Social Security’s 2027 COLA: There’s Good News and Bad for Retirees
There are many retirees who get most of their income from Social Security. Some retired folks even get 100% of their paycheck from those monthly benefits. For people in this boat, cost-of-living adjustment (COLA) announcements are important. In 2026, Social Security benefits got a 2.8% COLA. And many seniors are hoping for a more generous raise in the new year. » Read more about: Social Security’s 2027 COLA: There’s Good News and Bad for Retirees »
Read MoreAs Trump Escalates Trade War, Some Canadian Premiers Want to Hit Back
This week President Trump signed an order imposing 50 percent tariffs on a wide array of Canadian exports in retaliation for Canada’s retaliation on his earlier tariffs, and some Canadian premiers were soon urging even more revenge.
[Read: Trump to Impose 50% Tariff on Many Canadian Goods]
[Read: Trump Is Squeezing Canada.
» Read more about: As Trump Escalates Trade War, Some Canadian Premiers Want to Hit Back »
Read MoreWill New Fed Chair Kevin Warsh Shock the Market and Deliver a Surprise Rate Hike at the Fed's July Meeting?
The Federal Open Market Committee’s (FOMC) July meeting has officially begun and will conclude on Wednesday, July 29, with a decision on interest rates, followed by a press conference with new Fed Chair Kevin Warsh.
It will only be Warsh’s second meeting as chair, but a lot has already happened in his tenure.
Read MoreHow to build your mutual fund portfolio at 40: Experts share the right allocation and common pitfalls
Whether you’re investing in mutual funds for the first time at 40 or have been investing for years, this is the right time to reassess your portfolio. With 15–20 years to retirement and potentially lower financial liabilities, you still have ample opportunity to build long-term wealth.
For a 40-year-old investor with 15 to 20 years left until retirement,
US economic growth slows unexpectedly in second quarter
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Horizon Portfolio Management head Zachary Hill and SlateStone Wealth chief market strategist Kenny Polcari discuss how the market will be impacted by the Federal Reserves decision to leave interest rates unchanged on The Claman Countdown.
This story about the advance estimate of second-quarter GDP will be updated with further details.
» Read more about: US economic growth slows unexpectedly in second quarter »
Read MoreThe Burst
Will Markets Go Up Now That Trump Is President?
Donald Trump was the first president in modern U.S. history to take office without holding a prior public office or serving in the military. This non-traditional path to the White House came with a distinctly corporate approach to economic and fiscal policy, one that both excited and unnerved investors in equal measure.
Key Points
- Trump’s focus on tax cuts,
» Read more about: Will Markets Go Up Now That Trump Is President? »
Read MoreThe Ivy
Is David Tepper Seeing Cracks in Nvidia’s Armor?
David Tepper has trimmed his Nvidia stake which looks to be some profit-taking at first glance but we’re not so sure. Dig deeper, and you’ll find breadcrumbs that suggest this move may be more than routine rebalancing.
Beneath the headlines one pattern stands out like a sore thumb, David Tepper keeps dumping Nvidia,
» Read more about: Is David Tepper Seeing Cracks in Nvidia’s Armor? »
Read MoreThe Spotlight
Spotlight: 1 Gaming Stock The Kids Flocked To
While investors are paying attention to Presidential debates, global conflicts, and inflation, kids have their attention somewhere else, and for many adults an opportunity lies unearthed as a result.
Roblox is a gaming platform that has resonated with kids, teens and young adults in particular. While revenues absolutely mushroomed higher during the 2020-21 period for obvious reasons,
» Read more about: Spotlight: 1 Gaming Stock The Kids Flocked To »