Social Security alert: Major senior citizens group issues warning as $ 500-a-month cuts loom
One of the country’s largest senior citizen groups is speaking out against a new plan to save Social Security.
AARP said the Protecting Retirement Opportunities and Maintaining Income Security for Everyone, or PROMISE, bill introduced by Sens. Duck Durbin, D-Ill., Bill Cassidy, R-La., and six other lawmakers would remove public input from its important role in reforming Social Security.
Read MoreDow and Nasdaq stock set for another mixed open ahead of Fed decision
US market liveblog: stocks set for mixed open ahead of Fed decision
US stocks are set for a mixed open on Wednesday as investors look ahead to the Federal Reserve’s latest interest-rate decision, while renewed tensions in the Middle East and continued pressure on semiconductor stocks cloud the mood.
» Read more about: Dow and Nasdaq stock set for another mixed open ahead of Fed decision »
Read MoreMicron Stock: Buy When There's Blood In The Streets (Rating Upgrade)
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Read More1 Unstoppable Growth Stock That Could Soar if a Bear Market Is Coming
The stock market has experienced significant volatility this year, as geopolitical tensions in the Middle East, rising inflation, concerns about potential interest rate hikes, and elevated valuations have set investors on edge. As a result, the S&P 500 is down 3% from its recent record high at recent prices, while the Nasdaq-100 is down by 9%.
» Read more about: 1 Unstoppable Growth Stock That Could Soar if a Bear Market Is Coming »
Read MoreDow Posts Its Worst Day Of The Year After Federal Reserve Maintains Interest Rates
Topline
The Dow Jones Industrial Average tumbled to its worst day of the year Wednesday, falling over 2% after the Federal Reserve left interest rates unchanged as central bank officials have appeared conflicted on how to handle mounting inflation concerns.
The Burst
Why the Swoosh Might Be Turning the Corner Fast
Analysts had written off Nike heading into its latest earnings report. The previous quarter was a mess, sales fell 10%, inventories piled up, and the brand that once defined performance and style looked a little out of step with both.
Yet this quarter, Nike did something investors didn’t expect by starting to look like Nike again.
» Read more about: Why the Swoosh Might Be Turning the Corner Fast »
Read MoreThe Ivy
Has This Mag 7 Stock Got More Fuel In the Fire?
Amazon shares surged nearly 9% within a week of its latest earnings report, extending a 31% gain over the past year.
The strong results reignited investor confidence but the real story goes beyond quarterly numbers to Amazon’s growing role at the center of the AI boom.
Key Points
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Amazon’s earnings beat was impressive,
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Read MoreThe Spotlight
Why This Schwab ETF Is a Favorite Among Retirees
For retirees or anyone focused more on stability than swing-for-the-fences growth, the S&P 500 isn’t always the most comforting choice. It’s heavily weighted toward large-cap tech names, and when those names fall out of favor, the whole index can wobble.
That’s why many investors approaching retirement gravitate toward dividend-focused funds. And one ETF in particular has emerged as a go-to is the Schwab U.S.
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