founder and CEO, Cathie Wood. In a podcast shared today, Wood revealed the company holds billions in Bitcoin in its strategic reserve,
The first wave of September’s Social Security payments are out.
If you were born between the first and 10th of the month, you should receive your check today, Sept. 9, according to the Social Security Administration.
Social Security payments typically arrive on Wednesdays and are based on birth dates.
» Read more about: Who gets their Social Security payment today? See 2026 schedule »
By Saqib Iqbal Ahmed
NEW YORK, Sept 9 (Reuters) – With two months until the U.S. midterm elections, the options market is showing a potentially toxic mix of fragility and fearlessness, with some analysts worried markets are ill-prepared to absorb any shock.
Despite recent bond market volatility, stocks remain near record highs,
» Read more about: Analysis-Fearless US stock market vulnerable to shocks as midterms loom »
Self-employed individuals face other tax realities, including a higher Federal Insurance Contributions Act (FICA) tax rate, which includes both Social Security and Medicare taxes. As Brokamp noted, “Self-employed workers are responsible for both the employee and employer portion of FICA taxes. In other words, employees of companies pay a 7.65% rate whereas the self-employed pay 15.3% (though one-half is deductible).”
Self-employment opens up plenty of tax deductions,
Warren Buffett spent his final years as Berkshire Hathaway CEO building what amounted to the world’s most expensive savings account. His successor just raided it.
Greg Abel, who officially took the top job on January 1, 2026, has burned through $32 billion in cash reserves in roughly six months,
A war in Taiwan would cause the biggest global financial crisis since the Second World War, the US has said.
Speaking weeks before Xi Jinping’s trip to Washington, a US official said that a conflict over Taiwan would bring staggering costs to the world, adding that the country needed to boost its defence capabilities.
» Read more about: Taiwan war would devastate global economy, US warns »
