The ongoing legislative discussions surrounding the Social Security Fairness Act are emblematic of broader issues faced by public workers and retirees in America today. As Congress grapples with the threat of a government shutdown, the Senate’s consideration of this significant bill highlights a multifaceted struggle over Social Security benefits that potentially impacts millions of workers.
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On Thursday, shares of Micron Technology experienced a significant decline of 16%, marking the company’s steepest drop since the onset of the Covid-19 pandemic in March 2020. Investors reacted sharply to the chipmaker’s disappointing guidance for the second quarter, which fell short of analysts’ expectations. The stock dipped to $86.78 amid this turmoil, reflecting a
In the fast-evolving landscape of technology stocks, Nvidia has long been considered a star performer, especially in the domain of artificial intelligence (AI) and graphics processing units (GPUs). However, recent performance has seen Nvidia’s shares take a significant dip, raising concerns among investors. The recent slump highlights critical market trends and suggests a shifting focus
The CBOE Volatility Index, commonly known as the VIX, serves as a crucial indicator of market sentiment, reflecting investor expectations of future volatility in the S&P 500 index. It operates as a fear gauge; an increasing VIX signals rising anxiety among investors, while a declining VIX often indicates complacency. The dramatic fluctuations in the VIX
As discussions surrounding international trade and tariffs heat up in the United States, it is crucial for consumers, automakers, and stakeholders in the automotive sector to understand the potential implications. President-elect Donald Trump has raised the issue of imposing tariffs on imported goods, particularly targeting products from China, Canada, and Mexico. These proposed tariffs pose
In 2024, the Federal Reserve made headlines by lowering its interest rate target three times, prompting many Americans to hope for a decrease in mortgage rates. However, experts suggest that these anticipated reductions may not materialize as quickly as hoped. Jordan Jackson, a global market strategist at J.P. Morgan Asset Management, articulates a prevailing sentiment
In a shocking turn of events, Party City, the well-known party supply retail chain, has announced the closure of all its locations, effective immediately, along with substantial corporate layoffs. This decision, communicated by CEO Barry Litwin in a somber meeting, marks a significant moment in the company’s history and underscores the growing challenges facing brick-and-mortar
The recent decision by the Federal Reserve to cut interest rates for the third time in 2024 has drawn significant scrutiny, especially as mortgage rates continue to ascend. This situation presents a puzzling conundrum for borrowers and potential homeowners alike, as lower federal rates typically lead to decreased borrowing costs. However, recent data reveals an
On an important day for consumer protection, the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Zelle’s operator, Early Warning Services, and three leading U.S. banks: JPMorgan Chase, Bank of America, and Wells Fargo. The lawsuit raises critical allegations regarding these financial institutions’ handling of fraud complaints related to the Zelle payment network, which
In the rapidly evolving landscape of digital finance, few stories resonate as powerfully as that of Dave, the innovative banking service spearheaded by CEO Jason Wilk. His recent journey captures both the vulnerabilities and the tenacity inherent in the fintech industry, shedding light on a sector that has experienced both soaring highs and devastating lows