Social Security Beneficiaries Just Got Some Tough News About the 2027 COLA
Social Security beneficiaries will likely receive a smaller 2027 cost-of-living adjustment (COLA) than previous estimates suggested. The Senior Citizens League (TSCL), a nonpartisan senior group, recently updated its COLA forecast with new July data, lowering its estimate from 3.8% to 3.6%.
The COLA isn’t locked in yet, though. We have to wait and see what inflation does over the next month and a half before we know what next year’s benefit boost will look like,
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Read MoreDow Rebounds as Tech Weakness Offsets Falling Bond Yields
The Dow erased earlier losses and gained triple digits midday
Stocks are lower at midday as a drop in key tech names offset falling bond yields. The Dow Jones Industrial Average (DJI) is reversing earlier losses, now trading up 135 points, while the Nasdaq Composite Index (IXIC) is trading on the opposite end of the aisle,
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Read MoreSemiconductor stocks drag S&P 500, Nasdaq lower: AlphaCheck
Good morning. The Nasdaq and S&P 500 opened in the red as chip stocks came under pressure and investors awaited a new sanction campaign against Iran and a breakdown in US-Canada trade talks.
Here’s a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
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Read MoreWarren Buffett Says Peter Thiel Can Leave The Giving Pledge. That Was Always The Point.
Peter Thiel has been urging billionaires to reconsider the Giving Pledge, calling the philanthropic initiative an “Epstein-adjacent, fake Boomer club” and saying most signers he has spoken with regret joining. Warren Buffett, who helped create the pledge, has a remarkably uncomplicated answer for anyone who agrees with him: leave.
“If they don’t like it,
Read MoreThe Burst
How To Spot a 100% Winner
It wasn’t long ago that I highlighted Planet Labs as a stock with the potential to blast off. At the time it was sitting at $1.90 per share.
Fast forward to the present and Planet Labs has soared well above $4 per share and is now posting gains of over 100%.
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Read MoreThe Ivy
Uber’s Stock Is Down But Business Is Booming, Why It Might Be a Buy
Uber (NYSE: UBER) has had its fair share of ups and downs lately. After peaking last October, the stock took a hit on the heels of Tesla’s flashy Cybercab announcement, a move that spooked investors and led to a sustained selloff into year-end.
While the stock has been slowly clawing its way back,
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Read MoreThe Spotlight
Palantir Soared 20.5% But Is It Just The Start?
Palantir Technologies (PLTR) has been in business for 20 years but it’s only recently that it’s accomplished one of its most impressive feats to-date, tripling the number of users of its artificial intelligence platform in a single quarter.
That spike in demand translated to a spectacular Q3 that blew away Wall Street’s expectations.
» Read more about: Palantir Soared 20.5% But Is It Just The Start? »