The last two months have been packed with memorable moments on Wall Street. We’ve watched the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) launch to record highs, borne witness to the world’s largest initial public offering, and observed a rare change in power at the Federal Reserve.
The Reserve Bank of Australia talking about what to do when interest rates are approaching zero and it needs to stimulate the economy seems naff given the cash rate’s general direction. Until you consider two things.
Historically, advanced economies cut rates by about 400 basis points during recessions. And the cash rate is at only 4.35 per cent.
» Read more about: Near-zero interest rates are closer than you think »
For seniors on Social Security, there’s perhaps no more important a number than the annual cost-of-living adjustment, or COLA. Without COLAs, beneficiaries would be pretty much guaranteed to lose out on buying power from year to year.
In 2026, Social Security benefits got a 2.8% COLA,
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At the midway point of 2026, resilience has become the theme for both the financial markets and the economy. The question is how long that can last.
Roughly 63 million Americans are now seven years away from an automatic 24% cut to their Social Security checks, and a new map from the Committee for a Responsible Federal Budget shows retirees in five Northeastern and Mid-Atlantic states stand to lose the most when the trust fund is depleted in late 2032.
In a 2019 interview, Buffett said that Berkshire Hathaway had never bought a new issue.
The longtime Berkshire chief has expressed admiration for Elon Musk.
SpaceX is too risky and highly valued to be a Buffett stock.
U.S. spot bitcoin ETFs have recorded $4.06 billion in net outflows this month, according to data from SoSoValue. It marks the largest monthly redemption on record, exceeding the previous high of $3.56 billion in February 2025.
Last week, the funds saw redemptions of about $1.79 billion, the second-highest weekly outflow since trading began in January 2024.
» Read more about: $4 billion gone. Spot bitcoin ETFs are on track for their worst month on record »