Your Social Security check will rise 3.6% next year, but will it be able to keep up with inflation?
The COLA is aimed at helping about 68 million beneficiaries keep pace with inflation.
The COLA is aimed at helping about 68 million beneficiaries keep pace with inflation.
CoreWeave Inc.’s bonds have plunged to levels that typically indicate distress, in a swift move that has caught the attention of Silicon Valley leaders including Chamath Palihapitiya and Elon Musk.
Oil output from the United Arab Emirates climbed to record levels last month, the International Energy Agency said, underscoring its resilience during the Iran war and liberation from OPEC+ limits.
“I worry about healthcare, long-term care, inflation, a long bear market and living to 95.”
Top memory-chip providers have ample room to raise prices further, but Musk thinks Micron isn’t squeezing its customers to an excessive degree.
US Treasuries slumped after hotter-than-expected inflation prompted traders to add to wagers that Federal Reserve officials will raise interest rates later this month and next year.
David Rosenberg, Founder of Rosenberg Research, and Jim Bianco, Founder of Bianco Research, react to September CPI. (Source: Bloomberg)
Read MoreCommodities & Futures News
The government of Mauritius will impose a curfew for a second night across the island’s main population centers after the worst unrest since 1999.
On this episode of Stock Movers:
– BlackRock (BLK) shares are responding to this morning’s earnings. BlackRock reported assets under management that met the average analyst estimate and adjusted EPS and Sales beat estimates.
– ASML (ASML) shares are rising this morning after the company said it’s searching for ways to produce more chip-making machines over the next two years due to soaring artificial intelligence spending. ASML said its current supply plans mean it won’t be able to fully meet demand in 2027 and 2028, and it’s investigating ways to increase capacity for 2028 beyond the 30% increase previously communicated. (Source: Bloomberg)