The annual cost-of-living adjustment (COLA) for Social Security beneficiaries is set to be revealed soon, and projections indicate a modest increase that may underwhelm many retirees. The anticipated COLA of 2.5% for 2025 is notably lower than the substantial increases seen in recent years, where beneficiaries enjoyed raises largely due to rampant inflation. As we
Samsung Electronics, a leader in the technology sector and a powerhouse in memory chip manufacturing, has recently announced its projection for operating profit in the third quarter of the fiscal year. According to the guidance issued, Samsung anticipates an operating profit of approximately 9.10 trillion won (about $6.5 billion), which astonishingly represents a 274% increase
Home repairs and renovations are an undeniable financial burden for many homeowners across the United States. With the cost of materials and labor consistently rising, it isn’t surprising that homeowners are increasingly seeking ways to cut costs. In an unsettling revelation, a significant portion—approximately one-third—of homeowners are willing to consider hiring a contractor, even if
The Federal Reserve’s recent decision to cut interest rates during its September meeting represents a critical juncture in U.S. monetary policy. The 50 basis point reduction, the most significant move in over four years, has sparked debates among policymakers and economic analysts alike. With varied opinions on the economy and inflation, the Federal Open Market
In an era marked by exponential technological innovations, Northwood Space stands out as a groundbreaking startup reshaping the landscape of satellite communications. Founded by former television star and musician Bridgit Mendler, Northwood Space has embarked on an ambitious journey to address the critical inadequacies present in current satellite ground station systems. Last week marked a
In the chaotic world of stock trading, first and last impressions hold significant value. The daily newsletter, Stocks @ Night, serves as an essential tool for investors, offering a concise summary of stock performances and projections for the upcoming trading day. This resource is particularly valuable for those keen to grasp market trends and movements
Florida’s sports betting landscape is poised for significant changes as Hard Rock’s leadership expresses a willingness to explore partnerships with commercial sportsbooks. With Hard Rock currently holding a monopolistic grip on sports betting in the state, after securing a tribal gaming compact that excludes major competitors like FanDuel, DraftKings, and Penn Entertainment, the prospects for
As the deadline for filing extended federal income tax returns approaches, approximately 19 million taxpayers in the United States are grappling with the impending October 15 deadline. These taxpayers were granted a six-month extension earlier this year, allowing for more time to prepare their financial documents and submit their returns. However, looming over this final
In a recent press conference, Zheng Shanjie, the chairman of China’s National Development and Reform Commission (NDRC), addressed the ongoing pressures facing the country’s economy. His statements provide a glimpse into the challenges and potential strategies China may undertake to navigate the complex economic landscape. While his promises to expedite bond issuances and enhance fiscal
General Motors (GM) recently hosted its annual investor day, during which CFO Paul Jacobson shared insights regarding the company’s financial outlook for 2024 and beyond. GM aims to achieve adjusted earnings before interest and taxes (EBIT) in 2024 ranging from $13 billion to $15 billion, which translates to earnings per share of $9.50 to $10.50.