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» Read more about: What’s the average Social Security payment for May 2025? Plus: Changes for 2026 »
The 2025 Social Security Trustees Report has not yet been released, however, there are a lot of things that are worth looking at to help federal employees understand the role that Social Security will play in their retirement planning.
With so many federal employees retiring and facing significant downsizing, it is more important than ever to reevaluate the retirement plans that you had in place last year,
Stocks rose Thursday after President Donald Trump announced a trade deal framework between the U.S. and United Kingdom, the first major agreement hatched since the U.S. launched pre-emptive tariffs on most of the globe earlier this year.
The Dow Jones Industrial Average gained 523 points, or 1.3%. The S&P 500 rose 1.3%,
LONDON – The Bank of England on May 8 cut its key interest rate by a quarter point to 4.25 per cent as the threat of US tariffs starts to weigh on economic growth.
The central bank’s fourth such reduction in nine months, which had been widely expected by markets, contrasts with a decision by the US Federal Reserve on May 7 to freeze borrowing costs.
» Read more about: Bank of England cuts interest rate as US tariffs hit economy »
Coinbase exchange is entering a record deal to acquire crypto options trading platform Deribit for $2.9 billion — the highest for a crypto company. In addition to options trading, the exchange plans …
» Read more about: Coinbase acquires options broker Deribit in sweeping $2.9 billion deal »
By FATIMA HUSSEIN and AMELIA THOMSON-DEVEAUX
WASHINGTON (AP) — As the Social Security Administration undergoes massive changes and staffing cuts ushered in by the Trump administration, an increasing share of older Americans — particularly Democrats — aren’t confident the benefit will be available to them, a poll shows.
Warren Buffett
Etienne DE MALGLAIVE/Gamma-Rapho via Getty Images
At least on Japan, Warren Buffett’s investment strategy seems to be of the better-late-than-never variety.
It was only after 60 years in the investment game that the Oracle of Omaha finally worked his way to Asia’s second-biggest economy.
» Read more about: Warren Buffett’s Parting Gift To Japan Is Economic Gold »
The United States has agreed a trade deal with the UK – with tariffs on some car imports having been cut to 10% – but hopes tariffs would be lifted on most British goods imported to the US have been dashed.
Currently, most goods imported to the US from the UK face 10% tariffs,
» Read more about: UK-US trade deal announced: US cuts tariffs on UK car imports to 10% »
President Donald Trump’s tariff plans will hurt some companies while helping others. Apple (NASDAQ: AAPL) is one that is getting hurt,