As the cost of living continues to rise, news of an anticipated Social Security benefit increase is a relief for millions of retirees and disabled workers in the United States. According to the Senior Citizens League (SCL), Social Security’s cost-of-living adjustment (COLA) is expected to jump by 3.2% in January 2024. This adjustment should raise…
In 2024, Delta Air Lines is initiating a major transformation of its SkyMiles program with substantial changes that address overcrowding in their lounges and simplify the elite status qualification process. In this article, we’ll dive into the details of Delta’s SkyMiles overhaul and explore how it will affect frequent flyers in 2024. To qualify for…
California’s fast-food industry is set to experience a landmark change in the coming months. Over half a million workers, from In-N-Out fry cooks to McDonald’s managers, are now on the brink of receiving a substantial bump in their salaries. This article details the new development spearheaded by labor unions and corporate interests, which sees the…
On Wednesday, 10:07 AM EDT, American (AAL) was down 4.25%, Spirit (SAVE) tumbled 2.66%, and Alaska Air (ALK) lost 2.38%. In the commodities market, West Texas Intermediate crude (CL=F) traded 0.4052% higher while Brent crude futures (BZ=F) gained 0.3041%. Stocks for two major U.S. airlines, American Airlines Group Inc (AAL) and Spirit Airlines Incorporated (SAVE),…
In the ever-evolving landscape of antitrust regulation, one name has stood out prominently in recent years – Lina Khan. With her groundbreaking 2017 Yale Law Journal article titled “Amazon’s Antitrust Paradox,” Khan highlighted the shortcomings of traditional antitrust laws in addressing the dominance of tech giants like Amazon. Fast forward to today, and Lina Khan…
 Claiming Social Security early can provide additional income for people who are in need of extra money at a younger age. However, there are drawbacks: 1. Taking Social Security benefits early will result in lower monthly payments and therefore a lower overall lifetime benefit than if you wait until full retirement age (67). 2. There…
Instacart, the grocery delivery service, went public on the New York Stock Exchange in late 2021. The debut was one of the most highly anticipated of the year, and it’s been a huge success. The company’s market capitalization has skyrocketed to more than $30 billion, making it one of the most valuable tech companies in…
The Nasdaq Composite Index, known for its tech-heavy composition, recently experienced a 1% decline that sent shockwaves through the stock market. This drop was primarily driven by Oracle’s disappointing performance, coupled with concerns about Apple’s new product release. In this article, we’ll delve into the details of this market downturn and its implications for investors…
The Federal Reserve’s monetary policy plays a critical role in controlling inflation, which is the rate at which prices for goods and services increase. Recently, the U.S. has seen increases in inflation due to various factors, such as a decrease in the unemployment rate and increasing global demand for goods and services. As a result,…
In a highly anticipated event at Apple Park, Cupertino, California, Apple unveiled its latest innovations, including the iPhone 15 series, a new Apple Watch, and updated AirPods. This article delves into the exciting announcements and what they mean for consumers. Apple iPhone 15 Series: A New Era in Smartphone Technology Apple’s iPhone 15 lineup made…
The SECURE 2.0 Act is a new piece of retirement legislation that was recently passed into law. This act makes several changes to the way employers must handle 401(k) catch-up contributions. These changes are designed to make it easier for employees to save for their retirement in a tax-advantaged way, and to encourage greater participation…
As the leaves begin to change and pumpkin spice lattes make their triumphant return, it’s also time for investors to reassess their tech stock portfolios. In this series, we’ll delve into the fascinating world of the “Magnificent Seven” tech giants, starting with the iconic Apple Inc. Is Apple still a growth company, or has it…
In the ever-evolving landscape of global finance, regulatory measures play a pivotal role in shaping the stability and resilience of banking institutions. Recently, the CEO of JPMorgan Chase, Jamie Dimon, voiced his concerns about a new proposal that would require US banks to bolster their capital buffers. In this article, we delve into the details…
In the midst of rising credit card delinquencies, Goldman Sachs’ recent findings have painted an unexpected picture of the American consumer landscape. While concerns of a consumer slowdown persist, it turns out that lower-income consumers are defying the odds. In this article, we delve into Goldman Sachs’ insightful analysis of 26 retailers and their consumer…
Tesla, the leading electric car company in the world, has been making major progress in developing artificial intelligence (AI) capabilities to power its vehicles. Tesla’s Dojo supercomputer is an AI system that could turbocharge the company’s already impressive growth. By leveraging Dojo’s unique capabilities, Tesla could potentially generate upwards of $500 billion in revenue over…
Robert S. Kaplan, the chief strategist at Oppenheimer Market Intelligence, has warned investors not to underestimate the potential impact of inflation on the stock market. In a recent note, he wrote that with inflation rising more quickly than expected due to the rapid expansion of the money supply, investors should be aware of the risks…
The holiday season is a magical time, but it can also be financially stressful. According to a recent Bankrate survey, 50% of holiday shoppers are planning to start their holiday shopping before Halloween. This early start may seem surprising, but it’s a strategic move to alleviate the financial burden that often accompanies the festivities. In…
The world of retail, especially in the grocery sector, is a delicate balance influenced by numerous factors. Kroger, a major player in the industry, recently posted fiscal second-quarter sales that fell short of expectations. While the company reaffirmed its full-year outlook, it anticipates that slowing inflation will lead to decreased revenue. In this article, we’ll…
The Consumer Price Index (CPI) and Its Impact on the Economy In the world of economics, few acronyms carry as much weight as CPI. The Consumer Price Index is a critical indicator that provides insights into inflation trends, helping economists, investors, and policymakers make informed decisions. In this article, we’ll delve into the historical trends…
As we step into the first full trading week of September, investors brace themselves for a series of pivotal events that promise to influence financial markets. From crucial inflation data and Apple’s highly anticipated product launch to looming labor negotiations, this week is set to be anything but ordinary. Inflation on the Radar Rising Inflation…