AARP: Social Security Would Have Collected $10.8 Trillion More if the Economy Had Not Shifted
New AARP research says Social Security's shortfall grew because a shrinking share of the nation's income is subject to the payroll tax that funds the
Nov 14business50+Jobless Claims Tick Up to 200,000 but Layoffs Stay Rare
New claims for unemployment benefits rose to 200,000 last week but stayed low by historic standards. The report points to a steady job market with few
Nov 13business50+30-Year Mortgage Rate Falls to 7.18 Percent, the Third Straight Weekly Drop
Freddie Mac's weekly survey put the average 30-year fixed mortgage at 7.18 percent as of November 5, down from 7.24 percent. It was the third consecut
Nov 12business50+October Prices Rose 0.4 Percent, and a December Rate Increase Is Fully Priced
The Consumer Price Index rose 0.4 percent in October and core prices rose 0.3 percent. Traders have fully priced a quarter-point Federal Reserve incre
Nov 12business50+Stocks Bounce Back After a Rough Week, Easing Nerves for Savers
Stocks jumped more than 2 percent on Monday, November 9, after their worst week since the spring of 2025. The rebound is a reminder for savers near re
Nov 10business50+Hiring Picked Up in October, but Long Spells Without Work Are Rising
Employers added 165,000 jobs in October and the unemployment rate edged down to 4.1 percent from 4.2 percent in September. At the same time, more peop
Nov 9business50+Social Security Sends an Early November Check and Sets a Bigger Raise for 2027
One group of Social Security beneficiaries is being paid a day early this month because of the Veterans Day holiday. A larger cost of living raise of
Nov 8business50+Cleveland Fed Forecast Points to Faster Inflation Into the Fall
A nowcast from the Federal Reserve Bank of Cleveland, updated November 6, points to inflation picking up a little into the fall. For people on a fixed
Nov 7business50+Savings Accounts Still Reward Retirees as Top Yields Reach 4.70 Percent
Top high-yield savings accounts are paying up to 4.70 percent, far above the 0.38 percent national average, according to a November 6 report from Fort
Nov 6business50+Private Employers Added 86,000 Jobs in October as Hiring Picked Up
A payroll company's report shows private employers added 86,000 jobs in October, more than forecasters expected. The government's official jobs report
Nov 5business50+New Savings Bonds Offer Their Best Long Term Rate in 20 Years
The U.S. Treasury set new rates on its inflation protected I bonds, and the fixed rate is the highest it has been in 20 years. New bonds bought now ea
Nov 4business50+Federal Reserve Holds Interest Rates Steady, With the Next Decision Due in December
The Federal Reserve held its key interest rate steady in a range of 3.75 to 4 percent on October 28, 2026. As of November 2, the firm Clearbrook Globa
Nov 3business50+Social Security Raise Arrives in January, but Medicare Costs Will Take a Bite
Social Security benefits will rise 3.6 percent in January 2027, about $75 a month for the average retiree, but a higher Medicare Part B premium will e
Nov 2business50+U.S. Economy Grew at a 3.4 Percent Rate in the Third Quarter, Government Reports
The Bureau of Economic Analysis says the U.S. economy grew at a 3.4 percent annual rate from July through September, up from 2.2 percent in the spring
Nov 1business50+Mortgage Rates Ease for a Second Straight Week
Mortgage rates eased for a second straight week, with the 30 year fixed average slipping to 7.24 percent, The Mortgage Reports said on October 30. Rat
Oct 31business50+Stocks Fall Hard Friday as Technology Shares Drag Retirement Accounts Lower
Major U.S. stock indexes fell sharply on Friday, October 30, led by a steep drop in technology shares and in Intel. The slide can affect retirement ac
Oct 31business50+Fed Holds Interest Rates Steady as Inflation Rises to 3.7 Percent
The Federal Reserve kept its key interest rate in a range of 3.75 to 4 percent at its meeting on Wednesday, October 28. Inflation rose to 3.7 percent
Oct 30businessPlus500 Quarterly Revenue Increases 11%
Plus500 has announced an 11% increase in quarterly revenue. The company says it will meet expectations as a result of this growth.
Sep 30businessCharter Communications Announces Buyout Deal for Liberty Broadband
Charter Communications has announced a buyout deal for Liberty Broadband at terms above its previous proposal. The deal's specifics have not been full
Sep 30businessJobless Claims Remain Low
The number of jobless claims stayed low in the latest week. This indicates a stable labor market with minimal layoffs.
Sep 30businessEuropean Stocks Open Lower
European stocks started the day with losses after a weak finish on Wall Street. Computer outages also affected trading.
Sep 30businessBed Bath & Beyond to Reacquire Buy Buy Baby Brand
Bed Bath & Beyond is set to buy the rights to the Buy Buy Baby brand. This move will reunite the brand with Bed Bath & Beyond, its former parent compa
Sep 30
businessUS Economy Grew 2.2% in Second Quarter
The US economy grew at a rate of 2.2% in the second quarter, according to the Commerce Department. This growth rate covers the three-month period from
Sep 30businessKazatomprom Reports 17% Increase in Production
Kazatomprom has announced a 17% increase in production during the third quarter. The company's production growth is a significant development in the i
Sep 30businessVestas Wind Systems Stock Falls After Margin Guidance
Vestas Wind Systems' stock price has decreased after the company announced that its margins will be at the low end of its guidance. This update has im
Sep 30businessGeneral Motors Unveils Electric Cadillac Vistiq
General Motors has introduced a new all-electric Cadillac model called the Vistiq. The Vistiq has a range of 300 miles on a single charge.
Sep 30businessAmazon Reports Record Sales Over Thanksgiving Holiday Week
Amazon announced that it had its best-ever Thanksgiving holiday week in terms of sales and number of items sold. The company reported record-breaking
Sep 30
businessIHG Premier Credit Card Offers 4th Night Free Perk
The IHG Premier Credit Card provides a 4th night free perk, along with other benefits. This can significantly reduce the cost of hotel stays for cardh
Sep 30businessNobel Economics Prize Awarded to Three Researchers
The Nobel economics prize has been awarded to three researchers for their studies on the wealth of nations. The award recognizes their contributions t
Sep 29businessTrainline Boosts Guidance for Second Time in 2023
Trainline has increased its guidance for the second time this year. The company's updated forecast reflects its current performance and expectations f
Sep 29businessWingstop's Stock Falls 12% After Earnings Report
Wingstop's stock price dropped 12% after the company's profit fell short of estimates. The decline came after the company released its latest earnings
Sep 29
businessMortgage Rates Decrease to Just Above 7% on September 28
Mortgage rates have decreased but remain above 7%. The current rate is slightly lower than previous levels.
Sep 29business50+US Stock Futures and Bond Yields Decline
US stock futures and bond yields have dropped following reports of an update to Russia's nuclear doctrine by President Putin. This development has led
Sep 25
business50+Mortgage Rates Increase Amid Rising Bond Yields
Bond yields have reached their highest levels in 20 years due to inflation and rising government debt. As a result, mortgage rates are also climbing.
Sep 25
business50+Social Security Recipients May See 3.4% to 3.6% Benefit Increase in 2027
Estimates for the 2027 Social Security cost-of-living adjustment (COLA) range from 3.4% to 3.6%. This potential increase would surpass the 2.8% boost
Sep 23
business50+Mortgage Rates Rise Above 7% After Fed Increase
Mortgage interest rates have surpassed 7% following the Federal Reserve's latest increase. The rates had already factored in the anticipated hike from
Sep 19
business50+Federal Reserve Raises Interest Rates by a Quarter of a Point
The Federal Reserve has increased interest rates for the first time in three years. The move is intended to combat elevated inflation, which has been
Sep 17