Could Donald Trump's upcoming plans accelerate the insolvency on Social Security benefits? What to know
Social Security, a program millions of Americans rely on for retirement, faces insolvency as early as Fiscal Year (FY) 2034, according to the Congressional Budget Office (CBO). Without reform, beneficiaries could see a devastating 23 percent reduction in benefits. Addressing this issue would require cutting benefits by 24 percent across the board or raising revenue by 35 percent over the next 75 years.
Read MoreStock Market Today: Dow futures extend losses after 697-point tumble as yields rise; S&P 500 election games may be wiped out; Oil climbs
U.S. stock futures fell Monday, as bond yields rose on inflation concerns that put in jeopardy the gains made since Republicans swept to power in the November elections.
Dow Jones Industrial Average futures fell 160 points, or 0.4%, to 42000.
S&P 500 futures dropped 55 points,
How Sirius XM Stock Could Dive To $10
LOS ANGELES, CALIFORNIA – JANUARY 10: Kylie Wing appears on the “Jeff Lewis Live” radio show at … [+]
Getty Images
Sirius XM Holdings stock (NASDAQ: SIRI) has declined by about 60% this year,
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Read MoreWarren Buffett names successor: Top 10 things to know about heir and middle child Howie Buffett
Investment guru and Berkshire Hathaway‘s Co-founder, Chairman and CEO, Warren Buffett, 94, has named his successor — middle child Howard, aka Howie Buffett, 70, to a non-executive role in the company. We take a look at who Howie is, why he was chosen and the top things you need to know about him.
U.S. economy poised to lead the global pack in 2025, IMF says. Here's why.
By Jeffry Bartash
Trump White House to have big influence on world economy
The U.S. economy has separated itself from the global pack – and its lead could widen in the new year.
That’s the upshot of a new forecast by the International Monetary Fund, the organization created at the end of World War II to support the global economy.
» Read more about: U.S. economy poised to lead the global pack in 2025, IMF says. Here's why. »
Read MoreThe Burst
Market Commentary: The Perfect Portfolio Revealed
Picking stocks is hard enough but how do you decide what amount to allocate to each stock? Portfolio construction is an art unto itself. Done well, a portfolio can withstand economic storms. Done poorly, the results can be catastrophic.
For two contrasting perspectives, look no further than Berkshire Hathaway versus ARK Invest during 2022.
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Read MoreThe Ivy
Buffett’s Top Dividend Stock Will Surprise You
If you look down the list of dividend stocks that Warren Buffett’s Berkshire Hathaway owns, the highest yielding one will surprise you and it’s not apparent at first glance.
A cursory examination of his portfolio would suggest that the highest paying dividend stock is Citigroup, which pays a 4.3% yield and represents a 0.7% stake.
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